Expanded Withholding Tax and Final Withholding Tax

September 29, 2014

Expanded Withholding Tax and Final Withholding Tax

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (02) 727.88.60, (02) 727.56.28, (02) 701.70.01 or (02) 701.70.02 or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Training Program

OBJECTIVES:

• To know the nature of Withholding Tax
• To know the computation of Withholding Tax
• To know the income payments subject to Expanded Withholding Tax
• To know the income payments subject to Final Withholding Tax
• To know the basic tax compliance for the Withholding Tax

KEY TOPICS:

I. Nature of Withholding Tax
• Types of Withholding Tax
• Who are required to Withhold
• Persons Exempt from Withholding Tax

II. Computation of EWT
• Withholding Tax Base
• Withholding Tax Computation
• Timing of EWT

III. Expanded Withholding Tax
• Professionals and Talent Fees
• BPO Services
• Seminars & Training fees
• Event Organizers
• Professional fees for services rendered by medical practitioners
• Rentals
• Brokers
• Agricultural Suppliers
• Funeral Parlors & Embalmers and Toll fees
• Interest Income on Debt Instruments not considered “deposit substitutes”
• Contractors
1. Freight Forwarders
2. Transportation Contractors
3. Security Agencies
4. Advertising Agencies
5. Labor Recruiting Agencies
6. Computer Services
• Top 20,000 Corporations
• Transactions with Government

IV. Final Withholding Taxes
• Royalties
• Interest
• Dividends
• Branch Profit Remittance Tax

V. Tax Compliance
• Creditable Withholding Tax Certificates (BIR Form 2307)
• Certificate of Final Tax Withheld at Source (BIR Form 2306)
• Monthly and Annual Returns
• Monthly Alphalist of Payees
• Annual Alphalist of Payees
• Penalties on Withholding tax violations

SEMINAR FEE: Php 3,500 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)

DISCOUNT: Php 500.00 Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. FAX deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone (02) 727.88.60, (02) 727.56.28, (02) 701.70.01, (02) 701.70.02, 0926.622.0768 or 0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESSCOACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the BusinessCoach office in San Juan City, Metro Manila. BusinessCoach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. BusinessCoach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.

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Value Added Tax, Other Percentage Tax, and Tax Updates

February 18, 2014

Value Added Tax, Other Percentage Tax, and Tax Updates

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (632) 225.66.16 or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Business Training Program

KEY TOPICS:

I. Basic Principles
1. Definition/Nature
2. Computation

II. Vat on sale of goods and properties and services
1. VAT Base
2. 12%, 0% and Exempt Sales

III. Special Issues, such as
1. Isolated/incidental transactions
2. Deemed sale transactions
3. Advance rental
4. Reimbursement of expenses
5. Brokers/HMOs/Common Carriers
6. Services rendered by/to non-resident

IV. Input Tax
1. Sources of Input VAT
2. Apportionment of Input Tax
3. Substantiation of Purchases
4. Requirements for claiming input tax
5. Input VAT on Capital Goods

V. Zero Rated Sales
1. Types of Zero Rated Sales
2. Automatic Zero Rated Sales
3. Effectively Zero Rated Sales

VI. Vat Exemptions
1. VAT Exempt transactions

VII. VAT Registration
1. Person required to register
2. Venue
3. Grounds for Cancellation

VIII. Invoicing Requirements
1. Supporting Documents
2. Effects for failure to comply with invoicing requirements
3. Required Information in OR and Invoices

IX. VAT Returns and Compliance
1. Computation
2. VAT Returns
3. Reminders on Preparation of VAT Return
4. Summary List of Sales and Purchases
5. Withholding VAT

X. Other Percentage Tax
1. 3% percentage tax
2. Tax on banks and non-bank financial intermediaries with QB functions
3. Tax on financial intermediaries without QB functions
4. Tax on domestic common carriers
5. Tax on international carriers (by air or water)
6. Tax on franchise grantees of water, gas and broadcast stations
7. Tax on life insurance companies
8. Tax on operators of amusement and recreation places

XI. Latest BIR Issuances
1. Revenue Regulations
2. Revenue Memorandum Order
3. Revenue Memorandum Circular

SEMINAR FEE: Php 3,000.00 per person (inclusive of am and pm snacks, lunch, handouts, certificate of attendance)

DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. Savings Account Name: BusinessCoach, Inc. Then kindly fax deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone 225.66.16, 0926.622.0768 or 0933.584.7266 (Look for Ms. Rose Ann David or Ms. Mini Anlacan). For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESS COACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the Business Coach office in San Juan City, Metro Manila. Business Coach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. Business Coach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


Income Tax Seminar with Latest Updates

April 29, 2013

Income Tax Seminar with Latest Updates

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (632) 225.66.16 or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Training Program »

OBJECTIVES:

• To know the basic principles of Income Tax Laws
• To know the meaning, kinds, and requisites of Gross Income
• To learn the conditions or rules on the deductibility of Business Expense
• To know the nature, rules and effect of Minimum Corporate Income Tax (MCIT)
• To know the nature, rules and consequences of Improperly Accumulated Earnings Tax (IAET)
• To keep abreast with the latest BIR Issuances

KEY TOPICS:

• Basic concepts of Income Tax
a. Definition
b. Types of Income Tax
c. Sources of Income Tax Laws

• Types of Taxpayers
a. Individual
b. Corporation

• Income Tax
a. Gross Income
b. Allowable Deductions
c. Conditions/Limitations for deductibility of Expenses

1. Representation Expense
2. Interest Expense
3. Taxes
4. Losses
5. Net Operating Loss Carry Over (NOLCO)
6. Bad Debts Expense
7. Depreciation Expense
8. Pension Contributions
9. Donations
10. Research and Development Expense

d. Optional Standard Deductions

• MCIT
a. When a corporation becomes subject to MCIT
b. Computation of MCIT
c. MCIT vs RCIT
d. Corporations subject to MCIT
e. Corporations exempt to MCIT

• IAET
a. Nature
b. Corporation subject to IAET
c. Reasonable needs of Business
d. Computation of IAET

• Latest BIR Issuances
a. Revenue Regulations (RR)
b. Revenue Memorandum Orders (RMO)
c. Revenue Memorandum Circulars (RMC)

SEMINAR FEE: Php 3,000 per person (inclusive of am and pm snacks, lunch, seminar kit, handouts, certificate of attendance)

DISCOUNT: 10% Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. FAX deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone 225.66.16, 0926.622.0768 or 0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESSCOACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the BusinessCoach office in San Juan City, Metro Manila. BusinessCoach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. BusinessCoach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


Handling BIR Tax Assessments

March 1, 2013

 Handling BIR Tax Assessments

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (02) 727.88.60, (02) 727.56.28, (02) 701.70.01 or (02) 701.70.02 or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Training Program »

KEY TOPICS:

I. Basic principles of taxation

a. Interpretation of Tax Laws
b. Sources of Tax Laws
c. Power of Commissioner of Internal Revenue

II. Types of Audit Notices

a. Letter of Authority (LA, eLA)
b. Memorandum of Assignment
c. Letter Notice
d. Mission Order (Tax Mapping, Tax Surveillance, Oplan Kandado)

III. Approaching BIR Assessment

a. Basic Assessment Process
b. Subpoena Duces Tecum
c. Preliminary Assessment Notice (PAN)
d. Final Assessment Notice (FAN)
e. Protesting the FAN
f. Court of Tax Appeals
g. Usual findings of BIR officials
h. Invoking the defense of Prescription
i. Waiver of the Statute of Limitations

IV. Managing Delinquent (Collectible) Account

a. Delinquent Account
b. Modes of Collecting Taxes
c. Prescription of time to collect
d. Administrative Remedies
e. Distraint, levy and garnishment
f. Levy of Real Property
g. Compromise of Tax Liability
h. Cases that can be compromised
i. Grounds for compromise
j. Doubtful Validity of Assessment
k. Financial Incapacity of Taxpayer
l. Minimum Compromise Amount

SEMINAR FEE: Php 3,500.00 per person (inclusive of 2 snacks, lunch, handouts, seminar kit, certificate of attendance)

