MAGCPA Accounting & Bookkeeping Services

Accounting | Bookkeeping | Tax Preparation | Audit Services | Business Registration | Tax Accountant | SEC Compliance | PEZA Compliance | Advisory Services

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

Don't let paperwork hold you back. Focus on your passion, we'll handle the rest!

𝐖𝐞 𝐨𝐟𝐟𝐞𝐫:
-Business Assistance
-SEC Registration
-BIR Registration especially for online sellers
-Audit of Financial Statements & Income Tax Return
-and Other Services
#MAGCPA #Accounting

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐀𝐥𝐞𝐫𝐭!⁣⁣
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𝐏𝐅𝐑𝐒 𝟏𝟖 will replace 𝐏𝐀𝐒 𝟏 in 2027, bringing major changes to financial statement presentation, including new profit or loss categories and added disclosure requirements.⁣⁣
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#MAGCPA #MAGCPAAlerts #AccountingAlert #PFRS18

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣
⁣
BIR issued 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 (𝐑𝐌𝐂) 𝐍𝐨. 𝟕-𝟐𝟎𝟐𝟔 revising the 𝘗𝘦𝘰𝘱𝘭𝘦'𝘴 𝘍𝘳𝘦𝘦𝘥𝘰𝘮 𝘰𝘧 𝘐𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 (𝘍𝘖𝘐) 𝘔𝘢𝘯𝘶𝘢𝘭 of the BIR and updated list of FOI receiving officers
#MAGCPA #TaxAlert

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣
⁣
𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞𝐥𝐲, the Bureau will resume the issuance of eLAs, Mission Orders, and Tax Verification Notices. The resumption also includes the continuation and completion of audit cases that were previously stayed.⁣
#TaxAlert

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣
⁣
The BIR issued 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 (𝐑𝐌𝐂) 𝐍𝐨. 𝟔-𝟐𝟎𝟐𝟔, which provides an extension for filing tax returns and paying 𝘝𝘢𝘭𝘶𝘦-𝘈𝘥𝘥𝘦𝘥 𝘛𝘢𝘹 (𝘝𝘈𝘛) 𝘥𝘶𝘦 𝘰𝘧 𝘕𝘙𝘋𝘚𝘗𝘴.⁣
#MAGCPA #TaxAlerts

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣⁣
⁣⁣
BIR issued 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 (𝐑𝐌𝐂) 𝐍𝐨. 𝟒-𝟐𝟎𝟐𝟔, which clarifies the mandatory registration of Permanently Bound Loose Leaf books and Computerized books through ORUS.⁣
#TaxAlert #MAGCPAAlert #TaxCompliance

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣
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BIR extends the deadline of filing 𝘉𝘐𝘙 1601𝘊 and 0619𝘌 (due on November 10) until 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟐𝟖, 𝟐𝟎𝟐𝟓, due to typhoon Uwan.⁣
Source: CIR Romeo Lumagui Jr. FB page⁣
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#MAGCPA #MAGCPAWorks #MAGCPAAlert #TaxAlert

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

SEC ALERT!

SEC issued a notice on the upcoming integration of eFAST and eSECURE systems.
#MAGCPA #MAGCPAAlert #SECAlert

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣
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BIR has issued a 𝘙𝘦𝘷𝘦𝘯𝘶𝘦 𝘔𝘦𝘮𝘰𝘳𝘢𝘯𝘥𝘶𝘮 𝘖𝘳𝘥𝘦𝘳 (𝘙𝘔𝘖) 𝘕𝘰. 46-2025 circularizing the creation of new Alphanumeric Tax Codes (ATCs) for selected revenue sources under RR No. 24-2025.
#MAGCPA #MAGCPAWorks #MAGCPATaxAlerts #TaxAlerts

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

TAX ALERT!

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 91-2025 on the Clarification of Documentary Requirements for Business Registration Being Signed by the Assistant Corporate Secretary of a Corporation.

