Basic Business Taxation Simplified

Learn how taxes greatly affect business success, how to save on taxes by faithful compliance, and comply by easily developing wide knowledge of various technical tax rules. Equip yourself with sufficient working knowledge of taxation as applied in business setting.

Day 1

Learn fundamentals of taxation

  • Basic concepts on importance of taxation

Learning basic BIR business & reportorial requirements

  • BIR annual registrations
  • Securing T.I.N. & Certificate of Registration
  • Sales Invoices / Official Receipts
  • Books of Accounts
  • Summary list of sales/purchases
  • Tax returns & filing dates (manual or EFPS)
  • Change of address
  • Transfer of shares & real properties

Withholding tax system and sample applications

  • Expanded withholding taxes
  • Withholding tax on compensation
  • Final withholding taxes

Learning business tax types [VAT & Other Percentage taxes (OPT)]

  • Concept of business taxes
    • When VAT, when OPT?
    • Tax benefits on initial registration (VAT vs. OPT)
    • VATable transactions, in general
    • VAT Zero-rated transactions & treatments
    • VAT application on sales to government
    • Common VAT-exempt transactions
    • OPT transactions by nature
    • Illustrative computations
    • Pricing implications of VAT

Learning Common documentary stamp tax (DST) applications and computations

Day 2

Learning Basic income taxation (individual & corporate)

  • What income is taxable and what income tax type is applicable?
  • Basic Individual income tax
  • Basic Corporate income tax
  • Allowable deductions
  • Income tax benefits & exempt entities (e.g. BMBE)
  • Illustrations on Income Tax Returns (ITR) Preparations

Learning How Tax Assessment Operate & Taxpayer’s Remedies

  • Documentation, Sub poena duces tecum, & jeopardy assessment
  • Preliminary findings & informal conference
  • Preliminary Assessment Notice (PAN)
  • Final Assessment Notice (FAN)
  • Protest writing illustrations
  • Common errors resulting to penalties & assessments

Learning Tax Refunds & TCC

Learning Basic Local Government Taxes (CTC, RPT, & Business Taxes)

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 plus VAT per participant – Handouts/Notes and pencils/Journals, Ledgers,& Worksheets/Comprehensive illustrations/ Seminar-Workshop Certificate/ Lunch and snacks – a.m./p.m.. Please bring calculator.
Advocate Resource Speaker: 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 Account (Please contact us for account details) & balance 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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