ACCOUNTAHOLICSPH

Are you planning to close or cancel your business registration soon?

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026, prescribing simplified and streamlined guidelines and procedures for the closure and/or cancellation of business registration with the BIR.

Key points from the Circular include:

• Simplified Filing Options – Applications may be filed electronically or manually with the concerned Revenue District Office (RDO)
• Defined Documentary Requirements – The Circular specifies the required documents for closure and/or cancellation applications
• Final Tax Compliance Requirement – Taxpayers must file applicable final or short-period tax returns and pay corresponding taxes due
• Registration Status Update – Upon submission of complete documentary requirements, registered form types may be placed under “deregistered” status to prevent generation of open cases
• Tax Clearance Rules – Processing timelines and audit rules vary depending on taxpayer classification, outstanding liabilities, and audit status

This matters because taxpayers who cease business operations without properly applying for closure and/or cancellation with the BIR may remain liable for tax obligations, return filing requirements, and applicable penalties until the process is completed.

If you need guidance on business registration closure, tax compliance requirements, and BIR cancellation procedures, you may book a FREE 15-minute consultation with our team.☎

Do your employees have unpaid SSS short-term loans?

The Social Security System (SSS) offers the SSS CONSO LOAN Program (Consolidation of Past Due Short-Term Member Loans with Condonation of Penalty) to help qualified members consolidate eligible past due short-term loans into one loan account with repayment options that may be easier to manage.

Key program highlights:

• Consolidates eligible past due SSS short-term member loans into one account
• Penalty condonation is available subject to program terms and payment conditions
• Qualified members may avail of one-time payment or installment arrangements, depending on program conditions
• Successful compliance with the program may help members restore their standing with SSS
• Can help members better manage outstanding loan obligations.

👉For employers, employee financial challenges may affect payroll coordination, salary deductions, and government contribution-related administration.

If you need guidance on payroll compliance, SSS coordination, and government contribution processing, you may book a FREE 15-minute consultation with our team. ☎

Today, NNA officially marks 15 years of growth, trust, and building with purpose. 💚

What started with two people, a vision, and the commitment to do things right has grown into a team trusted by businesses across industries and beyond borders.

Through every challenge, milestone, and season of growth, one thing has remained constant: the belief that businesses deserve clarity, direction, and reliable support they can grow with. 👆

15 years later, we proudly celebrate not just how far we’ve come; but the people, clients, and team who made this journey possible.

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And as we celebrate this milestone, we also look forward to a special occasion still to come. 👀

Turning 15. Still Building.

When did someone last review your compliance health; not just your returns?

Over the past 15 years, one thing has remained consistent: many compliance issues could have been prevented with the right guidance and preparation.

That’s why staying ahead has always been part of how NNA supports businesses.

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2 days to go. ⏰

Turning 15. Still Building.

When was the last time your accountant told you something you didn’t already know?

The right advice doesn’t come after the problem; it comes before it.

For 15 years, we’ve focused on helping businesses stay informed, prepared, and a step ahead. 👉

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7 days to go. ⏰

Turning 15. Still Building.