10-5-2013, EMELINO T MAESTRO
Last 2012, Honorable Kim Henares scrapped the exemption of condominium-association due from VAT and income tax. Thanks to her, condo-unit owners/tenants have to financially suffer because the Condominium Corporations shall pass on to them the said taxes.
This 2013, a Court declared her order ‘INVALID’. However, it is still being challenged so its implementation may be somehow delayed.
My suggestion to you is to secure the same Court’s ruling so that the excess money attributable to the payment of VAT and income tax by condo unit owners/tenants not only may be returned to them but also the ‘paying it directly to the BIR’ may be stopped/avoided.
Otherwise, you just give yourselves a time to attend my seminar so that you may learn and quickly apply the true and correct ways in doing the above suggestions.
**IMPORTANT ANNOUNCEMENT
The Courts and BIR's known language.... TAX ACCOUNTING
Attend the Workshop/Training/Seminar
#taxaccountingcampaign, #emelinotmaestro, Sep 8, 2013
Many taxpayers confirmed that the use of GAAP (now known as PFRS) created more tax troubles, penalties and problems to a taxpayer than TAX ACCOUNTING
Recently, The National Society of Accountants in the United States of America says, “The cost of preparing generally-accepted-accounting-principles-based financial statements is EXCESSIVE and in many cases UNNECESSARY. Translating tax return information into a financial statement format can be a COST EFFECTIVE strategy.” which means that YOU DON'T NEED TO USE AND BE MANIPULATED/FORCED TO USE THE GAAP/PFRS.
The Bureau of Internal Revenue's position between GAAP and TAX ACCOUNTING can be deciphered from "The recording and recognition of business transactions for financial accounting purposes, in a majority of situations, differ from the application of tax rules on the same transactions resulting to disparity of reports for financial accounting vis-a-vis tax accounting (RR 8-2007). In case of differences, the provisions of the Tax (accounting) Code shall prevail (RMC 22-2004). Therefore, it is the financial statements which is in conformity with the Tax (accounting) Code that should be attached in the filing of Income Tax Return (BIR Ruling No. M-111-2006)."
Tax Accounting has three (3) layers which would start with value added tax accounting, then would be followed by withholding tax accounting and would end with income tax accounting. All of them shall comprehensively tackle the three (3) important requirements of the Tax Code which the BIR expects you to be knowledgable of. They are document accounting, book-entry making and timely-and-correct report-filing.
SCHEDULE
Oct 2, 9, 16, 23 & 30, 2013 - Retailers & Resellers
Nov 5, 12, 19, 26 & 28, 2013 - Petroleum/Gasoline Stations
Dec 9-13, 2013 - PEZA-registered Corporations
Jan 27-31, 2014 - Online Businesses
Feb 10-14, 2014 - Real Estate Dealers & Agents
Mar 17-21, 2014 - Engineering & Construction
Apr 21-25, 2014 - Restaurants & Fast Food Chains
May 19-23, 2014 - Manpower & Recruitment
Jun 23-27, 2014 - Hospitals, Clinics & Laboratories
Jul 21-25, 2014 - Advertising & Entertainment Agencies
Aug 18-22, 2014 - Importers
Sep 22-28, 2014 - Brokers on Commission Basis
Oct 20-24, 2014 -Pawnshops & Money Changers
Dec 8-12, 2014 - Local Service Providers
WHO MUST ATTEND
1, Those who are currently employed so that he/she may increase his/her value in an organization thus his/her salary/wage
2, Those who are currently looking for an employer so that he/she may increase his/her marketability/chance to be hired and get his/her desired salary/wage
3, Those who may have an opportunity to receive an eLA so that he/she may have an opportunity to stop/avoid existing/potential BIR’s illegal acts/advances and harassment
VENUE
Sofitel Luxury Hotel, PICC Complex, Pasay City
INVESTMENT FEE
Regular rate -29,289 pesos
Early bird rate -14,289 pesos
WHERE TO GET TICKETS
SMTickets' Online and SM Cinema
For your convenience, please deposit your investment fee at Bank of the Philippine Island (any branch), Saving Account No. 9579-0638-47 under the name of EMELINO T MAESTRO then scan-email the BPI-validated deposit slip to KATAXPAYER@GMAIL.COM..
Call ETM Tax Agent Office, QC
921 6107
439 3918
0998 979 3922
0922 801 0922
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