BIR Collection for August 2012 Grew by 10.04%

BIR Collection is moving steadily

For the month of August 2012, the BIR collected Php 96.76 billion in tax revenues, Php 8.83 Billion or 10.04% more than collections made in August of 2011.  For the period January to August 2012, the BIR collected Php 701.43 Billion in tax revenues, Php 81.72 Billion or 13.19% more than collections made for the period January to August of 2011.

Why am I required to submit a 2316 and 1902 by my employer?

If you already have a TIN & do not have a copy of your 1902 application,
provide a copy of your TIN card instead

WHAT IS BIR FORM 2316:

The 2316 is "Certificate of Compensation Payment/Tax Withheld". It is a certificate issued by ones employer for taxes that they are required to withheld every month. Which they should file and remit each month.

Problem with going AWOL

Avoid future problem of going AWOL. File your letter of resignation.
Remember you need that 2316 Certificate as proof of your tax payments.
Which is likely required by your new employer.

If you went AWOL, now that won't look good with your new employer or any employer for that matter. And your now in a dilemma as your new employer would require you to submit this 2316. This has been ask to me so many times. The problem arises when you pointed out in your interview that you were employed before and naturally you would also be asked how long you were with your previous employer.

Pinterest for Business

Hover your mouse pointer over the magazine publication above and click on it. Use your Left and Right arrow keys to turn the page.

Another great web tool for marketing your interests and business. Which by the way we will be posting a link to an information material regarding Tax Guide for Professionals. Updated and based on the new BIR issuance of 2012. When? probably within the week or next week. 

One Million Lights

Hover your mouse pointer over the magazine publication above and click on it. Use your Left and Right arrow keys to turn the page. - More energizer

This is a great cause not only to save or help our environment but also help provide lights to communities who have no electricity to power lights in their areas.  Simply because they cannot afford it. The article hopes to get support from those who would like to help our communities per barangay or per family.