BMTS & Co., CPAs

BMTS & Co., CPAs Professional Services:
Bookkeeping & BIR Tax Compliance, Payroll Service, Business Registration, PE This is the forefront service of our Firm. Internal Audit.

OUR FIRM

Banua, Mangulad, Tinio, Sy & Co., CPA s (BMTS & Co., CPA's) is organized in June 2013 and was officially registered in the Securities and Exchange Commission on 25th of June 2013 under PP201312129. The Firm is run by Certified Public Accountants who are well-exposed in different industries. The partners are also into continuous professional education and various accreditations to maintai

n global competitiveness and to provide highest quality of service to its clients. OUR VISION

In 5 years, BMTS & Co., CPA's envisioned to become the premier accounting service provider of small and medium enterprises. OUR MISSION

BMTS & Co., CPA's aims to provide reliable and timely accounting services to local and cross-border clients. OUR VALUES

Our firm embraces the following values which serve as the main foundation of our relationship with our clients and colleagues, and to the public. Integrity and Professionalism
Enthusiasm to lead and educate
Trust and Confidence


OUR CLIENTS

At present, we are serving the following businesses:
Construction Companies
Fast Foods and Eateries
Preparatory and Basic Education School
Tertiary Education School
Water Refilling Stations
Commercial & Apartment Leasing Business
School Association
Architectural Firm
Pharmaceutical Stores
Electronic Distributors
Repair Shops
Laundry Shops
Advertising Agency
Interior Designs Business
Management Consultancy


OUR PROFESSIONAL SERVICES

Business registration assistance
Accounting and Bookkeeping
Tax compliance requirements
Tax Advisory Services
Reconstruction of Books of Accounts
Payroll Services & Statutory Benefits Management
PEZA & BOI Registrations
Management Accounting & Reporting
External Audit
Internal Audit and Operation Audit
Feasibility Studies and other Financial Reports
Installation and Running of Accounting Software

Accounting & Tax Compliance Services. We assist businesses in establishing their financial records and complying with various tax and business requirements. Business Registration assistance. Assistance in this area includes but not limited to registration with different government offices, securing permits and licenses, establishing internal controls and proper accounting of financial transactions compliant with the reportorial requirements prescribed by BIR, SEC, Local Municipalities, etc. Our firm caters internal audit to assist businesses in setting-up controls and improve current workflows. External Audit. We provide independent assurance reports required in filing BIR Annual income tax returns and SEC annual requirements. Tax Consultancy. We provide assistance in tax computation and filing as well as consultancy on tax investigation cases. Our team has a constant and up to date trainings and seminars in latest tax ruling and trends promulgated by tax authorities and other regulatory bodies.

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THE PILLARS

Paul John D. Banua (Managing Partner)

Paul is a certified public accountant in public practice and in academe. He was accredited by board of accountancy, BIR - accredited Tax Practitioner, CDA - Accredited External Auditor, and TESDA - Certified bookkeeper NCIII. He gained most of his experience in commerce and industry. He was formerly a Pricing Manager at OneJump Web, Inc, an internet marketing company; a budget & cost accountant at Blackfort Solutions Company, an installation & distributor of surveillance equipment; an Outsourced accountant in Harryson Screen & Trading Company, a metal works company; accounting associate in Trinity University of asia and a branch bookkeeper in video city. Presently, he is a part-time lecturer in Trinity University of Asia and New England College. He is also an Accounting & Tax Consultant in Early Achievers Learning Center and New England College; Operations consultant in dignity accounting office and owner of PJB Accountancy Services. He is a member of the Philippine Institute of Certified Public Accountants (PICPA). Paul graduated with a Bachelor s Degree in Accountancy from Central Colleges of the Philippines and currently taking Masters in Business Administration in Trinity University of Asia. Rodelyn T. Mangulad (Partner)

