LN Accounting and Consulting

📣 𝗦𝗘𝗖 𝘀𝗲𝗰𝘂𝗿𝗲𝘀 𝗗𝗢𝗙 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝘁𝗼 𝗲𝘅𝗲𝗺𝗽𝘁 𝗺𝗶𝗰𝗿𝗼 𝗲𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲𝘀 𝗳𝗿𝗼𝗺 𝘀𝘂𝗯𝗺𝗶𝘁𝘁𝗶𝗻𝗴 𝗮𝘂𝗱𝗶𝘁𝗲𝗱 𝗙𝗦, 𝗿𝗲𝗹𝗲𝗮𝘀𝗲𝘀 𝗱𝗿𝗮𝗳𝘁 𝗿𝘂𝗹𝗲𝘀

The Securities and Exchange Commission (SEC) has secured approval from the Department of Finance (DOF) to simplify the reportorial requirements of micro enterprises by allowing them to submit certified, instead of audited, financial statements.

Accordingly, the Commission on December 9 issued for public comment the proposed Amendments to the Application and Definition of Terms under the Revised SRC Rule 68 in Relation to the Adjustment of the Audit Threshold.

Under the proposal, the Commission seeks to amend Part I, Section 1(A) of the Rule 68 of Republic Act No. 8799, or the Securities and Regulation Code (SRC), to exempt both stock and nonstock corporations with total assets or liabilities not exceeding P3 million from submitting audited financial statements.

At present, only stock and nonstock corporations with total assets or liabilities less than P600,000 are exempted from mandatory audit. The SEC targets to apply the higher P3 million threshold to financial statements covering fiscal years ending on or after December 31, 2025.

In lieu of audited financial statements, a corporation within the audit threshold will be allowed to submit financial statements certified under oath by both the president and treasurer or chief financial officer, as duly authorized by the board of directors.

📰 Read more here: https://www.sec.gov.ph/pr-2025/sec-secures-dof-approval-to-exempt-micro-enterprises-from-submitting-audited-fs-releases-draft-rules

GOOD NEWS FOR ONLINE BUSINESSES:

The Department of Trade and Industry (DTI) is keeping Trustmark registration voluntary through December 31, 2026. This gives online businessmen more time to join at their own pace.

Joining now, however, gives the immediate benefit of helping build a safer digital marketplace while boosting your business. Early adopters gain key advantages right away:

• Enhanced consumer trust that drives more sales and loyalty.
• Stronger operational credibility to stand out from competitors.
• Clear market distinction with a badge that signals reliability.

Plus, it’s affordable—micro businesses with total assets up to ₱3 million even get to register for free!

Ready to get started? Contact the DTI E-Commerce Bureau at (+632) 7791.3282 or email [email protected] for questions.

LN Accounting & Consulting (@lnaccountingphils) • Instagram photos and videos 9 Followers, 18 Following, 0 Posts - See Instagram photos and videos from LN Accounting & Consulting ()

𝐅𝐎𝐋𝐋𝐎𝐖 𝐅𝐎𝐑 𝐌𝐎𝐑𝐄 𝐓𝐈𝐏𝐒!

Cloudbeds + LN Accounting: Transforming hospitality operations with finance-driven systems.

Strategic Value for Property Owners:
✅ Centralized and automated reservation management
✅ Real-time sales visibility and audit-ready reporting
✅ Seamless alignment with accounting and financial controls
✅ Insights that support revenue optimization and forecasting

This partnership reinforces our goal to help hospitality organizations build sustainable, well-managed, and scalable operations through technology-driven financial management.

For inquiries or consultation regarding Cloudbeds implementation and accounting integration, you may reach us through our official channels.

📩 LN Accounting & Consulting
A strategic partner for hospitality finance and systems.

𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝗘𝗻𝗶𝗴𝗺𝗮 𝟮𝟬𝟮𝟱 — 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗛𝗮𝗰𝗸𝗮𝘁𝗵𝗼𝗻 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻

⏳ 2 more days until registrations close! Only a few days left to join the national hackathon and build solutions for a better future. Partner institutions are excited to support the next generation of innovators and tech-driven solutions!

Join us November 12–14 and showcase your ideas in our innovation tracks:
✨ 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆
🎨 𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆
🤖 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆

🏆 Win a spot in the Residency Program & cash prizes up to ₱100,000!
🗓 Registration Deadline: November 7, 2025
✅ Register for FREE: https://forms.office.com/r/As3g4PvDV2
📧 [email protected] | 📞 0927 430 2184
🌐 www.ndc.gov.ph