FINANCE, ACCOUNTING STRATEGIES & TAXATION CONSULTANCY CORP.
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OUR COMMITMENT TO EXCELLENCE
Mission
Empowering businesses with precise accounting and expert consultation for seamless tax solutions.
Vision
To be a premier trusted partner renowned for innovative financial strategies, impactful business insights, transformative tax solutions and
expert regulatory compliances.
CORE VALUES
We are committed to delivering only the best for our clients.
FAITHFULNESS
Upholding integrity, confidentiality and diligence in all our professional commitments.
ACCURACY
Ensuring precision and meticulous attention to detail in every financial report and consultation.
SERVICE EXELLENCE
Delivering exceptional service and responsive support to our clients ensuring their needs are met efficiently.
TRANSPARENCY
Building and maintaining lasting relationships with clients through honesty, reliability, and professional expertise.
OUR SERVICES
ACCOUNTING, TAXATION & FINANCIAL REPORTING
REGISTRATION, UPDATING & CLOSURE/CANCELLATION OF BUSINESS
DTI, SEC, BIR, SSS, PHILHEALTH, PAGIBIG, PCAB
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Our Services
ACCOUNTING, TAXATION & FINANCIAL REPORTING
REGISTRATION, UPDATING & CLOSURE/CANCELLATION OF BUSINESS
DTI, SEC, BIR, SSS, PHILHEALTH, PAGIBIG, PCAB
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Facing Tax Audit, Open Cases (Penalties) or a Massive Tax Due?
WHY US & FAQS
- WHY US
- DTI & SEC FAQs
- BIR FAQS
- BPLO FAQS
- DOLE FAQS
- PCAB FAQS
Mission: Empowering businesses with precise accounting and expert consultation for seamless tax solutions.
Vision: To be a premier trusted partner renowned for innovative financial strategies, impactful business insights, transformative tax solutions and
expert regulatory compliances.
1. Expertise and Precision: At Finance, Accounting Strategies & Taxation Consultancy Corp., we specialize in delivering accurate and comprehensive accounting services tailored to your unique needs. Our team of seasoned professionals ensures your financial records are precisely handled and presented to you, providing you with the clarity and confidence to make informed business decisions.
2. Seamless Tax Solutions: Navigating the complexities of tax regulations can be daunting. We simplify this process with seamless tax solutions, ensuring compliance while maximizing your tax benefits. Our expert research team stay updated with the latest tax laws, safeguarding you from costly errors and penalties.
3. Comprehensive Services: We offer a one-stop solution for all your financial needs:
Accounting for taxation
Consultation services for financial strategies
Registration of business and securing permits
Preparation of detailed financial reports
4. Cost-Effective and Time-Saving: Establishing an internal accounting team requires significant investment in hiring, training, and infrastructure. By partnering with us, you save on these costs and benefit from our expertise immediately. We provide efficient and reliable services, freeing up your time to focus on growing your business.
5. Proven Track Record: With a proven track record of empowering businesses across various industries, we have earned the trust of our clients through consistent, high-quality service. Our commitment to your financial growth and clarity is unwavering.
6. Personalized Service: We understand that every business is unique. Our approach is personalized, ensuring that we address your specific needs and goals. We become your strategic partner, dedicated to your success.
Choose Finance, Accounting Strategies & Taxation Consultancy Corp. and experience the peace of mind that comes with knowing your financial matters are in expert hands. Let us empower your business to achieve financial clarity and sustained growth.
Q&A Sheet on DTI & SEC Registration
DTI registration refers to the process of registering a business name with the Department of Trade and Industry (DTI) in the Philippines. This registration is essential for sole proprietorships and ensures that the business name you choose is unique and not used by another business.
SEC registration involves registering a corporation, partnership, or other legal entity with the Securities and Exchange Commission (SEC) in the Philippines. This process is required for businesses that wish to operate as a legal entity separate from its owners, providing it with a distinct legal personality.
Sole proprietors, or individuals who own and operate a business alone, need to register their business name with the DTI. This applies to small businesses, freelancers, and independent contractors who want to operate under a specific business name.
Corporations, partnerships, and associations must register with the SEC. This includes businesses with multiple owners who want to form a legal entity that can own assets, incur liabilities, and enter into contracts independently from its members.
DTI registration is important because it legally protects your business name, ensuring no other business can use it. It also provides credibility to your business, making it easier to open bank accounts, secure loans, and enter into contracts.
SEC registration is crucial for businesses that want to operate as a corporation or partnership because it provides legal recognition and protection. It allows the business to raise capital by issuing shares, limits the liability of its owners, and establishes a clear structure for management and governance.
To register with the DTI, you need to:
- Choose a unique business name.
- Check-in with us so we can assist you to Complete the registration form.
- Pay the registration fee.
- Receive your DTI Business Name Certificate.
To register with the SEC, you need to:
- Choose at least 3 unique company names
- Check-in with us so we can assist you to draft and notarize the Articles of Incorporation and By-laws including the Treasurer’s Affidavit.
- Pay the registration and filing fees.
- Receive the Certificate of Incorporation from the SEC.
