Four Angels Accounting and Bookkeeping Services

The Bureau of Internal Revenue has recently issued Revenue Memorandum Circular (RMC) No. 47-2026 prescribing the simplified and streamlined guidelines for the closure and cancellation of business registrations.

• The guidelines apply to all business taxpayers registered with the BIR who have permanently ceased business operations.
• This covers individuals, non-individuals, estates, trusts, and government entities across all business classifications (Micro, Small, Medium, or Large).
• Applications must be submitted to the Revenue District Office (RDO) where the business is registered.
• Taxpayers can file electronically through the BIR's official email, TRRA Portal, or ORUS, or they can file manually at the RDO.
• Certain documents, specifically unused invoices and original BIR permits, must be submitted manually.
• Authorized representatives must provide proper documentation, such as a Special Power of Attorney for individuals or a Board Resolution for non-individuals, along with valid IDs.
• Taxpayers must file all final or short-period tax returns up to the date of closure and pay the corresponding taxes.
• If there was no business activity, the taxpayer is required to file zero returns.
• Penalties for non-filing of returns will stop accruing once the complete documentary requirements are submitted.
• Taxpayers who cease operations without formally applying for closure will remain liable for all ongoing tax obligations and penalties.
• Micro taxpayers are not subject to a mandatory audit for the cancellation of their business registration.
• A Tax Clearance will be issued to qualifying micro taxpayers within three working days if they have no open cases or after they pay any outstanding liabilities.
• Taxpayers with gross sales exceeding P3,000,000.00, gross assets exceeding P8,000,000.00, or a pending Letter of Authority will only receive their clearance after their audit is formally terminated.

Source: BIR website

To all our staff:

Enjoy a refreshing long vacation before and during Holy Week 2026, balancing well-deserved rest with meaningful reflection. Whether traveling or staying home, take this time to reconnect with family, pray, and recharge. Safe travels, and may this break bring peace, renewal, and a, blessed, safe experience for you and your loved ones.

You deserved a break! :) god bless you all. 🙏⛪️⛪️

Hi mga Ka-Nova!

Revenue Memorandum Circular (RMC) No. 20-2026, "Guidelines in the Filing of Annual Income Tax Returns and Payment of Corresponding Taxes Due Thereon for Calendar Year 2025" has been issued by the National Office.

For your information and guidance.

On behalf of FOUR ANGELS VAN RENTAL, We wanted to let you know about an upcoming change to our transport services rates. After careful consideration, we are implementing a price increase effective March 16, 2026.

For years we have been committed to providing you with high-quality of services at a competitive price. Due to high spike of fuel we have adjusted our prices to ensure we can maintain the level of quality services you have come to expect from us.

We deeply express our appreciation for your business and understanding. Our commitment to providing you with an exceptional experience remains our highest priority. If you have any questions, please don’t hesitate to reach out to our team. God bless you all!

Warm regards,

The management
Four Angels Van Rental Services

Four Angels Accounting and Bookkeeping Services

SEC Notice: REQUESTS FOR MONITORING CLEARANCE FOR CORPORATIONS WITH INTENDED APPLICATIONS BEFORE THE FINANCIAL ANALYSIS AND AUDIT DEPARTMENT SHALL NOW BE FILED THROUGH eWATCH.

The Securities and Exchange Commission (SEC) has announced a transitional arrangement for corporations with urgent filing needs that are still in the process of setting up or restoring access to their eSECURE accounts.

Corporations may temporarily submit their General Information Sheet (GIS) through the Electronic Filing and Submission Tool (eFAST) utilizing the 2020 version of the GIS form. This accommodation allows entities to comply with reportorial requirements while completing access arrangements for the HARBOR system.

The 2020 Version of the GIS Form can be downloaded from the SEC website at https://bit.ly/2020GISForms.

Key Dates and Future Requirements:

• This transitional arrangement will remain available until April 15, 2026.

• After April 15, 2026, the Commission will require the use of the 2026 Version of the GIS Form.

• Under the 2026 version, corporations must submit their beneficial ownership declarations through HARBOR.

Source: SEC website

The Bureau of Internal Revenue (BIR) adopts a 4-day on-site and 1-day work-from-home arrangement effective Monday, March 9, as part of government energy conservation measures amid rising global oil prices.

