Calvo-Romulo Accounting and Auditing Services

Good news for payroll: the BIR raised several non-taxable de minimis benefit ceilings under RR No. 29-2025 — for example, monetized unused vacation leave for private employees went from 10 to 12 days.

Worth checking if your benefits policy reflects the new limits.

VAT registration isn't optional once you cross ₱3,000,000 in gross sales — and it's a rolling 12-month total, not a calendar-year cutoff. Most businesses find out they've crossed it after the fact, usually while reviewing the year's numbers, not in the moment it actually happened.

Full article in the comments 👇

Crossed ₱3,000,000 in gross sales or receipts over the past 12 months?

VAT registration isn't optional at that point — it's mandatory, and staying non-VAT past the threshold carries its own penalties.

Not sure where your business stands? Let's run the numbers.

Registering a business isn't just paperwork, it's the decision that quietly shapes everything after. BIR, SEC/DTI, and your LGU each ask a different question, and getting the sequence wrong (a mismatched name, the wrong RDO, a rushed structure decision) tends to surface later, usually at the worst possible time right before a loan application or a bank account opening.

Full article in the comments 👇

Thinking of starting a business?

Registration isn't just one form — it's BIR, SEC or DTI, and your LGU business permit, each with its own requirements and timeline.

We handle the paperwork so you can focus on actually running the business.

Every year, promising businesses close not because the product was bad, but because nobody ran the numbers before signing the lease. Rent doesn't care how your week went; it's due on the same date whether sales were great or slow.

Before you invest in a venture (or renew that lease), know your breakeven revenue, your cash flow runway, and what happens if costs rise. Full breakdown in the comments 👇

Still issuing an Official Receipt for a sale of goods or services?

Since 2024, the Invoice — not the OR — is your primary proof of sale under the EOPT Act. The OR now mainly backs up proof of payment.

Not sure if your current documents are compliant? Let's check.

📌 Heads up: BIR Form 1702Q (Corporate Quarterly ITR for Apr–Jun) is normally due Aug 29 — but that's a Saturday, and Aug 31 (Monday) is National Heroes Day. Between the two, the deadline moves to Tuesday, Sept 1.

A little extra time — let's use it well.

Did you know you can now file and pay your BIR taxes at any Authorized Agent Bank or Revenue District Office — not just the one where your business is registered? The EOPT Act's "File-and-Pay Anywhere" rule made compliance a lot more flexible.

"Do I still need to pay the ₱500 Annual Registration Fee every January?"

No — the Annual Registration Fee has been abolished under the EOPT Act. One less line item on your compliance checklist. Got a tax question? Drop it in the comments.