Rod is a Certified Public Accountant in Commerce & Industry. She is presently employed as a Chief Accountant in Timberland Sports and Nature Club, Inc., a first-rate private membership club, an affiliate of Filinvest Land Inc. She handles general accounting, financial reporting and tax compliance. She gained most of her experience in commerce and industry. She was formerly a Junior Accountant in Asian Institute of Management, an Asian Pioneer in International Management Education; General Accountant at Conservation International - Philippines, an international US-based environmental non-profit organization; an Accounting Assistant in Punongbayan and Araullo CPAs, a member firm within Grant Thornton International Ltd. that provides independent assurance, tax and accounting services; Accounting Staff in Alpha Plumbing Works, Inc and Accounts Payable Staff in Richwell Trading Corporation. She is a member of the Philippine Institute of Certified Public Accountants (PICPA). Rod graduated with a Bachelor s Degree in Accountancy from Central Colleges of the Philippines. Marie Rose G. Tinio (Partner)

Marie is a Certified Public Accountant in Commerce & Industry. She is presently employed as an Accounting Manager for Marine Agency Services and Integrated Logistics in Ben Line Agencies Philippines Inc., an International Shipping Agency. She handles general accounting, treasury, and tax compliance. She is a former Liner Accountant and General Accounting and Treasury Manager. She is a member of the Philippine Institute of Certified Public Accountants (PICPA) and an accredited Certified Public Accountant in Commerce and Industry. Marie graduated with a Bachelor s Degree in Accountancy from Central Colleges of the Philippines. Erwin O. Sy (Partner)

Erwin is a Certified Public Accountant in Commerce & Industry. He is presently employed as an Accounting Officer in SM Mart Inc., a Retail Company. He handles general accounting, tax compliance and consolidation of reports from the whole SM DS Group. He also handles warehousing activities of the group. He was formerly an accounting associate in Perla Compana De Seguros, a non-life Insurance Company. Most of his experience gained is with non-life insurance and retail industry. Erwin is a member of the Philippine Institute of Certified Public Accountants (PICPA). He graduated with a Bachelor s Degree in Accountancy from Central Colleges of the Philippines. Various Accreditations are still in progress.

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For Inquiries:
Email us @ [email protected]
Call us @ (0922)869-0104; (0917)519-5114; (02)622-1172

18/05/2026

๐—ฃ๐—จ๐—•๐—Ÿ๐—œ๐—– ๐—”๐——๐—ฉ๐—œ๐—ฆ๐—ข๐—ฅ๐—ฌ : ๐—•๐—œ๐—ฅ ๐—˜๐—ซ๐—ง๐—˜๐—ก๐——๐—ฆ ๐——๐—˜๐—”๐——๐—Ÿ๐—œ๐—ก๐—˜ ๐—™๐—ข๐—ฅ ๐—˜๐—”๐—™๐—ฆ ๐—ฆ๐—จ๐—•๐— ๐—œ๐—ฆ๐—ฆ๐—œ๐—ข๐—ก๐—ฆ ๐—จ๐—ก๐—ง๐—œ๐—Ÿ ๐— ๐—”๐—ฌ ๐Ÿฎ๐Ÿฑ

The Bureau of Internal Revenue (BIR) has announced that it is extending the deadline for the submission of the 2025 Audited Financial Statements (AFS) and other mandatory attachments through the Electronic Audited Financial Statements (eAFS) facility until May 25, 2026.

The extension was finalized through Revenue Memorandum Circular No. 46-2026 to provide administrative relief to taxpayers who encountered eAFS system-related technical issues during the recently concluded 2025 Annual Income Tax Return (AITR) filing season.

Under this issuance, penalties arising solely from delayed attachment submissions during this period are waived.

The extension until May 25, 2026, strictly applies to the following taxpayers:

1. Those who were unable to successfully upload their 2025 AFS and attachments through the eAFS platform on or before May 15, 2026, due to system-related issues; and

2. Those who utilized the contingency email submission route on or before May 15, 2026, but have not yet received an official email acknowledgment receipt from their concerned BIR office.

Taxpayers who submitted their attachments through the prescribed contingency email procedure on or before May 15, 2026, and have already received an email acknowledgment from their concerned BIR office, are considered fully compliant.

They are not required to resubmit via the eAFS facility, though they may still choose to do so voluntarily.

The BIR clarified that this extension applies only to the submission of the AFS and related attachments through the eAFS facility. It does not extend the statutory deadline for the filing and payment of the Annual Income Tax Return (AITR) itself.

The full copy of the guidelines can be accessed through this link:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2046-2026.pdf

15/05/2026

LAST DAY TO FILE!

The BIR is reminding taxpayers to pay their exact 2025 Annual Income Tax on the day of filing their Return.

