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JhoyLkTian

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Posts posted by JhoyLkTian

    BIR Concerns

    in Money, Finance, Investments, Crypto, Stocks, Banking, Business, Loans

    Posted

    grabe! ang hirap mag-negosyo...ang EWT now is 15% na, Expanded Withholding Tax ata...imagine mo gano kalaki ang binabayaran ng mga negosyante sa BIR...bukod sa EWT na 'to, meron pang VAT, monthly, quarterly at annual...anong pang matitira nyan...

     

    EWT of 15-% are for professionals whose annual income exceeds P720,000. EWT is an advance form of tax payment on the part of self-employed individuals, professionals, brokers, and corporations falling under certain categories.

    BIR Concerns

    in Money, Finance, Investments, Crypto, Stocks, Banking, Business, Loans

    Posted

    Death and taxes are the two things certain in our life, according to B. Franklin. Our tax system is so much simpler than most others. While we have less than 300 articles, that of U.S. at one time had over 10,000.

     

    The major tax is on income and the next big one,  on the other hand is a tax on the consumption, VAT. Then, there are percentage taxes on various articles of commerce from fuel, beer, telephones, transport among others. Then there's the stamp tax on documents.

     

    Taxes are paid here in self-assessment basis which means you do your own comp*tation of your own  liability with the government reserving its right to audit you later. BIR is going towards advance collection of the tax due through withholding taxes. Withholding taxes may be final or creditable. For final withholding, no additional taxes need to be paid. While in case of creditable you may either add payment or even refund the taxes you have already paid.

     

    That's not even all the taxes collected by BIR and yet it is not only the BIR that collects taxes, the Bureau of Customs, the local government units from the barangays to the big cities get to have their piece of the pie.

     

    As in many other countries, most Filipinos resort to evasion in reducing tax liabilities but with the seemingly relentless efforts of the BIR and DOF against tax evasion and corruption, would be tax evaders should have a serious rethink.

     

    Yes I agree! But BIR and DOF should be more serious in their efforts and not only run after the low key persons but also the high profiles who have over the years been running away from their obligations.

     

    To add on, we also have Transfer Taxes such as Estates and Donors Taxes. These are levied on the transfers of properties from one person to another. A person in this case may either be juridical or natural.

    Job Openings & Opportunities

    in Human Resource and Employment Opportunities

    Posted

    An Computer Company based in Alabang, Muntinlupa urgently needs the following :

     

    1. Admin Assistant

    2. Accounting Clerk

     

    Profile requirements for both:

    1. Female, single or married

    2. With pleasing personality

    3. Work experience necessary

    4. Computer literacy, specially for Microsoft Excell a must

     

    Kindly send comprehensive resume and photo to this email address and state the position you are applying for on the Subject line.

     

    chubby4dimples0525@yahoo.com

     

    Please don't forget to place your contact number also!

     

    Thank you so much!

    Accountants\finance\auditors Etc.

    in Money, Finance, Investments, Crypto, Stocks, Banking, Business, Loans

    Posted

    mga tax people!

     

    i need your help.. I just want to ask kung san nakakakuha ng mga bir regulations, cta issuances and SC decisions for tax cases.. I had previous tax experience in one of the big firms before and i want to be updated sna ulit with the new issuances now that I am now in private practice..  Thanks!

     

    BIR has a website... where the regulations etc are placed and posted by year of issuances. The site is www.bir.gov.ph

     

    For seminars and updates you might want to call up TSRC (Tax Studies and Research Center). They conduct regular seminars and updates for a fee of course on Tax, Accounting, SEC etc matters. Just PM me if you want to get the phone number of TSRC. It's against MTC rules to post numbers here.

     

    Hope this help!

    Accountants\finance\auditors Etc.

    in Money, Finance, Investments, Crypto, Stocks, Banking, Business, Loans

    Posted

    hey pre may bagong development...nde na text msgs ang pinagiinitan ngayon...apparently madami ang nag react sa tax ng text...kaya ang pinagiinitan nila ngayon ay ang pag lagay ng tax sa softdrinks at non-artificial juices which is to me very anti poor simply because most of the people who are buying softdrinks and artificial juices are the poor people...kaya nga artificial kasi nde nila kaya bumili ng tunay na juices...anyway ganun talga kaya dapat sinusunog na ang mga lintek na nangungurakot sa govt...kasi sila ang dahilan kaya lumalaki ang deficit..e we all know that whenever there are growing deficit for sure there will be new taxes to be given to the poor Juan Dela Cruz...anyway...guys tanong ko lang pano ba mag bayad ng dues sa PICPA?? tska san ba pwedeng mag complain kapag ang binayaran kong subscription sa kanila ay walang dumating kahit isang issue?? salamas sa lahat at wag masyadong mandaya ng taxes...

    @blankface,

     

    grabe talaga. when will our law makers really do things right? it's a pity we have the best brains but ??????.

     

    just try to get in touch with picpa. please check the telephone directory for the numbers and they will gladly assist you.

    Accountants\finance\auditors Etc.

    in Money, Finance, Investments, Crypto, Stocks, Banking, Business, Loans

    Posted

    How's everyone on this thread?

     

    Just to point out my sentiments here. I just hope that we accountants or consultants realize the effects and rationale of these moves or motives.

     

    Congress is acting on a bill to tax TEXT MESSAGING. Their reason is to collect revenues for the government. Their basis is the millions of subscribers of at least three networks multiplied by the number of text messages sent by the minute. True that even on a P0.01 per text sent multiplied by the number of subscribers, by the number of days in a month and wella you have instant cash for the government. But don't they realize also that there is already a double or multiple taxation now that may occur if they pursue this? The networks are already charged VAT for such text messaging at the rate of 10-% whether it's for prepaid or post paid. Those who are post paid subscribers would be able to vouch for this and find these in their statements.

     

    Ironically, they have just made and passed a bill exempting DOCTORS & LAWYERS from VAT which is a 10-% business tax. Their reason is for the poor not to be burdened by the said levy. I have mentioned or discussed before in this same thread about my opinion regarding this. If they really want to be pro-poor then how come, groceries and restaurants where these same 'poor people' they identify are not exempt from VAT? To my mind and IMHO, the priviledge of the rich are still manifested in this move. Those that could lobby in Congress for removal of such VAT or taxes are those that have given priviledge to a few people and not for the common good. Sad, but this is the reality now.

     

    Then comes the bill from Congress, that they are thinking of taxing text messaging. Text messaging that has become an alternative means of communication for most people from all walks of life in our country. Where the landline facilities have not reached, text messages have done fast and in real time (with exceptions).

     

    My sentiments really. This is just MY HUMBLE OPINION. Thank you! :(

    Accountants\finance\auditors Etc.

    in Money, Finance, Investments, Crypto, Stocks, Banking, Business, Loans

    Posted · Edited by JhoyLkTian

    new cpa pero wla pa me work!!!!!!

    waaaaaaaaaaaa......

     

    help me namn mga bro and sis. bka may available sa inyo!!!

    Welcome ryanarjay!

     

    Finally you found this thread. Congrats again! Just PM me your qualifications or better please try to send me your bio through this email address. chubby4dimples0525@yahoo.com

     

    I'll try to ask some of our clients for opennings.

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