Under Revenue Memorandum Order No. 007-2026, BIR personnel will report on-site from Monday to Thursday, while work-from-home arrangements will be implemented every Friday.

Frontline services under the Large Taxpayers Service, the Regional Offices, and the Revenue District Offices will remain operational on Fridays, with appropriate staffing arrangements to ensure the uninterrupted delivery of taxpayer services such as taxpayer registration, filing, payment assistance, and inquiries.

This is in line with the directive of President Ferdinand R. Marcos Jr. for government agencies to reduce electricity and fuel consumption by 10% to 20%.

The BIR will also implement additional energy-saving measures across offices, including reduced electricity use, fuel-efficient vehicle operations, and expanded use of digital services.

Repost!!
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Let’s clarify…

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗮𝘅 𝗺𝗮𝗽𝗽𝗶𝗻𝗴?

Ito yung 𝘀𝘂𝗿𝗽𝗿𝗶𝘀𝗲 𝘃𝗶𝘀𝗶𝘁 ni BIR sa place of business mo, usually 𝘁𝘄𝗶𝗰𝗲 𝗮 𝘆𝗲𝗮𝗿 per area.

Random to… 𝗪𝗔𝗟𝗔𝗡𝗚 𝗙𝗜𝗫𝗘𝗗 𝗦𝗖𝗛𝗘𝗗𝗨𝗟𝗘.

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At yes, 𝗺𝗮𝘆 𝗺𝗴𝗮 𝗼𝗻𝗹𝗶𝗻𝗲 𝘀𝗲𝗹𝗹𝗲𝗿𝘀 𝗻𝗮 𝗻𝗮𝘁𝗮𝘅 𝗺𝗮𝗽 𝗻𝗮 based sa feedback na nare-receive ko.

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𝗞𝗮𝗽𝗮𝗴 𝗻𝗮-𝘁𝗮𝘅 𝗺𝗮𝗽 𝗸𝗮, 𝘁𝗮𝘁𝗹𝗼𝗻𝗴 𝗯𝗮𝗴𝗮𝘆 𝗹𝗮𝗻𝗴 𝗮𝗻𝗴 𝘁𝗶𝗻𝗶𝘁𝗶𝗻𝗴𝗻𝗮𝗻 𝗻𝗶𝗹𝗮: (𝗕.𝗜.𝗥.)

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𝟭. 𝗕𝗼𝗼𝗸𝘀

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Registered ba yung books?

Updated ba at least until kahapon.

Commonly hinahanap nila 𝗖𝗮𝘀𝗵 𝗥𝗲𝗰𝗲𝗶𝗽𝘁𝘀 𝗕𝗼𝗼𝗸, pero yung iba, tsini-check lahat.

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Important:

Books must be at the place of business, hindi nasa bookkeeper.

Kung wala sayo… may penalty for failure to keep books at the place of business.

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𝟮. 𝗜𝗻𝘃𝗼𝗶𝗰𝗲

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Nag i-issue ka ba?

May ATP ba?

Updated ba?

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𝟯. 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻

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May COR?

May Notice to issue invoice?

Naka-display ba?

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𝗪𝗵𝗮𝘁 𝗧𝗵𝗲𝘆 𝗖𝗔𝗡𝗡𝗢𝗧 𝗱𝗼

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They cannot audit your tax returns.

They cannot question entries in your books if tama or mali.

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Iba ang 𝘁𝗮𝘅 𝗺𝗮𝗽𝗽𝗶𝗻𝗴 sa 𝗕𝗜𝗥 𝗮𝘂𝗱𝗶𝘁.

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Focus lang sila sa:

✔ updated books

✔ updated invoices

✔ proper registration display

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Tax mappers are not BIR auditors.

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𝗬𝗼𝘂𝗿 𝗥𝗶𝗴𝗵𝘁𝘀 𝗱𝘂𝗿𝗶𝗻𝗴 𝗮 𝘁𝗮𝘅 𝗺𝗮𝗽𝗽𝗶𝗻𝗴...