- We will then continue to assist you with the subsequent compliances mandated by the SEC.
Registering with the DTI provides legal protection for your business name and credibility. Registering with the SEC offers benefits like limited liability for owners, ability to raise capital through shares, and a formal structure for business operations. Both registrations are essential for legal compliance and fostering trust with customers and partners.
Operating a business without DTI registration can result in legal penalties and the inability to protect your business name from being used by others. Failing to register with the SEC means a corporation or partnership cannot operate legally, which can lead to fines, legal issues, and difficulty in conducting business activities such as opening bank accounts, securing loans, and entering into contracts.
This Q&A sheet provides a comprehensive overview of DTI and SEC registration, emphasizing the importance, process, and benefits of each. It aims to help understand the legal requirements for starting and operating a business in the Philippines.
Q&A Sheet: Understanding BIR Registration for Businesses
BIR registration refers to the process of registering a business with the Bureau of Internal Revenue (BIR) in the Philippines. This registration is essential for a business to be recognized legally and to comply with tax regulations.
All individuals and entities engaged in trade, business, or the practice of a profession in the Philippines are required to register with the BIR. This includes sole proprietorships, partnerships, corporations, freelancers, and professionals.
BIR registration is necessary because it legitimizes a business, allowing it to operate legally. It also ensures that the business can issue official receipts, pay the correct taxes, and avoid penalties for non-compliance.
The benefits include legal recognition, the ability to issue official receipts, access to government services and incentives, and avoidance of legal penalties. It also enhances the business’s credibility with customers and partners.
Required documents typically include a completed BIR TIN Application Form, the business’s Mayor’s Permit, DTI or SEC registration certificate, and valid identification of the owner or authorized representative.
The steps include:
- Securing a Taxpayer Identification Number (TIN)
- Securing a Taxpayer Identification Number (TIN)
- Submitting the form along with required documents to the BIR office
- Paying the registration fee
- Attending the taxpayer’s briefing
- Receiving the Certificate of Registration
Good compliance standing is crucial to avoid penalties, fines, and legal issues. It also ensures the business can operate smoothly, maintain its reputation, and be eligible for government programs and incentives.
Common taxes include Income Tax, Value Added Tax (VAT) or Percentage Tax, Withholding Tax, and Documentary Stamp Tax. The specific taxes depend on the nature and size of the business.
The frequency varies depending on the type of tax. Income Tax returns are filed annually with a quarterly version for Q1 through Q3, VAT returns are filed monthly and quarterly, and Percentage Tax returns are filed quarterly. Withholding taxes may need to be filed monthly or quarterly, depending on the type.
These questions and answers should provide a comprehensive overview to understand the importance of BIR registration and maintaining compliance.
Business Permit and Licensing Office (BPLO) Registration Q&A
The Business Permit and Licensing Office (BPLO) is a government office responsible for processing business permits and licenses. It ensures that businesses operate legally within a municipality or city by complying with local regulations.
All businesses, whether small, medium, or large, including sole proprietorships, partnerships, and corporations, are required to register with the BPLO before they can legally operate.
BPLO registration is necessary to ensure that a business complies with local laws and regulations. It provides legal recognition and allows the business to operate within the jurisdiction of the municipality or city.
Operating without BPLO registration is illegal and can result in fines, penalties, or even the closure of the business. It may also damage the business’s reputation and hinder its ability to secure loans or attract investors.
Documents required for BPLO registration usually include:
- DTI/SEC registration
- Barangay Clearance
- Community Tax Certificate (Cedula)
- Lease contract or proof of ownership for the business location
- Fire Safety Inspection Certificate
- Sanitary Permit
- Occupancy Permit
- Other specific local requirements
BPLO registration benefits a business by providing legal protection, enhancing credibility with customers and partners, enabling access to government incentives and support, and ensuring compliance with local regulations.
Maintaining good compliance standing with the BPLO is crucial as it ensures continuous legal operation, avoids penalties, and builds a good reputation. It also demonstrates the business’s commitment to legal and ethical standards.
Key compliance requirements include timely renewal of business permits, payment of local taxes and fees, adherence to health and safety regulations, and submission of required reports and documentation.
Steps to renew a business permit typically include:
- Filling out the renewal application form
- Submitting updated documents (e.g., financial statements, lease contracts)
- Paying renewal fees and local taxes
- Undergoing necessary inspections (e.g., fire safety, sanitation)
- Receiving the renewed permit
A business can ensure compliance by keeping accurate records, regularly updating permits and licenses, staying informed about local regulations, attending relevant seminars or workshops, and seeking advice from professionals or consultants.
- Always check the specific requirements and procedures of your local BPLO, as they can vary by municipality or city.
- Keep track of renewal dates and set reminders to avoid missing deadlines.
- Engage with local business associations or networks for support and information on compliance.
These questions and answers should help understand the importance and process of BPLO registration and the significance of maintaining compliance for a legally operating business.
Q&A Sheet: Understanding DOLE Registration
Q: What does DOLE stand for, and what is its primary role?
