What are the opening hours?

Monday 8am - 6pm Tuesday 8am - 6pm Wednesday 8am - 6pm Thursday 8am - 6pm Friday 8am - 6pm Saturday 9am - 12pm

Inventor, Miranda & Associates, CPAs

Home
Philippines
Bacolod CIty
Inventor, Miranda & Associates, CPAs

Audit and Accounting Firm Inventor, Miranda & Associates is a Philippine-based accounting firm with its principal office at Bacolod City.

It is composed of a group of Filipino professionals offering diverse services in Accounting, Audit, Consulting and Taxation. It was founded in the year 1958 by Lamberto R. Inventor, CPA which was then first established as a Sole Proprietor. In 1981, it was registered as a General Professional Partnership (GPP) with the Securities and Exchange Commission (SEC) together with his daughter as partner,

Wilma Inventor-Miranda, CPA. The firm is currently one of the oldest accounting firms in Bacolod City and has become one of the leading accounting firms in the city. 2019 marked its 60th year of service in the accounting profession, and will continue to provide quality service to existing and prospective clients for the years to come. The Firm currently caters to a client list from various industries in the Philippines such as manufacturing, merchandising, service, construction, agriculture, automotive, cooperatives, non-stock non-profit, lending, etc., ranging from small proprietorships to large corporations. The Firm is a Board of Accountancy (BOA) accredited accounting firm and at the same time a BOA accredited training provider, accredited external auditor under Group C of the Securities and Exchange Commission (SEC), the Bureau of Internal Revenue (BIR) Accredited Tax Practitioner, and the Cooperative Development Authority (CDA).

04/06/2026

Inventor Miranda and Associates (IMA), presented a Trophy of Recognition and a Cash Award to Ms. Heart Grajo of Carlos Hilado Memorial State University, for being the recipient of the Most Outstanding IMA OJT in Accountancy with Academic Excellence Award.

The award was formally conferred on June 4, 2026 by Joshua Octiva and Vince Sembrano of IMA, during the Recognition Ceremonies of the College of Business, Management and Accountancy.

This initiative reflects the Firm's commitment to promoting academic excellence and recognizing the dedication, professionalism, and outstanding achievements of students who have undergone on-the-job training with IMA.

In addition to the trophy, Ms. Grajo received a cash gift of ₱10,000, which may be used to support her future CPA Board Examination review or for any other purpose she may deem beneficial.

We believe that this recognition will further strengthen the partnership between IMA and Carlos Hilado Memorial State University while inspiring future interns to pursue excellence in both their academic endeavors and practical training

IMA look forward to fostering more opportunities that contribute to the development of future accounting professionals.

Congratulations Heart!

26/05/2026

📣Office Schedule Advisory

21/05/2026

BIR Revenue Memorandum Circular (RMC No. 047-2026) on business closure/cancellation dated May 19, 2026

Highlights

Main Purpose
The circular simplifies and streamlines the process for closing or cancelling business registration with the Bureau of Internal Revenue under the “Ease of Paying Taxes Act” (RA 11976).

Who Are Covered
Applies to:
Self-employed individuals and professionals
Online sellers / digital platform earners
Corporations, partnerships, cooperatives
Estates and trusts
Government entities and GOCCs
All business sizes (micro to large)

Where and How to File
Applications may be submitted to the taxpayer’s Revenue District Office (RDO):

Filing options:
Email submission
Online through:
TRRA Portal
ORUS
Manual/personal submission
Some original documents still need physical/manual submission.

Simplified Documentary Requirements
Only these documents are required:
1. BIR Form 1905
Application for registration update/cancellation.
2. Inventory List (for VAT taxpayers)
List of remaining inventory and capital goods.
3. Unused Invoices/Documents
Including:
Invoices
Receipts
Vouchers
Debit/Credit memos
Delivery receipts
Purchase orders
4. Original BIR Certificates/Permits
If applicable:
COR/BIR Form 2303
Authority to Print
Notice to Issue Invoice
POS/Cash Register permits
EIS certificates
5. If Filed Through a Representative
Need:
SPA (for individuals)
Board Resolution/Secretary’s Certificate (for corporations)
IDs with signatures
6. If Owner is Deceased
Need:
Death Certificate
Estate/settlement documents
Important Tax Filing Rule
Taxpayer must still:
File all final tax returns
Pay remaining taxes due
If there was no activity:
File zero returns

Major Improvement / Most Important Change
Registration can now be cancelled upon submission of complete documents.

This is significant because:
Penalties for non-filing stop accruing after complete submission.
Taxpayer status will be marked “deregistered” while processing.

Fast Processing for Small Taxpayers
For:
Micro taxpayers
Gross sales ≤ ₱3 million
Gross assets ≤ ₱8 million
Tax clearance must be issued within:
3 working days if no liabilities/open cases
3 working days after payment if there are liabilities

Also:
No mandatory audit for closure/cancellation
This is one of the biggest taxpayer-friendly provisions.

For Large Taxpayers or Those Under Audit
Closure/cancellation will only be completed after:
Audit termination
Clearance of pending investigations
Applies if:
Gross sales exceed ₱3 million
Gross assets exceed ₱8 million
Existing LOA/audit pending
Important Warning

If a business stops operating but does NOT formally close with BIR:
The taxpayer remains liable for:
Tax returns
Taxes
Penalties
until official cancellation is completed.

Effectivity
The circular took effect immediately upon issuance (May 19, 2026).

