Tax Accounting for Government Regulations (Do It Yourself Tax Bookkeeping)

If you see a Provision for Income Tax in your Income Statement or annual income tax return and a Income Tax Payable in your Balance Sheet, you are a candidate to RECEIVE A BIR's LETTER OF AUTHORITY because you are advertising that you are ignorant of the Tax Code and boosting that you have ample money for bribery. Tsk. Tsk. Tsk. ETM suggests that it is time to change your CPAs or re-visit his contract with you.

Learn and continue to use the legal bookkeeping. Meaning, you use the dialect of the BIR in recording and reporting your business transactions. Principles and Standards as being promoted by business guru and CPAs are not laws of the Republic of the Philippines and sometimes, the source of graft and corruption because they are contrary to the laws, Tax Code.

ETM already finished the Tax Bookkeeping for Government Regulations wherein he presented the true and correct application of the Tax Code into your bookkeeping needs (not wants). Tax Code is called a Special Law. Thus, your Bookkeeping is also called a Special Bookkeeping. For this purpose, Financial bookkeeping should not replace the Special Bookkeeping. Neither, the managerial bookkeeping replaces the Special Bookkeeping.

At TaxationProfessionalUniversity.com, ETM presented the pre-formatted bookkeeping entries that you need to use to comply with the language or dialect of the Tax Code (Remember the saying, 'When in Rome, do what the Romans do.) The proper entries for filing of no payment return, with payment return and late payment return, deficiency tax, tax refund and other transaction affecting the tax returns and reportorial requirements had been provided generously.

Furthermore, you may avail yourself, your friends and relatives of the Study Now Pay ETM Later Program. Request for a copy of its contract today.

For those CPAs, Non-CPAs and Consultants who feel that they need the help and mentorship of Emelino T Maestro, feel free to contact him at your most convenient time and date.

ETM contact details are go@taxaccountingguru.com, 0998 9793922, 0922 8010922, 0917 8610550, TaxationProfessionalUniversity.com and Unit 419 Corporate 101, Mother Ignacia, Quezon City.

Thank you for sharing this info to other taxpayers.