Orlando Calundan, Author at Philippine Accounting Updates

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…

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…

PCHC’s Check Image Clearing System & Others

Posted on February 3, 2016 by Orlando Calundan | 0 Comments

The Philippine Clearing House Corporation will implement Check Image Clearing System (CICS) starting middle of 2016, specifically in March 2016. In connection with this, we previously written an article entitled “Banks will no longer accept checks with erasure/alteration effective January 4,…

Forms for Accreditation of CPAs in Commerce and Industry

Posted on February 2, 2016 by Orlando Calundan | 0 Comments

The Board of Accountancy issued Resolution No. 2016-3, as discussed in our post “BOA Resolution passed requiring CPA FS preparers to submit certificate“, and subsequently issued “Q&A clarifying certain matters on CPA certification on compilation services“. With the issuance of the BoA…

New Syllabi for CPA Board Exam Effective May 2016

Posted on February 1, 2016 by Orlando Calundan | 2 Comments

Three (3) months ago, we published an article entitled “Revisions in the CPA licensure examination” which discussed the main changes in the Certifoed Publiac Accountant (CPA) Licensure Examination subjects (from 7 to 6), including the Table of Specifications (TOS) for…

Q&A clarifying certain matters on CPA certification on compilation services

Posted on January 27, 2016 by Orlando Calundan | 4 Comments

Last week, we published a post entitled “BOA Resolution passed requiring CPA FS preparers to submit certificate“, informing the public of the issuance of the Board of Accountancy (BoA) of Resolution No. 3, Series of 2016, which, among others requires…

BOA Resolution passed requiring CPA FS preparers to submit certificate

Posted on January 21, 2016 by Orlando Calundan | 40 Comments

Two (2) months ago, we wrote an article on Rules on Financial Statement Preparation now for Comments which was still for comments. Now, the Board of Accountancy has finally passed Board Resolution No. 3, Series of 2016, Requiring the Submission of Certificate by…

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Author: Orlando Calundan