by Cedric Martinez | Apr 6, 2026 | Business Tips, Doing Business in the Philippines, Tax Compliance
Payroll mistakes create hidden costs through penalties, delayed filings, manual corrections, and lost operational efficiency. Common issues like tax errors, missed statutory contributions, overtime miscalculations, and employee misclassification increase compliance...
by Roma Mendenueta | Jan 7, 2026 | Business Tips, Tax Compliance
Having a year-end inventory is a must for businesses, including small and medium-sized enterprises (SMEs). While it is more than operations, as it is also about tax compliance. The Bureau of Internal Revenue (BIR) utilizes inventory lists and schedules as audit tools;...
by Roma Mendenueta | Dec 3, 2025 | Tax Compliance, Business Tips
Year-end is fast approaching; hence, it’s already crunch time for businesses in the Philippines. This term is not just about meeting sales targets, preparing year-end reports, or planning holiday parties; there are also a handful of tax obligations that need to be...
by Roma Mendenueta | Nov 27, 2025 | Accounting Tips, Doing Business in the Philippines, Tax Compliance
Running a business in the Philippines as a foreign owner often entails with operational and regulatory complexity. With the ever-changing local tax rules, compliance requirements, and other challenges, the last thing any business needs is a finance team overwhelmed by...
by Roma Mendenueta | Nov 14, 2025 | Accounting Tips, Doing Business in the Philippines, Tax Compliance
Shifting towards a paperless operation isn’t just a want – but a need in today’s digital economy. For small to medium enterprises (SMEs) or startup companies in the Philippines, adopting the practice of cloud-based accounting and management aids in mitigating errors...
by Cedric Martinez | Nov 13, 2025 | Tax Compliance
The Philippine tax system follows the Lifeblood Doctrine, with the BIR handling national taxes, LGUs overseeing local taxes, and the Bureau of Customs managing import and export duties. Companies must pay income tax, VAT, percentage tax, excise tax, and withholding...
