HK Consulting & Advisory Services

🚨 WE ARE HIRING! 🚨
Join the growing team of HK Consulting and Advisory Services!

We are currently looking for qualified and driven professionals for the following positions:

📌 (1) Accounting Manager
📌 (2) Compliance Officer

✨ Be part of a dynamic and professional work environment where your skills and expertise matter.

✅ Competitive and growth-oriented opportunity
✅ Professional development
✅ Collaborative workplace culture

📩 Submit your CV today:
For Accounting Manager: [email protected]
For Compliance Officer: [email protected]

🌐 Visit our website:
HK Consulting and Advisory Services

📞 For inquiries: +63 908 877 1218

‼️👀

DO NOT Pay BIR Tax Assessment 🤔

Our constitution mandates that no person shall be deprived of life, liberty, or property without due process of law, nor shall any person be denied the equal protection of the laws (1987 Philippine Constitution, Article III. Bill of Rights, Section 1).

In the case of BIR tax assessment, there are numerous lawful remedies a taxpayer may use to contest or question it, specially those invalid or bloated tax assessment.

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Some corrupt BIR Revenue Officers offer taxpayers to "settle" tax assessment immediately at discounted price to avoid tax troubles. Never agree to this unlawful scheme. Otherwise, they will issue a new BIR Letter of Authority (LOA) to your company to ask for higher bribe.

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To handle successfully the BIR tax assessment, you must learn the required due process for its issuance in accordance with Section 228 of the 1997 National Internal Revenue Code, as amended (Tax Code):

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"SEC. 228. Protesting of Assessment - When the Commissioner or his duly authorized representative finds that proper taxes should be assessed, he shall notify first the taxpayer of his findings: Provided, however, That a pre-assessment notice shall not be required in the following cases:
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# # # # # # # # #
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The taxpayer shall be informed in writing of the law and facts on which the assessment is made; otherwise, the assessment shall be void.”
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DUE PROCESS OF BIR TAX ASSESSMENT:

In 2025, one of our ATC Students won a tax case in the Court of Tax Appeals (CTA) under Case No. 10638. He argued that he did not receive a copy of Notice of Information Conference (now Notice of Discrepancy or NOD) and Preliminary Assessment Notice (PAN) prior to receipt of Final Assessment Notice (FAN).

The CTA decides in his favor that non-receipt of Notice and PAN prior to receipt of FAN is a violations of taxpayer's rights to due process under Section 228 of the Tax Code. Hence, the entire BIR tax assessment was cancelled.

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As a result, the taxpayer does not need to pay thousands of alleged tax assessments to BIR. . . legally speaking.

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However, in order to invoke certain taxpayers' rights under our Tax Code, specially during BIR tax audit investigation, business owners should be knowledgable of applicable law, rules and regulations, or jurisprudence to counter or protest tax assessments issued by the BIR. Otherwise, we will be like sitting ducks waiting to be harassed by corrupt BIR Revenue Officers or tax examiners.

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WARNING: The temptation of settling or cancelling the BIR LOA through bribe is only an illusion. Because the BIR corrupt Revenue Officers will come back again to your company to issue another LOA for different taxable year and to ask for higher bribe. Sooner or later, your business will suffer and close.

P.S. Do you want to cancel your company's BIR LOA or tax assessments without bribing?​

📩 Don’t face BIR tax audit compliance alone— consult us for CPA tax audit expert solutions today. Visit https://marklordbumagat.com or email us at [email protected] to learn more! 😎

How can we help you? 🤔

✅ Book tax audit consultation now.
✅ We will study your BIR LOA case
✅ Meet online to discuss BIR LOA cancellation or tax assessments
✅ Prepare protest letter for submission to BIR
✅ Follow up through email

BOOK NOW HERE ⬇️
https://calendly.com/marklordbumagat/bir-tax-consultation

Hello BIR 🥶

𝗧𝗮𝗻𝗼𝗻𝗴 𝗻𝗶 𝗝𝘂𝗮𝗻 𝗡𝗼. 𝟭𝟳:

