Services

Philippine Business Consultant provides the following services:

Business Registration
We will evaluate the business you intend to set up in the Philippines and recommend the best way for your company to start doing business and correctly accomplish your business registration.

We can aid you to understand the pros and cons of the different types of business structures allowed under the Philippine Laws for this will determine certain legal, tax, and immigration issues your company will encounter.

We will coordinate with all the concerned government agencies to register your business as fast as possible. Our experience in dealing with the Securities and Exchange Commission (SEC), Local Government Units (LGUs), Bureau of Internal Revenue (BIR), Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), and Home Development and Mutual Fund (a.k.a. Pag-Ibig Fund) ensures that corporate registrations proceed smoothly.

Our business registration service includes:

• Preparation and submission of all documentary requirements to concerned government agencies
• Processing and follow up of your application
• Handling of all correspondence on your behalf during the application period
• Receive the approved documents for you
• Deliver the original copies of the documents to you

Bookkeeping and Accounting
All business registered in the Philippines must comply with the requirements of the Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR). These requirements includes, among others, maintaining books of accounts in accordance with the bookkeeping regulations of the BIR and submission of audited financial statements that are in accordance with the Philippine Financial Reporting Standards (PFRS).

We provide a complete and accurate record keeping of your business records and transactions using an accounting software.

Our bookkeeping and accounting services include:

• Recording of monthly transactions in the registered books of accounts;
• Preparation of monthly trial balance, balance sheet, income statement, cash flows and account schedules/reconciliations;
• Preparation of monthly bank reconciliation;
• Communicating with your external auditors and answering audit queries;
• Updating trial balances with year end audit adjustments;
• Preparation of draft financial statements for you and your external auditor's review; and
• Submission of audited financial statements to the BIR, SEC, and other concerned agencies/offices.

Payroll
Whether you have 10 employees or 10,000, there are provisions guaranteed b the Department of Labor and Employment (DOLE) that must be included in payroll computation. We can handle any business' payroll requirements ensuring that companies will never overpay (or underpay) their employees, as well as provide them with the necessary employee benefits.

Our outsourced payroll service includes:

• Processing of semi-monthly payroll;
• Processing of 13th month pay and other bonuses;
• Calculation of withholding taxes on compensation and remittance thereof to BIR;
• Calculation of statutory contributions and remittance thereof to the SSS, PhilHealth and Pag-Ibig Fund;
• Processing of other payroll related deductions such as loans, advances and remittance thereof to SSS, PhilHealth, Pag-Ibig Fund and other parties;
• Preparation of individual employee payslips or maintenance of electronic payslips;
• Calculation of final pays of resigned employees; and
• Year-end annualization.

Tax Consulting
Our tax consulting service can provide your company proper aid in managing your tax and accounting departments. From investigation of certain accounting implications, to representation with the Bureau of Internal Revenue (BIR), to provision of updates on new tax and accounting guidelines.

Tax Compliance
We provide assistance to business owners in complying with their tax requirements and deadlines. We help prepare and file the following tax returns, based on your accounting records:

• Monthly withholding taxes and annual information returns
• Quarterly fringe benefit tax
• Monthly percentage tax return (for non-vat taxpayers)
• Monthly and quarterly value added tax declarations (for vat taxpayers)
• Summary list of sales and purchases (SLSP)
• Quarterly and annual income tax

We also handle the following services:

• Payment of annual registration fee with the Bureau of Internal Revenue (BIR)
• Payment of documentary stamps tax
• Registration of manual books of accounts, loose leaf records or computerized accounting system
• Assistance in enrollment to Electronic Filing and Payment System (eFPS) facility of the BIR
• Application for authority to print (ATP) invoices and official receipts

Other Business Services
We can assist you in meeting your business' other needs such as:

• Preparation of General Information Sheet (GIS) and General Form Financial Statements (GFFS) with the SEC
• Application for Tax Clearance with the BIR
• Application for BIR-Import Clearance Certificate (BIR-ICC)
• Platinum membership with PhilGEPS