Webinar Session 1: Basic Income Taxation for Sole Proprietors


Every entrepreneur is required to file and pay income taxes quarterly and annually, but not all knows how to compute and properly fill out an income tax return (ITR). Filing an ITR only for the sake of compliance (“basta maka-file, ok na yan” mentality) may contain errors leading to imposition of penalties based on technicalities. BIR examinations and tax assessments are more focused on corporations than individuals. This is because they would anticipate more collections from simple technical errors and misapplications. This workshop will teach you how to compute your  income tax due and properly fill out quarterly and annual ITRs.

Learning Points:

  • Understand & learn the type of income and expenses that must be included the ITR
  • Proper substantiation of income and expense
  • Optional Standard deduction (OSD) and Itemized Deduction

Question and answer on the later part of the webinar would allow you to seek clarifications on the above items.

Schedule and Duration:

Webinar runs from 9:00 AM to 11:00 AM

Package:

Webinar investment is PhP 784.00 (VAT inclusive), inclusive of Webinar Certificate that you could process with PRC BOA for CPD credit units under self-directed learning.

Applicable CPE Credit:

Once applied under self-directed, this webinar will provide 2 CPE credits.

Registration:

Be part of the learning community by reserving your slot here. Please note that we can only hold your slot within 48 hours.

Resource Person:

Resource speakers are Certified Public Accountants with good experience in Public Practice as  Tax Practitioners.

 

Who should attends?
Highly recommended for Small & medium business owners, new entrepreneurs, accounting graduates, & interested others.
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