KeepSmart Consultancy Solution Inc.
MC No. 29-2019, which re-emphasized the way of keeping books of accounts, the deadline for registration of the books, the examination of the books, and the retention period of accounting records. For reference, we are re-publishing the new policies on keeping, maintaining, and registering books of money owed pursuant to the brand new TRAIN Law.
s an entrepreneur in the Philippines, it is advisable to ensure that your business accounts are always ready for audits throughout the year. It is good practice to constantly keep your accounts organized and up-to-date to avoid any inconvenience during audits performed by the Bureau of Internal Revenue (BIR).
Bureau of Internal Revenue released a memo clarifying the tax on social media influencers, individuals, and businesses. But who are the social media influencers according to the BIR? What are the obligations to be resolved? And why did the BIR issue this memorandum? According to BIR, they obtained reports that a few social media influencers …