Deadline: May 15, 2026

15/05/2026

๐Ÿ“ฃ ๐—ฆ๐—˜๐—– ๐˜€๐˜‚๐˜€๐—ฝ๐—ฒ๐—ป๐—ฑ๐˜€ ๐—บ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐—ฝ๐—ฒ๐—ป๐—ฎ๐—น๐˜๐—ถ๐—ฒ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—น๐—ฎ๐˜๐—ฒ, ๐—ป๐—ผ๐—ป-๐—ณ๐—ถ๐—น๐—ถ๐—ป๐—ด ๐—ผ๐—ณ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜๐˜€

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

In its meeting on 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).

โ€œAs we celebrate the Ease of Doing Business month this May, the SEC reaffirms its commitment to foster a robust and responsive business environment,โ€ SEC Chairperson Francis Lim said.

โ€œBy suspending the compounding monthly penalties, we are providing corporations an opportunity to get back their good standing without the burden of mounting transaction costs, as part of our goal of pushing corporations toward full compliance and sustainable growth,โ€ he added.

The suspension will apply to corporations with pending monitoring applications. Corporations that have received final assessments but have not yet settled payment will be issued updated assessments excluding the per month of delay components.

Read the full memorandum circular here: https://www.sec.gov.ph/mc-2026/sec-mc-no-16-series-of-2026suspension-of-the-per-month-of-delay-penalty-for-late-and-non-filing-of-reportorial-requirements-under-sec-memorandum-circular-no-6-series-of-2024/

Read the full press release here: https://www.sec.gov.ph/pr-2026/sec-suspends-monthly-penalties-for-late-non-filing-of-reports/

15/05/2026
15/04/2026

๐Ÿ“ฃ ๐—ก๐—ข๐—ง๐—œ๐—–๐—˜: ๐—˜๐˜…๐˜๐—ฒ๐—ป๐˜€๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐——๐—ฒ๐—ฎ๐—ฑ๐—น๐—ถ๐—ป๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ถ๐—น๐—ถ๐—ป๐—ด ๐—ผ๐—ณ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฑ ๐—”๐—ป๐—ป๐˜‚๐—ฎ๐—น ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€ (๐—”๐—™๐—ฆ)

The filing deadline for the 2025 Annual Financial Statements (AFS) and related reportorial requirements has been ๐—˜๐—ซ๐—ง๐—˜๐—ก๐——๐—˜๐——. This follows the issuance of Revenue Memorandum Circular No. 30-2026 by the Bureau of Internal Revenue (BIR).

๐Ÿ—“๏ธ Revised Deadlines:
โ€ข Annual Financial Statements of All Corporations: ๐—๐˜‚๐—ป๐—ฒ ๐Ÿญ๐Ÿฑ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ
โ€ข SEC Form 52-AR of Brokers & Dealers: ๐— ๐—ฎ๐˜† ๐Ÿญ๐Ÿฑ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ
โ€ข Annual Reports (SEC Form 17-A) with AFS as attachment: ๐— ๐—ฎ๐˜† ๐Ÿญ๐Ÿฑ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ

All corporations are reminded to ensure that submitted AFS are duly received by the BIR.

Read the full notice here: https://www.sec.gov.ph/notices-2026/extension-of-the-deadline-for-filing-of-2025-annual-financial-statements-afs/

14/04/2026

๐—”๐—ก๐—ก๐—จ๐—”๐—Ÿ ๐—œ๐—ก๐—–๐—ข๐— ๐—˜ ๐—ง๐—”๐—ซ ๐—ฅ๐—˜๐—ง๐—จ๐—ฅ๐—ก ๐——๐—˜๐—”๐——๐—Ÿ๐—œ๐—ก๐—˜ ๐— ๐—ข๐—ฉ๐—˜๐—— ๐—ง๐—ข ๐— ๐—”๐—ฌ ๐Ÿญ๐Ÿฑ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 30-2026, extending the deadline to May 15, 2026 for the filing of 2025 Annual Income Tax Returns, payment of the corresponding taxes due thereon, and submission of required attachments.

โ€œIn line with the directive of President Ferdinand R. Marcos Jr., this extension is meant to make tax compliance easier for taxpayers at a time when many are managing added strain from the ongoing energy crisis,โ€ Commissioner Charlito Martin R. Mendoza said.

