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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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 […]
There are many accounting terms that only accountants sharing the same language understand. But what exactly is double entry accounting? Although this term applies to accounting alone, the mention of double entry makes it quite self-explanatory. Nevertheless, it is a good thing to know what double entry means in the awesome world of numbers. Doubly […]
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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Tax payments by companies, now more than ever, have been made easy with BIR’s Computerized Accounting System or CAS. This has already been a requirement by the Bureau of Internal Revenue (BIR) mandated to all large taxpayers in the Philippines to utilize for a more secure, accurate, proficient and reliable tax audits. An online accounting […]
Read More… from BIR Computerized Accounting System Requirements
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