Who is Required to Submit Audited Financial Statements?
Know More Below 👇
You are required if your:
Gross Sales Exceeding 3 million pesos annually
Sole proprietors whose gross sales exceed ₱3 million are obligated to submit AFS under the provisions of the National Internal Revenue Code (NIRC), as amended.
You are required if your:
Gross sales exceeding ₱3 million annually or assets or liabilities of ₱600,000 or more.
If you are a corporation, you are required to submit audited financial statements if you meet any of the following conditions: (1) if your gross sales or receipts exceed ₱3 million, or (2) if your total assets or liabilities amount to ₱600,000 or more, as prescribed by Rule 68 of the Securities and Exchange Commission (SEC) Code, whether a stock or non-stock corporation.
Our team is composed of skilled CPAs and accountants who are dedicated to assisting business owners and entrepreneurs with their audit and income tax return (ITR) preparation needs. We focus on ensuring that your financial statements are properly audited and compliant with regulatory requirements, as well as preparing ITRs that meet the standards set by the Philippine tax laws.
With a strong understanding of financial reporting and tax compliance, we are here to help you navigate these essential processes efficiently and effectively. Our goal is to provide reliable support that allows you to meet your obligations with confidence while staying aligned with legal standards.
CPAs with 10+ Years of Experience
Accredited by the BOA and BIR
Comply . Secure . Grow
As part of our unwavering commitment to legal compliance, we are proud to be accredited by both the Board of Accountancy (BOA) and the Bureau of Internal Revenue (BIR). This dual accreditation not only affirms our professional standing but also authorizes us to practice auditing in accordance with Philippine law.
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