Tax Compliance Review
The firm have extensive knowledge and exposure in the provisions of the Tax Code and are well abreast of the latest regulation and circulars issued by the BIR. Our team assess the company’s compliance with
the requirements of the Bureau of Internal Revenue (BIR). We determine whether a company is filing all the required tax returns and we check if returns are correctly and properly accomplished. We establish if the company is deducting and remitting the required withholding taxes on its transactions. We verify and reconcile the mandatory tax requirements in the company’s Income Tax Return and Financial Statements. In our review of the tax returns, we ascertain the possible tax assessment that maybe imposed to the company in case of a formal tax examination or Letter of Authority (LOA) of the BIR.
Our firm are accredited and authorized to represent companies on their tax cases with the Bureau of Internal Revenue. Our tax partners have extensive exposure and well-versed in dealing with the Bureau of Internal Revenue (BIR). We represent companies in cases of formal examination of records thru Letter of Authority (LOA) or Tax Verification Notice (TVN). We assist clients in resolving tax assessments, tax discrepancies, tax disputes & issues and Open Cases including Letter Notice (LN) and Benchmarking Notice (BN). We prepare and file Protest Letters on behalf of client to contest erroneous tax assessments and we liaise with the tax authorities for requests for rulings or opinions from the Bureau of Internal Revenue.
Preparation & Filing of Tax Returns
Our team can assist and guide your company on its full compliance with the requirements of BIR and the preparation and filing of all the required tax returns. We prepare monthly, quarterly and annual income tax returns including alphalists that are required every end of the year. We extend assistance and guidance in the computation of the correct taxes to be paid for the said returns and file the same thru Electronic Filing & Payment System (EFPS), eBIR Forms or eSubmission.
Tax Advisory Services
We offer sound and expert advice on a wide range of tax matters such as those relating to tax compliance, procedures and remedies. We offer advice on how to reduce tax liabilities, generate tax savings and avoid assessments and penalties. We inform clients of the tax provisions and regulations that affect their company and we update them of the latest tax rules, regulations and circulars issued by the tax authorities. We represent clients on their tax cases with tax authorities; mediate in resolving tax assessment and other tax issues. We orient, train and guide clients in the proper compliance of tax requirements and completion of tax returns.