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Updated by Hazel Nicolasora on Oct 01, 2021
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UNA-workcaholic

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Top Accounting & Tax Firm in the Philippines

We are the top accounting & tax firm in the Philippines. We aim to provide you timely and accurate accounting, tax, and other related information to equip you as you manage your business.

As the central knowledge hub of UNA, ACCOUNTAHOLICSPH makes it easier for
business owners/entrepreneurs to navigate through their business through expert information and insights, straight from experienced finance and accounting professionals.

Visit: https://accountaholicsph.com/

1

How to Pay Yourself When You're the Boss

One of the many decisions you have to make when running your own business is how to pay yourself. It is a crucial question worth asking right from that start as it will ensure your company’s finances are organized, while helping ascertain your personal needs are met.

Visit: https://accountaholicsph.com/2021/how-to-pay-yourself-when-youre-the-boss/

How to Pay Yourself When You're the Boss

One of the many decisions you have to make when running your own business is how to pay yourself. It is a crucial question worth asking right from that start as it will ensure your company’s finances are organized, while helping ascertain your personal needs are met.
You cannot take this decision lightly as it will have a huge impact on your business’s financial health, including your personal finance, especially when you pay taxes.

3

How to Pay Yourself When You're the Boss

How to Pay Yourself When You're the Boss

One of the many decisions you have to make when running your own business is how to pay yourself. It is a crucial question worth asking right from that start as it will ensure your company’s finances are organized, while helping ascertain your personal needs are met.

You cannot take this decision lightly as it will have a huge impact on your business’s financial health, including your personal finance, especially when you pay taxes. Treating your revenues like an ATM can wreak havoc in your cash flow, confusing your ledgers. Thus, you must carefully incorporate your own salary into your business plans. Let’s dive deep to see the steps need so you can properly reward yourself with the right compensation package.

Visit: https://accountaholicsph.com/2021/how-to-pay-yourself-when-youre-the-boss/

Books of Accounts: What you need to know, and all that needs to be accounted for

Every corporation, partnership, and tax-paying individual (sole-proprietor or professional) is required to have records of their daily transactions. As a business owner, you need to log your daily operations. Knowing the exact numbers allow you to make informed decisions and projections. Most of all, you need to properly record the amounts of your transactions for tax filing purposes. It is this set of records that are called “books of account”.

Visit: https://accountaholicsph.com/2021/books-of-accounts-what-you-need-to-know-and-all-that-needs-to-be-accounted-for/

5

Books of Accounts: What you need to know, and all that needs to be accounted for

Every corporation, partnership, and tax-paying individual (sole-proprietor or professional) is required to have records of their daily transactions. As a business owner, you need to log your daily operations. Knowing the exact numbers allow you to make informed decisions and projections. Most of all, you need to properly record the amounts of your transactions for tax filing purposes. It is this set of records that are called “books of account”.

Visit: https://accountaholicsph.com/2021/books-of-accounts-what-you-need-to-know-and-all-that-needs-to-be-accounted-for/

6

Books of Accounts: What you need to know, and all that needs to be accounted for

Books of Accounts: What you need to know, and all that needs to be accounted for

Every corporation, partnership, and tax-paying individual (sole-proprietor or professional) is required to have records of their daily transactions. As a business owner, you need to log your daily operations. Knowing the exact numbers allow you to make informed decisions and projections. Most of all, you need to properly record the amounts of your transactions for tax filing purposes. It is this set of records that are called “books of account”.

Visit: https://accountaholicsph.com/2021/books-of-accounts-what-you-need-to-know-and-all-that-needs-to-be-accounted-for/

The Bureau of Internal Revenue recently released its latest Revenue Regulation-21-2020, which promotes the promulgation of the VAPP (Voluntary Assessment and Payment Program) for the taxable year of 2018.

Visit: https://accountaholicsph.com/2021/bir-launches-program-cutting-audits-to-address-issues-brought-by-the-pandemic/

8

BIR Launches Program Cutting Audits to Address Issues Brought by the Pandemic

BIR Launches Program Cutting Audits to Address Issues Brought by the Pandemic

The Bureau of Internal Revenue recently released its latest Revenue Regulation-21-2020, which promotes the promulgation of the VAPP (Voluntary Assessment and Payment Program) for the taxable year of 2018.

Visit: https://accountaholicsph.com/2021/bir-launches-program-cutting-audits-to-address-issues-brought-by-the-pandemic/

9

BIR Launches Program Cutting Audits to Address Issues Brought by the Pandemic

BIR Launches Program Cutting Audits to Address Issues Brought by the Pandemic

The Bureau of Internal Revenue recently released its latest Revenue Regulation-21-2020, which promotes the promulgation of the VAPP (Voluntary Assessment and Payment Program) for the taxable year of 2018.

Visit: https://accountaholicsph.com/2021/bir-launches-program-cutting-audits-to-address-issues-brought-by-the-pandemic/

To find out how you can resolve customers past due accounts without completely alienating your clients and severing your relationship, read on.
Truthfully, running after people who owe you a sum is not an easy task to do. However, with fast action, firm guidelines, and a friendly disposition, you can easily collect any customer’s late payments without sacrificing your client-merchant relationship.

11

Fast, Firm, and Friendly: Properly Resolving Past Due Accounts Without Alienating Your Clients

To find out how you can resolve customers past due accounts without completely alienating your clients and severing your relationship, read on.
Truthfully, running after people who owe you a sum is not an easy task to do. However, with fast action, firm guidelines, and a friendly disposition, you can easily collect any customer’s late payments without sacrificing your client-merchant relationship.

