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Annual and short period audit
We perform audit engagements in accordance with the Philippine Standards on Auditing (PSA), as required by required by national legislation or other regulations of agencies such as the Bureau of Internal Revenue (BIR), Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), Insurance Commission (IC), Cooperative Development Authority (CDA), etc.
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Review engagement
We provide a limited or moderate level of assurance that financial statements are free from material misstatements, in accordance with the Philippine Standard on Review Engagements (PSRE).
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Financial statements compilation
We help in the preparation of financial statements of clients in accordance with Philippine Standard on Related Services (PSRS) 4410.
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Security offerings services
We provide assurance services for our clients’ debt and equity security offerings. These include audits or reviews of financial statements, examination of prospectuses, and issuance of comfort letters as required.
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Agreed-upon procedures
We perform agreed-upon procedures in accordance with applicable professional standards, delivering factual findings reports tailored to the specific needs of our clients and relevant third parties. Our services include asset and inventory count observations, financial statement translations, and assistance with regulatory applications such as capital stock increases and debt-to-equity conversions.
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Other related services
We help our clients stay ahead of the evolving complexities in the accounting landscape. Our offerings include training programs, transition and implementation planning, and impact assessments related to newly adopted accounting standards, such as Philippine Financial Reporting Standards (PFRS Accounting Standards) and other relevant frameworks.
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Tax advisory
With our knowledge of tax laws and regulations, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
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Tax compliance
We aim to minimise the impact of taxation, enabling you to maximise your potential savings and to expand your business.
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Transfer pricing
We provide comprehensive Transfer Pricing (TP) solutions suited to the needs of the client.
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Corporate services
For clients who want to do business in the Philippines, we help set up the business and assist in determining the appropriate and tax-efficient operating business or investment vehicle.
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Tax education and advocacy
We offer seminars and trainings on tax-related developments and special issues of interest to taxpayers.
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Business risk services
We cover a wide range of solutions that help you identify, address, and monitor the risks of your business.
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Business consulting services
We help organisations improve their operational performance, efficiency, sustainability, and effectiveness in today’s dynamic business landscape.
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Transaction services
We help organisations provide strategic advice and support throughout the transaction process and provide financial reporting advisory services to help companies successfully navigate the complex financial requirements in a broad range of scenarios.
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Forensic advisory
We provide support to organisations on dispute resolution, fraud prevention and detection, insurance claims, and other situations requiring detailed investigations.
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ProActive Hotline
We empower organisations to uphold integrity through safe and anonymous reporting.
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Sustainability
We promote responsible and innovative practices that reduce our environmental footprint, promote social responsibility, and ensure long-term economic viability
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P&A Academy
P&A Grant Thornton's unwavering commitment to relevance extends to its learning arm - P&A Academy.
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Accounting Services
At P&A Grant Thornton, we handle accounting services for several companies from a wide range of industries. Our approach is highly flexible. You may opt to outsource all your accounting functions, or pass on to us choice activities.
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Payroll Services
We streamline payroll operations with secure, technology-driven solutions that enhance accuracy, ensure compliance, and free organisations to focus on strategic priorities.
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Human Capital Outsourcing Services
We deliver highly trainable and experienced accounting professionals matched to client requirements, covering center and attrition management, and special projects.
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Our values
Grant Thornton prides itself on being a values-driven organisation and we have more than 38,500 people in over 130 countries who are passionately committed to these values.
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Global culture
Our people tell us that our global culture is one of the biggest attractions of a career with Grant Thornton.
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Learning & development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day. And when you are at your best, we are the best at serving our clients
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Global talent mobility
One of the biggest attractions of a career with Grant Thornton is the opportunity to work on cross-border projects all over the world.
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Diversity
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
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In the community
Many Grant Thornton member firms provide a range of inspirational and generous services to the communities they serve.
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Behind the Numbers: People of P&A Grant Thornton
Discover the inspiring stories of the individuals who make up our vibrant community. From seasoned veterans to fresh faces, the Purple Tribe is a diverse team united by a shared passion.
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Fresh Graduates
Fresh Graduates
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Students
Whether you are starting your career as a graduate or school leaver, P&A Grant Thornton can give you a flying start. We are ambitious. Take the fact that we’re the world’s fastest-growing global accountancy organisation. For our people, that means access to a global organisation and the chance to collaborate with more than 40,000 colleagues around the world. And potentially work in different countries and experience other cultures.
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Experienced hires
P&A Grant Thornton offers something you can't find anywhere else. This is the opportunity to develop your ideas and thinking while having your efforts recognised from day one. We value the skills and knowledge you bring to Grant Thornton as an experienced professional and look forward to supporting you as you grow you career with our organisation.
Tax perks of private entities that employ PWDs
25 Jul 2017REPUBLIC Act (RA) 7277, as amended by RA 10524, lays out the fundamental guarantee of rights and privileges of persons with disability (PWDs), with the main intent to foster the PWDs’ capacity to attain a more meaningful, productive and satisfying life and recognizing the role of the private sector, including partnership programs with the government, in promoting the welfare of disabled persons.
Two of these rights and privileges are equal opportunity for employment and ease of access of physical facilities.
Under the law, every PWD shall be given opportunities for suitable employment and every qualified disabled employee shall be subject to the same terms of employment, compensation, privileges and other benefits as a qualified able-bodied individual. In line with this, private entities are encouraged to hire PWDs, particularly private corporations with more than 100 employees to reserve at least one percent of all positions for PWDs, wherein the fitness of a PWD shall be initially determined by the employer on the basis of the qualification standards established for the position and in accordance with labor laws.
Private corporations are encouraged to improve existing facilities used by employees to be easily accessible to PWDs, to modify work schedules as needed, to acquire or modify equipment or devices used by PWDs, to modify examinations, training materials or company policies pertaining to hiring, and to provide auxiliary aids and assistive devices to reasonably accommodate PWDs.
The Bureau of Internal Revenue (BIR) has reiterated the incentives under the law that shall be accorded to those who employ PWDs and provide facilities for ease of access thereof through the issuance of Revenue Memorandum Circular 48-2017 last month. These incentives include additional deduction equivalent to 25 percent of the total compensation package paid to PWDs and additional deduction equivalent to 50 percent of the total direct cost of the improvements or modifications made in providing accessibility to PWDs, to the private entity’s gross income.
The following shall be the requirements for entitlement to the incentives:
1. For employing disabled persons
- Accreditation from the Department of Health on the type of disability(ies) of the disabled employee;
- Accreditation from the Department of Labor and Employment (Dole) as to the skills and qualifications of the disabled employee; and,
- Certification of Employment of the accredited disabled employee from the concerned Dole Regional Director.
2. For improving or modifying physical facilities for reasonable accommodation for disabled employees
- Certification from the building inspector in consultation with the Department of Social Welfare and Development and other concerned groups in the region where the facilities are located.
The BIR is keen on upholding the magna carta for persons with disability. It is worth noting that last April, the BIR issued Revenue Regulations 5-2017 and Revenue Memorandum Circular 42-2017 and 43-2017, which highlight the availment of PWDs of the 20 percent sales discount and exemption on value added tax, and the claim by benefactors for additional exemption of P25,000 for each PWD deemed as qualified dependent.
Source: P&A Grant Thornton
As published in SunStar Cebu dated 25 July 2017.