The Closing & Opening of Books of Accounts for 2023
ATTENTION: Chief Accountants, Treasurers, Administrative Officers, HRD, Business Owners/Employers
Available Webinar Schedules
TBA
Available On-Site Seminar Schedules
TBA
Venue: Century Park Hotel - Manila
Another taxable year ended and it is time to close the company's books of accounts for 2022 in preparation for the next tax-filing season 2023. End of the year also sparks the preparation of our year-end withholding tax obligations like the annualization of compensation of employees and other compliance requirements such as registration of books of accounts and renewal of BIR and LGU registration. Hence, a good knowledge of important rules and procedures in avoiding mistakes and saving your company from the costly process of dealing with tax assessment is a vital concern.
I. NEW GUIDELINES IN SECURING AUTHORITY TO PRINT (ATP) Official Receipts, Sales Invoices and other Commercial Invoices using the ON-LINE ATP
SYSTEM
II. CLOSING AND OPENING OF BOOKS OF ACCOUNTS
-
Payment of Annual Registration Fee
-
Submission of Annual Alphalists of Payees
-
Submission of Annual Alphalists of Employees
-
Submission of Inventory Lists
-
Basic Reminders for DTI, SEC, SSS, PhilHealth
III. REGISTRATION, UPDATES AND CANCELLATION PROCEDURES
A. PRIMARY REGISTRATION
-
Policies on the application and issuance of TIN
-
Persons who are required to or may secure TIN
-
Registration of Business Taxpayer
-
Submission of a Mayor's Permit prior to registration is mandatory
-
Application of Authority to Print (ATP) Receipts/Invoices
-
Accreditation Procedures of Printers
-
Receipts/Invoice should have security/special markings/features
-
Registration of Manual Books of Accounts; or
-
Application for Permit to use Computerization Accounting System (CAS) or components
-
Application for Permit to use Loose Leaf Accounting Records, if applicable;
-
Application for Permit to use CRM/POS Machines, and the like, if applicable;
-
Permit to Operate for taxpayers engaged in excise taxes
-
Annual Registration Fees
-
Who are exempt from paying annual registration fees
-
Secure Certificate of Registration
-
Proceed to Secondary Registration
-
Get "Ask for Receipt" notice
-
Attend the taxpayer's initial briefing
B. SECONDARY REGISTRATION
-
Printing and issuance of official receipts/sales invoices;
-
Keeping/Registering of books of accounts and other accounting records;
-
Apply for certain accreditation requirements;
-
Securing other applicable registration-related permits
IV. BASIC COMPLIANCE REQUIREMENTS FOR EACH TYPE OF INTERNAL REVENUE TAX
-
Income Tax, VAT, Percentage Tax, Withholding Tax
V. TRANSFER OF REGISTRATION
-
Individuals Earning Purely Compensation Income
-
Transfer of Employees of Transferring Employers
VI. OTHER REGISTRATION UPDATES
-
Change in the nature of the business
-
Persons whose transactions are exempt from VAT
VII. PENALTIES
-
Failure to register, Late Registration; Late payment of ARF; Failure to register a branch or facility; Acquisition of Multiple TINS; Failure to and/or erroneous supply of information
WEBINAR FEE: Php. 2,000.00
(Payment made through bank deposit atleast 1 day [cut-off time: 4:00pm] before the seminar)
(Credit/Debit Card payments are accepted via PayPal)
ON-SITE SEMINAR FEE: Php. 4,000.00 (Early-Bird Rate) | Php. 4,500.00 (On-Site Rate)
(Payment made through bank deposit atleast 1 day [cut-off time: 4:00pm] before the seminar)
(Credit/Debit Card payments are accepted via PayPal)
*Please make all check payments payable to "IPG Training Institute for Professional Advancement"