Any company, business, or organization operating in the Philippines will have the requirements for bookkeeping and monitoring services. After registering your business in the Philippines, and filing for a Mayor's/Business Permit companies are required to register with their nearest Bureau of Internal Revenue BIR office usually referred to as an RDO (Regional District Office). There businesses receive a Certificate of Registration COR, depending on what business entity you have setup in the Philippine will determine the applicable taxes and reporting to your company.

All businesses however will have monthly, quarterly, and annual filings with the BIR regardless of your structure. Triple i Consulting can remove the burden of BIR filings with our outsourced accounting services. Our team of tax attorneys, accountants, and CPAs operate at ISO 9001:2008 standard to ensure smooth operation and monitoring of you companies books.

Triple i's tax experts can provide proper planning so that Clients are aware of the tax implications on their business and can adjust accordingly. Our financial experts prepare monthly summaries to be presented to the management board so proper financial planning can occur at the right levels; allowing our clients to focus on the more important aspects of their business.

Contact Us to speak with one of our consultants regarding tax and bookkeeping preparation or to find our more information on our bookkeeping services.

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Our Bookkeeping Services

Monthly preparation of Expanded Withholding Tax Return (BIR Form 1601E) with related Alphalist/Attachment

Monthly preparation of Final Withholding Tax Return (BIR Form 1601F) with related Alphalist/Attachment, if applicable

Monthly preparation of Value Added Tax Declaration (BIR Form 2550M)

Quarterly preparation of Value Added Tax Return (BIR Form 2550Q)

Quarterly preparation of Income Tax Return (BIR Form 1702Q)

Quarterly preparation of Certificate of Creditable Tax Withheld at Source (BIR Form 2307) to be distributed by Client, to its suppliers

Preparation and submission of diskette files, if applicable

Filing of Returns

Recording of the transactions to the Accounting system

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Typical Accounting Procedure

- Once a month, within the 5th to 8th day of the following month, Triple i Consulting Inc., representative will get from Client soft/hard copy of the following as basis for our preparation of the above BIR returns:

    General Ledger

    Trial Balance

    Accounts Receivable Schedule

    Detailed payroll (approved computation, if it’s done by Triple i)

- Preparation of the above returns

- Submit to Client for review- Payment and filing of returns

    For manual filing

- On the same day (within the 6th to 8th day of the following month), the said Triple i Consulting Inc., representative will request for check from Client - Also on the same day (within the 6th to 8th day of the following month), the said Triple i Consulting Inc., representative will get the check. If otherwise, Client, will pay and file the return to the Authorized Agent Bank and copy of the payment and return will be sent to us thru fax for our copy. - Triple i Consulting Inc., expected that the monthly transactions in the Accounting system used is complete as of the 6th day of the following month. BIR forms will be prepared based on the data existing on the books. Adjustments, if any, will be added in the succeeding month.