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.

The Bureau of Internal Revenue now allows Board Resolutions and Secretary’s Certificates signed by Assistant Corporate Secretaries to be accepted as part of the documentary requirements for business registration. This move aims to reduce administrative burden and simplify registration processes…

New MySSS Card Rolled Out as Official ID and Debit Card The Social Security System (SSS) has introduced the MySSS Card, replacing the UMID as the official identification for members, pensioners, and beneficiaries. The card also serves as a debit…

Heads up! September is packed with important tax deadlines, and staying on top of them is key. From filing VAT and income tax returns to settling withholding tax and other government remittances, every due date counts. Make sure to double-check…