2016 - Philippine Accounting Updates

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.…

New accountancy tracks forthcoming

Posted on August 24, 2016 by BOA Secretariat | 0 Comments

GAME-breaking changes are forthcoming in the area of accountancy education and the licensure examination process. These new accountancy tracks for the accountancy profession are among the revisions of the accountancy law that the Board of Accountancy (BOA) will be submitting…

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)…

When is late considered late in filing BIR returns?

Posted on June 29, 2016 by Orlando Calundan | 1 Comment

If you’re a tax return filer (either a taxpayer, a tax agent or employee), you should always keep in mind the deadlines in filing. You will not want to be slapped with surcharges, interests and compromise penalties (SIC). But when…

Minimum wage increase in NCR from P481 to P491 effective June 2, 2016

Posted on June 1, 2016 by Orlando Calundan | 0 Comments

On May 17, 2016, Wage Order No. NCR-20 was approved by the Regional Tripartite Wages and Productivity Board – National Capital Region (NCR) which increases the minimum wage in the NCR from the previous P481.00 to P491.00 (or a P10.00…

eBIRForms version 6.1 now available

Posted on May 27, 2016 by Orlando Calundan | 24 Comments

Update: Current version of eBIRForms Offline Package is v7.6.1. Click here to download this latest version. After almost two weeks of unavailability, eBIRForms are now accessible. But aside from that, eBIRForms Offline Package version 6.1 has been released and it’s advised…

May 2016 CPA board examination results

Posted on May 23, 2016 by Orlando Calundan | 0 Comments

The Professional Regulation Commission (PRC) announces that 2,967 out of 6,925 passed the Certified Public Accountant Licensure Examination given by the Board of Accountancy in the cities of Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo and Legazpi this May…

Application for accreditation of CPAs in C&I extended till December 31

Posted on April 26, 2016 by BOA Secretariat | 0 Comments

Due to persistent demand from the various stakeholders, Professional Regulations Commission (PRC) and Board of Accountancy (BoA) isssued Resolution No. 2016-115 extending the deadline for the filing of the application for accreditation for CPAs in Commerce and Industry to December…

Earn up to 85% of your investment in 30 minutes

Posted on April 21, 2016 by Orlando Calundan | 0 Comments

There are easy ways to earn money without being scammed, do you agree? First of all, I want you to be aware that this is a “high risk, high return” investment strategy. You may loss your entire investment too soon…

MSME seek exemption from CPA management

Posted on April 18, 2016 by Orlando Calundan | 1 Comment

MANILA, Philippines – The Board of Accountancy (BOA) has agreed to work on the exemption of micro, small, and medium enterprises (MSMEs) from engaging certified public accountants (CPAs) to prepare and sign companies’ financial statements, the Philippine Exporters Confederation Inc.…

Use the updated eBIRForms version 6.0

Posted on April 5, 2016 by Orlando Calundan | 20 Comments

Update: Current version of eBIRForms Offline Package is v7.6.1. Click here to download this latest version. Taxpayers are now filing their tax returns in the hope of avoiding the rush where they need to queue in a very long line or…

Emerging trends of external reporting

Posted on April 1, 2016 by BOA Secretariat | 0 Comments

Organizations are using integrated reporting (IR) to communicate a clear, concise, integrated story that explains how all of their resources are creating value. IR is helping businesses to think holistically about their strategy and plans, make informed decisions and manage…

Philippine Accounting Updates

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Year: 2016