Deficiency Value Added Tax. To Reduce it is Divine....

Procedures in Availing the Free Consultation on Deficiency Value Added Tax to be held at Sofitel Hotel

1. Due to a very limited space and time, only those who will strictly follow the prescribed instructions shall be given a chance to get a free consultation on matters pertaining to DEFICIENCY VALUE ADDED TAX ONLY.

2. For reservation, please email your name, company, mobile and either formal letter of demand, preliminary or final assessment notice (FLOD, PAN or FAN) to go@taxaccountingguru. Time will definitely be saved if the consultants may have a chance to read your problems in advance.

3. Download the GATE PASS as shown in kataxpayer.blogpot.com. Then, email it to at least 10 persons whom you know have tax troubles cc: go@taxaccountingguru

 4. You'll receive an email-confirmation as to the moment that you will be entertained.

5. Print the GATE PASS and paste at the back thereof your calling card and staple your FLOD, PAN or FAN and email-confirmation. Then, bring them all at the right moment.

6. Don't encourage any revenue officer but invite as many friends, suppliers and customers to like and share the post at www.facebook.com/kataxpayer.

7. Failure to confirm back your attendance shall mean that you forgo your entitlement.

8. Subject to (a) change without notice and obligation, and (b) Katax's terms and conditions.

ALL INFORMATION THAT YOU WILL BE SHARING AND SENDING SHALL BE HANDLED CONFIDENTIALLY AND WILL NOT BE SHARED OR SOLD TO ANYBODY.

For knowing more, please download and print the 'TODAY'S IMPORTANT NEWS'
0922 8010922

BIR's 3 Major Roads With 34 Interior Alleys

to be continued...

Deficiency Income Tax, Paano Ka Ginawa?

Procedures in Availing the Free Consultation on Deficiency Income Tax to be held at Sofitel Hotel

1. Due to a very limited space and time, only those who will strictly follow the prescribed instructions shall be given a chance to get a free consultation on matters pertaining to DEFICIENCY INCOME TAX ONLY.

2. For reservation, please email your name, company, mobile and either formal letter of demand, preliminary or final assessment notice (FLOD, PAN or FAN) to go@taxaccountingguru. Time will definitely be saved if the consultants may have a chance to read your problems in advance.

3. Download the GATE PASS as shown in kataxpayer.blogspot.com. Then, email it to at least 10 persons whom you know have tax troubles cc: go@taxaccountingguru

4. You'll receive an email-confirmation as to the moment that you will be entertained.

5. Print the GATE PASS and paste at the back thereof your calling card and staple your FLOD, PAN or FAN and email-confirmation. Then, bring them all at the right moment.

6. Don't encourage any revenue officer but invite as many friends, suppliers and customers to like and share the post at www.facebook.com/kataxpayer.

7. Failure to confirm back your attendance shall mean that you forgo your entitlement.

8. Subject to (a) change without notice and obligation, and (b) Katax's terms and conditions.

ALL INFORMATION THAT YOU WILL BE SHARING AND SENDING SHALL BE HANDLED CONFIDENTIALLY AND WILL NOT BE SHARED OR SOLD TO ANYBODY.

For knowing more, please download and print the 'TODAY'S IMPORTANT NEWS'
0922 8010922

Disallowed Expense Due to Non Withholding of a Tax

 I was so surprised when in 2013, the Secretary of Finance and the BIR Chief jointly issued a regulation stating that your failure to withhold a tax on your income payment will not only disallow such expense as a deduction from your gross income but also you have to pay the withholding tax appurtenant thereto.

That's preposterous. I believe that an abuse of power and authority had been performed. Accordingly, if you will read Section 34(K) and Section 248, NIRC and the legal doctrine 'solutio indebiti', you will notice and understand that the Tax Code is allowing a taxpayer to pay any of his internal tax liabilities LATE. In doing so, he is required to pay the civil fines appurtenant thereto. To allow a taxpayer to pay late is also to allow him to enjoy his personal property which in this case is the 'allowable itemised deductions'

What happened here is that Section 34(K) and Section 248 and the said doctrine were separately interpreted and implemented. The Philippine Supreme Court has already taught us the process in interpreting as well as understanding the laws, (yes, the organic and substantive law and not the BIR issuances) they must be harmonised with each other and no law shall be treated as an isolate from other laws. Furthermore, the old law can only be repealed by a new law. Therefore, Section 34(K) must be read with Section 248. Or, Section 248 has already repealed Section 34(K).