DISCOUNT: Php 500.00 Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. Savings Account Name: BusinessCoach, Inc. Then kindly fax deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone (02) 727.88.60, (02) 727.56.28, (02) 701.70.01, (02) 701.70.02, 0926.622.0768 or 0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESS COACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the Business Coach office in San Juan City, Metro Manila. Business Coach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. Business Coach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


Estate Planning Seminar

January 7, 2013

Estate Planning Seminar

TIME: 9:00 am – 4:00 pm

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (02) 727.88.60, (02) 727.56.28, (02) 701.70.01 or (02) 701.70.02 or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Training Program »

KEY TOPICS:

• Estate Planning Tools

• Basic concepts of property regime
1) Absolute Community of Property
2) Conjugal Partnership of Gains
3) Exclusive Property

• Basic concepts of law on Sales
1) Definition and Kinds of Contract of Sale
2) Earnest Money vs. Option Money
3) Rule on Double Sales
4) Transfer of Ownership

• Computation of Capital Gains Tax and Documentary Stamp Tax
1) Sale of Principal Residence (Exempt from Capital Gains Tax)
2) Sale of Shares of Stock
3) Sale of Real Property
4) Place and time and of filing and payment

• Basic concepts of Law on Donations
1) Definition and requisites for Donation
2) Formalities for Donation
3) Revocation and Reduction of Donations

• Computation of Donor’s Tax
1)  Ordinary Donation vs. Donation to Stranger
2) Place and time of filing and payment

• Basic Concepts of law on Succession
1) Definition and Elements of Succession
2) Kinds of Succession and Successors
3) Table of Legitimes (Sharing of heirs)
4) Regular order of Succession

• Computation of Estate Tax
1) Notice of Death and Certification by CPA
2) Composition of Gross Estate
3) Valuation of Real and Personal Property
4) Proceeds of Life Insurance
5) Donation Inter Vivos vs Donation Mortis Causa
6) Allowable deductions
7) Place and time of filing and payments

• Living Trust
1) Definition
2) Tax Effect

• Family Holding Corporation

• Life Insurance Policy

• Final Analysis on transfer of property

SEMINAR FEE: Php 3,500.00 per person (inclusive of 2 snacks, lunch, handouts, seminar kit, certificate of attendance)

DISCOUNT: Php 500.00 Discount if FULL AMOUNT is paid at least five (5) days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. Savings Account Name: BusinessCoach, Inc. Then kindly fax deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone (02) 727.88.60, (02) 727.56.28, (02) 701.70.01, (02) 701.70.02, 0926.622.0768 or 0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESS COACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the Business Coach office in San Juan City, Metro Manila. Business Coach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. Business Coach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.


Business Taxation Made Easy

November 12, 2010

 

Business Taxation Made Easy

Focus: withholding tax computation, income taxation seminar, taxation system, tax seminar

TIME: 9:00 am – 4:00 pm (2 day-session)

VENUE: Unit 201 Richbelt Tower, 17 Annapolis St., Greenhills, San Juan City, Metro Manila

SCHEDULE: Please call (02) 727.88.60, (02) 727.56.28, (02) 701.70.01 or (02) 701.70.02 or call/text mobile numbers 0926.622.0768 or 0933.584.7266. You may also click here to view schedule of the Training Program

OBJECTIVES:

1. Basic understanding of Philippine Taxation relevant to business.
2. Familiarity with BIR Tax Return and Deadlines.
3. Computation of business and income tax payable.
4. Recognize the difference between tax evasion versus tax avoidance.

KEY TOPICS:

I. Fundamentals of taxation
a. Taxation and taxes definitions
b. Types of Internal Revenue Taxes and persons liable to pay
c. Types of Taxpayer

II. Certificate of Registration (COR)

III. Taxpayers registration guidelines and procedures

IV. Update, transfer and cancellation of registration

V. Annual registration fee

VI. Registration of invoices and receipts

VII. Registration and keeping of books of accounts, manual and computerized

VIII. Tax returns, forms, deadlines of filing and payments and procedures for filling-up

IX. Business Taxes
1. Value Added Tax (VAT)
a. Persons and transactions subject to VAT
b. VAT rates and computation
c. Exempt transactions
d. Zero rated transactions
e. Withholding on VAT
2. Other Percentage Tax
a. Tax on persons exempt from VAT

