Mamites Accounting and Bookkeeping Services - Cebu

SEC News : Securities and Exchange Commission (SEC) secures approval from DOF to exempt micro enterprises for annual submission of audited financials and releases their draft rules.
Source: sec.gov.ph

💰 Business Owners, Professionals, Taxpayers! 💰

Updated lists of RR and RDOs with their UPDATED NAMES 📖📑📑
To know your BIR jurisdiction when you file and pay your tax compliances.

Source:https://bir-cdn.bir.gov.ph/BIR/pdf/RAO%20No.%206-2025.pdf

BIR Suspends All Audit and Field Operations (RMC No. 107-2025)

Effective immediately, the Bureau of Internal Revenue (BIR) has ordered the suspension of all field audits and related field operations. This move aims to address systemic issues, protect taxpayer rights, and ensure integrity in the audit process.

The issuance of Letters of Authority (LOA), Mission Orders (MO), and the examination/verification of books of accounts are SUSPENDED until the order is lifted by the Commissioner.

While general audits are paused, the BIR will continue working on:
・Cases prescribing within six (6) months
・Estate Tax, Donor’s Tax, Capital Gains Tax, and Withholding Tax on land/share sales
・Retiring businesses
・Active criminal probes requiring immediate action
・Refund claims requiring an LOA
・Deadlines imposed by the Commissioner

The issuance of Assessment Notices, Warrants, and Seizure Notices will continue to maximize revenue collection.

Source: BIR website

Tax Filing Deadlines are extended.

Relationship of Financial Statements

Cash Management Cycle.

“Focus on growing your business — we’ll handle the numbers, books, and taxes.”

File your tax compliance on time.

Stay focused on growing your business-we'll handle your government compliances. Our company ensures you meet all requirements on time, hassle-free, and with peace of mind.

Mamites Accounting and Bookkeeping Services - Cebu Accounting and Bookkeeping Firm servicing Cebu City & Cebu Provinces. Taxation, Auditing, Business C

Articulating business expenses.

Reminder: Criteria & guidelines on the deductibility of ordinary and necessary expenses under Section 34(A)(1)(a) of the NIRC of 1997, as amended are reiterated for compliance.

For more information, please refer to Revenue Memorandum Circular (RMC) No. 81-2025 posted on the BIR website, or click this link: https://tinyurl.com/RMC812025

Every businesses need to have proper accounting closing activities to get the financials accurate and updated.