Calvo-Romulo Accounting and Auditing Services

📢 Office Hours Update
Please be guided that effective Monday, January 5, 2026, our office hours will be as follows:

🕘 Monday–Friday: 8:30 AM – 6:00 PM
🕘 Saturday: 9:00 AM – 2:30 PM
🍽 Lunch Break: 12:00 NN – 1:30 PM

Thank you for your continued trust and cooperation.
— Calvo-Romulo & Co., CPAs

Kickstart your accounting journey with us! 📊✨

Our Firm is now OPEN FOR INTERNSHIP.
Gain hands-on experience, learn from seasoned professionals, and build a strong foundation for your accounting career.

📩 Interested applicants may submit their Letter of Intent (LOI) to:
[email protected]

Take the first step toward your future in accounting today.

𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧, 𝐃𝐚𝐯𝐚𝐨 𝐂𝐢𝐭𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫𝐬!

Here is the schedule of the 2026 One-Stop Shop for the Renewal of Mayor’s Permit.

Processing Locations:
• SP Building (Poblacion District)
• Almendras Gym (Talomo & Agdao Districts)
• Gaisano Grand Citygate Mall (Buhangin District)
• Calinan Gym (Calinan District)
• District Treasury Offices in Baguio, Marilog, Tugbok, Toril, Bunawan, and Paquibato

Renewing your business permit doesn’t have to be a hassle. While you focus on growing your business, we take care of the renewals—handling the paperwork, requirements, and deadlines for you.

Smooth process. Less stress. More time for what matters 💯

Call us now!

Grateful for the opportunity to serve as a resource speaker on Accounting and BIR Tax Compliance and for this recognition from Tagum Global Medical Center.

We remain committed to helping businesses navigate tax rules with confidence.
Need help with bookkeeping, auditing, or BIR requirements? We’ve got you covered.

Send us a message today—let’s grow your business the compliant way. 💼📝

Kickstart your accounting career! We’re looking for passionate Accounting Associates to join our team. Apply now and begin your journey with us in 2026.

BIR Tax Deadline

November 30, 2025 Sunday

SUBMISSION
Proof of eFiled BIR Form 1702 – RT/EX/MX with Audited Financial Statements (AFS), 1709 (if applicable), and Other Attachments through Electronic Audited Financial Statements (eAFS) or Manually. Fiscal Year ending July 31, 2025
Soft Copy of the Computerized Books of Accounts and Other Accounting Records. Fiscal Year ending October 31, 2025
Soft Copies of Inventory List and Schedules stored and saved in DVD-R/USB properly labeled together with Notarized Sworn Declaration. Fiscal Year ending October 31, 2025

e-SUBMISSION
Quarterly Summary List of Sales/Purchases/Importations by a VAT Registered Taxpayers - eFPS Filers. Fiscal Quarter ending October 31, 2025

ONLINE REGISTRATION (Thru ORUS)
Computerized Books of Accounts and Other Accounting Records. Fiscal Year ending October 31, 2025

Deadlines which fall on Weekends, Holidays and Non-Working days shall automatically be moved to the next working day.

DOLE Update: 𝐋𝐚𝐛𝐨𝐫 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐍𝐨. 𝟏𝟔, 𝐒𝐞𝐫𝐢𝐞𝐬 𝐨𝐟 𝟐𝟎𝟐𝟓 - 𝐆𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐡𝐢𝐫𝐭𝐞𝐞𝐧𝐭𝐡-𝐌𝐨𝐧𝐭𝐡 𝐏𝐚𝐲

DOLE Update: “Sa inilabas na 𝗟𝗮𝗯𝗼𝗿 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 𝗡𝗼. 𝟭𝟳-𝟮𝟱, pinaalalahanan ng Department of Labor and Employment - DOLE ang mga employer na bayaran ang kanilang manggagawa ng tamang pasahod sa 08 Disyembre 2025 (Feast of the Immaculate Conception of Mary), 24 Disyembre 2025 (Christmas Eve), 25 Disyembre 2025 (Christmas Day), 30 Disyembre 2025 (Rizal Day), at 31 Disyembre 2025 (Last Day of the Year).

𝗦𝗽𝗲𝗰𝗶𝗮𝗹 (𝗡𝗼𝗻-𝗪𝗼𝗿𝗸𝗶𝗻𝗴) 𝗗𝗮𝘆𝘀

𝟬𝟴 𝗗𝗶𝘀𝘆𝗲𝗺𝗯𝗿𝗲 𝟮𝟬𝟮𝟱 (Feast of the Immaculate Conception of Mary), 𝟮𝟰 𝗗𝗶𝘀𝘆𝗲𝗺𝗯𝗿𝗲 𝟮𝟬𝟮𝟱 (Christmas Eve), 𝟯𝟭 𝗗𝗶𝘀𝘆𝗲𝗺𝗯𝗿𝗲 𝟮𝟬𝟮𝟱 (Last Day of the Year)

Ipinatutupad ang no work, no pay sa isang special (non-working) day, maliban na lamang kung ang kumpanya ay may polisiya o collective bargaining agreement (CBA) na nagbibigay ng sahod para sa nasabing araw.

Samantala, ang empleyado na magtatrabaho sa special (non-working) day ay babayaran ng karagdagang 30 porsiyento ng kanyang arawang sahod sa unang walong oras ng kanyang trabaho, habang ang empleyado na nag-overtime ay makakatanggap ng karagdagang 30 porsiyento ng kanyang orasang kita sa nasabing araw.

