Professional Documents
Culture Documents
Accounting Mistakes
of Small & Medium Enterprises
(SMEs)
http://accountingservicesphilippines.blogspot.com/
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business documents….
http://accountingservicesphilippines.blogspot.com/
for your Accounting needs CALL 0916-593-1601
6. ALL-KNOWING BEING !
You as a one-Man Team
Some SMEs do their bookkeeping & BIR filings by themselves.
They said, it’s for cost saving purposes.
After few years, they receive letters from the BIR to check on
their records. Records are found out to be incomplete & not
reconciled with the BIR Returns submitted. Wrong application of
BIR rules and regulations were made. Time now to pay for much
bigger costs....penalties and interests to the BIR for these findings.
It is a fact that competent CPAs can maintain your books more
efficiently. Competent CPAs know the BIR rules and regulations
and they can also make suggestions in going about your records.