Tax Computation & Preparation of Returns
Tax payments and deadlines consume considerable amount of time and energy to business owners. Tax reporting and compliance is a challenge to businesses which is why we offer our assistance to business owners and relieve them from worry relating to tax compliance.
Delivery of Organized and Filed Documents
Accounting source documents must be kept for a period of three (3) to ten (10) years for possible future reference in case of audit. As such, we file the gathered documents in an organise manner before we return it back to you for safekeeping. We deliver gathered and filed documents every end of the month.
Preparation and submission of BIR and Other Reports
Other than the bookkeeping of the day to day business transactions and reporting, we also help business owners in the preparation of the required BIR and other reportorial requirements based on the gathered source documents. These BIR and other government reports are prepared and sent to client five (5) days before the government deadline, for client’s review, filing and payment.
These BIR and other government reports are, but not limited to the following:
● Monthly Withholding Tax Returns (BIR Form 1601C and 1601E)
● Monthly Alphalist of Payees (MAP) as attachment to BIR Form 1601E
● Monthly Sales Tax Returns (BIR Form 2551M or BIR Form 2550M)
● Quarterly VAT Return with Schedule of Sales and Purchases
• (BIR Form 2550Q and VAT RELIEF)
● Quarterly Income Tax Returns (BIR Form 1701Q or 1702Q)
● Quarterly Summary Alphalist of Withholding Agent of Income Payments Subjected to Tax Withheld at Source (SAWT) as attachment to BIR Form 1701Q or 1702Q
● Annual Summary Alphalist of Withholding Agent of Income Payments Subjected to Tax Withheld at Source (SAWT) as attachment to BIR Form 1701 or 1702
● Annual Alphalist of Payees Subject to Expanded Withholding Tax
• (BIR Form 1604E)
● Annual Submission of Inventory List
● Annual submission of General Information Sheet (GIS) for SEC
● Annual submission of General Form of Financial Statements (GFFS) for SEC
● and many more..
Tax Compliance
Tax payments and deadlines consume considerable amount of time and energy to business owners. Tax management is a challenge to businesses which is why we offer our assistance to business owners and relieve them from worry relating to tax compliance.
We provide assistance to business owners in complying with their tax requirements and deadlines. These tax returns includes, but not limited, to the following: Income Tax, Value-Added Tax (VAT), Percentage Tax, Withholding Tax – Expanded and Withholding Tax – Compensation.
Our Tax Service Includes
Monthly computation and preparation of the following BIR tax returns:
● BIR Form 1601E – Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded)
● BIR Form 1601C – Monthly Remittance Return of Income Taxes Withheld on Compensation
● BIR Form 2551M – Monthly Percentage Tax Return
● BIR Form 2550M – Monthly Value-Added Tax (VAT) Declaration
● Quarterly computation and preparation of the following BIR tax returns: BIR Form 1701Q – Quarterly Income Tax Return for Self-employed Individuals, Estates, and Trusts (Including Those with both Business and Compensation Income)
● BIR Form 1702Q – Quarterly Income Tax Return for Corporations, Partnerships and Other Non-Individual Taxpayers
● BIR Form 2550Q – Quarterly Value-Added Tax (VAT) Return
● BIR VAT RELIEF Files – Schedule of sales, purchases and importations
● Annual computation and preparation of the following BIR tax returns
● BIR Form 1702 – Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer
● BIR Form 1701 – Annual Income Tax Return for Self-Employed Individual
● BIR Form 1700 – Annual Income Tax Return for Individual Earning Purely Compensation Income (For employees)
● BIR Form 1604CF – Annual Information Return of Income Tax Withheld on Compensation and Final Withholding Taxes
● BIR Form 1604E – Annual Information Return of Creditable Income Tax Withheld (Expanded)
● Preparation of Certificate of Withholding Tax Returns:
● BIR Form 2307 – Certificate of Creditable Tax Withheld at Source
● BIR Form 2316 – Certificate of Compensation Payment / Tax Withheld For Compensation Payment With or Without Tax Withheld