𝗥𝗲𝗴𝘂𝗹𝗮𝗿 𝗛𝗼𝗹𝗶𝗱𝗮𝘆𝘀

𝟮𝟱 𝗗𝗶𝘀𝘆𝗲𝗺𝗯𝗿𝗲 𝟮𝟬𝟮𝟱 (Christmas Day) at 𝟯𝟬 𝗗𝗶𝘀𝘆𝗲𝗺𝗯𝗿𝗲 𝟮𝟬𝟮𝟱 (Rizal Day)

Upang ang empleyado ay makatanggap ng 100% ng kaniyang arawang sahod (basic wage x 100%) sa araw na ito, siya ay dapat pumasok o naka-paid leave sa huling araw ng trabaho bago ang nakatakdang regular holiday.”

BIR suspends issuance of LOAs and Mission Orders effectice immediately.

𝐁𝐈𝐑 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐞𝐫 𝐌𝐞𝐧𝐝𝐨𝐳𝐚 𝐨𝐫𝐝𝐞𝐫𝐬 𝐭𝐡𝐞 𝐭𝐞𝐦𝐩𝐨𝐫𝐚𝐫𝐲 𝐬𝐮𝐬𝐩𝐞𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐋𝐞𝐭𝐭𝐞𝐫𝐬 𝐨𝐟 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲, 𝐌𝐢𝐬𝐬𝐢𝐨𝐧 𝐎𝐫𝐝𝐞𝐫𝐬, 𝐚𝐧𝐝 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐟𝐢𝐞𝐥𝐝 𝐚𝐮𝐝𝐢𝐭𝐬

In a joint announcement at the Department of Finance today, Finance Secretary Frederick Go and Bureau of Internal Revenue Commissioner Charlito Mendoza announced the immediate and temporary suspension of all field audits and related operations of the BIR.

“I have ordered the immediate suspension of all field audits and related operations, including the issuance of Letters of Authority and Mission Orders, effective immediately, in accordance with Revenue Memorandum Circular 107-2025. No Letter of Authority or Mission Order shall be created, printed, signed, or served during the suspension period,” detailed Commissioner Mendoza.

In his first week in office, Commissioner Mendoza convened key units of the Bureau of Internal Revenue to gain a thorough understanding of existing audit operations and to identify long-standing issues that have affected taxpayer experience and internal discipline. The suspension was issued after extensive internal consultations and was undertaken with the guidance and strategic oversight of Finance Secretary Frederick Go to ensure full alignment with national priorities on good governance, taxpayer protection, and efficient revenue administration.

“This is in response to the concerns raised by the taxpayers regarding the issuance of Letters of Authority and Mission Orders. We hear the people, we hear your concerns, and are immediately acting on them. The people deserve better,” said Secretary Go, emphasizing that the Department of Finance is committed to protecting taxpayers from potential abuse through a comprehensive review of our existing policies and procedures.

The temporary suspension applies to all BIR offices involved in audit and field operations, including the Large Taxpayers Service, Revenue Regions and District Offices, Assessment Divisions, VAT Audit Units, and Intelligence and Special Audit Units. The exceptions to RMC 107-2025 apply only to urgent or legally mandated cases such as active criminal investigations, one-time transactions, audits prescribing within six months, refund claims that require audits, or immediate action on taxpayers flagged by verified intelligence.

“This suspension is necessary to protect taxpayer rights, strengthen internal discipline, and ensure the integrity of our audit processes. We take every complaint seriously, and any misuse of authority, harassment, or irregularity has no place in the Bureau,” Commissioner Mendoza emphasized.

“All taxpayers shall be treated with the highest degree of professionalism, courtesy, and adherence to the rule of law. Our economy is built upon the contributions of our taxpayers, who deserve fair and honest tax audits,” explained Secretary Go.

Commissioner Mendoza also instructed the creation of a Technical Working Group on LOA and Mission Order Integrity and Audit Reforms to lead the reform efforts. The group is tasked with evaluating existing procedures, identifying operational and systemic vulnerabilities, recommending revised LOA protocols, and integrating digital safeguards and uniform audit standards.

“Our goal is to create processes that are predictable, evidence-based, technology-driven, and fair,” explained Commissioner Mendoza, reiterating that these systems are meant to protect taxpayers while helping the Bureau perform its mandate efficiently.

“I cannot overemphasize President Ferdinand Marcos, Jr.’s directive for the BIR to continue meeting revenue targets while strengthening service delivery for workers, small business owners, and all taxpayers who rely on predictable and transparent audit processes. The overarching directive of the President when I assumed office is to ensure efficient and fair revenue collections,” Commissioner Mendoza said to end the joint announcement.

RMC No. 107-2025: https://tinyurl.com/bdynx69h

The SEC has formally put forward a recommendation to raise the threshold for requiring submission of audited financial statements (AFS) for corporations. Currently the threshold is assets or liabilities of ₱600,000. The new proposed threshold is ₱3 million in total assets or total liabilities.

Under the proposal: corporations with assets or liabilities below ₱3 million would be allowed to submit unaudited financial statements (certified under oath by the treasurer / CFO) instead of the full audit. The proposal is scheduled to apply for fiscal years ending 31 December 2025 onwards, pending final approval from the Department of Finance.

📢 On behalf of our client, we are posting this job opportunity: Hiring 4 Accounting Staff — preferably female, graduate of any accounting-related business course, and willing to be assigned in Toril, Davao City. Client is engaged in the Printing industry.

👉 Interested applicants may send us a message for details!

If you miss a tax payment, fines, surcharges and compromise penalties will surely be accounted and eventually collected.

A reminder to file and pay your tax on time 🙂

ctto Peso Weekly