our services
what we offer
Our mission is to provide exceptional financial, tax, consulting and other related services to our clients
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Business Registration
We understand that new business owners are busy with management and operations and securing the necessary business permits can require considerable amount of time and effort. P&C CPA offers assistance in acquiring business permits and licenses from various government agencies in the Philippines such as BIR, SEC, DTI, SSS, Philhealth, HDMF (Pag-Ibig) and other related services.
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Taxation
Tax management is a challenge to business which is why we offer our assistance to business owners and relieve them from worry relating to tax compliance in the Philippines. We provide assistance to business owners in complying with their tax requirements and deadlines. Common examples are filing of VAT 2550M/Q, ITR 1702/1701, 1702Q/1701Q, Withholding Tax on Compensation 1601C, Withholding Tax Expanded 1601E, monthly Percentage Tax 2550M, BIR annual registration 0605, Documentary Stamp Tax (DST), Estate Tax Return, Donor’s Tax, etc.
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Tax Disputes
We guide our clients through the process of implementing the right mix of strategies for each area of your businesses and getting all your businesses need to be more successful. Our existing clients are those belonging to small and medium size enterprises (SME) in the Philippines. We offer our services at reasonable cost.
We can assist the company in minimizing the tax consequences arising from those situations. In a tax audit, we can represent you to deal with the tax auditors. This may continue in the objection, tax appeal, and reconsideration processes for tax disputes in the Philippines.
P&C CPA works with member firm to protect against, prepare for, and resolve disputes with tax authorities in the Philippines. We help the firms’ clients to take control of the dispute resolution process to get effective results both locally and globally.
We are experienced in all stages of the tax dispute continuum – from protecting against disputes through pre-transaction analysis and documentation through to resolution of disputes. We work with you to help lessen the likelihood of a challenge or audit before a dispute arises. For those matters that ultimately become the subject of a dispute, we work with you to resolve the dispute efficiently and collaboratively.
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Payroll Computation
P&C CPA provides complete payroll solution from the computation of employee salaries, bonuses, loans and government deductions to the preparation of all the required forms and reports that need to be submitted to different government offices in the Philippines.
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Inventory Accouting & Fixed Assets Accounting
P&C CPA will help the Management in establishing and maintaining the inventory and fixed assets control system of companies in the Philippines. Equipment is defined as tangible, movable, non-expendable items and can be classified as either capital or non-capital equipment assets. The property control system consists of policies and procedures related to the acquisition, identification, management, and disposal of equipment owned by, or controlled by the entire company.
P&C CPA will also help in maintaining the company’s official records of capital equipment assets. Capital equipment asset records are maintained in the Financial Asset Management record.
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Financial Statements / Business Financials
P&C CPA will do the business financial reports that are vital in every business entity. We will provide the company a summary report that shows how the company has used the funds entrusted to it by its stockholders (shareholders) and lenders, and what is its current financial position. The three basic financial statements are the (1) Balance Sheet, which shows firm's assets, liabilities, and net worth on a stated date; (2) Income Statement (also called Profit & Loss account) or Statement of Financial Performance, which shows how the net income of the firm is arrived at over a stated period, and (3) Cash Flow Statement, which shows the inflows and outflows of cash caused by the firm's activities during a stated period.
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External Auditing
P&C CPA approach the audit with a deep understanding of your business and the industry which you operate by a detailed review of your business' systems, practices and processes in the Philippines. Our foremost responsibility is to serve investors and management with reasonable assurance, and we work to assess your operations, identify risk management, regulatory compliance and areas for action and improvement.
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Budget Preparation
P&C CPA create budget by first reviewing your company's business environment, determine step costing information, review bottlenecks and expected funding limitations that may limit growth plans. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. We simply balance your expenses with your income.
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Bookkeeping Services
P&C CPA do complete record keeping of your day to day business transactions. We have a decade of experience in providing outsourced accounting and bookkeeping services for different industries in the Philippines. Our outsourced accounting services aim to provide complete and timely financial reports to business owners and stakeholders.
We help ensure that books of accounts are properly maintained as required by law.
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Management Advisory Services
P&C CPA helps Orgnizations in the Philippines to solve issues, create value, maximize growth and improve business performance through the analysis of existing organizational problems and the development of plans for improvement.
We have played a vital role in helping countless businesses increase productivity and proficiency, as well as get the most out of their resources.
As your CPA, we get to know your organization, operations, and finances; your personnel and tax situations; and your data processing and management information needs. Using this as a base, we help you put your business on the steady track to success.
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Internal Auditing
P&C CPA work to provide independent assurance that your Company's risk management, governance and internal control processes are operating effectively in the Philippines.
With increasing market volatility and complexity, internal audit is being asked to deliver insight and value beyond assurance – particularly in the areas of strategy execution, emerging risk, and the rising use of data analytics.
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Accounting Systems
P&C I for businesses here in the Philippines. Our goal is to implement a reliable accounting system to be able to see the complete financial picture and performance of the business where Management/Owners can validly base their business decisions from.