13/07/2026
The Securities and Exchange Commission (SEC) found a surge in quality management deficiencies among the nation’s largest accounting firms in its latest multiyear inspection cycle, even as individual corporate audits showed signs of improvement.
Read the full article in the comments section below.
02/06/2026
NEVER GIVE UP! ✨
Five attempts. Countless lessons. One sweet victory.
Marjorie Magpayo’s journey to becoming a Certified Public Accountant (CPA) proves that persistence, faith, and hard work truly pay off.
No matter how many times you fall, keep going—success is waiting for those who never give up! 🌟
"There were countless moments when I thought about giving up, convincing myself that maybe it just wasn’t for me. But every time I prayed, God reminded me why I started," Magpayo shared.
👉Read full story: tinyurl.com/MarjorieMagpayo
29/04/2026
RMC No. 036-2026
Availability of Offline Electronic Bureau of Internal Revenue Forms
(eBlRForms) Package Version 7.9.6.0.
The updated Offline eBlRForms Package v7.9.6.0 contains the following enhancements:
1. Inclusion of BIR Form No. 1701-MS August2024 [Annual Income Tax Return For Individuals Classified as MICRO or SMALL Taxpayers].
2. New Alphanumeric Tax Codes (ATCs) have been added in BIR Form No. 1601-EQ (ATC: WI840, WC840, WI850, WC850, WI860 and WC860).
3. Increase in character field length of Taxpayer Identification Number (TIN) Branch Code, from three (3) digits to five (5) digits branch code in all tax returns.
4. Updated tax rates, from 15% to 20%, in Schedule 1 for Foreign Currency Deposit based on the return period being filed in BIR Form No. 1602Qv2018.
5. Bug fixes for the following BIR Forms: 0619E, 1601FQ, 1604F, 1702Qv2018C, 1702EXv2018, 1702MXv2018C, 1707v2021, 2000-OT and 2551Qv2018.