GVA Accounting

06/05/2026

https://www.facebook.com/share/p/18L1SKkmER/

REVENUE MEMORANDUM CIRCULAR NO. 033-2026

Provides clarification on the filing and payment of Estate Tax under the Estate Tax Amnesty

For full text, please click the link below

https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20NO.%2033-2026.pdf

02/05/2026

𝗛𝗢𝗟𝗜𝗗𝗔𝗬 𝗣𝗔𝗬 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦

In commemoration of Labor, a Regular Holiday, here's a gentle reminder of the holiday pay rules:

🔹 Did Not Work / Rest Day: Basic Wage x 100%
🔹 Did Work: Basic Wage x 200%
🔹 Overtime Work: Hourly Rate x 200% x 130% x No. of Hours Worked
🔹 Work on a Rest Day: Basic Wage x 200% x 130%
🔹 Overtime Work on a Rest Day: Hourly Rate x 200% x 130% x 130% x No. of Hours Worked

Labor Advisory No. 12-25: bit.ly/2026NationalHolidaysPayRules

02/05/2026

https://www.facebook.com/share/p/1GMHug4UH6/

Worried about losing your previous tax filings when you update to the new eBIRForms v7.9.6? 😟 Don't panic! 🛑

Revenue District Office No. 105 has you covered with this clear, easy-to-follow guide for transferring all your old files. We explain exactly which folders to copy and how to rename your files to meet the new 5-digit branch code standard.

Keep your records safe and make the transition seamless. Swipe through the steps below! 👇

20/04/2026

https://www.facebook.com/share/p/1B28Qp1ur6/

Audit Reporting

Your teachers will test you on the following:
a. Material vs pervasive judgment
b. Type of opinion
c. Proper report structure
d. EOM vs modification
e. Going concern disclosures

Common mistakes based on experience:
1. Confusing qualified vs adverse
2. Thinking EOM modifies opinion
3. Ignoring pervasiveness concept
4. Mixing scope limitation vs misstatement
5. Forgetting KAM requirement for listed entities

14/04/2026

https://www.facebook.com/share/18Vs4YHGW6/

𝗛𝗢𝗟𝗜𝗗𝗔𝗬 𝗣𝗔𝗬 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦

In commemoration of Araw ng Kagitingan, a Regular Holiday, here's a gentle reminder of the holiday pay rules:

🔹 Did Not Work / Rest Day: Basic Wage x 100%
🔹 Did Work: Basic Wage x 200%
🔹 Overtime Work: Hourly Rate x 200% x 130% x No. of Hours Worked
🔹 Work on a Rest Day: Basic Wage x 200% x 130%
🔹 Overtime Work on a Rest Day: Hourly Rate x 200% x 130% x 130% x No. of Hours Worked

Labor Advisory No. 12-25: bit.ly/2026NationalHolidaysPayRules
Labor Advisory No. 05-26: dole.gov.ph/news/labor-advisory-no-05-26-payment-of-wages-for-the-regular-holidays-on-02-apr-maundy-thurs-03-apr-good-friday-09-apr-araw-ng-kagitingan-and-special-non-working-day-on-04-apr-black-s

13/04/2026

https://www.facebook.com/share/p/1CirkHhZw2/

If under 8% & OSD - No FS Required ❌

If under Itemized Deductions, merong 2 scenarios:

1. Annual Sales 3M or less - FS only
2. Annual Sales more than 3M - Audited FS

Yung deadline for uploading ng FS or AFS and other attachments to ITR such as SAWT, 2307, 2316, etc. sa eAFS ay plus 15 days, generally April 30.

Reference: RMC 50-2018

EC TAXPH Reminder:
-April 15 deadline for 2025 Annual ITR
-April 15 deadline for SAWT, if with 2307
-Penalties, minimum of 1,000 + Surcharge + Interest

Learn how to file your own annual ITR and SAWT here:

👉 EC TAXPH Business Community (join the group and click featured post for complete instructions).

Comment 'ITR' para ma-approve ko yung request mo.

09/04/2026

https://www.facebook.com/share/p/1AtbSvJVTH/

Sample computation transfer of Title with Capital gains tax exemption.

04/04/2026

https://www.facebook.com/share/p/18PCSMazpc/

📢 RMC 20-2026 FAQ Series

Helping you navigate ITR filing with ease—one question at a time. 👇

25/03/2026

26/01/2026

https://www.facebook.com/share/p/1Jv3aVKdY3/

GOOD NEWS FOR EMPLOYERS & EMPLOYEES!

Pursuant to the issuance of BIR Revenue Regulations No. 29-2025, the non‑taxable thresholds for several De Minimis Benefits was increased effective January 6, 2026.

The new thresholds give employers greater flexibility to expand tax‑free employee benefits, while allowing employees to retain more of their earnings through higher take‑home pay.

21/01/2026

https://www.facebook.com/share/p/1b9iih8xJP/