Santos & Garcia Business Consultancy Services

🌟 First Client, First Milestone in Our New Office! 🌟

We’re proud to share that we’ve welcomed our first client at our newly opened office in Brgy. Burol Main, Dasmariñas, Cavite. This moment is more than just business—it’s a symbol of trust, growth, and new beginnings.

🙏 Thank you for being part of this journey. Here’s to more collaborations and success stories ahead!

📧 [email protected]
📞 09084910445

📢 BIR Advisory – Simplified Business Closure Guide (RMC No. 047-2026)

Closing a business doesn’t have to be complicated. The BIR has released a simplified process to help taxpayers officially close their registration properly and avoid penalties.

💡 Who is covered?
✔ Sole Proprietors
✔ Professionals / Online Sellers
✔ Corporations / Partnerships
✔ Associations / Cooperatives
✔ Estates, Trusts, Government Entities

🚨 Important Reminder:
Stopping operations without filing for closure means tax obligations continue, returns must still be filed, and penalties may accumulate.

💼 At Santos & Garcia Business Consultancy Services, we guide entrepreneurs through proper closure procedures to ensure compliance and peace of mind.

📩 [email protected]
📞 09084910445

📢 SEC Advisory – Reduced Fees for Corporate Documents & Services

The Securities and Exchange Commission (SEC) has announced further reductions in fees for IT-related services and corporate documents under SEC Memorandum Circular No. 18, Series of 2026.

💡 Key Updates:
✔ Physical copies of Articles of Incorporation & By-Laws now cost ₱750 (authenticated) and ₱565 (plain) – down from ₱1,000 and ₱750.
✔ Digital copies of SEC documents also reduced – authenticated copies now ₱470, plain copies ₱280.
✔ SEC API Service fees remain effective:

Package A: ₱10,000 (100 calls)
Package B: ₱50,000 (1,000 calls)

⚖️ These changes aim to modernize services, lower costs, and make compliance more accessible for businesses.

💼 At Santos & Garcia Business Consultancy Services, we assist clients in securing SEC documents, registrations, and compliance requirements at the updated rates—helping entrepreneurs save time and resources.

📩 [email protected]
📞 09084910445

⚠️ Taxpayer Reminder – One TIN Only

Every taxpayer is assigned only one Taxpayer Identification Number (TIN). Securing more than one is a criminal offense under Section 275 of the Tax Code.

💡 Why this matters:
✔ Your TIN is your unique identity with the BIR
✔ Multiple TINs can cause audit issues and penalties
✔ Proper registration ensures smooth compliance and credibility

🚫 Avoid shortcuts—duplicate TINs can lead to fines, criminal liability, and business disruption.

💼 At Santos & Garcia Business Consultancy Services, we guide entrepreneurs and professionals in proper registration and compliance to keep their records clean and secure.

📩 [email protected]
📞 09084910445

📢 BIR Advisory – Launch of the Taxpayer Portal (RMC No. 53-2026)

The Bureau of Internal Revenue has announced the pilot implementation of the Taxpayer Portal for Large Taxpayers Service (LTS). This secured digital platform provides a single online view of your tax information and compliance status.

💡 Key Features of the Portal:
✔ View taxpayer registration details
✔ Monitor filed tax returns per tax type/form
✔ Track tax payments easily
✔ Access account ledgers per tax type/form
✔ Receive system-generated notifications and reminders

⚖️ This initiative modernizes tax administration, reduces manual follow-ups, and enhances taxpayer services. The pilot rollout will gradually expand to other taxpayer groups once operational readiness is ensured.

💼 At Santos & Garcia Business Consultancy Services, we help businesses adapt to new compliance systems and ensure smooth transitions to digital platforms.

📩 [email protected]
📞 09084910445

❓ Tax Question:
“I don’t have receipts for my purchases and expenses, and I’m using itemized deductions. What possible issues could this cause?”

📌 Answer:
The biggest risk is that the BIR may disallow all your deductions during a tax audit.

Under Section 34(A)(1)(b) of the Tax Code, every business expense must be backed by proper documentation. Simply listing expenses is not enough—the law requires official proof such as:

💡 Primary Proof – Invoices
✔ Must be BIR‑registered
✔ Show your business name, TIN, date, and description of goods/services
✔ As updated by the Ease of Paying Taxes Act, invoices are now the main evidence of transactions

💡 Other Acceptable Records (if invoices unavailable):

Contracts/Deeds (e.g., lease contracts, employment contracts)
Payslips & Payroll Sheets (proof of wages)
Bank Statements & Canceled Checks (evidence of payments)
Billing Statements (utilities, internet, etc., under your business name)

👉 Documents must clearly show:
✔ Exact expense amount
✔ Direct connection to your business operations

💼 At Santos & Garcia Business Consultancy Services, we guide entrepreneurs in proper documentation so deductions remain valid and protected during audits.

📩 [email protected]
📞 09084910445

✅ 6 New Sets of Invoices & ATP Applications Completed!

We’re proud to support businesses in staying compliant with their invoicing and Authority to Print requirements. Proper documentation is more than just paperwork—it’s a foundation for transparency, accountability, and smooth operations.

💡 Why this matters:
✔ Ensures legitimacy of transactions
✔ Strengthens business credibility
✔ Keeps you aligned with BIR regulations

💼 At Santos & Garcia Business Consultancy Services, we make compliance simple and stress-free so entrepreneurs can focus on growth.

📩 [email protected]
📞 09084910445

🎉 New Business Registered – RDO 54A Trece 🎉

Congratulations to our newest freelancer client on completing their business registration, official invoices, and ledger setup! 📑✨

💼 At Santos & Garcia Business Consultancy Services, we make business registration and compliance simple, so entrepreneurs can focus on building their business and serving their clients with confidence.

📩 [email protected]
📞 09084910445