Friday 5 December 2014

Kim Henares said, Tax Code shall prevail over PFRS and GAAP... by facebook.com/Kataxpayer

The rule of taxation must be uniform and equitable - 1987 Philippine Constitution

Read the herein shown letter of Ms. Kim Henares to facebook.com/EmelinoTMaestro, then picture that you're being investigated because you miserably failed to recognise that your independent Certified Public Accountant's audited financial statements have no disclosures on the issues affecting national taxation. Then, you felt that you're betrayed for your intention is to comply with the Tax Code and not with the PFRS/GAAP.

As a parent, will you offer a solution to your kids that they didn't need, neither understand? Yes, you will feel so guilt, so ashamed because you're just wasting your kids' time and polluting their minds if you do so. As also a kid, this is what your mind is whispering to you. You're becoming so  frustrated. Without a solution in sight, you tell yourself that you will evade taxes, even if a part of you are screaming not to do so, so that you can have something to give to those harassing, bothering and oppressing you. 

The rule of taxation must be uniform. Inside the taxation-rule is the tax accounting rule. If the preparation of your income tax return which is based on tax accounting rules is supported by audited financial statements which must also be based on tax accounting rules, you will encounter no tax troubles and miseries. Else, gross misconduct had been exercised consciously. Thus, the receipt of huge deficiency tax assessments is imminent. 

EmelinoTMaestro believes that to reconcile PFRS/GAAP to Tax Code is just a waste of time and in the dialect of the National Society of Accountants of the United States of America, too costly and expensive. PFRS/GAAP is copied from abroad and to use it is only an option. The Tax Code, on the other hand, is the law that is created for the Filipinos, by Filipinos, and of Filipinos and to use it is not option or in other words, mandatory and obligatory. This is the reason for which Ms. Kim Henares is ordering you to reconcile your PFRS/GAAP basis financial statements with the Tax Code.

You're invited to learn and earn from a seminar called 'INTRO TO TAX ACCOUNTING'
THIS INVITATION IS FREE OF CHARGE. YOU CAN ALSO BE TREATED FOR A FREE HOTEL MEAL ALSO. JUST PAY FOR THE REFERENCE MATERIALS AND BOOKS THAT YOU WILL YOU USE DURING THE SEMINAR - P2,500/PAX

ETM IS ALSO INTERESTED TO CONDUCT THE 'INTRO TO TAX ACCOUNTING' SEMINAR AT YOUR PRINCIPAL PLACE OF BUSINESS OR OTHER EVENT PLACE LOCATED IN METRO MANILA. IT IS ALSO FREE OF CHARGE, PROVIDED THAT THE REFERENCE MATERIALS AND BOOKS TO BE USED DURING THE SEMINAR SHALL BE PAID TO EMELINOTMAESTRO; MINIMUM PARTICIPANTS, 10 PAX.

YOU MAY SHARE THIS TO ALL ACCOUNTING, FINANCE AND PERSONNEL DEPARTMENTS AND OWNERS OF BUSINESSES WHOM YOU REALLY KNOW.


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