“𝗛𝗲𝗹𝗹𝗼, 𝗕𝗜𝗥. 𝗢𝗻𝗹𝗶𝗻𝗲 𝗦𝗲𝗹𝗹𝗲𝗿 𝗽𝗼 𝗮𝗸𝗼. 𝗜𝗯𝗶𝗻𝗶𝗻𝗮𝗹𝗶𝗸 𝗻𝗴 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗮𝗻𝗴 𝗽𝗿𝗼𝗱𝘂𝗸𝘁𝗼𝗻𝗴 𝗯𝗶𝗻𝗲𝗻𝘁𝗮 𝗸𝗼 𝗱𝗮𝗵𝗶𝗹 𝗻𝗮-𝗱𝗮𝗺𝗮𝗴𝗲 𝗶𝘁𝗼 𝗱𝘂𝗿𝗶𝗻𝗴 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝘆. 𝗠𝗮𝘆 𝗿𝗲𝘀𝗶𝗯𝗼 𝗻𝗮 𝗮𝗸𝗼𝗻𝗴 𝗻𝗮-𝗶𝘀𝘀𝘂𝗲, 𝗽𝗮𝗮𝗻𝗼 𝗻𝗴𝗮𝘆𝗼𝗻 𝗮𝗻𝗴 𝗴𝗮𝗴𝗮𝘄𝗶𝗻 𝗸𝗼?”

𝗔𝗻𝗴 𝗞𝗮𝘀𝗮𝗴𝘂𝘁𝗮𝗻:

Para sa mga online sellers, ang tamang pagtrato sa mga produktong ibinalik (sales returns) dahil na-damage ito habang ay dine-deliver ay nakadepende sa kung pinalitan mo ang item (Replacement) o kung ibinalik mo ang pera ng customer (Refund).

Dahil nakapag-issue ka na ng Sales Invoice, sundin ang mga sumusunod na hakbang para maitama ang iyong accounting records at hindi ka magbayad ng maling buwis:

𝗦𝗲𝗻𝗮𝗿𝘆𝗼 𝗔: 𝗞𝘂𝗻𝗴 𝗽𝗶𝗻𝗮𝗹𝗶𝘁𝗮𝗻 𝗺𝗼 𝗻𝗴 𝗯𝗮𝗴𝗼𝗻𝗴 𝗶𝘁𝗲𝗺 (𝗥𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁)

Kung nagpadala ka ng kapalit na produkto na kapareho ang halaga, hindi mo na kailangang kanselahin ang unang invoice o magbawas sa iyong idinedeklarang benta:

𝗛𝘂𝘄𝗮𝗴 𝗺𝗮𝗴-𝗶𝘀𝘀𝘂𝗲 𝗻𝗴 𝗯𝗮𝗴𝗼𝗻𝗴 𝗦𝗮𝗹𝗲𝘀 𝗜𝗻𝘃𝗼𝗶𝗰𝗲 para sa pamalit na item upang maiwasan ang dobleng pagpataw ng buwis sa iisang benta.

𝗚𝗮𝗺𝗶𝘁𝗶𝗻 𝗮𝗻𝗴 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗥𝗲𝗰𝗲𝗶𝗽𝘁 (𝗗𝗥) para sa pagbiyahe ng bagong produkto at ilagay sa deskripsyon: "Replacement for damaged item under Sales Invoice No. [Ilagay ang lumang invoice number]".

𝗦𝗲𝗻𝗮𝗿𝘆𝗼 𝗕: 𝗞𝘂𝗻𝗴 𝗯𝗶𝗻𝗮𝗹𝗶𝗸 𝗺𝗼 𝗮𝗻𝗴 𝗽𝗲𝗿𝗮 (𝗥𝗲𝗳𝘂𝗻𝗱)

Kung tuluyan nang kinansela ang transaksyon at binalik mo ang bayad sa bumili, kailangan mong maihabol ito bilang Sales Return.

✔️𝙈𝙖𝙜-𝙞𝙨𝙮𝙪 𝙣𝙜 𝘾𝙧𝙚𝙙𝙞𝙩 𝙈𝙚𝙢𝙤 / 𝘾𝙧𝙚𝙙𝙞𝙩 𝙉𝙤𝙩𝙚

Gumawa ng supplementary document tulad ng Credit Memo kung saan malinaw na nakasulat ang pangalan ng buyer, orihinal na Sales Invoice number, petsa, detalye ng produkto, at dahilan ng pagbabalik (damaged item).

