Keep up to date with eFPS tax return updates

In the past four years, two major tax reform measures – the TRAIN law and the CREATE law – have been enacted. TRAIN entered into law in December 2017 and CREATE in March 2021. The reforms reduced personal and corporate tax rates. How prepared are we to implement the reforms …

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Fall 2021 budget: forecasts for entrepreneurs

The fall 2021 budget is due next week, Wednesday, October 27, and as the country’s finances have taken a hard hit since March 2020 – due to government support for workers and businesses during the coronavirus pandemic, it is expected that there will be changes to the tax system to …

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A guide for business owners

“VAT” on heaps of coins Value Added Taxes (VAT), which are a type of consumption tax, are major sources of revenue for the countries of the Organization for Economic Co-operation and Development (OECD), among other regions. According to the Tax Foundation, VAT actually contributed one-third of tax revenues in OECD …

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