Any company, business, or organization operating in the Philippines will have the requirements for bookkeeping and monitoring services. After registering your business at the Securities and Exchange Commission (SEC) and filing for a Mayor’s/Business Permit, companies are required to register with their nearest Bureau of Internal Revenue (BIR) office, usually referred to as an RDO (Regional District Office). There, businesses receive a Certificate of Registration (COR).  The applicable taxes and reporting for your company is determined by the business entity you have setup in the Philippines,

All businesses however will have monthly, quarterly, and annual filings with the BIR regardless of their structure. Our affiliated firms and consultants can remove the burden of BIR filings with our outsourced accounting services. Our team of dedicated and experienced tax attorneys and CPAs to ensure smooth operation and monitoring of the company’s books.

Our consultants and tax experts can provide proper planning so that Clients are aware of the tax implications on their business and can adjust accordingly. Our financial experts prepare monthly summaries to be presented to the management board so proper financial planning can occur at the right levels; allowing our clients to focus on the more important aspects of their business.

Contact Us to speak with one of our consultants regarding tax and bookkeeping services.

Our Bookkeeping Services

• Monthly preparation of Expanded Withholding Tax Return (BIR Form 1601E) with related Alphalist/Attachment
• Monthly preparation of Final Withholding Tax Return (BIR Form 1601F) with related Alphalist/Attachment, if applicable
• Monthly preparation of Withholding Tax Return on Compensation (BIR Form 1601C) with related Alpahlist/Attachment
• Monthly preparation of Value Added Tax Declaration (BIR Form 2550M)
• Quarterly preparation of Value Added Tax Return (BIR Form 2550Q)
• Quarterly preparation of Income Tax Return (BIR Form 1702Q)
• Quarterly preparation of Certificate of Creditable Tax Withheld at Source (BIR Form 2307) to be distributed by Client, to its suppliers
• Preparation and submission of diskette files, if applicable
• Filing of Returns
• Recording of the transactions to the Accounting system

Accounting Procedure

Once a month, ideally within the 6th to 8th day of the following month, our representative will get from the Client a soft/hard copy of the following as basis for our preparation of the above BIR returns:

• General Ledger
• Trial Balance
• Accounts Receivable Schedule
• Detailed payroll
• Preparation of the BIR return
• Submit to Client for review
• Payment and filing of returns

For manual filing

• On the same day (ideally within the 6th to 8th day of the following month), our representative will request for check from Client
• On the same day (ideally within the 6th to 8th day of the following month), our representative will get the check. If otherwise, Client, will pay and file the return to the Authorized Agent Bank and copy of the payment and return will be emailed to us for our file.

We expect that the monthly transactions in the Accounting system used is complete as of the 6th day of the following month. BIR forms will be prepared based on the data existing on the books. Adjustments, if any, will be coordinated with the client and be added in the succeeding month.

For further inquiries, you may seek assistance by e-mailing us at info@peyralaw.com.

You may visit as at Unit 1206 12F The Trade & Financial Tower 7th Avenue corner 32nd St. Bonifacio Global City, Taguig City. You may also call us at +632 9090900, +632 8186875.