Basic Business Accounting & BIR Compliance : Non-Vat

You may not have all what it takes to master accounting, but your accounting and tax knowledge is indispensable for your entrepreneurial success. For tax purposes, simple things may mean a lot and may become a material issue. Thus, this seminar-workshop is intended to educate participants in basic BIR compliance and avoid headaches dealing with the tax authorities.

Learning points:

  • Understand the basic minimum requirements of non-VAT registered CORPORATE taxpayers;
  • Learn how to book keep your non-VAT registered service or trading business;
  • Learn what BIR returns should be filed based on the transactions;
  • Learn how to fill-out BIR Returns and avoid being assessed based on erroneous entries;
  • Learn what to write and how to make entries on the books of accounts;
  • Learn how to prepare simple financial statements;
  • Learn and understand the financial figures of your business; and,
  • Understand the work of your regularly paid bookkeeper and reasonably estimate their retainer fees;

Outline:

  1. Fully understand when VAT, when non-VAT;
  2. Proper substantiation of income and expenses;
  3. Minimum tax types for non-VAT entity;
  4. BIR allowed books of accounts; and,
  5. Comprehensive illustration;
  • a. Recording on books of accounts;
    1. Cash receipts books
    2. Cash disbursements books
    3. General journal
    4. General ledger
    5. Annual Registration (BIR Form No. 0605)
    6. Application for registration (BIR Form No. 1903 – Corp.)
    7. Documentary stamp tax return (BIR Form No. 2000)
    8. Expanded Withholding taxes (BIR Form 1601-E)
    9. Final Withholding taxes (BIR Form 1601-F)
    10. Withholding tax on compensation (BIR Form 1601-C)
    11. Certification of taxes withheld on compensation (BIR Form No. 2316)
    12. Creditable withholding tax certificate (BIR Form No. 2307)
    13. Quarterly income tax returns (BIR Form 1702Q)
    14. Annual income tax returns (BIR Form No. 1702)
    15. Monthly value-added tax returns (BIR Form No. 2551M)
    16. Quarterly value-added tax returns (BIR Form No. 2551Q)
  • b. Preparing and filing non-VAT registered BIR returns;
  • c. Preparing financial statements
  • d. Closing books of accounts

Schedule: Seminar workshop runs from 9:00 a.m.-5:00 p.m at  Unit 2309 Cityland 10 Tower 1, H.V. Dela Costa St. Cor. Ayala Avenue Makati City. We can also arrange for special group of at least five (5) participants at their own venue.

Package:P4,500.00 plus VAT  for  Handouts/Notes and pencils/ Sample books of Accounts/Various BIR/Forms Comprehensive illustrations / Seminar-Workshop Certificate. Please bring calculator.

Advocate Tutor: Certified public Accountant (CPA) who has gained much professional experience being in the Tax Division of a law office based in Makati for more than six (6) years now, and as a part-time professor in the College of Accountancy – Polytechnic University of The Philippines, Taguig for about four (4) years now handling basic accounting & taxation subjects.

Reservation: At least P2,000 reservation fee to be deposited to BDO Savings Account (Please refer to the reservation form  for account  details) & balance on seminar day. Official receipts shall be issued upon full payment on seminar day.

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Who should attend?
Highly recommended for Small & medium business owners, new entrepreneurs, accounting graduates, & interested others.

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Seminar Schedules

June 2017

June 8-9, 2017 Thursday-Friday - Basic Business Accounting and BIR VAT Compliance Seminar Workshop

June 10, 2017 Saturday - Value Added Tax In and Out

June 15 Thursday - BIR Examination: Their Procedures and Our Defenses

June 16, 2017 Friday- How to Register Philippine Business Entity, Seminar

June 17, 2017 Saturday - Compensation: Computations and Must Know Exemptions

June 22-23 Thursday-Friday - Basic Business Taxation Simplified

June 24, 2017 Saturday - Withholding Taxes, Subjects and Applications

June 30, 2017 Friday - How to analyze audited financial statements & Accounting for Management

July 01, 2017 Saturday- PEZA Registered Entities: Tax Compliance – Seminar

July 6-7, 2017 Thursday & Friday - Basic Business Accounting and BIR Non-VAT Compliance Seminar Workshop

July 08, 2017 Saturday- BIR Returns & Reports Preparations under eBIR and Online Submissions Seminar

July 14 Friday - BIR Examination: Their Procedures and Our Defenses

July 15, 2017 Saturday - Value Added Tax In and Out

July 21, 2017 Friday- How to Register Philippine Business Entity, Seminar

July 22, 2017 Saturday - Compensation: Computations and Must Know Exemptions

July 27-28 Thursday-Friday - Basic Business Taxation Simplified

July 29, 2017 Saturday - Withholding Taxes, Subjects & Applications

August 3-4, 2017 Thursday-Friday - Basic Business Accounting and BIR VAT Compliance Seminar Workshop

August 05, 2017 Saturday- PEZA Registered Entities: Tax Compliance – Seminar

August 11, 2017 Friday - How to analyze audited financial statements & Accounting for Management

August 12, 2017 Saturday- BIR Returns & Reports Preparations under eBIR and Online Submissions Seminar