{"id":1566,"date":"2020-10-24T11:34:20","date_gmt":"2020-10-24T11:34:20","guid":{"rendered":"https:\/\/mabtservices.com\/?page_id=1566"},"modified":"2026-01-02T04:26:28","modified_gmt":"2026-01-02T04:26:28","slug":"news-updates-and-blogs","status":"publish","type":"page","link":"https:\/\/mabtservices.com\/?page_id=1566","title":{"rendered":"News, Updates and Blogs"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Start 2026 with Clean Books and Clear Profits

New year. New goals. Better financial control.

Let 2026 be the year your business runs smarter, not harder. Our professional bookkeeping and accounting services help you:

\u2022 Eliminate tax stress
\u2022 Know your real profits
\u2022 Stay compliant and audit-ready
\u2022 Make confident business decisions

Focus on growing your business \u2014 we\u2019ll handle the numbers.

\"\ud83d\udcde\"<\/span>\u00a0Message us today and start the year with financial clarity.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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“To our valued clients: In the world of business, trust is the most valuable asset one can own. Thank you for placing your trust in our hands this past year. We know that your success represents late nights and big risks, and we are truly grateful to be the team that helps you navigate that path. May 2026 bring you peace of mind, prosperity, and the time to enjoy the fruits of your labor. Wishing you a blessed New Year.”<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tBIR Registration Process<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Local and foreign investors and entrepreneurs that intend to establish companies in the Philippines are required to register their businesses with various government agencies before they are allowed to commence business operations. Registration with the\u00a0<\/span>Securities and Exchange Commission (SEC)<\/span>\u00a0is the first step in the registration process wherein a Certificate of Registration is issued and the legal existence of the corporation is approved, specified, and recognized.<\/span><\/p>

After registering with the SEC, corporations are required to secure a Mayor\u2019s Permit from the Local Government Unit (LGU) where the business is to be located. The next step to this is the accomplishment of a Certificate of Registration from the\u00a0Bureau of Internal Revenue (BIR)<\/span>.<\/span>
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The BIR is the national government regulatory agency that regulates finance, taxation, and monetary policy in the Philippines. It collects internal revenue taxes, fees and charges, and enforces all forfeitures, penalties, and fines connected with tax matters for the Philippine government.
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The Certificate of Registration issued by BIR (BIR Form 2303) contains an enumeration of the types of taxes that are required to be paid to the government, which includes the following:<\/span><\/p>

\u00a0 \u00a0 \u00a0 \u00a0Corporate Income Tax, Percentage Tax, Value-Added Tax, and Withholding Taxes (Compensation, Expanded, Fringe Benefits, etc.)<\/span><\/p>

Registering your business with the BIR gives you the authority to print your official receipts and invoices, formally register the Tax Identification Number (TIN) provided for your company in the Certificate of Registration issued by SEC, and register the books of accounts you are required to annually register with BIR to serve as official record of your business transactions for the fiscal year.<\/span><\/p>

Steps in Registering Your Business with the BIR<\/h2>

1. Accomplish\u00a0<\/span>BIR <\/span>Form<\/span> 1903<\/span>\u00a0(Application for Registration for Corporations\/Partnerships (Taxable\/Non-Taxable)) and submit the same together with the required supporting documents to the Revenue District Office (RDO) that has jurisdiction over the registered address of your business establishment. The supporting documents to be attached to the Form 1903 are as follows:<\/span><\/p>