X. Withholding Tax System
a. Expanded Withholding Tax
b. Withholding tax on wages
c. Final Withholding Tax

XI. Income taxation
a. Corporate Income Tax
b. Individual Income Tax

XII. Basic taxpayers’ remedies in case of tax assessments.

XIII. Question and Answer

XIV. Workshop – please bring a calculator

BIR forms to be used in the seminar:

1. BIR Form 1901 – Application for Registration for Self-Employed and Mixed Income Individuals, Estates/Trusts
2. BIR Form 1902 – Application for Registration for Individuals Earning Purely Compensation Income, and Non-Resident Citizens/OCWs/Seamen Earning Purely Foreign-Sourced Income
3. BIR Form 1903 – Application for Registration for Corporations/ Partnerships (Taxable/Non-Taxable)
4. BIR Form 1904 – Application for Registration for One-Time Taxpayer and Persons Registering under E.O. 98
5. BIR Form 1905 – Application for Registration Information Update for Updating / Cancellation of Registration / Cancellation of TIN / New Copy of TIN card / New copy of Certificate of Registration
6. BIR Form 1906 – Application for Authority to Print Receipts and Invoices
7. BIR Form 1907 – Application for Permit to Use Cash Register machines/Point-of-Sale Machine
8. BIR Form 1601C – Monthly Remittance Return of Income Taxes Withheld on Compensation
9. BIR Form 1601E – Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded)
10. BIR Form 1604CF – Annual Information Return of Income Tax Withheld on Compensation and Final Withholding Taxes
11. BIR Form 2316 – Certificate of Compensation Payment / Tax Withheld For Compensation Payment With or Without Tax Withheld
12. BIR Form 2550M – Monthly Value-Added Tax Declaration
13. BIR Form 2550Q – Quarterly Value-Added Tax Return
14. BIR Form 2551M – Monthly Percentage Tax Return (Except Transactions Involving Shares of Stock Listed and Traded Through the Local Stock Exchange, and Percentage Tax Payable Under Special Laws)
15. BIR Form 1701 – Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts (Including those with both Business and Compensation Income)
16. BIR Form 1702 – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer
17. BIR Form 1701Q – Quarterly Income Tax Return for Self-employed Individuals, Estates, and Trusts (Including those with both Business and Compensation Income)
18. BIR Form 1702Q – Quarterly Income Tax Return for Corporations and Partnerships
19. BIR Form 1600 – Monthly Remittance Return of Value-Added Tax and Other Percentage Taxes Withheld
20. BIR Form 2303 – Certificate of Registration

SEMINAR FEE: Php 7,000 per person (inclusive of snacks, lunch, drinks, seminar kit, handouts, certificate of attendance)

DISCOUNT: Php 1,000.00 Discount if FULL AMOUNT is paid at least five (5) banking days before the event.

MODE OF PAYMENT:

  • Deposit payment at Banco de Oro. FAX deposit slip (indicate name of participant and seminar title) to confirm reservation.
  • On-site payment (CASH only)
  • Company checks are accepted, provided that they are received at least five (5) banking days before the event.

RESERVATION: Please call telephone (02) 727.88.60, (02) 727.56.28, (02) 701.70.01, (02) 701.70.02, 0926.622.0768 or 0933.584.7266. For other inquiries, kindly send a message by filling-up the form below.

CANCELLATION BY ATTENDEE: Registrant may refund amount paid, with less 30% processing charge from the LISTED AMOUNT within 30 days, or opt to use the payment for a seminar of equal value within 60 days. Cancellation must be done at least 2 days before the event. Non-appearance or failure to inform us of cancellation will result to forfeiture of full amount paid.

CANCELLATION BY BUSINESSCOACH: Registrant may refund full amount paid within 30 days, or may opt to use the payment for a seminar of equal value within sixty days of cancellation.

REFUND POLICY: Payment may be refunded upon presentation of the original copy of bank deposit slip and a valid ID. Cash refund is strictly implemented, and may be availed only at the BusinessCoach office in San Juan City, Metro Manila. BusinessCoach does not deposit refunds.

SCHEDULE: Schedule may change without prior notice. Please call to confirm. BusinessCoach, Inc. is not liable for any expense incurred by seminar registrant resulting from cancellation of any of our events.