Balance Cents Bookkeeping and Accounting Services

26/10/2026

26/10/2026

𝗕𝗜𝗥 𝗘𝗫𝗧𝗘𝗡𝗗𝗦 𝗩𝗔𝗧 𝗔𝗡𝗗 𝗣𝗘𝗥𝗖𝗘𝗡𝗧𝗔𝗚𝗘 𝗧𝗔𝗫 𝗙𝗜𝗟𝗜𝗡𝗚 𝗗𝗘𝗔𝗗𝗟𝗜𝗡𝗘𝗦 𝗧𝗢 𝗢𝗖𝗧𝗢𝗕𝗘𝗥 𝟮𝟵

The Bureau of Internal Revenue (BIR) has extended the October 26, 2026 deadline to October 29, 2026 for the filing of tax returns and payment of corresponding taxes under BIR Form No. 2550Q (Quarterly Value-Added Tax Return) and BIR Form No. 2551Q (Quarterly Percentage Tax Return), including the submission of required attachments.

Under Revenue Memorandum Circular No. 115-2026, signed by Commissioner Charlito Martin R. Mendoza, the extension was granted due to the unavailability of the Electronic Filing and Payment System (eFPS). No penalties will be imposed for filings and payments made within the extended deadline.

Read the full RMC below for details.

28/08/2026

𝗡𝗲𝘄 𝗧𝗮𝘅𝗽𝗮𝘆𝗲𝗿 𝗚𝘂𝗶𝗱𝗲 𝗔𝗹𝗲𝗿𝘁!

Pursuant to RMC No. 64-2026, existing registered business taxpayers with no changes in their registration information may now generate their Registration Seal Badge via ORUS.

Learn who may avail and how to generate the Seal Badge.

Swipe through our Taxpayer Guide and stay compliant.

28/08/2026

Message us now for the assistance.

27/08/2026

📢 Good News for Micro Taxpayers!

Have unresolved tax cases, open stop-filer records, or uncollected penalties from past years? The Bureau of Internal Revenue (BIR) has officially introduced a One-Time Tax Abatement Program under Revenue Regulations No. 004-2026 to help small businesses settle outstanding tax obligations at a fraction of the cost.

💡 Highlights of the Program
* Who Qualifies: Micro taxpayers with annual gross sales of less than ₱3,000,000 (for mixed-income earners, this applies to business income).
* Covered Liabilities: Basic tax due and/or penalties up to ₱80,000 per taxable year (covering periods as of December 31, 2025). Includes delinquent accounts, preliminary/final assessments, and stop-filer cases—even for businesses that have already ceased operations.
* One-Time Abatement Fee: A fixed fee of ₱5,000 replaces accumulated surcharges, interest, and compromise penalties upon approval.

📋 How to Avail (Step-by-Step)
* File Application: Submit the official application manually to your designated Revenue District Office (RDO) on a per taxable year basis.
* Pay the Abatement Fee: Pay the ₱5,000 fee using BIR Form No. 0605 within 5 working days of application acceptance.
* Submit Proof of Payment: Turn in your payment receipt to your RDO within 5 working days of payment.
* Receive Certificate: Obtain your Certificate of Availment confirming the closure of the covered case.

⏳ Key Dates to Remember
* Effectivity Date: July 7, 2026.
* Deadline to Avail: December 31, 2026.
Don't miss this opportunity to regularize your BIR records and start fresh! Check out the visual guide above or visit your RDO for complete details.


Read RR No. 004-2026 here:
https://bir-cdn.bir.gov.ph/BIR/pdf/RR%20No.%204-2026_Redacted.pdf

Read RMC No. 084-2026 here:
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2084-2026_Redacted.pdf

Read RMO No. 19-2026 here:
https://bir-cdn.bir.gov.ph/BIR/pdf/RMO%20No.%2019-2026_Redacted.pdf

03/08/2026

📢 Q2 BIR TAX FILING REMINDER! 🇵🇭

Are you a freelancer, professional, self-employed individual, or business owner?

Don’t forget your BIR Form 1701Q – 2nd Quarter Income Tax Return! 🧾

📌 Period Covered: April 1 – June 30, 2026
📌 Filing Deadline: August 15, 2026
📌 Form: BIR Form 1701Q

Avoid the stress of last-minute filing! Let Balance Cents Bookkeeping and Tax Services help you keep your books and tax obligations in order.

💼 OUR SERVICES

✅ BIR Form 1701Q Preparation & Filing
✅ Income Tax Computation
✅ Bookkeeping Services
✅ Tax Compliance Assistance
✅ Financial Record Review
✅ Assistance for Freelancers & Self-Employed Professionals

⚠️ Remember: Incomplete records or incorrect tax computations can lead to filing errors and possible penalties.

📩 Need assistance with your Q2 tax filing?
Send us a message today and let’s get your tax records ready!

BALANCE YOUR BOOKS. MANAGE YOUR TAXES. PROTECT YOUR BUSINESS.

Balance Cents Bookkeeping and Tax Services
📊 Your Partner in Accurate Books and Tax Compliance.

03/08/2026

📢 BIR TAX DEADLINE REMINDER | 1701Q – 2ND QUARTER 2026

Are you a self-employed individual, professional, freelancer, or business owner registered with the BIR?

It’s time to prepare for your 2nd Quarter Quarterly Income Tax Return (BIR Form 1701Q). 🧾💻

📌 BIR Form: 1701Q
📅 Period Covered: April 1 – June 30, 2026
⏰ Filing Deadline: August 15, 2026

The 1701Q is a quarterly income tax return for individuals, including those earning income from business, profession, or self-employment. The 2nd quarter covers income and allowable deductions for the period April to June, subject to the applicable tax rules and accounting method.

✅ Before filing, make sure you have:

✔️ Complete sales/income records
✔️ Properly documented business expenses
✔️ Updated bookkeeping records
✔️ Previous quarterly return details
✔️ Required books and supporting documents
✔️ Correct computation of income tax due

⚠️ Don’t wait until the deadline! Filing and payment should be prepared early to avoid errors, last-minute technical issues, and possible penalties.

💼 Need help with your 1701Q filing?
Let a professional handle your bookkeeping, tax computation, and BIR filing requirements.

📩 Message us today to schedule your tax filing assistance.

File accurately. Pay correctly. Stay BIR compliant. 🇵🇭