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office-employees

How to compute taxable and non-taxable bonuses in the Philippines

Most income is taxable, especially when you earned it during employment. In the same way, you generally have to pay tax on income derived from selling goods or providing services for. Payroll services are fully aware that there are taxable incomes with a certain threshold for tax considering time and attendance. But not all have […]

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financial-statements

How important are Financial Statements?

The numbers in the financial statement may be intricate and confusing, but whether you like it or not, financial statements are the lifeblood of a company. It shows pertinent information sizing up a company’s worth, income and expense, cash flow, expense tracing as well as profitability.  Additionally, it helps shareholders including investors and financial analysts […]

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accounting-and-bookkeeping

Common Accounting and Bookkeeping Practices in the Philippines

Accounting and bookkeeping practices vary in every country. But as a whole, the accounting services generally includes auditing, accounting, bookkeeping and related services. There is Public Accounting which consists of the audit and review function that acts as the check and balance of a company’s financial status. Then there is Management Accounting. This is another […]

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