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 Tutor: Certified public Accountant (CPA) who has gained much professional experience being in the practice of profession for almost 15 years formerly being with the Tax Division of a law office based in Makati for more than six (6) years as Assistant Tax Manager, and being with a firm as Tax Partner; being with the academe for sometime as a full time College Instructor at Asian Development Foundation College, Tacloban City for 3 years handling taxation and accounting subjects, part-time professor in the College of Accountancy – Polytechnic University of The Philippines, Taguig for about four (4) years handling basic accounting & taxation subjects, as basic accounting teacher at Mapua Institute of Technology – Makati Campus for about 2 years, and a lecturer at some universities in Metro Manila on taxation; and a frequent resource speaker on seminars related to accounting and taxation.
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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Seminar Schedules

January 2018

January 25, 2018 ThursdayBasic Income Taxation for Sole Proprietors under New ITR

January 26, 2018 FridayHow to Analyze Financial Statements for Managers and Entrepreneurs Seminar

January 27, 2018 SaturdayBasic Income Taxation for Corporation under New ITR

February 2018

February 01, 2018 Thursday – Input VAT Refund Seminar

February 02, 2018 FridayReturns and Reports Preparation under eBIR and Online Submission Seminar

February 03, 2018 SaturdayWithholding Taxes, Subjects and Applications

February 08, 2018 ThursdayHow to Register Business Entity in the Philippines Seminar

February 09, 2018 FridayBIR Examination: Their Procedures and Other Related Defenses

February 13, 2018 Tuesday – Tax Reforms for Acceleration and Inclusion (TRAIN) Seminar

February 15-16, 2018 Thursday & FridayBasic Business Taxation Simplified

February 17, 2018 SaturdayValue Added Tax: In and Out

February 22-23, 2018 Thursday & Friday – Basic Business Accounting and BIR Compliance for VAT Entities