Source: BIR website
#MAGCPA

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝗦𝗘𝗖 𝘀𝘂𝗽𝗽𝗼𝗿𝘁𝘀 𝗹𝗶𝗳𝘁𝗶𝗻𝗴 𝗼𝗳 𝗯𝗮𝗻𝗸 𝘀𝗲𝗰𝗿𝗲𝗰𝘆 𝘁𝗼 𝗰𝗼𝗺𝗯𝗮𝘁 𝗰𝗼𝗿𝗿𝘂𝗽𝘁𝗶𝗼𝗻

The SEC is backing proposals to amend existing bank secrecy laws, as part of the government’s continuing fight against corruption.

#MAGCPA #MAGCPAWorks #SECUpdate

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

TAX ALERT!

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 81-2025 dated September 3, 2025, reiterating the criteria and guidelines on deductibility of ordinary and necessary expenses.

#MAGCPA #MAGCPATaxAlert #MAGCPAWorks

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

"𝘖𝘶𝘳 𝘯𝘢𝘵𝘪𝘰𝘯 𝘰𝘸𝘦𝘴 𝘢 𝘥𝘦𝘣𝘵 𝘵𝘰 𝘧𝘢𝘭𝘭𝘦𝘯 𝘩𝘦𝘳𝘰𝘦𝘴 𝘵𝘩𝘢𝘵 𝘸𝘦 𝘤𝘢𝘯 𝘯𝘦𝘷𝘦𝘳 𝘧𝘶𝘭𝘭𝘺 𝘳𝘦𝘱𝘢𝘺.⁣⁣"⁣
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MAGCPA celebrates National Heroes Day and truly values the contribution of all heroes, big or small.⁣
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#MAGCPA #NationalHeroesDay

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

This day forever commemorates the life and legacy of a beloved hero of freedom. MAGCPA celebrates with the Filipinos to the flag bearer of modern Phillippine democracy.
#NinoyAquino2025 #MAGCPA

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣⁣⁣
⁣⁣⁣
With the implementation of 𝐑.𝐀. 𝟏𝟐𝟐𝟏𝟒 (or 𝘊𝘔𝘌𝘗𝘈 𝘓𝘢𝘸), new DST tax rates are now in effect. ⁣⁣
⁣
#MAGCPA #MAGCPATaxAlert #TaxAlert

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣
⁣
BIR issued 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐨. 𝟐𝟐-𝟐𝟎𝟐𝟓 which amends the pertinent provisions of RR 17-2011 to implement CMEPA Law.⁣
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The CMEPA Law provides "𝘢𝘥𝘥𝘪𝘵𝘪𝘰𝘯𝘢𝘭 𝘥𝘦𝘥𝘶𝘤𝘵𝘪𝘰𝘯𝘴" from the Gross Income...

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

TAX ALERT!

Extension of tax deadlines up to July 31, 2025 for affected RDOs and/or Revenue Regions.
#MAGCPA #TaxAlerts #MAGCPAAlerts #MAGCPAWorks

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

Banking Updates!

The Department of Finance (DOF) on Thursday clarified that the Capital Markets Efficiency Promotion Act (CMEPA) does not impose a new tax but standardizes the tax rate on interest income to correct an unfair system that favored the wealthy.
#MAGCPA #MAGCPAwork

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

PH Government Declares July 27, 2025 as a Special Non-Working Day
#MAGCPA #MAGCPAAlert

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

TAX ALERT!

This Tax Alert is issued to provide guidance and clarification on the documentary requirements for RBEs availing of VAT zero rating on local purchases, pursuant to R.A. No. 12066 or the CREATE MORE Act.
#MAGCPA #TaxAlert #MAGCPATax

[MAGCPA Accounting & Bookkeeping Services @MarkGrabilloCPA]

TAX ALERT!

BIR sets guidelines on filing Annual Income Tax Returns (AITR) for Taxable Year 2024

• Mandatory e-filing for most taxpayers via eFPS, eBIRForms, or TSPs
• Manual filing using BIR Form No. 1701-MS is allowed only for Micro and Small taxpayer

#MAGCPA #BIRUpdates