A: DOLE stands for the Department of Labor and Employment. Its primary role is to promote gainful employment opportunities, develop human resources, protect workers and promote their welfare, and maintain industrial peace.
Q: Who is required to register with the Department of Labor and Employment?
A: All businesses with five or more employees must register with DOLE. This includes companies, partnerships, cooperatives, associations, and even single proprietorships.
Q: Why is it important for businesses to register with DOLE?
A: DOLE registration is essential because it ensures that the business is compliant with labor laws and regulations. It helps protect workers’ rights and welfare, and it is a requirement for businesses to legally operate and avoid penalties or sanctions.
Q: What benefits do businesses gain from registering with DOLE?
A: By registering with DOLE, businesses gain access to various services such as dispute resolution, training and development programs, and assistance in complying with labor standards. It also helps build the company’s reputation as a fair and lawful employer.
Q: What are the basic steps a business must follow to register with DOLE?
A: The basic steps include:
- Preparing the necessary documents (e.g., business permit, proof of employment).
- Filling out the required DOLE forms.
- Submitting the documents and forms to the nearest DOLE office.
- Awaiting approval and receiving a Certificate of Registration.
Q: What specific documents do businesses need to submit for DOLE registration?
A: Typically, businesses need to submit the following documents:
- Business permit or Mayor’s permit.
- SEC registration (for corporations and partnerships) or DTI registration (for sole proprietorships).
- SEC registration (for corporations and partnerships) or DTI registration (for sole proprietorships).
- Other documents that DOLE may require based on the business type.
Q: How does a business’s registration with DOLE benefit its employees?
A: DOLE registration ensures that employees’ rights are protected under labor laws. This includes fair wages, safe working conditions, and benefits such as health insurance and leave entitlements. It also provides a mechanism for employees to report grievances and disputes.
Q: What can happen to a business that fails to register with DOLE?
A: Businesses that do not register with DOLE can face legal consequences such as fines, penalties, and even closure. They may also encounter difficulties in obtaining business permits, facing audits, and losing credibility with customers and potential employees.
Q: Why should businesses strive to maintain good compliance standing with DOLE?
A: Maintaining good compliance standing with DOLE is crucial because it helps avoid legal issues, ensures smooth business operations, and promotes a positive work environment. It also enhances the company’s reputation and trustworthiness, which can attract better talent and more customers.
Q: How frequently do businesses need to update or renew their registration with DOLE?
A: Businesses should update their DOLE registration whenever there are significant changes such as an increase in the number of employees, changes in business address, or modifications in the nature of the business. Additionally, DOLE may require periodic renewals or updates as part of compliance checks.
This Q&A sheet aims to provide a clear and comprehensive understanding of DOLE registration, its importance, and the responsibilities it entails for businesses and employees alike.
PCAB (Philippine Contractors Accreditation Board) Registration: Q&A Sheet
PCAB stands for the Philippine Contractors Accreditation Board. PCAB registration is a mandatory licensing process for contractors in the Philippines to legally operate. It ensures that contractors meet the necessary standards and qualifications to engage in the construction industry.
Any individual or business entity involved in construction activities such as building, repairing, demolishing, or altering structures in the Philippines must have PCAB registration. This includes general contractors, specialty contractors, and subcontractors.
PCAB registration is needed to ensure that contractors are qualified and adhere to industry standards. It protects clients and the public by ensuring that only competent and compliant contractors are allowed to operate. This registration helps maintain safety, quality, and professionalism in the construction industry.
Requirements typically include submitting various documents such as business permits, tax identification numbers, financial statements, proof of technical qualifications, and a list of completed projects. Contractors also need to pay the necessary fees and pass an evaluation by the PCAB.
PCAB registration must be renewed annually. Contractors need to submit updated documents and pay the renewal fees to maintain their license in good standing.
Operating without PCAB registration can lead to legal penalties, fines, and business closure. It can also damage a contractor’s reputation and result in the loss of potential clients and projects.
Maintaining good compliance standing with PCAB ensures that contractors can continue to operate legally and avoid penalties. It also builds trust with clients, who can be assured of the contractor’s reliability and adherence to industry standards.
PCAB registration enhances a contractor’s credibility and reputation, increasing their chances of winning projects and gaining clients. It also provides access to government projects and protects contractors from legal issues related to non-compliance.
Yes, foreign contractors can obtain PCAB registration, but they must meet additional requirements. These may include securing a special license and entering into a joint venture with a Filipino contractor or establishing a local branch office.
PCAB plays a crucial role in regulating the construction industry by ensuring that only qualified and competent contractors are licensed to operate. This regulation helps maintain high standards of safety, quality, and professionalism, benefiting both contractors and the public.
These questions and answers should provide a comprehensive overview to understand the importance of PCAB registration and maintaining compliance.
ABOUT US
Finance, Accounting Strategies & Taxation Consultancy Corp. is a premier consulting firm founded by industry-leading experts.
We are a dynamic, comprehensive company dedicated to providing tailored solutions that meet our clients’ unique needs while maintaining competitive pricing.
Since 2017, we have delivered exceptional consultation services across various industries, helping businesses achieve their
strategic goals and drive growth.