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First-Alpha Accounting Services

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ACCOUNTING - AUDIT - TAXATION - MANAGEMENT

03/11/2026

First-Alpha Accounting Services is immensely proud to celebrate the incredible achievement of two amazing individuals who have successfully passed the October 2026 CPA Licensure Examination:

Mr. Jayson Repolido, CPA
Former FAAS Tax Compliance Staff

Ms. Lucy Marie F. Udtohan, CPA
Former FAAS OJT Staff

Your dedication, late-night study hours, and relentless pursuit of excellence have truly paid off. Having witnessed your hard work, sharp minds, and commitment while your both were part of our team, we always knew you were destined for greatness.

As you step into this exciting new chapter as Certified Public Accountants, may you continue to shine, lead with integrity, and inspire future aspirants in the accounting profession.

We are cheering you on all the way! Congratulations Jayson and Lucy!

14/10/2026

We are proud to share that our BIR Registration Seal / Badge is officially posted and up to date, as mandated by the Bureau of Internal Revenue.

At First-Alpha Accounting Services, maintaining full compliance and operating with complete transparency are the foundations of our practice.

Let us continue to be compliant and be active partners in nation building!

Thank you!

30/06/2026

📢 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗨𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝟮𝟬𝟮𝟬 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗦𝗵𝗲𝗲𝘁 (𝗚𝗜𝗦) 𝗙𝗼𝗿𝗺 𝗳𝗼𝗿 𝗚𝗜𝗦 𝗮𝗻𝗱 𝗕𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗹 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗗𝗲𝗰𝗹𝗮𝗿𝗮𝘁𝗶𝗼𝗻 (𝗕𝗢𝗗) 𝗣𝗮𝗴𝗲 𝗙𝗶𝗹𝗶𝗻𝗴 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗲𝗙𝗔𝗦𝗧 𝗨𝗻𝘁𝗶𝗹 𝟯𝟭 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟲

The Securities and Exchange Commission (SEC) informs all corporations and other concerned stakeholders that the transitional use of the 2020 General Information Sheet (GIS) Form, which includes the Beneficial Ownership Declaration (BOD) Page, is extended until 31 July 2026.

During the extension period, corporations may continue to file their GIS and BOD Page through eFAST using the 2020 GIS Form without being redirected to the Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR).

This extension is intended to facilitate a smooth transition to HARBOR while the Commission continues to address technical issues affecting the filing process.

For inquiries and technical assistance:
📞 Dial 1-4SEC (1-4732).
💬 Visit the SEC iMessage portal at https://imessage.sec.gov.ph/

Read the full notice here: https://www.sec.gov.ph/notices/extension-of-the-transitional-use-of-the-2020-general-information-sheet-gis-form-for-gis-and-beneficial-ownership-declaration-bod-page-filing-through-efast-until-31-july-2026/

27/06/2026

Driving growth through expertise and collaboration.

We are proud to share that the Managing Practitioner of First-Alpha Accounting Services, Mr. Alphonse Mari P. Ligutan, CPA, MBA, served as the Sector Specialist during the sectoral workshop for the crafting of the Ormoc City Economic Development and Strategic Investment Promotion Plan (OCEDSIPP) held on June 24–25, 2026.

The workshop brought together stakeholders from the Trade, Commerce, and Cooperatives sectors to identify opportunities, address challenges, and formulate strategies that will strengthen Ormoc City's economic development and investment promotion initiatives.

First-Alpha Accounting Services is honored to contribute its expertise in shaping policies and strategies that support sustainable economic growth, stronger local enterprises, and a more competitive business environment.

Together, we build a stronger and more prosperous Ormoc City.

Photos: Local Economic Development and Investment Promotion Office

23/06/2026

It’s a wrap! 2-day Excel Training and Workshop for Alto Peak Cafe Team.

Thank you for the trust and continued partnership Alto Peak Chocolates!

22/06/2026

BIR One-Time Tax Abatement Program (RR No. 4-2026)

BIR launched a One-Time Tax Abatement Program for qualified micro taxpayers through Revenue Regulations No. 4-2026 issued on June 22, 2026.

