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Business Owner’s Checklist for Starting a New Year Right

Posted on: January 26, 2015 • By: Danella • 0

Every Business Owner's Checklist for Starting a New Year Right

While fiscal years for businesses vary, every new year is a great way to start anew – evaluate performance, reassess goals, plan strategies to further grow and improve. While it’s ideal to hit the year running, make sure nothing falls through the cracks. We have come up with a checklist to ensure your business starts […]

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Know Your Taxes – January 2015

Posted on: January 21, 2015 • By: Full Suite • 0

Know Your Taxes January 2015

Know the schedule of submission, filing, and payment of taxes for the whole month of January 2015. In the meantime the Bureau of Internal Revenue (BIR) now requires the use of their eBIRForms, for more information about the BIR’s new memorandum read our article: eBIRForms — Everything You Need to Know  This information is gathered […]

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What’s the Difference Between Vat and Percentage Tax?

Posted on: January 20, 2015 • By: Danella • 0

What's the Difference Between Vat and Percentage Tax?

Value Added Tax (VAT) and Percentage Tax are both business taxes collected from the sale of goods and services. The similarity ends there because these taxes are different in nature. Business owners, especially the new ones, need to know which one applies to their business to avoid future disputes with the Bureau of Internal Revenue […]

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The Ultimate Guide to BIR Forms

Posted on: January 13, 2015 • By: Danella • 0

The Ultimate Guide to BIR Forms

This is a guide to all Bureau of Internal Revenue (BIR) forms, what they are for and when they should be filed. Business owners, accountants, and liaison officers are expected to know most if not all of these forms needed for tax concerns. Did you know that filing of tax returns is now digital? Read […]

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3 BIR Approved Formats for Books of Account

Posted on: January 7, 2015 • By: Danella • 0

3 BIR Approved Formats for Books of Account

As a business owner and tax payer, maintaining a record of your day to day business transactions is not only a necessity, but a requirement. This record is called a “book of accounts”, aptly named since it is literally a record of your operations. It is also a convenient means to see the results of […]

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Happy New Year to all!

Posted on: December 30, 2014 • By: Full Suite • 0

Happy New Year

Happy New Year to all!   Full Suite will be closed for the rest of the week to celebrate the new year. We will be back in action on January 5, 2015.   Have a wonderful new year!  

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Do I Need to Pay Taxes for My Online Business?

Posted on: December 15, 2014 • By: Danella • 0

Do I Need to Pay Taxes for My Online Business?

Are you an online seller? Are you selling products or provide services via the Internet? If you answered yes to both questions, then you are the subject of the Bureau of Internal Revenue’s Revenue Memorandum Circular Number 55-2103.     When it all began The sale of goods and services through online channels has grown […]

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