In the Philippines, the Christmas season doesn't truly end on December 25th for business owners and HR professionals. There is one final "gift" to wrap up for the Department of Labor and Employment (DOLE): the 13th Month Pay Compliance Report . If you've already disbursed the mandatory 13th month pay to your employees (which was due by December 24th), your next critical deadline is January 15th . Here is a quick guide on why this report matters and how to file it. Why Does Th

Running a small business in the Philippines is an exciting journey that goes far beyond offering great products and services. As a responsible entrepreneur, one of your most critical responsibilities is staying compliant with government tax regulations. Failing to stay on top of your obligations can lead to heavy penalties, interest charges, or in extreme cases, business closure. To help you avoid these pitfalls, here is a foundational guide to quarterly filings and payments.

See Your Business Clearly Through Professional Audits Auditing uncovers the truth behind your financial operations. Auditing validates your financial data, checks for inconsistencies, and ensures your processes follow Philippine standards. It helps entrepreneurs detect errors, prevent fraud, and strengthen internal controls. Government agencies such as the BIR and SEC require audited reports—making auditing not just helpful but essential. IEN Business Consultancy provides rel

Seal Your Annual Compliance with Accuracy Every business must file an ITR—and file it correctly. The Income Tax Return summarizes your business performance for the entire year and determines your tax liabilities. It is also required when applying for loans, government certifications, bidding, or renewal of permits. Entrepreneurs must ensure their ITR is accurate and aligned with their books. An incorrect ITR may result in penalties, audits, or issues with government complianc

Your Business’ Official Financial Blueprint AFS proves your company’s credibility and financial stability. An Audited Financial Statement is required for SEC and BIR filings, loan applications, tenders, investors, and compliance with government agencies. It shows your business' true financial position through an independent audit. Entrepreneurs should avail this service because it boosts trustworthiness. Banks and investors rely heavily on AFS to measure if your business is s

Master Your Taxes, Master Your Growth A strong tax strategy keeps your business profitable and compliant. Tax accounting helps entrepreneurs properly compute taxes, maximize deductions, and avoid overpaying. Without correct tax handling, businesses face penalties or missed savings that could’ve gone to expansion. For the Philippine government, accurate tax reporting ensures proper revenue monitoring—and for entrepreneurs, it’s the key to legal and financial stability. IEN Bus

Your Business Story, Written in Numbers Accurate books today lead to smarter decisions tomorrow. Bookkeeping is the backbone of every successful business. Without organized records, you can’t track profit, losses, expenses, or growth. For entrepreneurs, bookkeeping helps you see your real financial health—what’s working, what isn’t, and where your money truly goes. It is also required by the government for BIR audits, loan applications, permit renewals, and financial reportin

Stay Compliant, Stay Confident Why keeping up with BIR filings protects your business from penalties and stress. Running a business in the Philippines means regularly filing taxes such as VAT/Percentage Tax, Withholding Tax, and other BIR-required reports. Missing even one deadline can lead to unnecessary penalties, interest, and compromises to your business credibility. Every entrepreneur—whether starting out or scaling—should prioritize monthly tax compliance because it dir

What is BMBE (Barangay Micro-Business Enterprise) Registration? The Barangay Micro-Business Enterprise (BMBE)  status, established under Republic Act No. 9178 , is a government initiative designed to empower and integrate micro-enterprises into the formal economy of the Philippines. A BMBE is defined as any business entity or enterprise engaged in production, processing, trading, or services whose total assets do not exceed ₱3 million , excluding the land where the business i

Starting a business is an exciting journey, but the mountain of paperwork required for legal operation can often feel overwhelming. That's where a comprehensive service like IEN's Business Registration Package comes in, offering a streamlined solution to get your venture officially off the ground. For a fixed price of ₱44,800.00 , this package promises a significant shortcut through the complex maze of Philippine government requirements, ensuring your business is compliant, p

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