Basic Income Taxation for Corporations under New ITR

Every entrepreneur is required to file and pay income taxes quarterly and annually, but not all knows how to compute and properly fill out an income tax return (ITR). Filing an ITR only for the sake of compliance (“basta maka-file, ok na yan” mentality) may contain errors leading to imposition of penalties based on technicalities. BIR examinations and tax assessments are more focused on corporations than individuals. This is because they would anticipate more collections from simple technical errors and misapplications. This workshop will teach you how to compute your  income tax due and properly fill out quarterly and annual ITRs.

Learning points:

  • Learn the types of income that must be included in the ITR
  • Learn the proper substantiation of income and expenses;
  • Learn the application of Optional Standard deductions (OSD) and Itemized Deductions;
  • Learn the requirements of expenses to be deductible for income tax purposes;
  • Learn how to apply withholding tax certificates (BIR Form 2307) against income tax due;
  • Learn how to properly fill-out BIR Form Nos. 1702Q, and 1702;
  • Learn how to reconcile accounting income in your financial statements and taxable income in the ITR; and,
  • Learn how BIR makes a tax assessment on income tax and the related possible defenses.

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: Handouts/Notes and pencils/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 P1,000 reservation fee to be deposited to BDO Savings Account (Please refer to the reservation for  account details) & balance on seminar day. Official receipts shall be issued upon full payment on seminar day.

(Post viewed 10376 times)

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

Reserve Now

View Other Programs

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