Application period: Until December 31, 2026

Who may qualify?

Micro taxpayers
a. with annual gross sales not exceeding ₱3,000,000; and
b. whose covered total basic tax liabilities and/or penalties not exceeding ₱80,000 per taxable year.

Covered cases include:

* Delinquent tax accounts.
* Tax assessments (preliminary or final, disputed or undisputed).
* Open stop-filer cases.
* Taxpayers who have already ceased business operations.
* Cases existing as of December 31, 2025.

Purpose of the program:

* Allow taxpayers to settle old tax issues.
* Clean up and update taxpayer records.
* Encourage voluntary tax compliance.
* Provide a “fresh start” for micro businesses and stop-filers.

Application requirements:

* File an application with the appropriate Revenue District Office (RDO).
* Pay a one-time abatement fee of ₱5,000 per approved application.

See RR for full details.

22/06/2026

Day 1 done for the Alto Peak Cafe team’s Excel Training and Workshop.

Thank you for your full participation and commitment to learn!

See you tomorrow!

16/06/2026

This week, we proudly celebrate the 8th Anniversary of First-Alpha Accounting Services.

What began as a vision to provide reliable, value-adding, and professional accounting services has grown into a trusted partnership with businesses, entrepreneurs, government, and organizations across our community.

This milestone is a testament to the trust of our clients and partners, the dedication of our team, and the unwavering support of our stakeholders.

As we reflect on our journey, we are grateful for every challenge that strengthened us, every opportunity that inspired us, and every relationship that contributed to our growth.

We renew our commitment to empowering businesses, creating value, and helping our clients achieve sustainable success.

Thank you for being part of our journey. Here's to the next chapter of growth, innovation, and service excellence.

Happy 8th Anniversary, First-Alpha Accounting Services!

20/05/2026

📣 𝗦𝗘𝗖 𝘀𝘂𝘀𝗽𝗲𝗻𝗱𝘀 𝗺𝗼𝗻𝘁𝗵𝗹𝘆 𝗽𝗲𝗻𝗮𝗹𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗹𝗮𝘁𝗲, 𝗻𝗼𝗻-𝗳𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝗿𝗲𝗽𝗼𝗿𝘁𝘀

The Securities and Exchange Commission (SEC) is suspending until December 31, 2026 the imposition of monthly penalties in the late or non-filing of reportorial requirements, as it seeks to reduce transaction costs and promote the ease of doing business.

In its meeting on May 5, the Commission En Banc approved the suspension of penalties imposed for every month of delay for the late or non-filing of reportorial requirements, as provided under SEC Memorandum Circular No. 6, Series of 2024 (MC 6).

“As we celebrate the Ease of Doing Business month this May, the SEC reaffirms its commitment to foster a robust and responsive business environment,” SEC Chairperson Francis Lim said.

“By suspending the compounding monthly penalties, we are providing corporations an opportunity to get back their good standing without the burden of mounting transaction costs, as part of our goal of pushing corporations toward full compliance and sustainable growth,” he added.

The suspension will apply to corporations with pending monitoring applications. Corporations that have received final assessments but have not yet settled payment will be issued updated assessments excluding the per month of delay components.

Read the full memorandum circular here: https://www.sec.gov.ph/mc-2026/sec-mc-no-16-series-of-2026suspension-of-the-per-month-of-delay-penalty-for-late-and-non-filing-of-reportorial-requirements-under-sec-memorandum-circular-no-6-series-of-2024/

Read the full press release here: https://www.sec.gov.ph/pr-2026/sec-suspends-monthly-penalties-for-late-non-filing-of-reports/

20/05/2026

RMC 47-2026

BIR simplifies the process of closing taxpayer registration by prescribing the documentary requirements and process. Micro taxpayers, those with less than 3M gross sales in the immediately preceding year or less than 8M gross assets at the time of retirement, will no longer be subjected to audit.

Address

Ormoc City
6541

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm
Saturday	9am - 5pm
Sunday	9am - 5pm

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