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Thursday, December 31, 2020

Welcome to WBBBB Accounting & Management Services

Hi to All!

Welcome to our WBBBB Accounting and Management Services (WBBBB AMS).

We offer the ff. services at affordable & reasonable fees to Micro-Small-Medium Entities (MSMEs):

1. Accounting / Bookkeeping
    a. Accounting & Bookkeeping of business transactions
    b. Set-up of Accounting System  
    c. Draft of Policies & Procedures Manuals (PPMs)
    d. Design of accounting forms

2. BIR Registration Consulting & Advisory
    a. Business Tax - is it VAT or is it Percentage
    b. Required Books Of Accounts a Taxpayer must register
    c. What is the Line of Business of your company
    d. Tax Type to be included in your Certificate Of Registration (COR)
    e. What are the Tax Returns/BIR requirements a Taxpayer 
          must file/pay on a monthly, quarterly and annual basis.

3. BIR Compliance based on COR/2303: 
   a. Preparation and e-filing of eFPS / eBirforms Tax Returns
         - WHT: 1601C, 1601E, 
         - Percentage or VAT : 2551M, 2550M, 2550Q, 
         - Quarterly ITR: 1701Q, 1702Q 
   b. Preparation of annual requirements:
         - 1604CF & Alphalist, 
         - 1604E & Alphalist, 
         - Annual registration 0605

4. Government Statutory Reporting : 
       - Online or USB SSS R3 & SSS Loans preparation & posting
       - Preparation of PHIC SPA & online PHIC payment posting 
       - Preparation of HDMF/Pag-ibig MCRF & Loans Templates

5. Preparation of Annual Audited Financial Statements and 
        Annual Income Tax Return (AITR 1701 / 1702)

6. Preparation of General Information Sheet (GIS)

7. Payroll Services: 
    - Payroll Computation, 
    - Timekeeping and DTR Summarization

8. Tax Advisory & Consulting Services : 
     - eLA, LN, Subpoena Duces Tecum, etc

9. Business Registration: 
    - SEC/DTI, 
    - Local City Business Permit 
    - BIR, SSS, PHIC, HDMF

10. Tutorials and Training Services


For your inquiries, you may contact us to the details below:

Cellphone:
0917 841 4250 (globe)
0933 866 9408 (sun)
0920 597 5237 (smart)

eMail:
wbbbb.ams@gmail.com

Landline: 
434 7179 
430 4698


Regards and God Bless to All!

Monday, January 22, 2018

Rank and File Employee


#TRAINlawDefinitionOfTerms


Rank and File Employee – refers to an employee holding neither managerial nor supervisory position as defined under existing provisions of the Labor Code of the Philippines, as amended.


Sunday, January 21, 2018

Statutory Minimum Wage Earner


#TRAINlawDefinitionOfTerms

Statutory Minimum Wage Earner – refers to a worker in the private sector who is paid with a statutory minimum wage, or to an employee in the public sector with compensation income of not more than the statutory minimum wage in the non-agricultural sector where the worker/employee is assigned.


Saturday, January 20, 2018

Fringe Benefits


#TRAINlawDefinitionOfTerms

Fringe Benefits – means any good, service or other benefits furnished or granted in cash or in kind, apart from the basic compensation, by an employer to an individual employee (except rank and file employee as defined herein) such as, but not limited to the following:

1. Housing;

2. Expense account;

3. Vehicle of any kind;

4. Household personnel, such as maid, driver and others;

5. Interest on loan at less than market rate to the extent of the difference between the market rate and actual rate granted;

6. Membership fees, dues and other expenses borne by the employer for the employee in social and athletic clubs or other similar organizations;

7. Expenses for foreign travel;

8. Holiday and vacation expenses;

9. Education assistance to the employee or his dependents; and

10. Life or health insurance and other non-life insurance premiums or similar amounts in excess of what the law allows.

Friday, January 19, 2018

Non-resident alien not engaged in trade and business (NRANETB)


#TRAINlawDefinitionOfTerms

Non-resident alien not engaged in trade and business (NRANETB) –refers to a non-resident alien who shall come to the Philippines and stay for an aggregate period of one hundred eighty (180) days or less during any calendar year.

Thursday, January 18, 2018

Non-resident alien engaged in trade and business (NRAETB)



#TRAINlawDefinitionOfTerms

Non-resident alien engaged in trade and business (NRAETB) – refers to a non-resident alien who shall come to the Philippines and stay for an aggregate period of more than one hundred eighty (180) days during any calendar year.

Wednesday, January 17, 2018

VAT Threshold



#TRAINlawDefinitionOfTerms

VAT Threshold – refers to the ceiling set to determine VAT registrable taxpayers, currently set at three million (P3,000,000.00) pesos. It is the same threshold to be used to determine the income tax liability of self – employed and/or professionals under Sections 24(A)(2)(b) and 24(A)(2)(c)(2) of the Tax Code, as amended.

Tuesday, January 16, 2018

Taxable Income



#TRAINlawDefinitionOfTerms

Taxable Income – refers to the pertinent items of gross income specified in the Code, less deductions, if any, authorized for such types of income by the Code or other special laws.

Monday, January 15, 2018

Professional


#TRAINlawDefinitionOfTerms

Professional – Person formally certified by a professional body belonging to a specific profession by virtue of having completed a required course of studies and/or practice, whose competence can usually be measured against an established set of standards. It also refers to a person who engages in some art or sport for money, as a means of livelihood, rather than as a hobby. It includes but is not limited to professional entertainers, professional athletes, directors, producers, insurance agents, insurance adjusters, management and technical consultants, bookkeeping agents, and other recipients of professional, promotional and talent fees.