VAB Accounting

VAB Accounting Value Added on your Business!

05/12/2025

You don’t need to take big risks to get rich.
Playing it safe works — if you do it right.

The myth is: high risk = high reward.
But you can build wealth steadily without risking it all.

Most people think you need to take massive risks to build wealth.
But here’s a simple truth: you don’t need to be a founder, crypto genius, or property mogul.

Here’s how to build long-term wealth — the safe way:

Get a 9–5 job
↳ Nothing wrong with steady income. Stability is underrated.

Build a 6-month emergency fund
↳ Life happens. Be prepared. Peace of mind = power.

Invest 20% of your income
↳ Automate it. Start small. Let compounding do its job.

Increase it to 30% when promoted
↳ Lifestyle creep kills wealth. Don’t let it.

Start a side hustle
↳ Turn skills into income. Don’t trade time for money forever.

Invest 100% of your side hustle income
↳ This is how you speed up the process. That money multiplies.

You don’t have to gamble to get wealthy.
You just need a system — and patience.

Smart tips on saving, investing, and building wealth, one habit at a time.

Accounting Knowledge Concepts Accounting Knowledge Concepts

20/11/2025

Avoid the Rush!

The BIR is reminding corporate taxpayers to file their 2025 3rd Quarter Income Tax Return and pay the Tax Due thereon on or before December 01, 2025.

23/10/2025
04/10/2025

Mark Herras, naging sandalan ang negosyo para buhayin ang kaniyang pamilya.

Para kay Mark, hindi panghabang-buhay ang showbiz. Dumating siya sa puntong nanghihiram ng pera sa mga kaibigan para may panggastos. Pero bilang provider at may sariling pamilya, lakas-loob niyang pinasok ang pagbebenta ng karne — ang Farmer’s Premium Meat Shop.

Ngayon, masipag niyang tinututukan ang kaniyang negosyo at panatag na siya na may maaasahan sila araw-araw.

Kasama si Karen Davila, alamin natin kung paano naging matagumpay na entrepreneur ang dating leading man at performer.

Watch the full episode here:
https://youtu.be/laIO5rfLnQ4

28/09/2025
25/09/2025

BIR Tax Deadline

September 25, 2025 Thursday

SUBMISSION
Quarterly Summary List of Sales/Purchases/Importations by a VAT Registered Taxpayer - Non-eFPS Filers. Fiscal Quarter ending August 31, 2025
Sworn Statement of Manufacturer’s or Importer’s Volume of Sales of each particular Brand of Alcohol Products, To***co Products and Sweetened Beverage Products. Fiscal Quarter ending August 31, 2025

e-FILING/FILING & e-PAYMENT/PAYMENT
BIR Form 2550Q (Quarterly Value-Added Tax Return) - eFPS & Non-eFPS Filers. Fiscal Quarter ending August 31, 2025
BIR Form 2551Q (Quarterly Percentage Tax Return) – eFPS & Non-eFPS Filers. Fiscal Quarter ending August 31, 2025

11/09/2025

BIR Tax Deadline

September 11, 2025 Thursday

e-FILING
BIR Forms 1601-C (Monthly Remittance Return of Income Taxes Withheld on Compensation) and/or 0619-E (Monthly Remittance Form of Creditable Income Taxes Withheld-Expanded) and/or 0619-F (Monthly Remittance Form of Final Income Taxes Withheld) – eFPS Filers under Group E. Month of August 2025

31/08/2025

Mula sa pagiging child actress, pinatunayan ni Kiray Celis na kaya rin niyang magtagumpay sa negosyo. Simula pagkabata, tumutulong na siya sa pamilya - at ngayon, gusto niya ring ibahagi ang pag-asenso sa kanyang mga empleyado.

Kasama si Karen Davila, alamin natin ang inspiring journey ni Kiray Celis - mula sa pagiging artista hanggang sa pagiging matagumpay na negosyante na kumikita ng milyon dahil sa sipag at tiyaga.

Watch the full episode here:
https://youtu.be/aIQc5DWrUhI?feature=shared

28/08/2025

Ito ang malinaw na mensahe ng BIR: walang makakalusot na flood control contractor na hindi nagbabayad ng tamang buwis. At higit pa rito, maaari din silang kasuhan ng tax evasion.

Kapag napatunayang may underpayment o tax evasion, hindi bibigyan ng BIR ng updated tax clearance ang mga contractor. Isususpinde rin ang final settlement ng kanilang kontrata at madidisqualify sila sa mga susunod na government projects.

Kung may alam kayong contractor na umiiwas sa kanilang obligasyon, isumbong sa [email protected].

Follow Commissioner Lumagui’s official accounts: IG & TikTok:

25/08/2025
22/08/2025

Fact check: Wala pong “20% tax sa savings.” Ang 20% final withholding tax ay sa interest income lang at matagal na itong umiiral, hindi bagong buwis.

Para malinaw sa ilalim ng CMEPA, naglabas ang BIR ng implementing regulations: RR 18 2025 para sa excise tax sa pickups at inventory rules, RR 19 2025 para sa revised DST, RR 20 2025 para sa 0.1% STT at mga bagong remittance at reporting, RR 21 2025 para sa updated passive income rules at grandfathering ng instruments bago ang July 1 2025, at RR 22 2025 para sa dagdag 50% employer deduction sa PERA contributions kung natutupad ang mga kondisyon.

Maging maingat sa misinformation. Para sa detalye, basahin ang mga opisyal na advisory ng BIR.

Maraming salamat kay Atty. Tonee Rose M. Palomeno at sa Mindanao Times na nagpublish ng artikulong ito sa malinaw na paliwanag sa isyu.

Basahin ang buong article: https://www.mindanaotimes.com.ph/business/line-of-sight-cmepa-implementation-gains-momentum-bir-issues-regulations/

Follow Commissioner Lumagui’s official accounts: IG & TikTok:

25/07/2025

[UPDATED] IMPORTANT ANNOUNCEMENT!!!
To All Concerned Taxpayers within the Jurisdiction of Revenue District Offices (RDOs) under Revenue Regions No. 1, 2, 3, 4 , 5, 6, 7A, 7B, 8A, 8B, 9A, 9B, 10, 11, 12 (except RDO No. 79), and Large Taxpayers Service (LTS), please find the following revenue issuances:

Revenue Memorandum Circular No. 75-2025 - Providing Extension of the Deadlines for the Filing of Tax Returns and Payment of the Corresponding Taxes Due Thereon, Including Submission of Required Documents for Taxpayers within the Jurisdiction of Revenue District Offices of the Bureau of Internal Revenue that were Affected by the Southwest Monsoon and Typhoons "Crising", "Dante" and "Emong"

Revenue Memorandum Circular No. 77-2025 - Expanding the coverage of Revenue Memorandum Circular No. 75-2025 to new areas affected by Typhoon "Emong" for the filing of tax returns and payment of the corresponding taxes due thereon, including the submission of other required documents

For more details on the said RMCs, please scan QR codes or access the links below:
(1) RMC No. 75-2025
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2075-2025.pdf
(2) RMC No. 77-2025
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2077-2025.pdf

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