Please comment and share this post so that if we have the number we can file a declaratory relief at the Regional Trial Court.

Test of Intelligence: BIR subpoena

Using RMC 23-2009, Republic Act No. 9485 and RMO 53-98, prepare a LEGAL PETITION NOTICE against this Final Request For Presentation of Records.

Email your LPN at go@taxaccountingguru.com and give it a chance to be reviewed by the finest Tax Accounting Guru of the Philippines.

Legal Petition Notice, Still Valid and Binding Against Revenue Officers

OMBUDSMAN APOLOGISED

CPA and Driver's Licenses

EmelinoTMaestro

BIR Form No. 0605

Payment Form

BIR Form No. 1600

Monthly Remittance Return of Value Added Tax and Other Percentage Taxes Withheld - www.facebook.com/Kataxpayer

BIR Form No. 1916

Tax Practitioner's Application for Accreditation

Use this form if you want to be considered as an Accredited Tax Agent

Helping Newly Passed CPAs to Gain a Meaningful Experience

Empty Future Awaits the NEWLY PASSED CPAs
It's truly, truly believed that the big and powerful auditing and accounting firms are having problem in attracting newly passed CPAs to be their servant-employee whose duty is to do the difficult, dirty and dangerous assignments. In order to answer their problem, they've persuaded the Philippine Government to pass and implement a law that restricts a newly passed CPA to immediately practice his profession. All newly passed CPAs must show proof that HE HAS ACQUIRED THREE (3) YEARS OF MEANINGFUL EXPERIENCE IN ANY OF THE AREAS OF PUBLIC PRACTICE INCLUDING TAXATION in order to be allowed by the Board of Accountancy whose key officials are backed up and recommended by the big and powerful auditing and accounting firms to practice his profession. Tsk. Tsk. Tsk. Although the said law may truly be unconstitutional for it's a restraint of trade and practice of profession, a legendary hero from the ranks of the newly passed CPAs is needed to challenge it in the Court of Law.


Three (3) years?
36 months?
156 weeks?
1095 days?
26,280 hours?
1,576,800 minutes?
94,608,000 seconds?
Please click 'Today's Important News' for contact details.

If you’re interested for an ORIENTATION IN GAINING A MEANINGFUL EXPERIENCE and willing to learn more, click 'REGISTRATION REQUIREMENTS'. 

Things to be discussed in the actual course.....
1. Marketing your CPA services without violating the CPA's Code of Ethics and most importantly, the law that restricts you to practice your CPA-profession
2. Designing an appealing engagement letter
3. Understanding the unusual bookkeeping styles that your potential clients/employers are employing
4. What are the relevant and admissible forms
5. What are the fundamentals of tax basis financial audit
6. What are the initial audit approaches and techniques
7. How to prepare working papers that will stand the BIR/judicial scrutiny
8. How to develop and make a powerful audit report
9. How to conduct and conclude an audit-closing conference
10. How to organise and consolidate audit findings into a tax-basis financial statements

Per pax, the regular rate is 5,000 pesos while the early bird rate is just 1,500 pesos. However, if you'll bring a least two (2) of your many friends, you're entitled to a VIP rate of 500 pesos. Furthermore, if you will bring more friends, you will earn, in excess of two (2) your friends, 10% of the gross receipt (net of applicable taxes) collected therefrom. Finally, you friends can also avail of the VIP rate.

YOU MUST BE SURE THAT YOU'RE READY TO                                      OFFER YOUR SERVICES TO THE TAXPAYING PUBLIC....

TO GAIN A MEANINGFUL EXPERIENCE, SHARE YOUR KNOWLEDGE... Surely, you will gain friends, get respect from clients, position yourself as a COMPETENT AND RELIABLE CPA. Thus, more than that, you may acquire the required 'KNOWHOW' because KNOWLEDGE CAN GIVE YOU IDEA WHILE KNOWHOW IS YOUR TICKET TO MAKE MORE AND MORE MONEY.

Important: Subject to (1) change without notice and obligation and (2) all the applicable terms and conditions. By sending your email to go@taxaccountingguru.com, you knowingly and unconditionally agreed and adopted ETM's instructions, decisions and resolutions.


