Lou Butas, Certified Public Accountant

Sample Journal Entries 👇
✅ Starting Capital
✅ Equipment purchase
✅ Purchases on account
✅ Cash Sales / Revenue
✅ Expenses paid in cash

#𝒷𝑜𝑜𝓀𝓀𝑒𝑒𝓅𝒾𝓃𝑔

Heads up, kataxpayers!

Reminder to file the following tax returns due this September 2026 on or before the indicated dates:

For the Month of August 2026

📍 BIR Form 1601-C – Monthly Remittance Return of Income Taxes Withheld on Compensation

📍 BIR Form 0619-E - Monthly Remittance Form of Creditable Income Taxes Withheld-Expanded

📍BIR Form 0619-F - Monthly Remittance Form of Final Income Taxes Withheld

Deadlines for Non-eFPS and eFPS Filers (Based on Group Classification) are as follows:
Group A - September 15
Group B - September 14
Group C - September 13
Group D - September 12
Group E - September 11
Non-eFPS Filers - September 10

📍Avoid penalties by filing on time.🎯

Refer to this link for the complete schedule of tax deadlines:
https://www.bir.gov.ph/tax-reminder

For more tax deadlines and tax updates, please like and follow👍

If you need help with your tax filing 🗄️
📞0947 272 1779
📧 [email protected]

May these BER months be kinder to our pockets. 🙏

Claiming more income, better opportunities, paid bills, growing savings, and financial peace for all of us. ✨

No more stressing over every peso. No more barely making ends meet. May our wallets stay full, our bills paid, and unexpected blessings keep finding us.✨

Let's help one another, comment the name of your business and promote your business here 👇

𝗕𝗜𝗥 𝗥𝗢𝗟𝗟𝗦 𝗢𝗨𝗧 𝗡𝗘𝗪 𝗔𝗨𝗗𝗜𝗧 𝗣𝗥𝗢𝗚𝗥𝗔𝗠, 𝗦𝗧𝗥𝗘𝗡𝗚𝗧𝗛𝗘𝗡𝗦 𝗥𝗜𝗦𝗞-𝗕𝗔𝗦𝗘𝗗 𝗔𝗨𝗗𝗜𝗧𝗦 𝗔𝗡𝗗 𝗔𝗖𝗖𝗢𝗨𝗡𝗧𝗔𝗕𝗜𝗟𝗜𝗧𝗬

The Bureau of Internal Revenue (BIR), under Commissioner Charlito Martin R. Mendoza, has released the new BIR Audit Program, further institutionalizing its audit reforms under a uniform nationwide audit framework for risk-based taxpayer selection, standardized audit procedures, and stronger accountability.

Under Revenue Memorandum Order (RMO) No. 22-2026, signed by Mendoza and issued on August 24, 2026, the BIR consolidated its previous audit programs and built on the reforms introduced under RMO No. 1-2026 earlier this year, establishing uniform policies, guidelines, and procedures for tax audits across investigating offices nationwide.

“This new BIR Audit Program strengthens both sides of the process—fairness for taxpayers and accountability within the BIR. Audits must follow clear rules and proper procedures, and our revenue officers must be able to support the assessments they issue with facts and law,” Commissioner Mendoza said.

For taxpayers, the new BIR Audit Program reinforces the Single-Instance Audit Framework, generally limiting audit authority to one electronic Letter of Authority per taxpayer per taxable year, subject to specified exceptions. Audits are also limited to the tax types and taxable period covered by the authority issued.

For Priority Cases, taxpayers are selected through system-assisted, risk-based processes using verifiable data. To reduce discretion, taxpayer identities are kept anonymized during selection and assignment, as far as practicable, while workload and eligibility controls govern case distribution.

The Program also provides separate rules for Mandatory Cases and institutionalizes the Revalida or “Audit of Auditors,” under which audit reports and assessments may undergo technical and quality review to determine whether findings are supported by facts and law and whether due process was observed.

Revenue officers and officials must follow prescribed audit procedures, timelines, documentation, and monitoring requirements. Unauthorized audits, improper case classification, unjustified delays, and other violations may result in administrative sanctions and other liabilities under existing laws and rules.

The strengthened audit framework advances the BIR DARES agenda on Audit Reform and Accountability and Digital and Data Transformation. It also supports the Bureau’s broader taxpayer-centric approach by using data and clearer controls to focus audit resources on higher-risk cases while strengthening safeguards for taxpayers.

The reforms support President Ferdinand R. Marcos Jr.’s direction to restore trust in government and improve public service, and Finance Secretary Frederick D. Go’s drive to improve the ease of doing business by making government processes more predictable and reducing unnecessary uncertainty for taxpayers and investors.

“When we began our comprehensive audit reforms at the start of the year, we committed to clearer rules, stronger safeguards, and greater accountability in the conduct of audits. This new BIR Audit Program delivers on that commitment and advances our taxpayer-centric approach to tax administration. Fair treatment of taxpayers and firm enforcement of the tax laws have to go together. A credible audit system requires both,” Commissioner Mendoza said.

Read the full Revenue Memorandum Order here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMO%20No.%2022-2026_redacted.pdf

📍 Simple Business Tips kataxpayers ✨

Mixing personal and business finances is a one-way ticket to accounting hell.

Commingling funds makes it impossible to accurately track your true operational cash flow.

Maintain strict separation from day one to ensure clean books and clear financial visibility.

Avail my offer on on one online bookkeeping tutorial with a free tax planning and consultation ✨

To avail send me a DM 👇
📞0947 272 1779



#𝒷𝑜𝑜𝓀𝓀𝑒𝑒𝓅𝒾𝓃𝑔

💰 **BUSY KA SA BUSINESS.

PERO ALAM MO BA KUNG SAAN NAPUPUNTA ANG PERA MO?**

Running a business isn’t just about making sales.

**You need to understand your numbers.**

I help business owners keep their financial records organized, stay compliant, and make better decisions through reliable 👇

**accounting, bookkeeping, and tax compliance support.**

Because when your numbers are clear, **your business decisions become smarter.**

📩 Ready to take control of your business finances?

**Message me today.**
📞0947 272 1779

Know Your Numbers.
Grow Your Business.✨






#𝒷𝑜𝑜𝓀𝓀𝑒𝑒𝓅𝒾𝓃𝑔

GOOD MORNING ACCOUNTANTS! 📊☀️

A new day means new numbers to reconcile, new transactions to record, new reports to prepare, and new financial decisions to support.

Remember, an accountant is not just someone who works with numbers.

An accountant helps businesses understand where the money is coming from, where it is going, and whether the business is financially healthy.

Today, may your debits balance, credits agree, reconciliations clear, spreadsheets cooperate, and variances make sense. 😂📈

Go into today with accuracy, integrity, and confidence.

Good morning, fellow accountants! 💼📊

What is the first accounting task on your desk today?

Here's mine 👇

#𝒷𝑜𝑜𝓀𝓀𝑒𝑒𝓅𝒾𝓃𝑔

Hello September 💓

August has been tough.

Let this month, be better🙏