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Monday 9am - 6pm Tuesday 9am - 6pm Wednesday 9am - 6pm Thursday 9am - 6pm Friday 9am - 6pm Saturday 9am - 2pm

Calvo-Romulo Accounting and Auditing Services

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Davao City
Calvo-Romulo Accounting and Auditing Services

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Precise books, principled advice.

28/10/2026

PAYROLL — 13TH MONTH SEASON

13th month pay is due by Dec 24 — let's get the computation right early. Accurate 13th month pay computation, SSS/PhilHealth/Pag-IBIG and withholding tax remittance, payslips and disbursement, handled end-to-end.

27/10/2026

CREDITABLE VS. FINAL WITHHOLDING TAX

Creditable withholding tax (Form 2307) is an advance credit against your income tax due. Final withholding tax closes out the tax obligation entirely — there's no more return to file on that income. Not sure which type applies to your transactions? Let's check.

26/10/2026

Good news for VAT and percentage taxpayers! Because of technical issues with BIR's eFPS, BIR has issued RMC No. 115-2026 extending the deadline for filing and paying the Quarterly VAT Return (BIR Form 2550Q) and Quarterly Percentage Tax Return (BIR Form 2551Q) originally due October 26, 2026.

The new deadline is October 29, 2026, and no penalties will be imposed if you file and pay within the extended period.

Still need to file your quarterly returns? Send us a message and our team will gladly assist you.

26/10/2026

Good news for online sellers, content creators and other taxpayers: BIR has suspended the mandatory display of the BIR Registration Seal Badge until further notice (RMC No. 113-2026, dated October 26, 2026).

That means the October 31, 2026 deadline no longer applies, and no penalties will be imposed solely for not displaying the badge. If you've already secured your badge, you may keep displaying it if you wish.

BIR says it will use the suspension to address data privacy and technical concerns and consult affected taxpayers, so keep an eye out for further announcements.

Questions about your online business registration? Message us and we'll gladly help.

26/10/2026

COMPLIANCE REMINDER (DAY-OF)

📌 Deadline today: BIR Form 2550Q & 2551Q (Q3 2026 Quarterly VAT Return and Quarterly Percentage Tax Return). The regular Oct 25 due date fell on a Sunday.

23/10/2026

SEC EXTENDS AFS FILING WINDOW

The SEC has granted an extended filing window for select categories of AFS filers this cycle. Coverage varies by registration group, so check whether your business qualifies.

22/10/2026

UNDERSTANDING YOUR COST OF GOODS SOLD

COGS isn't just “what I paid for inventory.” Freight, direct labor, and production overhead often belong there too — and getting it wrong quietly distorts your actual gross margin. Want a second look at how you're computing COGS?

21/10/2026

BOOKKEEPING — YEAR-END READY

Catch-up bookkeeping before year-end close, bank and account reconciliation across all months, and clean books going into your annual ITR and AFS. Don't let messy books turn into a stressful January.

20/10/2026

DE MINIMIS BENEFITS THAT ARE TAX-EXEMPT

Rice subsidies, uniform allowances, medical cash allowance, and monetized unused leave — up to set ceilings — are tax-exempt de minimis benefits. Anything beyond the ceiling becomes taxable compensation. Not sure your payroll setup reflects current ceilings? Let's check.

19/10/2026

DID YOU KNOW: YOUR COR MUST BE DISPLAYED

Did you know your BIR Certificate of Registration (Form 2303) must be posted conspicuously at your principal place of business, along with your Proof of Payment of the registration fee where applicable?

Address

Door 303, 3rd Floor, #365 Farmar Building, Rizal Street , Brgy. 3-A, Poblacion
Davao City
8000

Opening Hours

Monday	9am - 6pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 6pm
Saturday	9am - 2pm

Telephone

+639053961553

Website

https://www.linkedin.com/company/calvo-romulo-accounting-and-auditing-services

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