READ ALSO OTHER BLOGS OF KATAX ETM @ KATAXPAYER.BLOGGER.COM

To be ON-NEGOSYO, the GREATEST LOVE OF ALL.

The Greatest Love of All is To Get Into On Negosyo
FOR CPAs, NON-CPAs and NON-LAWYERS

From the time that I entered the Pamantasan ng Lungsod ng Maynila (PLM) until I graduated in 1986, my Mother seldom missed a chance to lovingly remind me about the beauty and benefits of having a college degree. 

I know right there and then that she doesn’t want me to replicate her ‘labandera cum plantsadora’ lifestyle. Although, she did not complete her formal studies, she led me to understand the (1) principles of matching costs against revenue, (2) strategy of a meeting, (3) marketing and selling techniques, (4) structural pricing, (5) cost and quality controls, (6) customer relation, (7) business ethics, and (8) time management. Little did she know that she profoundly helped and assisted me to become what I am  today.

I am thanking the Almighty God for making my Mother a business person, - labandera cum plantsadora, because if she was an employee then, she would always be racing to punch in her card before 8 am and too tired to share her wisdoms after 5 pm. Notwithstanding the fact that at that time her revenue is more than what a minimum wage earner is receiving, it is still insufficient to our family needs due to the fact that businesses have erratic and unpredictable earnings.

Now let’s talk about your Dream.

Dreaming to be an employee is a NO NEGOSYO nightmare. 

I was also brain-washed, brain-conditioned that after all the schoolings are done, the next best thing to do is to write a biota (resume), submit it to as many employers there are, compete with my friends and schoolmates for a preferred job-opening, wear proper attire during interview, impress potential employer, work from 8 - 12 hours a day, do an extraordinary and exceptional work, wait for the boss to notice it, wait either for a promotion so that an increased compensation may become a reality, or legislated wage-increase, etc., etc., etc.

Aspiring to be an entrepreneur is an ON NEGOSYO ambition.

I am so lucky to realise early enough that to be a successful Certified Public Accountant (CPA) is too difficult, dirty, and dangerous. In the Philippines, only those who either have tie-ups with big, famous and foreign-owned CPA Firms (difficult), political connections (dirty), or a dishonourable character to perjure, lie, misrepresent and bribe (dangerous) are the factors constituting ‘success’. I, Katax ETM, have neither hitch-up with any giant CPA firm, political attachment, nor am engaged in immorality. However, without these baggages, I still manage to be a successful business consultant.

Surely, in the beginning of being a Tax Consultant (For more substance, let it be called ‘Taxnocrat’.), I made so many mistakes and failures. That is the only reason for writing this, I DON’T WANT YOU TO REPLICATE MY ‘MISTAKES AND FAILURES’ LIFESTYLE. Truly, what I learned from PLM didn’t make any great impact but from what I experienced in dealing with so many business persons (presidents, accountants, lawyers, bookkeepers, beggars, security guards, etc.), revenue officials and other government employees made and is still making me a relevant and competent educator as far as the Philippine local and national taxation is concerned. Would you like to continue learning from inexperienced persons? If you’re answer is ‘NO’, then, you’re ‘ON’ Negosyo mode.

Here’s the deal. 

I am looking for a business partner, venturer, franchisee, licensee, etc. who will handle the influx of clients when I launch my newest business model and campaign. It's called TAXNOCRAT.

No franchise or licensee fee is to be paid or collected in the meantime. However, the books, training materials, seminar-room rentals, applicable taxes and other expenses related to your training are for your account. Per pax, the regular rate is 5,000 pesos while the early bird rate is just 1,500 pesos. However, if you'll bring a least two (2) of your many friends, you're entitled to a VIP rate of 500 pesos. Furthermore, if you will bring more friends, you will earn, in excess of two (2) your friends, 10% of the gross receipt (net of applicable taxes) collected therefrom. Finally, you friends can also avail of the VIP rate.

If you’re interested for an ORIENTATION and willing to learn more, click 'REGISTRATION REQUIREMENTS'.

To be discussed in the ORIENTATION

a. Who are qualified?

b. What are to be learned from a specific course?

c. How long it will take to finish a course?

d. Opportunities and challenges of being a specialist?
e. Feasibility and practicability of being a specialist?
f. Who will be your potential competitions?

g. Marketing a specialist services?

h. Profit sharing and revenue allocation?

i. Other costs and expenses to be incurred?

j. Many more . …… ……..