19/05/2026

BIR MEMORANDUM CIRCULAR 46-2026 dated May 18, 2026

Procedures and Deadline Extension on the Submission of 2025 Audited Financial Statements and Other Attachments Through the Electronic Audited Financial Statements System / Submission Facility

Note: This extension shall apply only to the submission of AFS and other attachments required to be submitted through the eAFS facility and shall not be construed as an extension of the deadline for the filing of the Annual Income Tax Return itself,

14/05/2026

SEC PRESS RELEASE DATED May 13, 2026

Highlights: SEC Suspends Monthly Penalties for Late/Non-Filing of Reports

The Philippine Securities and Exchange Commission (SEC) announced the temporary suspension of monthly penalties for the late or non-filing of reportorial requirements until December 31, 2026.
The suspension was approved by the Commission En Banc during its meeting on May 5, 2026.

The relief covers the monthly compounding penalties under SEC Memorandum Circular No. 6, Series of 2024 (MC 6).
MC 6 imposes fines for late or non-filing of:
Annual Financial Statements (AFS)
General Information Sheets (GIS)

Under the original rules:
OPCs and domestic stock/non-stock corporations with retained earnings/fund balance/equity incurred an additional ₱1,000 per month of continuing violation.

Corporations with negative retained earnings incurred ₱500 per month additional penalty.

The SEC clarified that:
Only the monthly penalty component is suspended.
The base penalties for late or non-filing remain enforceable.
The monthly penalties previously compounded every month, up to a maximum of 12 months.

The measure aims to:
Reduce transaction costs
Promote ease of doing business
Help corporations regain good standing and move toward compliance

The suspension also applies to corporations with pending monitoring applications.
Corporations with final assessments that are still unpaid will receive updated assessments excluding the monthly delay penalties.

12/05/2026

Office Summer Outing and Advance Birthday Celebration of our Managing Partner, Wilma Miranda, held in beautiful Syquijor, Negros Oriental from May 8–10, 2026.

Though we are not complete this year, the trip was scheduled a year ago — the fun, fellowship, and memories continue.

Grateful for the moments shared, the laughter, and the bonds strengthened along the way.

08/05/2026

📣ADVISORY

06/05/2026

Here are the key highlights of BIR Revenue Memorandum Circular (RMC) No. 033-2026 on Estate Tax Amnesty dated April 27, 2026

🔑 General Purpose
Clarifies filing and payment rules for Estate Tax Amnesty.
Applies to all BIR officers, employees, and concerned taxpayers.
📌 1. Proof of Estate Settlement
No deadline for submitting proof (e.g., Extra-Judicial Settlement, Court Order).
Failure to submit before June 16, 2025 does NOT invalidate the amnesty application.
HOWEVER:
Required for issuance of eCAR (Electronic Certificate Authorizing Registration).
Without it, transfer of assets cannot proceed.
📌 2. Undeclared Properties (After Amnesty Filing)
If assets were not included in the amnesty return:
Apply laws and tax rates at the time of death.
Compute regular estate tax ONLY on the undeclared property.
Amnesty does NOT cover omitted properties discovered later.
📊 Sample Insight (Simplified)
Estate availed amnesty → later discovered additional property
Result:
Amnesty applies only to declared assets
Additional property → subject to:
Regular estate tax
Penalties (surcharge, interest, compromise)
📌 3. Installment Payment Option
Allowed under amnesty, subject to:
Maximum of 2 years to pay
No penalties/interest (if compliant)
Requires RDO approval
Conditions:
First installment must be paid on or before June 16, 2025
Installments need not be equal
Total installments must equal total amnesty tax
⚠️ 4. Default on Installment
Missing any installment = automatic disqualification from amnesty
Consequences:
Estate taxed under regular estate tax rules
Based on law at time of death
Less payments already made
With penalties and interest
📊 Important Practical Takeaways
✔ Always declare ALL properties during amnesty filing
✔ Amnesty is not a blanket protection for future discoveries
✔ Ensure installment payments are strictly on time
✔ Secure proof of settlement early to process eCAR
💡 Bottom Line
Estate Tax Amnesty is beneficial but strictly conditional:
Full disclosure
Timely compliance
Any lapse (undeclared assets or missed payments) results in loss of amnesty benefits and exposure to full tax + penalties.
If you want, I can apply this to a real estate scenario or compute sample estate tax based on your case.

01/05/2026

QUALITY ASSURANCE REVIEW 201 to enhance quality of audit especially for CPAs in Public Practice attended by our Managing Partner Wilma Inventor Miranda, Joshua Octiva and Vince Sembrano.

It is a 3-day workshop from April 20-22,2026 by the PHILIPPINE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS NEGROS OCCIDENTAL CHAPTER AND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS IN PUBLIC PRACTICE NEGROS...

26/04/2026

Congratulations to the Awardee of Inventor Miranda and Associates (IMA) JOSHUA SOLAYBAR CALAMBA (CUM LAUDE) from the University of St LA SALLE as 2026 IMA OUTSTANDING ACCOUNTANCY STUDENT (OJT with Academic Excellence).

Here receiving trophy and a check of P10, 000 from Joshua Octiva and Vince Sembrano (both are also alumni of the University) representing IMA during USLS Recognition Day April 23, 2026.

Congratulations too to the proud parents Stephanie Solaybar-Calamba and Lorenzo Calamba Jr.

The trophy picture was changed to his latest graduation picture..

Address

2F Terra Dolce Building Hilado Street
Bacolod CIty
6100

Opening Hours

Monday	8am - 6pm
Tuesday	8am - 6pm
Wednesday	8am - 6pm
Thursday	8am - 6pm
Friday	8am - 6pm
Saturday	9am - 12pm

Telephone

+639177016771

Website

http://www.inventormiranda.com/

Alerts

Be the first to know and let us send you an email when Inventor, Miranda & Associates, CPAs posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Inventor, Miranda & Associates, CPAs:

Shortcuts

Address
Telephone
Opening Hours
Alerts
Contact The Business
Claim ownership or report listing