Orlando Calundan, Author at Philippine Accounting Updates

How to apply as a Barangay Micro Business Enterprise (BMBE)?

Posted on September 1, 2020 by Orlando Calundan | 2 Comments

Small businesses often earn relatively small – just enough to support owner/s’ day to day expenses, employees’ salaries and small profit. So if business owners still have to pay taxes, they might not be able to sustain operation, considering the…

Trade online and earn more during COVID-19

Posted on August 9, 2020 by Orlando Calundan | 0 Comments

To start, this is an investment/trading strategy that is high risk but high return. As COVID-19 continues to spread, a lot of workers are now working from home, working on reduced work days or laid-off. You are lucky if you…

Payment of taxes during MECQ – RMC No. 79-2020

Posted on August 8, 2020 by Orlando Calundan | 0 Comments

The country is again put under Modified Enhanced Community Quarantine (MECQ) for 15 days, from August 4 to 18, 2020. The areas affected are Metro Manila, Bulacan, Rizal, Cavite, and Laguna. With MECQ, some industries are allowed to operate at…

Clarifications on filing of BIR Form No. 1709 or Related Party Transaction form

Posted on August 2, 2020 by Orlando Calundan | 0 Comments

The Bureau of Internal Revenue recently issued Revenue Regulations (RR) No. 19-2020 introducing BIR Form No. 1709, replacing form no. 1702H series of 1992. BIR Form No. 1709 is also called Related Party Transaction (RPT) form. Various issues and questions…

Online transactions and withholding tax in the “new normal”

Posted on July 28, 2020 by Orlando Calundan | 0 Comments

The Coronavirus pandemic (more commonly known as COVID-19) has changed so much about the way we live, the things we used to do, the places we used to go, the friends, and even transactions we used to enter, and the…

October 2019 CPA Board Exam Results (Passers / Topnotchers)

Posted on October 21, 2019 by Orlando Calundan | 0 Comments

October 2019 Exam Results October 2019 Certified Public Accountant Licensure examination results released in six (6) working days The Professional Regulation Commission (PRC) announces that 2,075 out of 14,492 passed the Certified Public Accountant Licensure Examination given by the Board of Accountancy in the cities of Manila, Baguio, Cagayan De…

Updated General Information Sheet (GIS) 2019

Posted on August 6, 2019 by Orlando Calundan | 0 Comments

The Philippine Securities and Exchange Commission (SEC) has issued SEC Memorandum Circular No. 15, Series of 2019, on the amendments to SEC Memorandum Circular No. 17, Series of 2018 on the revision of the General Information Sheet (GIS) to include…

Accounting for crypto-assets: Philippine perspective

Posted on July 14, 2019 by Orlando Calundan | 0 Comments

We previously published CRYPTO: Accounting for non-monetary asset? which detailedly discussed background of cryptographic assets and it’s accounting, with an initial take on its applicability in the Philippine setting. While we emphasized that there is currently no clear guidance as…

October 2018 CPA Board Exam Results (Passers / Topnotchers)

Posted on October 22, 2018 by Orlando Calundan | 0 Comments

The Professional Regulation Commission (PRC) announces, back-to-back, the results of the October 2018 Certified Public Accountant (CPA) Licensure Examination and August 2018 Special Professional Licensure Exam for CPAs, today, October 23, 2018. October 2018 CPA Examination Results The PRC announces that 3,616 out…

Compilation Certificate and Report Templates (Updated)

Posted on February 27, 2017 by Orlando Calundan | 2 Comments

Recently, Board of Accountancy (BOA) issued Resolution No. 03, Series of 2016, requiring the attachment to the annual financial statement (FS) of a Certificate on the compilation services for the preparation of FS and notes to the FS. The Certificate shall be…

October 2016 CPA Board Exam Results (Passers / Topnotchers)

Posted on October 19, 2016 by Orlando Calundan | 0 Comments

The October 2016 Certified Public Accountant (CPA) Board Licensure Examination given by the Board of Accountancy was held on October 1, 2, 8 and 9, 2016 in Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo, Legaspi, Lucena and Tacloban cities.…

BIR reduces requirements for tax clearance, orders frontline to issue CAR within 5 days

Posted on July 14, 2016 by Orlando Calundan | 0 Comments

Heeding the call of the President of the Republic, the Bureau of Internal Revenue (BIR) begun its journey towards change through two (2) revenue issuances which effectively cuts down on red tape in the processing of Tax Clearance Certificates (TCC)…

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Author: Orlando Calundan