Specialists that taxpayers are looking for......
1. Payroll master-specialist
2. Tax bookkeeper-specialist
3. VAT return preparer-specialist
4. Income tax return preparer-specialist 
5. Withholding tax return preparer-specialist
6. Financial statements consolidator-specialist
7. Business registration, renewal and retirement specialist

Important: Subject to (1) change without notice and obligation and (2) all the applicable terms and conditions. By sending your email to go@taxaccountingguru.com, you knowingly and unconditionally agreed and adopted ETM's instructions, decisions and resolutions.

READ ALSO OTHER BLOGS OF KATAX ETM @ KATAXPAYER.BLOGGER.COM

Registration Requirements, Refund and Forfeiture, and Invoicing Requirements

Registration requirements.

Accounting Technician Congress
SM Megamall Conference
'How to handle BIR audit'

1. Your registration shall initially be accepted and recorded from the 
moment that you deposited your initial downpayment (non-refundable) at any BPI branch under the name 'EmelinoTMaestro', savings account number 9579 0638 47 (or as you're advised). It assures your entitlement to an early bird rate (or a reserved seat). The remaining balance must be paid five (5) days before the slated event. Failure to do so means that you're availing the regular rate (or forfeiture of your specified benefit).  All applicable taxes are for your account. Different events have different rates or INVESTMENT FEES. The term 'event' shall be known to be any or all the variants of seminars, lectures, forums, conferences, meetings, trainings, workshops and other related public teaching-offerings made or to be made by EmelinoTMaestro (ETM/Katax/Kataxpayer) and/or Tax Updates and Cash-Saving Devises (ETM-TAO/ETM Tax Agent Office).
2. Scan the BPI-validated deposit slip.
3. In the compose mail of your email account, (a) place your name and mobile number, (b) the date, time and name of the event to be attended (c) other information that may be of good help, and then, (d) attach thereto the scanned BPI-deposit-slip.
4. Email such to go@taxaccountingguru.com
5. Wait for an email-reply from ETM or his assignee/s. For his mobile- and landphone-numbers, print the 'TODAY'S IMPORTANT NEWS' newsletter.
6. In settling your remaining due and demandable obligation, the above-mentioned procedures shall strictly be followed.

7. All 'walk-ins' shall pay the applicable regular rate. 

Refund and forfeiture.
1. Your failure to attend an event in which a payment has been made shall disentitle you to attend the same event in the future or apply your payment to another type of event. However, at your option, it may be credited to a person of choice other than those that are already registered and paid their investment fees. Accordingly, your non-refundable payment shall be forfeited.

Invoicing requirements.
1. A VAT-registered official receipt shall be issued to you to cover for all the payments you've made including, but not limited to, non refundable initial payment, investment fee and other related charges or fees.
2. Your full and complete name, TIN and address shall be written on its face and shall appear on all the reportorial requirements unless you prefer someone else information to be written thereon. Your failure to provide them shall be deemed a request to write thereon the 'not-provided' term.
3. You must pick it up on the date and at the of the event and from the designated staff. Your failure to do so will release ETM, ETM-TAO and his/its designated staff from any civil/penal liability and damage related thereto. However, only via email advise, you may arrange with the designated staff the date and time to pick it up. Accordingly, your pick up point is either at the venue where the current event is being held or the principal place of office where the designated staff is reporting.
4. It is a MUST that you knowingly affix your signature thereon before it shall be released to you.

Withholding of a tax.
1. If you are required to deduct and withhold a tax from the income payment (net of 12% VAT) to be made, a BIR Form No. 2307 for expanded withholding tax and/or BIR Form No. 2306 for withholding value added tax must be supplied at the moment of payment. 
2. In the case that you, for whatever are your reasons, failed to do so, you empower the designated staff to prepare, on the date of the event, the required 2307/2306. Thus, it shall be your duty to sign all the copies thereof without delay or purpose of evasion. 
3. If you refuse to do so, you, as evidenced of this, authorise the designated staff to prepare, sign and issue the said return for and in behalf of your good self or the entity that you're representing. Your copy shall be scanned and emailed to you.

