The Bureau of Internal Revenue said it is nearing completion of proposed reforms to its tax audit process, including changes to the issuance of Letters of Authority to address long-standing complaints of abuse and multiple audits. BIR Commissioner Charlie Mendoza…
We are delighted to announce the well-deserved promotions of our team members this December. Their dedication, professionalism, and outstanding contributions have greatly strengthened our team. We look forward to their continued growth and success in their new roles. Congratulations on…
Get ready for another round of compliance this coming week. Several submissions, e-submissions, and remittances are lined up, including requirements for November transactions and system-generated reports. With multiple forms and schedules due on different dates, it’s a good time to…
The Department of Finance has announced the temporary suspension of all Bureau of Internal Revenue field audits amid rising complaints of abuse and misuse. The pause covers the issuance of Letters of Authority and Mission Orders as the agency conducts…
Charlito Martin Rada Mendoza has transitioned from the Department of Finance to assume a new post within the Bureau of Internal Revenue after being appointed by President Ferdinand “Bongbong” Marcos Jr. His appointment follows an official confirmation of leadership changes…
Employers, payroll professionals, and individuals, especially those handling international clients or foreign employees, should review their withholding setups, tax rates, and payroll processes to ensure compliance with the updated law.
Here’s a heads-up for your tax deadlines next week. Make sure to file, submit, or pay your required forms on or before the scheduled dates to stay compliant and avoid penalties.
The Securities and Exchange Commission (SEC) is seeking to ease reporting rules for small businesses by exempting those with assets below ₱3 million from submitting audited financial statements. Instead, firms would file sworn financial statements certified by their treasurer or…
Cheers to you, Ma’am Jham Daylusan, on officially becoming a Certified Public Accountant! Passing the October 2025 CPA Licensure Examination is a big achievement, and your FMAS Family couldn’t be prouder. Your hard work and passion continue to inspire us…
We’re reminding everyone to prepare for next week’s filing schedule. Check your payroll tax records, finalize your reports, and make sure your submissions are ready. Keep everything accurate and organized for an efficient filing week ahead.