Tax Paying Form BIR51/BIR52: Tax Return For Dormant Companies. Is it necessary to prepare an audited financial statement?

So you may be wondering: if your company is dormant, is it necessary to prepare an audited financial statement before filing a tax return? Even if you are a dormant company, you still have to prepare audited financial statements in support of the return. You do not have to do the above, however, if you …

Tax Paying Form BIR51/BIR52: Using the same envelope to send correspondence for enquiries/claims and the tax return

The question is : Can you send correspondence for enquiries and tax return in the same envelope? No. Letters of enquiries/claims should not be sent together with the tax return unless it is an objection against an estimated assessment made in the absence of the tax return. Do not staple these letters to returns or …

PERSONAL CALLS AT WORK….Are They Worth The Trouble?

With the hours we work these days, often staying up late and putting in Saturdays and Sundays, it is inevitable that our personal and professional lives tend to overlap. Personally, I often find it hard to balance out the overlapping, especially when it comes to phone calls. The general rule I try to follow is …