BELLA Bookkeeping and Consultancy Services

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BELLA Bookkeeping and Consultancy Services We provide flexible, reliable solutions tailored to your business needsโ€”so you can focus on growth and strategy.

Helping Business Owners To Understand Their Numbers Behind ๐Ÿ“Š Learn, analyze and report for business growth ๐Ÿ“ˆ

Don't assume unless otherwise stated! ๐Ÿฆ‹
www.bellaaccountingph.com Bella Accounting and Bookkeeping Services are designed to help companies to operate more efficiently by handling essential administrative, operational, and back-office tasks.

๐Ÿšจ Mahal po ang BIR Penalties!Alam niyo po ba na ang simpleng pagkakamali sa business registration, receipts, o invoices ...
25/07/2026

๐Ÿšจ Mahal po ang BIR Penalties!

Alam niyo po ba na ang simpleng pagkakamali sa business registration, receipts, o invoices ay puwedeng magresulta sa libo-libong piso na compromise penalties?

Narito po ang quick reference ng ilan sa mga pinakakaraniwang violations at ang katumbas nilang penalties.

๐Ÿ’ก I-save niyo po ang post na ito para magamit ninyo sa future reference.

ADVISORY SYSTEM MAINTENANCEKya kung hindi pa din nakakareceived ng confirmation email baka ito ang dahilan, irefile lang...
20/07/2026

ADVISORY SYSTEM MAINTENANCE

Kya kung hindi pa din nakakareceived ng confirmation email baka ito ang dahilan, irefile lang ulit

18/07/2026

๐Ÿ“ข Attention RDO 105 Taxpayers: 2nd Quarter 2026 Deadlines!
Filing season is here! If you are registered under RDO 105 (Surigao Del Norte and Dinagat Islands), it is time to prepare your tax returns for the April to June 2026 period.

Be sure to file and pay early to avoid last-minute stress, long lines, and unnecessary penalties!

๐Ÿ—“๏ธ Important Due Dates to Remember:
July 25, 2026: Deadline for Form 2551Q (Quarterly Percentage Tax) and Form 2550Q (Quarterly Value-Added Tax).

July 31, 2026: Deadline for Form 1601EQ (Withholding Tax โ€“ Expanded).

August 15, 2026: Deadline for Form 1701Q (Quarterly Income Tax for Individuals, Estates & Trusts).

Let's fulfill our part in nation-building! ๐Ÿ‡ต๐Ÿ‡ญ

10/02/2026

The BIR does NOT accredit Electronic Invoicing System (EIS) providers.

Only taxpayers mandated/notified to use the EIS must apply to the BIR for EIS Certification and Permit to Transmit (PTT) sales dataโ€”not software or system providers.

Submission of Annex A Deadline: January 20, 2026
20/01/2026

Submission of Annex A

Deadline: January 20, 2026

๐“๐š๐ฑ ๐‘๐ž๐ญ๐ฎ๐ซ๐ง ๐ฏ๐ž๐ซ๐ฌ๐ฎ๐ฌ ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐‘๐ž๐ญ๐ฎ๐ซ๐ง Tax return is filed by the taxpayer who computed  either a tax due or overpayment u...
11/01/2026

๐“๐š๐ฑ ๐‘๐ž๐ญ๐ฎ๐ซ๐ง ๐ฏ๐ž๐ซ๐ฌ๐ฎ๐ฌ ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐‘๐ž๐ญ๐ฎ๐ซ๐ง

Tax return is filed by the taxpayer who computed either a tax due or overpayment under the self-assessment method in our jurisdiction. This is the way a taxpayer โ€œdeclaresโ€ the amount of tax due or overpayment to the government. It has also the penalties - interest, surcharge, and compromise penalty due to late โ€œfiling and paymentโ€ or any deficiency computed.

Information return on the other hand is simply one which provides โ€œinformationโ€ to the BIR which helps the bureau determine the tax compliance of the taxpayer submitting the form and/or the taxpayers where income payments are made to. It has no amount of tax due nor penalties on its โ€œformโ€ since the purpose is to provide โ€œinformationโ€ and not to declare and pay any amount. But the late filing of information return also penalizes the taxpayer who should pay through a separate BIR payment form (0605), a โ€œtax returnโ€ representing the compromise penalty. Again, such penalty is not included in the โ€œinformation returnโ€.

Why is it only a compromise penalty when filing an information return beyond the deadline? It is because, again, there is no tax due. The interest and surcharge penalties are based on the tax due. So when there is no tax due, the interest rate and the surcharge rate is multiplied by โ‚ฑ0 tax due resulting into โ‚ฑ0 interest and surcharge.

Happy New Year  ๐Ÿฅณ Thankyou so much for all your love and support since day one. We are looking forward to another great ...
01/01/2026

Happy New Year ๐Ÿฅณ

Thankyou so much for all your love and support since day one. We are looking forward to another great year ahead ! Again, Happy New Year everyone ๐Ÿ™‚

Chart of Accounts
21/12/2025

Chart of Accounts

TAX NEWS !!!!!
19/11/2025

TAX NEWS !!!!!

17/11/2025

Difference between Accountant, Chief Accountant, Finance Manager, and External Auditor

1๏ธโƒฃ Accountant
Records daily transactions, prepares journal entries, reviews invoices, and posts to ledgers.
๐Ÿ”ธ Operational โ€“ focuses on details.

2๏ธโƒฃ Chief Accountant
Reviews accountantsโ€™ work, supervises the preparation of financial statements, and ensures compliance with accounting policies.
๐Ÿ”ธ Supervisory โ€“ focuses on organization and accuracy.

3๏ธโƒฃ Finance Manager CFO
Plans, analyzes, and makes strategic financial decisions. Oversees cash flows and manages relationships with banks and investors.
๐Ÿ”ธ Managerial โ€“ focuses on the big picture.

4๏ธโƒฃ External Auditor
An independent professional who audits financial statements to ensure their accuracy and compliance with accounting standards.
๐Ÿ”ธ Audit & Assurance โ€“ focuses on credibility and transparency.

Hope you learned something today? ๐Ÿ˜‰๐Ÿ˜Š

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