Enrolled Course.
1. If you enrolled yourself either in a TAX ACCOUNTING COURSE or TAX CONSULTING COURSE, or both, you unconditionally commit to abide by and adhere to the rules and regulations of ETM, ETM-TAO and advises of the assigned personnel. You understand and accept that their decisions, policies, procedures, instructions and the likes shall prevail over yours and other persons' decisions, policies, procedures, instructions and the likes and are admissible in any legal proceedings. The term 'course' means a lecture, seminar or workshop that may have more than one session a month and may run for at least twelve (12) consecutive months. 
2. The privilege to attend a session, lecture, workshop, seminar or the likes is not transferable and failure to attend it shall not give you a right to attend a future session having the same topic.
3. Once enrolled, you mandate yourself to pay the session fee (investment fee) on time even if you will not attend it.
4. You will be bar from attending the next session if you failed to settle your past and current account.
Important: Subject to (1) change without notice and obligation and (2) all the applicable terms and conditions. By sending your email to go@taxaccountingguru.com, paying the required fee and/or attending the slated event, you have understand, accepted, agreed and adopted, without mental reservation and purpose of evasion, all the instructions, procedures, policies, decisions and resolutions that are shown herein or may be provided to you in the future.

Forex Gain, Forex Loss - The PEZA Entity's Problems

According to the Court of Tax Appeals, in the case of Aegis Peoplesupport, Inc. versus Commissioner of Internal Revenue, it is ruled that PEZA-registered forex gain derived from an activity that is not registered or directly related to a registered activity of a PEZA-registered entity is not subject to the usual preferential tax rate being enjoyed by all PEZA-registered entities. It is learned that all the income/forex gain from the hedging of foreign-currency denominated funds is subject to regular income tax because it is not directly derived from a PEZA-registered activity while all the income/forex gain directly or incidental to a PEZA-registered activity must be taxed according to the tax being imposed thereon.

In other language, a forex gain is subject to 5% preferential tax rate or totally exempted from income tax provided that it is directly attributable to a PEZA-registered activity. In case that it is subject to 5% preferential tax rate, the forex loss derived from the same activity shall not be allowed as a deduction from such forex gain.

If the said forex gain is subject to regular income tax, the forex loss may be deducted therefrom in order to arrive at the true and correct taxable income.

To feel more confident in dealing with BIR-created problems, please feel free to attend the Tax Accounting Seminars for PEZA-registered entities. For details, please click 'TODAY'S IMPORTANT NEWS.'

RR 20-2002
PEZA MC 32-2005

To gain a meaningful experience, Share your knowledge

Some called it 'Suerte ko ito, eh'.
Some called it 'Ito ang tadhana ko'.

It doesn't matter how you will pacify your raging and uncomfortable feeling when the news that you flanked the CPA exams reached you.

The truth is that you failed yourself, you failed your parents. And, it's really hurting until now.

Finding your name not to be in the rosters of CPA passers created a feeling of INFERIORITY AND DESPAIR. Your consolation is to keep repeating and telling yourself that you're not alone because 60-80 percent of the HOPEFULS BECAME HOPELESS also.

To regain and reclaim yourSELF-CONFIDENCE, you need Katax. He is your support group that will help, assist and guide you to replace your old dream with a new and promising future. Yes, the future is still shining bright for you but you have to exert a little effort to gain and claim it.

Attend the EMELINOTMAESTRO's ON NEGOSYO seminar. It'll take a little of your time but he assures you that a better and profitable time lays ahead for you. To know its venue, date and time, kindly send your formal email request to the email account stated hereunder.

Jobs available to you.
1. Payroll master-specialist
2. Tax bookkeeper-specialist
3. VAT return preparer-specialist
4. Income tax return preparer-specialist 
5. Withholding tax return preparer-specialist
6. Financial statements consolidator-specialist
7. Business registration, renewal and retirement specialist

For newly passed CPAs, and non-lawyers and non-CPAs, Katax will teach and coach you on how to (a) get clients,(b) prepare and groom you to be a consultant, and (c) handle tax cases such as BIR's electronic Letter of Authority, Letter Notice, Subpoena Duces Tecum and Oplan Kandado, etc. 

Katax will truly train you. Then, he may truly, truly accept you as his partner.

Per pax, the regular rate is 5,000 pesos while the early bird rate is just 1,500 pesos. However, if you'll bring a least two (2) of your many friends, you're entitled to a VIP rate of 500 pesos. Furthermore, if you will bring more friends, you will earn, in excess of two (2) your friends, 10% of the gross receipt (net of applicable taxes) collected therefrom. Finally, you friends can also avail of the VIP rate.

