How does the Bureau of Internal Revenue conduct its auditing process? The very first step is a Letter of Authority, a very crucial document. It is usually issued by the CIR and presented by its duly authorized revenue officer to the company or individual involved in the tax complaint. It must be issued 30 days …
Asian Consulting Group concluded its debut of the Executive Tax Management Program this past Monday. The third executive session tackled ways on making amendments with the Bureau of Internal Revenue (BIR) the proper way which is paying your tax dues without compromises. This included case analysis, assessments, and discussion of different approaches in resolving BIR …
From time to time, common mistakes in compliance that companies commit have usually put them in problematic situations. Even the slightest degree of erratic action would prompt authorities to go after a particular company or individual. As a result, start-up managers, company executives, and business owners are dealing with the hassles when a Revenue Officer …
ACG Holds Its First Ever Executive Tax Management Program! Read More »
Asian Consulting Group concluded its second learning session under the first batch of Executive Tax Management Program last October 20,2021. The Executive Session tackles the dos and don’ts for business owners when it comes to dealing with the Bureau of the Internal Revenue. In this session, business executives were enlightened to the ways on how …
ACG Discussed Avoiding Audit Harassment Woes in the 2nd Session Last October 20th! Read More »
Join our Executive Tax Management Program! From time to time, common mistakes in compliance that companies commit have usually put them in problematic situations. As such, ACG has launched its first Executive Tax Management Program for business executives to learn about how the BIR audit goes, how they can prepare for any auditing, and how …
Join the Executive Tax Management Program Batch 1! Read More »
What common violations do taxpayers make that may get them into trouble with the Bureau of Internal Revenue? Unless they are exempted, everyone who generates income has the obligation to the country to be responsible for their taxes. Here are five common mistakes that taxpayers often make: Failure to register to BIR The first step …
In the process of facing your cases concerning your taxes, the Bureau of Internal Revenue (BIR) should send you one crucial document to start its operation. Other than that, both auditing and investigation will not be considered the rightful activity. This insight comes after the Supreme Court has made a statement on the disturbing trend …
Asian Consulting Group is holding its first Executive Tax Management Program, an e-learning course for business executives to learn about how the BIR Audit goes, how they can prepare for any Auditing, and how to avoid it for the long-term. In this exclusive program made for business executives, ACG has three e-learning sessions that business …
To Tax The Rich or not to? As Shakespearean as it sounds, that is the question—at least on the part of the lawmakers. “Tax The Rich” has been the battle cry of the representatives from the Makabayan bloc during late September. Members of the said alliance have filed House Bill No. 10253 on September 20, …
What is Revenue Memorandum Circular 97-2021? RMC 97-2021 was issued by the Bureau of Internal Revenue in August 2021, depicting the taxations of any income received by Social Media Influencers. Social media influencers are defined by section 3 of the said circular as “all taxpayers, individuals or corporations, receiving income, in cash in kind, from …
I still don’t understand RMC-97, what is it about? Read More »
