Common Errors of Accountants in the Field of Taxation

Program Overview

Certified Public Accountants (“CPAs”), including accountants and bookkeepers, should know the importance of existing BIR revenue issuances in preparing the company’s tax returns. Any mistake committed in preparing tax returns may entail additional costs such as surcharge, interest, and compromise penalties. Thus, a taxation module has been developed to address the CPAs’ concerns.

Further, to be an effective tax agent and practitioner, CPAs must know appropriate tax planning to reduce tax payments legally (known as tax avoidance) and must be aware with current techniques used by the BIR revenue officers in the audit and examination of taxpayers.

With the passage of the Tax Reform for Acceleration & Inclusion (TRAIN) law last December 19, 2017 and the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) on March 26, 2021, and various subsequent issuances of the BIR on the final implementation and interpretation, we deem it relevant to revisit the highlights of the law which have direct impact on employee withholding and fringe benefit tax.

The BIR has issued numerous revenue regulations and revenue memorandum circulars that are relevant to the aforementioned topics hence, there is a need for this seminar

Objectives of the Training

After the seminar, the participants should be able to:

1. Identify the specific BIR rules and regulations in preparing tax returns
2. Determine the assessment procedures conducted by the BIR
3. Know the current techniques used by BIR in tax audit and investigation
4. Familiarize with tax remedies and tax management of taxes.

Course Content

I. Revised Schedule of Compromise Penalty

II. Violations in Bookkeeping Rules and Regulations

III. Registration Requirements

IV. Keeping of Books of Accounts

V. Preservation of Books of Accounts and Other Accounting Records

VI. Printing of Receipts or Commercial or Sales Invoices

VII. Machine Control Specifications Features

• A.  For Cash Register Machines
• B.  For POS Machines

VIII. Reporting Of Monthly Sales

IX. Deductible Expense

X. Itemized Deduction

XI. Expenses In General

XII. Minimum Corporate Income Tax

• A. Minimum Corporate Income Tax on Domestic Corporations
  Imposition of Tax
• B. Carry Forward of Excess Minimum Tax Minimum Corporate
  Income Tax (MCIT) on Resident Foreign Corporation

XIII. Withholding Tax Violations

XIV. Duties & Obligation of a Withholding Agent

XV. Value Added Tax Violations

XVI. Requirements on Input Tax

XVII. Invoicing Requirements

Resource Speaker

Atty. Arnold A. Apdua, CPA
Former B.I.R. Insider
Managing Partner of AAA and Co.

Click here for his profile.

 

Training Investment

REGULAR RATE
Php 1,699.00 + VAT

EARLY BIRD RATE
Php 1,399.00 + VAT until October 16, 2024

GROUP RATE
Php 1,299.00 + VAT per pax for 5 – 14 pax

SUPER GROUP RATE
Php 1,099.00 + VAT per pax for 15 or more pax

BIRTHDAY MONTH PROMO – FREE SEAT
Register within Your Birthday Month with at least 2 Paid Pax @Php1,699.00+ VAT per pax (Must present proof of date of birth)

JOIN NOW PAY LATER PROMO
Pay After 30 Days from the date of the Masterclass @ Php1,899.00+ VAT per pax

Presentation Materials and the Digital Certificate will be provided

 

In-House Training

Looking for customized in-house training in HR, Labor Law, Taxation, Accounting, Supply Chain Management, Soft Skills, or similar areas?

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Thank you and enjoy!

Keep safe and God Bless!