GG Balancewise Bookkeeping And Accounting Services

GG Balancewise Bookkeeping And Accounting Services Specialized in Business processing, accounting, bookkeeping, tax preparation, and financial planning.

We provide a wide range of services to our clients, including:

**Business Registration and Compliance Assistance:
-DTI Business Name Registration: Assisting in registering the business name with the Department of Trade and Industry.
-BIR Registration: Helping with the registration of the business with the Bureau of Internal Revenue.
-BIR Business Tax Compliances: Ensuring compliance with BIR requ

irements, including the submission of necessary forms and payments for taxes such as income tax, VAT, and percentage taxes.

**Bookkeeping Services:
-Recording financial transactions
-Maintaining general ledgers
-Accounts payable and receivable management
-Bank reconciliation
-Financial statement preparation (income statement, balance sheet, cash flow statement)

**Tax Services:
-Preparation and filing of tax returns (income tax, VAT, withholding tax, etc.)

**Administrative Support:
-Assistance with business permits and licenses
-Record-keeping and document management
-Liaison with regulatory authorities on behalf of the client

05/10/2025
Contact as for assistance ...📞☎️
12/09/2025

Contact as for assistance ...📞☎️

BIR Tax Deadline

September 12, 2025 Friday

e-FILING
BIR Forms 1601-C (Monthly Remittance Return of Income Taxes Withheld on Compensation) and/or 0619-E (Monthly Remittance Form of Creditable Income Taxes Withheld-Expanded) and/or 0619-F (Monthly Remittance Form of Final Income Taxes Withheld) – eFPS Filers under Group D. Month of August 2025

GG Balancewise Bookkeeping And Accounting Services ✅✅✅
08/09/2025

GG Balancewise Bookkeeping And Accounting Services ✅✅✅

30/07/2025

BIR Tax Deadline

July 30, 2025 Wednesday

SUBMISSION
Proof of eFiled BIR Form 1702 – RT/EX/MX with Audited Financial Statements (AFS), 1709 (if applicable), and Other Attachments through Electronic Audited Financial Statements (eAFS) or Manually. Fiscal Year ending March 31, 2025
Soft copies of Inventory Lists and Schedules stored and saved in DVD-R/USB properly labeled together with Notarized Sworn Declaration. Fiscal Year ending June 30, 2025

e-SUBMISSION
Quarterly Summary List of Sales/Purchases/Importations by a VAT Registered Taxpayers - eFPS Filers. For the Quarter ending June 30, 2025

e-FILING/FILING & e-PAYMENT/PAYMENT
BIR Form 1702Q (Quarterly Income Tax Return For Corporations, Partnerships and Other Non-Individual Taxpayers) and Summary Alphalist of Withholding Taxes (SAWT). For the Quarter ending May 31, 2025

ONLINE REGISTRATION (thru ORUS)
Computerized Books of Accounts and Other Accounting Records. Fiscal Year ending June 30, 2025

28/07/2025
✅Tax DeadlinesAvoid the Rush! File and Pay your taxes on or before the deadline. Deadline: July 25, 2025Non-VAT Taxpayer...
16/07/2025

✅Tax Deadlines
Avoid the Rush! File and Pay your taxes on or before the deadline.
Deadline: July 25, 2025
Non-VAT Taxpayers: 2nd Quarter Percentage Tax
VAT Taxpayers: 2nd Quarter Value Added Tax and Summary List of Sales and Purchases (SLSP)

GG Balancewise Bookkeeping And Accounting Services *Reliable. Compliant. Organized.***Our Services:****...
10/05/2025

GG Balancewise Bookkeeping And Accounting Services *Reliable. Compliant. Organized.*

**Our Services:**

**📌 Business Registration & Compliance**

* DTI Business Name Registration
* BIR Registration & Tax Compliance
* Filing of Income Tax, VAT, & Percentage Tax

**📘 Bookkeeping Services**

* Daily Transaction Recording
* Accounts Payable & Receivable
* Bank Reconciliation
* General Ledger Maintenance
* Financial Statements (Income Statement, Balance Sheet, Cash Flow)

**💼 Tax Services**

* Preparation & Filing of Income Tax, VAT, & Withholding Tax Returns

**🗂️ Administrative Support**

* Business Permits & Licenses Assistance
* Document Management
* Liaison with Government Agencies

Avoid Costly Mistakes: A Guide to BIR Penalties in the PhilippinesIf you're running a business or managing finances in t...
25/04/2025

Avoid Costly Mistakes: A Guide to BIR Penalties in the Philippines
If you're running a business or managing finances in the Philippines, it’s essential to understand the penalties imposed by the Bureau of Internal Revenue (BIR) for tax non-compliance. Even small missteps like late filing or missed payments can lead to significant charges. Here’s what you need to know to stay on the right side of tax laws—and keep your costs in check.

🔍 Common BIR Penalties
→Late Filing: 25% surcharge on the tax due
→Late Payment: 20% annual interest on unpaid taxes
→Compromise Penalty: A negotiated amount to resolve minor violations without legal proceedings

How Are Penalties Calculated?
Missed a payment? Here’s what to expect:
25% surcharge on the unpaid tax
20% interest per annum, calculated from the original due date
A compromise penalty, often a fixed or negotiable amount depending on the issue

Example: For a ₱10,000 tax deficiency, a 25% surcharge adds ₱2,500. Add interest based on how long the payment is overdue.
🤝 What Is a Compromise Penalty?
This is a settlement fee negotiated with the BIR to avoid legal escalation for minor tax issues like underpayment or clerical filing errors. The amount is usually predetermined but can sometimes be negotiated based on your situation.

✅ How to Avoid BIR Penalties
-File Early to allow time for error correction
-Use eFPS to file and pay online conveniently
-Consult a Tax Pro to ensure accurate and timely filing
-Set Calendar Alerts so you never miss important deadlines

🚨 Why It’s Important to Act Quickly
Ignoring BIR penalties doesn’t make them go away—in fact, it could lead to audits, extra charges, or legal action. Resolving issues early, especially through compromise settlements, can save you from long-term financial consequences.

Need help ?
We’re here to make compliance easier. [Send us a message]—let’s chat! 😊

24/04/2025

VAT Wisely!

April 25, 2025 is the deadline for Filing & Payment of the First Quarter VAT Return.

Address

Poblacion
Kidapawan
9400

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