To learn more, click this Registration Reguirements

Important: Subject to (1) change without notice and obligation and (2) all the applicable terms and conditions. By sending your email to go@taxaccountingguru.com, you knowingly and unconditionally agreed and adopted ETM's instructions, decisions and resolutions.

BIR Oplan Kandado, Wee Nam Kee

It's really puzzled me, www.emelinotmaestro.com, that even if there are sure ways and legal means to deter and deny the Bureau of Internal Revenue (BIR) in padlocking business establishments, many owners and taxpayers still fell victims to this unscrupulous trap.

What is Oplan Kandado? 
In English language, it means a surveillance. And, the BIR is using two (2) types of surveillances, - Overt and Covert. Overt means that it will inform you in advance that a surveillance shall be conducted within your business parameters while Covert means that you will not know if there is an on-going surveillance within your business area. Usually, not-in-uniform revenue officers are assigned to conduct a Covert surveillance.

Regardless of its choice, the Oplan Kandado is the weakest audit and assessment program that the BIR invented and it's the easiest to handle or survive. Knowing a little of it would prevent and deny the BIR to padlock your establishment and more importantly, collect an alleged deficiency taxes from your pocket.

The closure of Wee Nam Kee's seven (7) branches is unnecessary because the real victims thereof is not its owners BUT THE FAMILIES OF THE EMPLOYEES WHO SUBSISTENCE ARE SOLELY DEPENDENT TO THE COMPENSATION, TIPS AND SERVICE CHARGES COMING THEREFROM.

I, www.facebook.com/Kataxpayer, am inviting you and your fellow restauranteurs, employees, friends accountants, caterers and bookkeepers to attend and be empowered on how to manage and handle OPLAN KANDADO.

I AM ORGANISING A TAXPAYER SUPPORT GROUP THAT WILL MEET AND TACKLE RISKS REDUCTION AND TAX-TROUBLE SOLUTIONS RELATED TO OPLAN KANDADO. Please join now before your business becomes the next target and victim thereof.

It's nice to register early.
Send your LETTER OF INTENT (LOI) TO GO@TAXACCOUNTINGGURU.COM 
Click 'Today's Important News' for contact info..

IMPORTANT. Subject to change without notice and obligation. By sending your LOI, you unconditionally and knowingly adopted and accepted all the terms, conditions, orders, instructions and resolutions of Katax EmelinoTMaestro and his assignees.

Reclaim Back Your Life. Be Truly Independent.

Although Certified Public Accountants' engagement or contract with you states that his (CPA) duties are to audit your provided financial statements and reports and render an 'expert' opinion thereof, it can't be set aside that his primary obligation specially to the Bureau of Internal Revenue (BIR) is to check and verify if your books of accounts have accounting entries. And, if such entries are properly lifted therefrom into returns, reports and statements.

Vision: Reclaiming Back the Integrity and Competency of CPAs

For your convenience, Tax Accounting Guru, www.emelinotmaestro.com, is supplying you the penalty to be imposed to all CPAs who knowingly issued 'Audited Financial Statements' without disclosing therein that his output is based not on the accounting entries stated in your books of accounts. Please click the 'PENALTY FOR CPAs' in order to LEARN MORE.

It is nice to remember that the BIR is now going after CPAs who maliciously violating provisions of the National Internal Revenue Code.

Empty Future for NEWLY PASSED CPAs?
It's truly, truly believed that the big and powerful auditing and accounting firms are having problem in attracting newly passed CPAs to be their servant-employee whose duty is to do the difficult, dirty and dangerous assignments. In order to answer their problem, they've persuaded the Philippine Government to pass and implement a law that restricts a newly passed CPA to immediately practice his profession. All newly passed CPAs must show proof that HE HAS ACQUIRED THREE (3) YEARS OF MEANINGFUL EXPERIENCE IN ANY OF THE AREAS OF PUBLIC PRACTICE INCLUDING TAXATION in order to be allowed by the Board of Accountancy whose key officials are backed up and recommended by the big and powerful auditing and accounting firms to practice his profession. Tsk. Tsk. Tsk.


Three (3) years?
36 months?
156 weeks?
1095 days?
26,280 hours?
1,576,800 minutes?
94,608,000 seconds?

