MSC Freelance Tax and Accounting Services

18/05/2026

📢 ATTENTION TAXPAYERS & BUSINESS OWNERS 📢

The Bureau of Internal Revenue has officially released Revenue Memorandum Circular No. 046-2026 regarding the extension of submission for 2025 Audited Financial Statements (AFS) and other attachments through the Electronic Audited Financial Statements (eAFS) System.

✅ Taxpayers who experienced eAFS submission issues on or before May 15, 2026 may still submit/re-submit their AFS and attachments until MAY 25, 2026 without penalties related solely to delayed submission.

✅ Those who already submitted via the prescribed contingency email procedure and received acknowledgment from the concerned BIR office are considered compliant.

📌 Reminder:
Always keep copies of your acknowledgment emails and ensure your submissions are complete and properly documented.

For full details and official guidelines, visit the official BIR Website

10/05/2026

Happy Mother’s Day to all the amazing moms who inspire us with their strength, patience, and endless dedication. 🌸💐

Just like mothers who tirelessly manage their homes, budgets, and families with love and care, we understand the importance of keeping everything organized and running smoothly.

MSC Freelance Tax and Accounting Services is here to give you peace of mind when it comes to your taxes, bookkeeping, and accounting needs, so you can focus more on what truly matters, family and the moments that count. ❤️

This Mother’s Day, we celebrate not only mothers but also the hard work, sacrifices, and financial wisdom they bring every single day.

Happy Mother’s Day to all super moms in the world! 🌷

01/05/2026

Today, we honor the hard work, dedication, and resilience of every worker who keeps our communities and businesses moving forward. 💼✨

This Labor Day, we celebrate you, the backbone of progress and success.

As your trusted tax and accounting partner, we remain committed to supporting your financial journey, helping you stay compliant, and making sure your hard-earned income works smarter for you.

📊 Need help with tax filing, compliance, or financial planning? We’re here to make things easier, so you can focus on what you do best.

Happy Labor Day! 🇵🇭

30/04/2026

30/04/2026

📢 **Attention Online Sellers & Content Creators!**

The BIR has issued **Revenue Memorandum Circular No. 038-2026**, requiring all registered online businesses, sellers, and digital service providers to **display their BIR Registration Seal Badge** across their platforms.

🔍 **Who’s covered?**
✔️ Online sellers (e-commerce, marketplaces, social media)
✔️ Content creators, vloggers, influencers
✔️ Digital service providers & freelancers

🖥️ **Where should it be posted?**
• Websites & mobile apps
• E-commerce platforms (Shopee, Lazada, etc.)
• Social media business pages/profiles

⚠️ **Key reminders:**
• Use only the official BIR-issued Seal Badge
• Ensure it’s visible, clear, and accessible to the public
• This promotes transparency and builds customer trust

📅 Stay compliant and avoid penalties—make sure your **BIR Registration Seal Badge** is posted properly!

29/04/2026

📢 NEW UPDATE FROM THE BIR

The Bureau of Internal Revenue has released Revenue Memorandum Circular No. 036-2026, announcing the availability of the updated Online eBIRForms Package Version 7.9.6.

Here are the key highlights you need to know:

✅ Updated filing rules for BIR Form 1701-MSM (for individuals under MICRO or SMALL taxpayer classification)
✅ New Alphanumeric Tax Codes (ATCs) for specific income payments
✅ TIN branch codes expanded from 3 digits to 5 digits
✅ Revised rules on Quarterly Income Tax Returns filing deadlines
✅ Additional bug fixes and system improvements for smoother e-filing

💻 Taxpayers are encouraged to download the latest version from the BIR website and ensure timely compliance to avoid penalties.

Stay updated and file your taxes correctly! 🇵🇭

16/04/2026

Just when you thought you could breathe… 🫥😳😩😅

16/04/2026

📢 NOTICE TO ALL CORPORATIONS

The Securities and Exchange Commission (SEC) has EXTENDED the temporary use of the 2020 General Information Sheet (GIS) Form for filing via eFAST until May 15, 2026.

This means corporations that are still setting up their eSECURE accounts (for access to HARBOR) may continue using the 2020 GIS Form during the extended period.

📌 Download the form here: https://bit.ly/2020GISForms

This extension gives companies more time to complete the necessary setup for HARBOR, the SEC’s system for submitting beneficial ownership information.

📍 Need help?

• Call 14-SEC (14-732)
• Message via SEC iMessage portal: https://imessage.sec.gov.ph/
• Or visit the nearest SEC office

Stay compliant and keep your filings updated!

15/04/2026

📢 NOTICE TO ALL COVERED CORPORATIONS

The Securities and Exchange Commission (SEC) has announced an extension of the filing deadlines for the 2025 Annual Financial Statements (AFS).

🗓️ New Deadlines:
✔️ Audited Financial Statements (AFS): June 15, 2026
✔️ SEC Form 52-AR (with AFS): May 15, 2026
✔️ Annual Reports (SEC Form 17-A, with AFS): May 15, 2026

This extension follows the updated BIR regulations and applies to corporations with fiscal year ending December 31, 2025.

⚠️ Reminder: Ensure your AFS submitted to the SEC are also duly received by the BIR in compliance with existing rules.

Please be guided accordingly and plan your submissions ahead to avoid last-minute issues.

14/04/2026

📢 PUBLIC ADVISORY

The Bureau of Internal Revenue has officially EXTENDED the deadline for filing the 2025 Annual Income Tax Return (AITR) and payment of corresponding taxes.

🗓️ New Deadline: May 15, 2026
(From the original April 15, 2026)
This extension, under Revenue Memorandum Circular No. 030-2026, gives taxpayers more time to:

✔️ File their income tax returns
✔️ Pay taxes due
✔️ Submit required attachments

The adjustment follows Executive Order No. 110 s. 2026, addressing current economic conditions and helping ease the burden on taxpayers.

💻 You may file and pay through BIR’s electronic platforms or via Authorized Agent Banks.

📌 Don’t wait until the last minute—use this extra time wisely!