Inquirer Academy

₱ 5,900.00

Simplified Tax Compliance for SMEs: Applying Best Practices and Approaches

Why join the workshop?

The taxation landscape changed drastically since the passage of TRAIN Law 1 last 2017 effective 2018 including several BIR issuances. In a year, entrepreneurs, small & medium-sized businesses and start-ups were faced with complex & burden some requirements. This session aims to ease the painstaking requirements of tax compliance exposure of businesses.

Objectives:

At the end of this highly-interactive workshop, participants will be able to:

• Explain the pervasive principles and provisions about tax compliance from the salient mandates of the Tax Code

• Identify pertinent revenue issuance, court rulings and best practices in complying tax exposure requirements applicable to businesses

• Prepare BIR forms by filling out the returns, computing appropriate taxes due based on financial records and information of taxpayers

• Implement efficient tax set-up compliance mechanisms to enhance taxpayers’ compliance to BIR and related issuance

Who Should Attend:

Mark Fajiculay is a CPA with expertise in management consulting, internal audit, external audit, and statutory compliance engagements.

He is the Partner and Managing Director of Powerhouse Consultants. Previous to this he was the Internal Audit Head of a law firm and became a tax consultant of the law firm’s clients.

Outline:

More specifically, this hands-on workshop will cover the following topics:

Determining appropriate taxes and filling out basic tax returns

Taxes withheld on compensation
Expanded withholding taxes
Final withholding taxes
Quarterly Percentage Tax Returns
Monthly & Quarterly Vat Returns
Quarterly & Annual Income Tax Returns (ITRs)
BIR Form 2316 & BIR Form 2307
Other basic BIR returns applicable

Completing required attachments to basic tax returns

Quarterly Alpha List of Payees (QAP)
Summary Alpha List of Withholding Taxes (SAWT)
Summary List of Sales & Purchases (SLSP or RELIEF)
Semestral List of Regular Suppliers (SRS)
Annual Alpha List of Employees
Annual Alpha List of Payees
Annual inventory list

Tax filing deadlines and modes of submission

Features & related issuance on e-BIR forms
Features & related issuance on EFPS
Existing due dates as revised by TRAIN law
Other tax compliance updates

*Program Fee is PHP 5,900 plus VAT

Course Schedule:

Nov 28 - 28, 2019

CONTINUING PROFESSIONAL DEVELOPMENT FOR CPAS

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