If you need help and assistance in getting the so-called 'MEANINGFUL EXPERIENCE', please register now for an ORIENTATION SEMINAR entitled 'EARNING THE REQUIRED MEANINGFUL EXPERIENCES FOR CERTIFIED PUBLIC ACCOUNTS'. Send your LETTER OF INTENT TO GO@TAXACCOUNTINGGURU.COM Please click 'Today's Important News' for contact details.

IMPORTANT. Subject to change without notice and obligation. By sending your email, you unconditionally and knowingly adopted and accepted all the terms, conditions, orders, instructions and resolutions of Katax EmelinoTMaestro and his assignees.

Who needs an ILLEGAL ADVISER?

Illegal Adviser

I, www.emelinotmaestro.com, was invited to attend a board meeting where the stockholders of a known corporation and its lawyers and finance people are present and participating.

It was my understanding that the topic or issue to be discuss is tax accounting so politely, I asked the lawyers present thereat about the topic or issue that they would be tackling. One of them answer, 'We are here because we are the "ILLEGAL ADVISERS".

Seriously, I paused and re-thought the participation of lawyers to the lives of many taxpayers and Filipino people. And, I surmised from my own experiences that many that I met and talked to really provided illegal suggestions and recommendations.

Next time that you will get a counsel, please ask if he (lawyer) is a good legal or illegal adviser.

FOR COMMENT AND SUGGESTIONS on tax issues or topics that you want EmelinoTMaestro (Katax) to discuss herein, please email him at go@taxaccountingguru.com...
Visit his Facebook.com/Kataxpayer account

CPA: Can't Trust Accountants?

CPA LOVES (ROBS) ME?

The Philippine Government may charge you 'fraud' or 'negligence' if you will knowingly ignore its basic instruction 'IGNORANCE OF THE LAW EXCUSES NO ONE FROM COMPLIANCE THEREWITH'

Closing of books of accounts and preparing the annual income tax return and financial statements are just around the corner. And, as all taxpayers knew, a service of an individual having a specialised intellect in accounting would be needed soon. It’s the time of the year when you have to be very careful in choosing what kind of accounting services are you going to pursue.

Hear the Japanese people pronounce the word ‘Love’ and you will understand it as ‘Rob’. It’s funny but annoying. For the past twenty (20) years, this is what is running inside my head, “Is my CPA loving or robbing me?”

Two (2) parts of www.emelinotmaestro.com have been discussing about the Robbing Relationship with a CPA for too long. Their conversations are summarised hereunder.

“For the past several decades or so, my existing CPA solely handled the preparation of my books of accounts, annual income tax return and financial statements. And, for the same number of years, the BIR never missed a year to examine them. It’s examination is not cheap but it's financially draining, mentally anguishing and emotionally painful.

I don’t know much about the ‘tax’ and ‘accounting’ things. For such, I engaged the services of a CPA to do them for me. I want to comply with the law of the Philippines because by doing so, I understand that I am pampering myself with respect and peace of mind. However, in my past and present situations, my CPA is not an ASSET anymore but more of a LIABILITY. I am becoming aware that CPAs should no longer be TRUSTED in doing what the BIR requires. I need someone who would NOT RECOMMEND to ‘bribe’ a revenue officer and can explain in a clearer language the tax assessments, and rules and regulations which I can’t get or experience from the list of CPAs.

When I asked for their legal advise and assistance on the matters of taxation, it’s also frustrating and irritating to hear from my lawyers that it’s better to have a connection, - a brother, a friend, an associate, inside the BIR whose job is to fix things for me. There must be no fixing if only my CPA really understands the BIR-requirements and my lawyers have the competence to guide me. Both has the responsibility to protect me but I can’t feel it from them. It’s a waste of money in paying these people.

I come now into a conclusion that my CPA is doing me no good but there is no other professional to help and assist me to get rid off of incompetency and negligence. I wish there is a School where I can learn by myself the simplicity of the complexities being implemented by the BIR.”

Ignorance kills good people. 

In some cases, ignorance needs an accomplice to execute its dishonest pursuit. If you're interested to remove 'ignorance' in your lifestyle, try to attend and click the TAX ACCOUNTING LITERACY PROGRAM while to register, click REGISTRATION REQUIREMENTS

Reserve a seat now. 

Fee shall be collected upon confirmation.

Click Today's Important News for details

BIR Benchmarking Notice, a Desperate Move to Cover Bad Habits?

