Navigating Complexities of Employee Termination in the PH

Terminating an employee is different from resignation. It’s a more nuanced process that demands both legal precision and a compassionate approach. In the Philippines, this process is governed by the Labor Code, which outlines the procedures and criteria that must be followed. In this comprehensive guide, we will walk you through each step, ensuring compliance… Continue reading Navigating Complexities of Employee Termination in the PH

Professional Tax Receipt (PTR) Made Easy: Simplify Your Tax Obligations

If you’re a professional in the Philippines, you know that paying taxes is an important part of practicing your chosen career. Without the correct paperwork, you may face repercussions like penalties. But let’s face it, dealing with tax paperwork can sometimes feel like decoding a secret language. Fortunately, it’s not as daunting as it seems,… Continue reading Professional Tax Receipt (PTR) Made Easy: Simplify Your Tax Obligations

SSS Conducts Nationwide RACE for Contribution Compliance

The Social Security System (SSS) has launched simultaneous Run After Contribution Evaders (RACE) operations. This aggressive campaign is being administered to 108 locations across the Philippines to encourage non-compliant employers to settle any contribution delinquencies. Doing so fulfills their legal obligations of paying both employer and employees’ share contributions. These operations, which commenced on April… Continue reading SSS Conducts Nationwide RACE for Contribution Compliance

Select a Reliable Accounting Firm For Your Biz

Are you one of the many business owners who are looking for a good accounting firm? This could seem like an intimidating process, especially if you have limited funds set aside for this service, but it does not have to. If you want to know what to consider when you hire an accountant, this article… Continue reading Select a Reliable Accounting Firm For Your Biz

When Can Workers Receive Final Pay After Resignation

Resigning from your job is never an easy decision to make because you will lose the stability your employment and salary provide. Apart from that, the uncertainties in the future make it an even more difficult to resign, especially if people are reliant on your income or you don’t have a new job lined up.… Continue reading When Can Workers Receive Final Pay After Resignation

Common Compliance Requirements for MSMEs this New Year

In developing nations like the Philippines, MSMEs make up a significant portion of industrial production. One of the factors contributing to economic expansion is the MSME sector, which is thought to offer significant employment opportunities. In fact, in numerous developed and developing nations around the world, the micro small and medium enterprise sector serves as… Continue reading Common Compliance Requirements for MSMEs this New Year

Changing CPA Firms: Moving on to Greener Pastures

Change is inevitable in business, but it does not mean change is any less daunting when you have to do it. When you have invested so much in one firm for so long, it feels like a loss to let it go when it no longer works for you. All the time, money, and effort… Continue reading Changing CPA Firms: Moving on to Greener Pastures

Traditional Sole Proprietorship or Modern OPC?

The One Person Corporation (OPC) is one of the most significant provisions included in the Revised Corporation Code. For those who are considering opening their own business, choosing the appropriate business structure is one of the most crucial and complicated decisions to consider. Why does this play a significant factor? Accounting firms that offer expert… Continue reading Traditional Sole Proprietorship or Modern OPC?

Learn the Proper Way to Change Your Business Address

Moving to a new location because your business is getting bigger must also be reflected on paper. Seek business registration services from an accounting firm.

Restaurant Inventory Management Best Practices to Follow

The restaurant industry is a great business venture for foodies to get started on. However, while it is a great way to pursue one’s passion and creativity, and enter the business world, it is not all fun and games. One may say that out of the many business models geared towards selling products and companies,… Continue reading Restaurant Inventory Management Best Practices to Follow

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