Webinar : BIR Tax Compliance for (VAT-Entity)

You may not have all what it takes to master accounting, but your accounting and tax knowledge is indispensable for your entrepreneurial success. For tax purposes, simple things may mean a lot and may become a material issue. Thus, this seminar-workshop is intended to educate participants in basic BIR compliance and avoid headaches dealing with the tax authorities.

Learning Points:

Session 1

• Learn the Accounting Concepts
• Accounting Elements
• Accounting Cycle
• Learn How To Make Entries In The Journal
• Learn How To Post Entries In The Ledger
• Learn To Prepare The Necessary And Proper Adjustments
• Learn How To Generate Periodic Balances of The Accounts

Session 2

• Learn How To Prepare The Basic Financial Reports
• Properly Analyze Financial Statements For Business Implications
• Fully understand when to register as VAT entity
• Learn the Minimum tax types for VAT entity
• Learn the Proper substantiation of income when registered as VAT entity
• Learn the Proper substantiation of claiming input VAT

Session 3

• Learn the BIR allowed books of accounts
• Learn how to record on books of accounts:
  • Cash receipts books
  • Cash disbursements books
  • General journal
  • General ledger
  • Subsidiary sale journal

Session 4

Comprehensive Illustration on preparing the following VAT related tax returns & reports:

• Monthly value-added tax returns (BIR Form No. 2550M);
• Quarterly value-added tax returns (BIR Form No. 2550Q);
• Summary List of Sales; and
• Summary List of Purchases.

Overview of other applicable tax returns for VAT entity:

• • Annual Registration (BIR Form No. 0605);
  • Application of registration (BIR Form No. 1903-Corp);
  • Expanded Withholding taxes (BIR Form No. 1601-E);
  • Final Withholding taxes (BIR Form No. 1601-F)
  • Withholding tax on compensation;
  • Creditable withholding tax certificate;
  • (BIR Form No. 2307); and
  • Quarterly income tax returns (BIR Form 1702Q) Annual income tax returns (BIR Form No. 1702).

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 12:00 NN

Package:

Webinar investment is PhP 2,240 per session or PhP 8,000 if availing 4 sessions (VAT inclusive), inclusive of Webinar Certificate that you could process with PRC BOA for CPD credit units under self-directed learning.

Registration:

Be part of the learning community by reserving your slot here.

Resource Person:

Resource speakers are Certified Public Accountants with good experience in Public Practice as external auditors & tax practitioners.