100,000 Benchmarking Notices Released (BIR)

by… EmelinoTMaestro.com and facebook.com/Kataxpayer

Roaming now is the 100k Benchmarking Notices. Two (2) have reached ETM. And, they showed that the concerned taxpayers, by way of WARNING THEM THAT ALL THE AVAILABLE ADMINISTRATIVE REMEDIES such as eLA, tax mapping, surveillance, Oplan Kandado, tax evasion, SDT, etc. will be imposed, must pay the POSSIBLE deficiencies that amount to 2.2M and 1.3M, respectively.

Don’t be afraid. It’s an old trick. It's nothing. It can’t hurt any taxpayer. It’s contrary to Section 269, National Internal Revenue Code, as amended. However, you need to answer it within the timeframe (15 days) stated therein so that you would not be burdened by the so-called ‘ESTOPPEL’.

Estoppel means that when there is a need to speak, you failed to speak.

To be sure, please consult an authority thereto,

ETM Tax Agent Office, located at Unit 419 Corporate 101, Mother Ignacia, Quezon City

Call: 439 3918 

Text: 0922 8010922

Email: go@taxaccountingguru.com

My Mother Knows Best (On Negosyo)

ACCOUNTANTS. MADALI AT MABILIS NA ANG PAG-ASENSO

facebook.com/emelinotmaestro

From the time that I entered the Pamantasan ng Lungsod ng Maynila (PLM) until I graduated in 1986, my Mother seldom missed a chance to lovingly remind me about the beauty and benefits of having a college degree. 

I know right there and then that she doesn’t want me to replicate her ‘labandera cum plantsadora’ lifestyle. Although, she did not complete her formal studies, she led me to understand the (1) principles of matching costs against revenue, (2) strategy of a meeting, (3) marketing and selling techniques, (4) structural pricing, (5) cost and quality controls, (6) customer relation, (7) business ethics, and (8) time management. Little did she know that she profoundly helped and assisted me to become what I am today.

I am thanking the Almighty God for making my Mother a business person, - labandera cum plantsadora, because to be an employee, she would always be racing to punch in her card before 8 am and too tired to share a wisdom after 5 pm. Notwithstanding the fact that at that time her revenue is more than what a minimum wage earner is receiving, it is still insufficient to our family needs due to the fact that businesses have erratic and unpredictable sales and revenues.

Now let’s talk about your Dream.

Dreaming to be an Employee is a nightmare. 

I was also brain-washed and brain-conditioned that after all the schoolings are done, the next best thing to do is to write a biota (resume), submit it to as many employers there are, compete with your friends and schoolmates for a preferred job-opening, wear proper attire during interview, impress potential employers, work from 8 - 12 hours a day, do an extraordinary and exceptional work, wait for the boss to notice it, wait either for a promotion so that an increased compensation may become a reality, or legislated wage-increase, etc., etc., etc.

Dreaming to be an Entrepreneur is a successmare.

I am so lucky to realise early enough that to be a successful Certified Public Accountant (CPA) is too difficult, dirty, and dangerous. In the Philippines, only those who either have tie-ups with big, famous and foreign-owned CPA Firms (difficult), political connections (dirty), or a dishonourable character to perjure, lie, misrepresent and bribe (dangerous) are the factors constituting ‘success’. I, www.emelinotmaestro.com, have neither hitched-up with any giant CPA firm, attached to any political powerhouses and clans, nor engaged in immorality in order to be successful.

Surely, in the beginning of being a Tax Consultant (For more substance, let it be called ‘Taxation Professional’.), I made so many mistakes and failures. For that reason, I am inviting you to attend the TRABAHO AT NEGOSYO: For Small and Start-up Accountants, Bookkeepers and Consultants in order for you not to  REPLICATE MY ‘MISTAKES AND FAILURES’ LIFESTYLE. 

Truly, what I learned from my school, the Pamantasan ng Lungsod ng Maynila didn’t make any great impact or dent in my life but from what I experienced in dealing with so many business persons (presidents, accountants, lawyers, bookkeepers, beggars, security guards, etc.), revenue officials and other government employees made and is still making me a relevant and competent educator in  Philippine local and national taxation. 

Would you like to continue learning from inexperienced persons or wait for your lucky stars rain down on you? 

Visit EmelinoTMaestro.com or Kataxpayer Facebook for more details.