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Stay ahead and check tax and other reportorial deadlines with our comprehensive digital calendar! Gain quick access to key filing dates and deadlines in one convenient platform—helping you stay organised, compliant, and confident throughout the year.
National Internal Revenue Code of 1997 5th Edition
Taxpayers are now required to register their books of accounts through the BIR’s Online Registration and Update System (ORUS). The following guidelines shall be observed in the online registration of books of accounts.
Many people will celebrate with their loved ones by giving flowers or boxes of chocolates, or by arranging dinner dates in restaurants or romantic places – gestures that show our appreciation and care for our loved ones.
Studies say that one of the most difficult problems of executives in business organizations relates to people management. However, it can be said that one does not need to resort to surveys and studies to realize that people management is indeed difficult, if not the most difficult issue to handle.
The Bureau of Internal Revenue (BIR) is on its way to complete its digitalization roadmap with the release of more updates to its Online Registration and Update System (ORUS). Through the issuance of Revenue Memorandum Circular (RMC) No. 12-2023 last January 27, 2023, the BIR introduced the additional features to the ORUS.
Republic Act (RA) No. 10963 or the TRAIN Law introduced several major revisions to the National Internal Revenue Code (Tax Code) of 1997. While the law became effective 01 January 2018, some changes were made effective through staggered implementation.
Normally, people celebrate the New Year with new year’s resolutions and (hopefully) adhering to them. For us accountants, flipping the calendar means we start with a fresh set of books and accounting records, a new year of targets, quotas, and goals, and most of all, four months of duels with various deadlines to beat.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 7-2023, which provides guidelines on Return Processing System (RPS) assessments, identifying all tax returns that are:
Valuation is a combination of both art and science. Though scientifically objective in its specific approaches and methodologies, valuation work can be an artfully subjective undertaking.