Visit: https://accountaholicsph.com/2021/fast-firm-and-friendly-properly-resolving-past-due-accounts-without-alienating-your-clients/

Fast, Firm, and Friendly: Properly Resolving Past Due Accounts Without Alienating Your Clients

To find out how you can resolve customers past due accounts without completely alienating your clients and severing your relationship, read on.

Visit: https://accountaholicsph.com/2021/fast-firm-and-friendly-properly-resolving-past-due-accounts-without-alienating-your-clients/

The year 2021 has just begun, and for enterprising individuals, this means tax document preparations, inventories, and most importantly, renewal of business permits.

14

4 Steps to Renew Your Business Permit in the Philippines without a Fuss

The year 2021 has just begun, and for enterprising individuals, this means tax document preparations, inventories, and most importantly, renewal of business permits.

Visit: https://accountaholicsph.com/2021/4-steps-to-renew-your-business-permit-in-the-philippines-without-a-fuss/

15

4 Steps to Renew Your Business Permit in the Philippines without a Fuss

4 Steps to Renew Your Business Permit in the Philippines without a Fuss

The year 2021 has just begun, and for enterprising individuals, this means tax document preparations, inventories, and most importantly, renewal of business permits.

Visit: https://accountaholicsph.com/2021/4-steps-to-renew-your-business-permit-in-the-philippines-without-a-fuss/

How to convert 5 person into 1 person corporation in 4 easy steps!

Suppose you are thinking of converting your Ordinary Stock Corporation (OSC) or five-person corporation to a One Person Corporation (OPC) to simplify your operations. In that case, you can do so easily now as the Securities and Exchange Commission (SEC) released its guidelines via Memorandum Circular 27-2020.

17

How to convert 5 person into 1 person corporation in 4 easy steps!

How to convert 5 person into 1 person corporation in 4 easy steps!

Suppose you are thinking of converting your Ordinary Stock Corporation (OSC) or five-person corporation to a One Person Corporation (OPC) to simplify your operations. In that case, you can do so easily now as the Securities and Exchange Commission (SEC) released its guidelines via Memorandum Circular 27-2020.

Visit: https://accountaholicsph.com/2021/from-5-person-to-1-person-corporation-the-steps/

Top Accounting & Tax Firm in the Philippines

We are the top accounting & tax firm in the Philippines. We aim to provide you timely and accurate accounting, tax, and other related information to equip you as you manage your business.

Visit: https://accountaholicsph.com/

20

Top Accounting & Tax Firm in the Philippines

Top Accounting & Tax Firm in the Philippines

We are the top accounting & tax firm in the Philippines. We aim to provide you timely and accurate accounting, tax, and other related information to equip you as you manage your business.

As the central knowledge hub of UNA, ACCOUNTAHOLICSPH makes it easier for
business owners/entrepreneurs to navigate through their business through expert information and insights, straight from experienced finance and accounting professionals.

Visit: https://accountaholicsph.com/

Avoid Harsh Oplan Kandado Tax Mapping Penalties with These Easy Fixes

The Bureau of Internal Revenue (BIR) conducts regular inspections of business establishments all over the Philippines. This initiative is part of their Oplan Kandado program, also known as the Tax Compliance Verification Drive. Colloquially, this is known as “Tax Mapping.”

22

Avoid Harsh Oplan Kandado Tax Mapping Penalties with These Easy Fixes

The Bureau of Internal Revenue (BIR) conducts regular inspections of business establishments all over the Philippines. This initiative is part of their Oplan Kandado program, also known as the Tax Compliance Verification Drive. Colloquially, this is known as “Tax Mapping.”

Visit: https://accountaholicsph.com/2021/avoid-harsh-oplan-kandado-tax-mapping-penalties-with-these-easy-fixes/

23

Avoid Harsh Oplan Kandado Tax Mapping Penalties with These Easy Fixes

Avoid Harsh Oplan Kandado Tax Mapping Penalties with These Easy Fixes

The Bureau of Internal Revenue (BIR) conducts regular inspections of business establishments all over the Philippines. This initiative is part of their Oplan Kandado program, also known as the Tax Compliance Verification Drive. Colloquially, this is known as “Tax Mapping.”

Visit: https://accountaholicsph.com/2021/avoid-harsh-oplan-kandado-tax-mapping-penalties-with-these-easy-fixes/

CREATE Bill Now Signed into Law, Offers Tax Reforms for an Improved Economy

The CREATE Bill has now been finally signed into law. After numerous revisions and heated debates in the Senate and House of Representatives, The Corporate Recovery and Tax Incentives for Enterprises (CREATE) has been signed by President Duterte on March 26, 2021, as RA No. 11534.

Visit: https://accountaholicsph.com/2021/create-bill-now-signed-into-law-offers-tax-reforms-for-an-improved-economy/

25

CREATE Bill Now Signed into Law, Offers Tax Reforms for an Improved Economy

The CREATE Bill has now been finally signed into law. After numerous revisions and heated debates in the Senate and House of Representatives, The Corporate Recovery and Tax Incentives for Enterprises (CREATE) has been signed by President Duterte on March 26, 2021, as RA No. 11534.

Visit: https://accountaholicsph.com/2021/create-bill-now-signed-into-law-offers-tax-reforms-for-an-improved-economy/