RJ Sayas Accounting Office

22/05/2026

https://www.pna.gov.ph/articles/1275514

MANILA – In a major win for millions of Filipino professionals, the House of Representatives on Wednesday night approved on third and final reading a measure extending the validity of Professional Regulation Commission (PRC) identification cards from three years to five years, easing renewal…

21/05/2026

🚀 BIG NEWS FOR BUSINESS OWNERS & FREELANCERS! 🥳If you’ve ever tried to close a business in the Philippines, you know it used to be an absolute nightmare—months of waiting, endless paperwork, and automatic audits.

Thanks to the Ease of Paying Taxes (EOPT) Act, the BIR just dropped RMC No. 47-2026, and it changes everything:

✅ Instant Penalty Stop: Future penalties for non-filing stop compounding the moment you submit your complete closure documents. No more open cases piling up while you wait!
✅ No Mandatory Audits for Micro-Taxpayers: If your gross sales are under ₱3M, you are completely exempt from mandatory closure audits.
✅ 3-Day Turnaround: Clearances for qualified micro-taxpayers will now be issued in just 3 working days!
✅ File From Home: You can now submit your closure applications online via ORUS, the TRRA portal, or email.

Don't just walk away from an inactive business and let penalties build up. The process is finally streamlined, simple, and fair. Read our latest blog post for the full step-by-step breakdown and the exact checklist of documents you need! 💻👇

https://rjsayas.com/

13/05/2026

The Securities and Exchange Commission (SEC) has suspended the imposition of monthly penalties in the late or non-filing of reportorial requirements until December 31, 2026 in order to reduce transaction costs and promote the ease of doing business.

In its meeting last May 5, the Commission En Banc approved the suspension of penalties imposed for every month of delay for the late or non-filing of reportorial requirements, as provided under SEC Memorandum Circular No. 6, Series of 2024 (MC 6).

The Securities and Exchange Commission (SEC) has suspended the imposition of monthly penalties in the late or non-filing of reportorial requirements until...

08/05/2026

Sharing a brief article on what to do if you don't receive an email confirmation after submission in eBIRForms

06/05/2026

Exciting news! 🚀

I’ve been hard at work modernizing our operations to better serve you. I am thrilled to invite you to visit the refreshed home page of my CPA firm at www.rjsayas.com.

Whether you are looking for professional accounting services, tax compliance updates under the new Ease of Paying Taxes (EOPT) Act, or simply want to learn more about how we can help your business grow, our new site is designed to be your go-to resource.

What’s new on the site?

Streamlined Professional Services: A clear look at how we handle financial reporting and auditing.

EOPT Law Insights: Stay updated on the latest BIR circulars and tax deadline guides.

Cloud-Integrated Support: We are transitioning to modern, cloud-based tools to ensure your data is secure and accessible.

As a CPA and Fellow Chartered Financial Practitioner, my goal is to make your financial journey as smooth as possible. Come take a look and let me know what you think of the new design!

See you at www.rjsayas.com! 💻✨

13/03/2026

The Ease of Paying Taxes (EOPT) Act (RA 11976) introduces significant administrative reforms aimed at simplifying tax compliance and protecting taxpayer rights.

Below is a summary of the key benefits, categorized by their impact on business operations:

1. Classification-Based Concessions
The law formally categorizes taxpayers into four groups: Micro (

12/03/2026

Usap-usapan sa mga practitioner na required na daw mag manual filing ng BIR Form 1701MS for this tax season.

Ano nga ba ang 1701MS?

Ito ang ITR form na gagamitin ng mga taxpayers classified as Micro or Small, in relation to some reforms introduced in the Ease of Paying Taxes Law (EOPT)

Required na nga ba gamitin ito via manual filing kasi hindi pa available sa eBIRForms or eFPS?

According to BIR, they will be releasing official guidelines for this. Habang wala pa, pwede pa rin ang existing forms (1701, 1701A). In case nakapag-file na kayo ng ITR tapos lumabas yung guidelines, no need to re-file using the 1701MS. Sufficient na yung 1701/1701A. Kaya they suggest filing your ITR early

Let's not wait for the last minute, though there have been several instances na naglalabas ng bagong guidelines kung kelan malapit na sa April 15 deadline