The recent tax reform was implemented to encourage small businesses to pay their taxes on time. As a business owner, having outsourced CFO services can assist you in adjusting your taxes accordingly.

To encourage more micro, small, and medium enterprises and foreign investment in the Philippines, the Philippine government promulgated the Ease of Doing Business Act in 2018 May 28. 

Every corporation is required to have a corporate secretary. A corporate secretary’s tasks differ from the duties and responsibilities of a company secretary. What does a corporate secretary do? 

Most of our everyday activities are governed by technology. The ubiquity of internet-ready devices has made cutting-edge technology an indispensable part of the modern customer experience. For firms, this means that technology is an indispensable factor to consider in providing an exceptional customer experience. 

In the Philippines, a minimum corporate income tax (MCIT) of 2% is levied on the gross income of domestic and resident foreign firms, starting in the fourth taxable year after the start of operations. Aside from the annual MCIT, it is important that you comply with the tax laws and regulations imposed across the operating entities in the local hub. Whether you’re a small business owner or a corporate shareholder, settling your tax obligations can help you keep your company in its grounds. 

Year 2020 is finally here. We can expect a lot of technological changes in the coming months. To prepare you for these changes, it is important to review your current tools, software, and how they match your needs. Here is our review of 2019’s best finance and accounting software and how they can help you get more tasks accomplished.