✔️𝙈𝙖𝙧𝙠𝙖𝙝𝙖𝙣 𝙖𝙣𝙜 𝙎𝙪𝙥𝙥𝙡𝙚𝙢𝙚𝙣𝙩𝙖𝙧𝙮 𝘿𝙤𝙘𝙪𝙢𝙚𝙣𝙩

Tandaan na sa ilalim ng Revenue Regulations No. 7-2024 ng BIR, ang mga katulad na supplementary document (Credit Memo) ay kailangang may naka-print na linyang: "THIS DOCUMENT IS NOT VALID FOR CLAIM OF INPUT TAX."

✔️𝙄-𝙙𝙚𝙙𝙪𝙘𝙩 𝙨𝙖 𝙞𝙣𝙮𝙤𝙣𝙜 𝙏𝙖𝙭 𝙍𝙚𝙩𝙪𝙧𝙣

I-report ang halagang ito bilang bawas sa iyong Gross Sales (Sales Returns and Allowances) sa susunod mong pag-file ng Quarterly Income Tax Return (BIR Form 1701Q/1702Q) o VAT/Percentage Tax Return para hindi mo na ito kailangang bayaran ng buwis.

Mahahalagang Paalala para sa Proteksyon mo:

✔️Ang mga Ebidensya

Itabi ang mga screenshot ng chat sa e-commerce platform (Shopee, Lazada, o TikTok), refund confirmation, at larawan o video ng sira o nadamage na produkto bilang patunay sa BIR kung sakaling magka-audit.

✔️Huwag Burahin o Sirain ang kopya ng Invoice

Panatilihing buo ang iyong kopya (Seller's copy) ng naisiyung invoice para sa iyong bookkeeping at huwag itong buburahin o babaguhin nang walang kaakibat na Credit Memo.

Legal Bases:

National Internal Revenue Code (Tax Code), Section 106(C)(2).

RR 7-2024 = https://share.google/SyixUpAkJLbqLWgJn

Republic Act No. 7394 (Consumer Act of the Philippines)

The Securities and Exchange Commission (SEC) has suspended the imposition of monthly penalties in the late or non-filing of reportorial requirements until December 31, 2026 in order to reduce transaction costs and promote the ease of doing business.

In its meeting last May 5, the Commission En Banc approved the suspension of penalties imposed for every month of delay for the late or non-filing of reportorial requirements, as provided under SEC Memorandum Circular No. 6, Series of 2024 (MC 6). MC 6 provides the scale of fines and penalties for the late or non-filing of annual financial statements (AFS) and general information sheets (GIS) submitted by corporations registered with the Commission.

Read the full article in the comments section below.

‼️

𝗕𝗜𝗥 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 “𝗘𝗔𝗦𝗘 𝗢𝗙 𝗖𝗟𝗢𝗦𝗜𝗡𝗚 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦” 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦 𝗙𝗢𝗥 𝗧𝗔𝗫 𝗥𝗘𝗚𝗜𝗦𝗧𝗥𝗔𝗧𝗜𝗢𝗡 𝗖𝗔𝗡𝗖𝗘𝗟𝗟𝗔𝗧𝗜𝗢𝗡; 𝗧𝗔𝗫 𝗖𝗟𝗘𝗔𝗥𝗔𝗡𝗖𝗘 𝗥𝗘𝗟𝗘𝗔𝗦𝗘𝗗 𝗔𝗦 𝗙𝗔𝗦𝗧 𝗔𝗦 𝗧𝗛𝗥𝗘𝗘 𝗗𝗔𝗬𝗦

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026 on May 19, 2026, prescribing new guidelines to simplify the process for closing businesses and cancelling tax registration, as part of the implementation of Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act.”