Taxpayers may file through the BIRโ€™s electronic filing platforms and pay electronically through available payment platforms, or manually through the nearest Authorized Agent Banks.

RMC No. 30-2026: https://tinyurl.com/RMC302026

14/04/2026

Pinalawig natin ang deadline ng filing ng 2025 Annual Income Tax Returns mula April 15 hanggang May 15, 2026. Mas may oras ang bawat taxpayer na makapag-file nang maayos, kasama ang lahat ng kailangang dokumento, at walang ipapataw na penalties.

Maaaring mag-file at magbayad sa pamamagitan ng BIR electronic platforms, o sa mga Authorized Agent Banks.

Ginawa natin ito para mas magaan ang pagbabayad ng bawat Pilipino, lalo na sa panahong ramdam ang pagtaas ng presyo ng langis. Tuloy-tuloy ang ating ginagawa para maibsan ang bigat sa araw-araw na buhay ng ating mga kababayan.

10/04/2026

๐Ÿฑ ๐—ฑ๐—ฎ๐˜†๐˜€ ๐—น๐—ฒ๐—ณ๐˜ before the April 15, 2026 Annual Income Tax filing and payment deadline.
This is a daily reminder from the BIR to taxpayers to pay your exact 2025 Annual Income Tax on the day of filing your return. Today's guide is on the ๐—ง๐—ฎ๐˜… ๐—ฃ๐—ฎ๐˜†๐—บ๐—ฒ๐—ป๐˜ ๐—–๐—ต๐—ฎ๐—ป๐—ป๐—ฒ๐—น๐˜€.
Avoid the rush - file and pay now!

07/04/2026

๐—•๐—œ๐—ฅ ๐—ฆ๐—”๐—ฌ๐—ฆ ๐—–๐—ฅ๐—ข๐—ฆ๐—ฆ-๐—•๐—ข๐—ฅ๐——๐—˜๐—ฅ ๐—ฆ๐—˜๐—ฅ๐—ฉ๐—œ๐—–๐—˜๐—ฆ ๐—ก๐—ข๐—ง ๐—”๐—จ๐—ง๐—ข๐— ๐—”๐—ง๐—œ๐—–๐—”๐—Ÿ๐—Ÿ๐—ฌ ๐—ง๐—”๐—ซ๐—”๐—•๐—Ÿ๐—˜ ๐—œ๐—ก ๐—ฃ๐—›

The Bureau of Internal Revenue (BIR) has issued a revenue memorandum circular (RMC) clarifying that income from cross-border services are not automatically subject to Philippine income tax, setting clearer guidelines for how such transactions should be assessed for income tax purposes.

The BIRโ€™s RMC No. 024-2026 sets guidance on the proper application of earlier issuances following the Supreme Court (SC) ruling in Aces Philippines Cellular Satellite Corporation v. Commissioner of Internal Revenue, amid concerns that the rules were being applied beyond their intended scope.

As a general rule, income from services is taxed where the service is performed. While the SC ruling allows consideration of where the benefit of the service is enjoyed, or where the economic activity occurs, the BIR stressed that taxability must still be determined based on the specific facts of each case.

The circular directs revenue officers to assess service agreements as a whole and cautions against isolating a single activity as the sole basis for taxation. Any tax assessment must clearly state its legal and factual basis, in line with Section 228 of the Tax Code.

To support compliance, the BIR outlined documents that taxpayers may present during audits to show that services were performed outside the Philippines, including service contracts, proof of foreign performance, and tax residency certificates.

The issuance also clarifies that taxpayers are not required to secure a prior BIR ruling to claim the proper tax treatment of cross-border transactions, provided they can substantiate their position during assessment.

BIR Commissioner Charlito Martin R. Mendoza said the circular aims to ensure more consistent and fair application of tax rules.

โ€œThe circular ensures that both revenue officers and taxpayers apply the rules on cross-border services in line with law and jurisprudence. It reinforces our commitment to fair enforcement while providing clear guidance to taxpayers,โ€ Mendoza said.

https://www.bir.gov.ph/2026-Revenue-Memorandum-Circulars

Address

305 Web-Jet Bldg, 64 Quezon Avenue
Quezon City
1113

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

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