Accountants\finance\auditors Etc.

[aff1979]

Actually there's two kind of corruption

 

1st is greases money, more like pampadulas two quick up the process, like application, renewals and such.

 

now its up to you if you want go this route or just wait for the normal procees. basically to me this is find.

 

2nd is the one use by officials or people in power, were they use their privilige and authority to gain money, property and

 

wealth. Now this is basically wrong but if they can improve our society and our country in general, I don't see any reason

 

they should't be rewarded for their effort and success.

 

The big BUT is do they improve our country or not

[loafer]

Do you think BIR will accept an ITR on your interest income from the bank and Income from stock trading gains? I know all the taxes one earned from these transactions are withheld and no need to file a return but everytime I want to apply for a credit card, they always require a ITR to check my income status.

[jackbrng]

Do you think BIR will accept an ITR on your interest income from the bank and Income from stock trading gains? I know all the taxes one earned from these transactions are withheld and no need to file a return but everytime I want to apply for a credit card, they always require a ITR to check my income status.

 

Is this your only source of income (i.e. interest income and income from stocks)? you're right, these incomes are witheld at source and they are final withholding taxes meaning taxes withheld represent income taxes from these income. As per BIR Tax Code, di na kailangan ng ITR to report your income. Pero as per credit card application, may advise is request from the source of your income, like the bank, for a Certificate of Creditable Tax Withheld at Source, this was use in lieu of income tax return. This certificate reflect your income and tax withheld or paid.

 

If you had other source of income, you still need to prepare an ITR but excluding your income from interest and stock trading gains. Also you should not include expenses incur in relation to these 2 income sources.

[jackbrng]

hey!

 

i didn't think anyone noticed my comment there.

 

as with the other countries that are corrupt, yes johncastle, it takes two to tango. kung alang papatol, alang mag-aalok.

 

to disagree with jackbrng, i don't think people really intend to go corrupt on doing any business. it a matter of need.

 

that's why i am happy with what i do now, i get to stick with the ideals i have learned from school

 

:evil:

 

yeah you're right, they dont have intention to go corrupt and my remarks regarding this topic is not absolute. Although, yung mga baguhan sa trabaho sa gobyerno sa una walang intensyon pero may idea na sila sa kalakaran sa gobyerno at itong idea ang magiging foundation ng attitude nila sa trabaho.

 

come to think of it, mababa ang sahod sa gobyerno pero marami may gusto ang makapasok sa gobyerno at masaya sila pag nakapasok sila sa gobyerno dahil alam nila ang opportunity sa gobyerno. Itong opportunity ay hindi dahil sa dagdag sahod kung gagandahan nila ang trabaho kung hindi ay yung nakukuha sa ibang tao.

 

I dont think its a matter of need. Grease money did'nt always go to the needs of a person. It is always spend on their "luho". Why do rank and file employee, manage to support two families (may kabit sila!) Bakit naka SUV sila? Bakit nakaka-rubbing elbows mo sila sa BORA, sa ABROAD? Is this "THE NEED"? di ko nilalahat, im refering to the "ROTTEN ONES", nasasabit lang ang iba dahil sa sobrang dami na nila. Try to go to any government agency, randomly choose the staff you want to transact with, offer him/her money, I bet you, 80 to 90% ng makakausap mo tatanggapin offer mo.

 

Congrats and Good Luck! sana di maapektuhan ng nakapaligid sa yo ang mga ideals mo

Edited July 14, 2007 by jackbrng

[Guest Dobermaxx]

Hi guys, I need a freelance accountant/bookeeper for my office. Just someone who can come in twice a month to do the books and payroll. If you guys can recommend anyone i'd really appreciate it.

[kerrmit]

For the Second Time, an Auditor from Punongbayan & Araullo topped the worldwide CIA Exams.

 

Apple took the exams last May 2007.

 

Dutchess, our previous topper, took the exams last December 2005.

 

Wala pang 2 years, dalawa agad ang na-produce namin! :goatee:

 

It is really quite an achievement and a testament to the Firm's staunch support for its staff taking the exams. I just hope she wont go the way of Duchess who, after topping the exams, switched the last letter of her employer from P&A to P&_.

[black cat]

just to confirm:

 

is it true that as an individual taxpayer, i can use yung mga receipts ng mga purchases ko na taxable para mapababa ang tax ko every year?

 

You need to have a single proprietorship business to be able to take advantage of this. Otherwise, nope.. you can't use it. You can only deduct your personal and additional (if you have a qualified dependent) exemptions to your Earnings.

[mellowcat]

can anybody recommend an appropriate accounting system software for a financing company?

 

any opinion on quickbooks and peachtree?

 

thanks.

[b1gbeauty89]

can anybody recommend an appropriate accounting system software for a financing company?

 

any opinion on quickbooks and peachtree?

 

thanks.

 

 

hmm i have used this quickbooks before pero since american made ata ito yung ibang account titles nila for income and expense is yung gamit din sa kanila meaning di sya gaano adaptable sa pinas tapos yung peachtree is more of a trading or mechandising software like for inventory and the like just my sharing

[mellowcat]

would you know of some popular off the shelf accounting system software used locally for finance companies?

[bukn0y]

guys meron akong tanong nag tataka lang ako kasi parang sobrang laki ng tax na binabawas dito sa ofc namin.

 

how do you compute your tax if you are earning 50K a month and you are married with 1 dependent?

 

thank in advance.

[Bogs26c4u]

guys meron akong tanong nag tataka lang ako kasi parang sobrang laki ng tax na binabawas dito sa ofc namin.

 

how do you compute your tax if you are earning 50K a month and you are married with 1 dependent?

 

thank in advance.

 

There is a withholding tax table that tells you how much your take-home pay will be, depending on whether you're earning on a daily, weekly, semi-monthly, monthly basis - it shows how much will be withheld from your taxable income for a particular pay period. Theoretically - i.e., assuming your salary does not change during the year - when you multiply the amoutn withheld based on the said withholding tax table, you should end up with your annualized income tax due - i.e., no more additional income taxes due at the end of the year.

 

well basically, under the current tax rules, you have the following deductions from your gross taxable income:

 

-basic annual personal exemption of 50K

-for married or head of family, additional exemption of P 12.5K for each dependent, max of 4 dependents

-30K exemption for 13th month pay and/or other forms of salary/compensation income (if any)

-SSS, Philhealth etc.

 

For purposes of discussion, i'll assume the following:

 

-50K a month basic salary, including 13th month pay, but no other income or bonuses

-1 dependent

-No SSS/Philhealth deductions (just to simplify the computation)

-No de minimis or non-taxable compensation

 

So basically, your annual income tax will be computed like this:

 

Gross annual compensation P 650,000

30K exemption for 13th month pay (30,000)

25K personal exemption (25,000)

Additional exemption for dependents (12,500)

 

Net Taxable compensation P 582,500

 

Annual Income Tax (P 125K + 32% of excess over P 500,000) = P 151,400

 

Income Tax per payroll period (assuming monthly payroll) = P 12,616.67

 

HOpe this helps.

[scalpelsexpert]

Please help me in filing quarterly income tax (1701Q)

 

Kelangan ba babayaran ko na ang 2551M ng March (which is due in April 20) to inculde sa quarterly?

[sweetflipx23]

Finance student here. Pasali po.

[fleur]

i just wanna ask if you know any company that accepts internship/ojt for finance management majors?....

 

 

 

 

 

 

 

 

 

i don't know if this is the right thread for my question though... anyway, thanks in advance