Tax Basis Financial Statements....

The RR 3-2010 clarified that there are really big disparities between the PFRS/GAAP-basis financial statements and Tax-basis financial statements. In which, it strictly instructed the President who will be criminally prosecuted in the case that the disparities will result to more than 30% underpayment of any internal revenue tax that his company is liable for to reconcile their differences and present the same in the reconciling book of account.

In several BIR issuances, the BIR Chief, in relation to Section 232, NiRC, had advised you that in the case of conflict, the provisions of the NiRC (Tax Code) shall prevail over the financial or managerial accounting.

taxaccountingguru.com is informing you that the use of financial accounting remains to be unnecessary and cost-inefficient. You must as well align your accounting bookkeeping with the Tax Code rather than wasting your money in preparing financial statement for your creditors and investors and Tax-basis Financial Statements for the use and understanding of the BIR's personnel.

Please be advised that no law requires a revenue officer to follow the PFRS/GAAP but all the revenue officers including their bosses are mandated by law to follow, mental reservation and purpose of evasion, the Tax Code.  (June 27, 2015; 1.27 pm; Manila)

Why Our Mentors Matter? go@taxaccountingguru.com

The virtue of Complacency places our defences down and most importantly, blurred our vision to the OPPORTUNITY that the virtue of Change is offering. Take for an example the people who were enticed to go to the gym but after a year, became so frustrated for they didn't loss a pound or an inch. To have a visible Change, these people must choose the healthier food and correctly perform the applicable exercises. In this view, the advise of an EXPERT such as the Dietitian and an Exercise Instruction is needed.

In the field of TAXATION, although the practice of BRIBING a revenue officer became a habit and a very easy way out from the mental anguish, sleepless nights and unbearable stresses that the BIR's electronic Letter of Authority (eLA), Letter Notice (LN) and Subpoena Duces Tecum (SDT) bring, these Chronic problems of harassment, oppression, abuses and extortion (HOAX) from the revenue officers assigned to assess and collect taxes from you remain a difficult Challenge to overcome. IT'S LIKE A FAT DEPOSIT THAT WOULDN'T GO AWAY EVEN IF YOU ALREADY EMPLOYED THE MOST STRENUOUS EXERCISES.

DON'T WORRY ANYMORE.
taxaccountingguru.com will prepare you
for the coming 2014 eLA, LN & SDT.
It's a 3-session (2-hour) event...
It's a WORKSHOP, NOT A SEMINAR
Bring your paper and pen.

August 5 - eLA
August 6 - SDT
August 7 - LN

FREE IS FUN...
Pay only for the Book and Reference Materials (P2,500).
The Governing Rules re: TASW shall apply.

The registration shall only be accepted via the above email address.
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Salamat po.

>>>>>>>>>>>>OTHER IMPORTANT MESSAGE>>>>>>>>>>>>>>>

Remember the date of your empowerment
July 22-24, 2015 at University of the Philippines, Quezon City
FREE TAX ACCOUNTING
seminar workshop (TASW)

The registration is only via go@taxaccountingguru.com

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Ignoring a BIR's electronic Letter of Authority is dangerous and damaging. Every eLA should be taken seriously. To help taxpayers being audited via eLA, the TEMPLATES to protect the taxpayers' secrets and assets can now be secured for a minimal investment fee. To see and read the different types of defensive position letters, please visit 'taxaccountingguru.com' or click the tab SHOP on your left side. GET ONE THAT FITS YOUR SITUATION. Buy one. Buy all.