MJS Tax & Bookkeeping Services - Talisay City, Cebu

19/06/2026

If the BIR changes the assigned examiner to your existing tax audit, BIR needs to give you a new LOA. If you haven't received a new one, use this as a solid ground to invalidate the assessment.

If you are unsure how to handle your existing LOA, send us a message!

12/06/2026

Happy Independence Day! 🇵🇭

08/06/2026

"𝙄'𝙡𝙡 𝙛𝙞𝙡𝙚 𝙞𝙩 𝙩𝙤𝙢𝙤𝙧𝙧𝙤𝙬." But tomorrow came and you forgot to file it.

"𝙄'𝙡𝙡 𝙛𝙞𝙡𝙚 𝙞𝙩 𝙣𝙚𝙭𝙩 𝙬𝙚𝙚𝙠." But next week came and you still forgot to file it.

"𝙄 𝙙𝙤𝙣'𝙩 𝙚𝙫𝙚𝙣 𝙝𝙖𝙫𝙚 𝙖 𝙩𝙖𝙭 𝙙𝙪𝙚 𝙖𝙣𝙮𝙬𝙖𝙮. 𝙒𝙝𝙖𝙩'𝙨 𝙩𝙝𝙚 𝙬𝙤𝙧𝙨𝙩 𝙩𝙝𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙘𝙤𝙪𝙡𝙙 𝙝𝙖𝙥𝙥𝙚𝙣?"

Well, the BIR doesn't forget. And even if your tax due is exactly ₱0, "later" comes with a painful list of penalties.

If you miss a full year of compliance, even with zero tax due,the compromise penalties for 30 missed forms under EOPT look like this:

1601C (Compensation) | 12 months = ₱6,000
0619E (Monthly EWT) | 8 months = ₱4,000
1601EQ (Quarterly EWT) | 4 quarters = ₱2,000
1701Q (Quarterly Income) | 3 quarters = ₱1,500
1604E & 1604C (Annual Info) | 2 forms = ₱1,000
1701 (Annual Income) | 1 form = ₱500
Alphalist Penalty (EOPT Annual Cap) = ₱12,500
🚨 Grand Total: ₱27,500

But let’s be honest. When you’re replying to customers at 9 PM, packing orders, computing payroll, and trying to keep your business alive, tax deadlines are the first thing to slide.

TBH, you shouldn’t have to choose between growing your business and staying out of the BIR's penalty box.

If you're tired of doing it DIY, drop us a DM. We won't judge you.

𝓢𝓮𝓻𝓿𝓲𝓬𝓮𝓼 𝓸𝓯𝓯𝓮𝓻𝓮𝓭:
💡Business registration (Sole, Corp) (DTI,SEC,BIR)
💡Tax Filing
💡Bookkeeping
💡PEZA registration
💡Permits processing
💡Tax consultancy
💡ONETT processing
💡Transfer of title

📩[email protected] 📞+639563942832

07/06/2026

⌛️⌛️⌛️

Don’t let this announcement ruin your Sunday night, but the SEC eFAST deadline for your 2025 Audited Financial Statements (AFS) is next Monday, June 15, 2026.

As per usual, we can expect delays and glitches in the online portal, especially the 1-2 days before the deadline and much more on the day of deadline itself. This can be a huge headache for those who are still trying to learn the portal, or those who have no patience or time to accomplish the filing (coz let’s be honest, running a corporation is not a walk in the park!).

If you are feeling overwhelmed, you are definitely not alone. Try to upload early to avoid penalties. Also, remember that weekend uploads do not count until Monday, so plan ahead!

If you have last-minute questions or need a corporate and tax lawyer to double-check your paperwork, our team is here to help.

Enjoy the rest of your weekend, send us a DM tomorrow, and let’s get it sorted.

07/06/2026

Reducing penalties by bribing the officers? NOPE!

We should do it legally.. or else, they'll come back next year for another LOA.

04/06/2026

It’s always a good feeling when you see your client’s business thriving! Care for a matcha? 😋

01/06/2026

We get this question a lot. 𝙰𝚗𝚍 𝚝𝚑𝚎 𝚜𝚝𝚛𝚊𝚒𝚐𝚑𝚝 𝚊𝚗𝚜𝚠𝚎𝚛 𝚒𝚜: 𝓨𝓔𝓢!

Business transactions must be recorded on the BIR-registered 𝙈𝙖𝙣𝙪𝙖𝙡 𝘽𝙤𝙤𝙠𝙨 𝙤𝙛 𝘼𝙘𝙘𝙤𝙪𝙣𝙩𝙨 on a daily basis. But the good news is that you have until 5:00 PM of the next following day.

Legal basis: Revenue Regulations No. V-1

26/05/2026

Our team will be unavailable for two days, from May 27 to 28. Don't worry. We will be back to answer your messages and emails on Friday, May 29, 2026. :)

Thank you so much for understanding. We are hoping to go back to the office refreshed and ready to serve your tax and accounting needs.