“This is our ‘Ease of Closing Business’ reform,” Commissioner Charlito Martin R. Mendoza said. “In line with President Ferdinand R. Marcos Jr.’s directive to make government services faster, better, and more responsive, and Finance Secretary Frederick D. Go’s push to make tax administration more investor-friendly and business-friendly, the BIR is making it easier for taxpayers who have already ceased operations to properly close their business and cancel their registration.”

“From improving the ease of doing business and the ease of paying taxes, this reform completes the BIR’s support for businesses through every stage of the business life cycle. If we make it easier to start and operate a business, then the government must also make it easier to properly close BIR registration once operations have already ceased,” he added.

Under RMC No. 47-2026, taxpayers who have already ceased operations may now apply for the closure or cancellation of their registration, either manually or electronically, through the Revenue District Office where their head office or branch is registered.

The Circular simplifies and standardizes documentary requirements. Together with the application form and the surrender of original BIR registration documents and permits previously issued to the business, taxpayers will only be required to submit two other document sets for closure: the list of ending inventory of goods and supplies, including capital goods for VAT-registered taxpayers, and the unused invoices, supplementary documents, and other unutilized accounting forms, together with their inventory.

Under the new guidelines, penalties for non-filing of tax returns shall no longer accrue once the taxpayer submits the complete documentary requirements for the closure or cancellation of registration. To prevent the further accumulation of open cases, the taxpayer’s registered form types shall likewise be placed under “deregistered” status upon submission of the complete requirements. Filing an application for the closure or cancellation of registration, however, does not preclude the Bureau from conducting an audit to determine any outstanding tax liabilities.

In addition, micro taxpayers shall not be subject to mandatory audit for closure and/or cancellation of business registration. Hence, tax clearances will be issued within three (3) working days from submission of complete documentary requirements for those with no open cases or outstanding liabilities. For micro taxpayers with open cases, tax clearance will be issued within three (3) working days from the submission of the complete documentary requirements and the payment of outstanding liabilities, including penalties.

Commissioner Mendoza encouraged taxpayers who have already ceased operations to avail themselves of the streamlined process to avoid the continued accumulation of penalties and to properly update their registration records with the Bureau.

Read the full RMC here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2047-2026.pdf

🚨 VOID LOA! 😱

This is our 9-page template of protest letter to invalidate the BIR LOA. Get your copy now by watching our ATC Video below today ⬇️🔥😎

TAXPAYERS: DO THIS to cancel your BIR LOA now! 😲
https://youtu.be/FmgqyOcTgE0

In this ATC Video, we will teach you how to cancel the BIR Letter of Authority issued to your company without proper authorization 😲

BE EDUCATED. BE EMPOWERED 😇

WE’RE HIRING! 📢

HKCASI & YOYO are looking for a dedicated Accounting Manager to join our growing team!

If you are passionate about numbers, detail-oriented, and ready to grow with a dynamic company—this opportunity is for you.

✨ Position: Accounting Manager & Liason Officer
📍 Location: Obrero Office and Ponciano Office
🕒 Work Schedule: Full-time, Monday to Friday

Join us and be part of a team that values excellence, integrity, and growth.

📩 Apply now: [email protected]

Tag someone who might be interested or share this opportunity! 🚀

Good News Accountant! 🔥🚀

Pinalawig natin ang deadline ng filing ng 2025 Annual Income Tax Returns mula April 15 hanggang May 15, 2026. Mas may oras ang bawat taxpayer na makapag-file nang maayos, kasama ang lahat ng kailangang dokumento, at walang ipapataw na penalties.

Maaaring mag-file at magbayad sa pamamagitan ng BIR electronic platforms, o sa mga Authorized Agent Banks.

Ginawa natin ito para mas magaan ang pagbabayad ng bawat Pilipino, lalo na sa panahong ramdam ang pagtaas ng presyo ng langis. Tuloy-tuloy ang ating ginagawa para maibsan ang bigat sa araw-araw na buhay ng ating mga kababayan.

BIR audits are changing!

The new Single-Instance Audit Framework limits taxpayers to one audit per year, enhances transparency, and protects your rights. Stay informed and audit-ready.

Read more here: https://www.rappler.com/business/ask-the-tax-whiz-things-to-know-bir-single-instance-audit-framework/

LOA information 🙋🌇