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Before ka magbigay ng kahit ano, check mo muna:

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✔ BIR ID

✔ Proper uniform

✔ Mission Order (basahin mo)

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If kulang kahit isa…

𝗱𝗼 𝗻𝗼𝘁 𝗲𝗻𝗴𝗮𝗴𝗲.

You can respectfully decline, and if they insist, tawag ng pulis for help.

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Kung updated ka sa Books, Invoice, Registration…

Wala kang dapat ikatakot.

Smooth lang ang tax mapping.

Tandaan mo lang yung acronym na B.I.R

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Parang checkpoint lang ng LTO, kung may lisensya ka, updated registration ng sasakyan, at wala kang violation, makakapag drive ka ng maayos.

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Reshared...

❤️ CHINESE NEW YEAR REALIZATION NG MGA ACCOUNTANT ❤️
(Love, Luck, and Ledger Balance)

Sabi nila, Chinese New Year daw ang panahon ng swerte sa pag-ibig.
Pero bilang accountant… alam natin ang totoo. 😌

Hindi swerte ang relationship — investment yan.
Hindi sapat ang attraction, kailangan may:
- Proper communication (like proper disclosure)
- Trust (audited, walang concealment)
- Commitment (long-term liability 😅)

Sa love, parang accounting din…
Kapag puro ka lang give, tapos walang return —
expense na yan, hindi na asset.

Kapag may effort pero walang appreciation —
impairment na yan.

Kapag paulit-ulit ang problema —
recurring adjustment entry na yan.

At tandaan…
Hindi lahat ng mukhang valuable, may real value.
Minsan mataas lang ang presentation, pero walang substance.

Accountants know:
Substance over form.

❤️ This Chinese New Year…
Hanapin mo yung taong:
- Hindi ka tine-take for granted
- Hindi ka ginagawang contingency account
- At hindi nawawala kapag audit season na ng buhay.

Yung pipiliin kang maging permanent account,
hindi temporary entry lang.

🧧 Gong Xi Fa Cai!
Nawa’y maging balanced ang puso mo,
at wala nang adjustment sa relationship mo this year. 😉

— The Accountant

The Bureau of Internal Revenue (BIR) has issued the following orders and circulars relative to the lifting the suspension of all tax audit and field operations previously imposed under RMC No. 107-2025.

👉 Revenue Memorandum Order (RMO) No. 1-2026

RMO No. 1-2026 prescribes the revised policies and procedures for tax audits following the lifting of the suspension previously imposed under RMC No. 107-2025.

Key highlights of the new guidelines include:

・Single-Instance Audit Framework: As a general rule, taxpayers will be subject to only one Electronic Letter of Authority (eLA) for a given taxable year, covering all applicable internal revenue tax types, including Value-Added Tax (VAT).

・Anonymized Selection and Assignment: To reduce discretion-related risks, the BIR is implementing an anonymized process where taxpayer identities remain concealed during the initial selection and officer assignment phases.

・Mandatory Audit Labels: Audit instruments must prominently display specific labels defining their scope: "Full Examination" for eLAs, "Limited Authority" for Mission Orders (MO), and "Limited Scope" for Tax Verification Notices (TVN).

・Standardized Audit Checklists: Revenue Officers are now required to use a standardized checklist of documents for all audits to minimize repetitive requests and ensure transparency.

・Integration of Task Forces: Audit functions previously performed by specialized task forces, such as the Run After Fake Transactions (RAFT) Task Force, are concluded and absorbed by regular BIR offices to align with the new framework.

・System-Assisted Selection: The issuance of new eLAs will be governed by system-assisted taxpayer selection based on objective risk parameters and centralized approval by the Commissioner.

These reforms aim to institutionalize transparency, uphold due process, and promote accountability across the tax assessment process.

👉 Revenue Memorandum Circular (RMC) No. 8-2026

Effective immediately, the Bureau will resume the issuance of Electronic Letters of Authority (eLAs), Mission Orders, and Tax Verification Notices. The resumption also includes the continuation and completion of audit cases that were previously stayed.

All resumed field operations and assessments must now comply with the revised policies, controls, and procedures prescribed under RMO No. 1-2026. This move marks the conclusion of the review of audit processes and the implementation of new internal control mechanisms for the Bureau.

Source: BIR website