What are the opening hours?

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

PSO Makati Accounting Firm, 10F 6780 Ayala Avenue Bldg. , 6780 Ayala Ave, Makati (2026)

28/11/2025

📢 We’re Hiring – Accounting Supervisor (Makati City)

PSO Accounting Group is looking for experienced Accounting Supervisors to join our growing leadership team.
If you have a strong background in accounting, auditing, and hands-on experience with QuickBooks or Xero, we’d love to meet you!

You’ll be responsible for reviewing financial transactions, guiding associates, and ensuring high-quality reporting and compliance.

✨ Competitive salary and growth opportunities await the right candidate!

📩 Submit your CV to [email protected]

and take the next step in your accounting career with PSO Accountants.

28/11/2025

📣 We’re expanding our team!
PSO Accountants is looking for Accounting Associates to join our growing firm in Makati City.

If you’re a graduate of Accounting, Finance, or any related business course, and passionate about building a career in accounting and compliance, we’d love to meet you.
Experience with Xero or QuickBooks is a plus, but fresh graduates are welcome to apply!

📩 Send your CV to [email protected]

and take the next step in your accounting career with us.

24/07/2025

Accounting Treatment for Online Gaming & Casino Operators: Why Their Accounting Isn’t Like Everyone Else’s

If you’re in the online gaming or casino space, especially those regulated by PAGCOR, you’d know by now that accounting here isn’t exactly business-as-usual.

On the surface, it might look like any other SEC-registered company. But once you get into the actual compliance work, you’d realize, “Ay, iba pala ‘to.”

Here are a few key reasons why:

Franchise Tax, Not Income Tax
Most regular corporations pay 25% corporate income tax. But for licensed online gaming operators, it’s usually a 5% franchise tax on gross gaming revenue — regardless of expenses. So from the start, the way revenue is computed and presented in the books is different.

You’re Not Just Reporting to SEC and BIR
In this space, regulatory coordination doesn’t stop with government agencies. Operators also comply with PAGCOR requirements, which means your financial reports sometimes need to speak their language — including formats, schedules, and even operational assumptions.

System-Generated Transactions are the Backbone
You’re not just reconciling sales and expenses. You’re looking at wallet balances, game logs, transaction IDs, even player turnover. And yes, the books have to make sense with those system records. Kaya hindi puwedeng basta encode lang, kailangan may understanding din sa daloy ng platform.

Capital Structure May Be Heavily Scrutinized
Especially for companies under the PIGO model or with foreign ownership, regulators may look closer into how capital is structured and deployed. There’s more to it than just putting up paid-up capital.

This kind of accounting work really goes beyond just ticking the boxes. You need both compliance experience and a working understanding of how these platforms actually operate. If you’re in the industry, or assisting one, it helps to know the moving parts, especially before audit and financial statement season comes around.

If you want to learn more or get clarity on how this applies to your setup, feel free to contact us anytime.

07/07/2025

BUSINESS REGISTRATION AND INCORPORATION SERVICES

Thinking of registering a business in the Philippines? We help you get it done the right way. Contact us.

Starting a company in the Philippines can feel overwhelming, especially if you are a foreign national or managing a regional startup. Business registration is not just about filling out forms — it involves navigating SEC, BIR, city hall, and more. One missing document or one wrong step can lead to weeks of delay.

We work with multinational founders, startup teams, and remote companies who want to register their business fast, clean, and with zero guesswork.

Our team handles end-to-end business registration so you can focus on building your team, growing your market, or talking to investors. Whether you are opening a domestic corporation or setting up a foreign branch, we’ve got your back.

Need help after the registration? We also provide accounting, bookkeeping, and monthly tax compliance for startups who want peace of mind from day one.

Send us a message if you want to get started or learn more. No pressure, just good advice.

25/06/2025

Settling an Estate? You May Need a CPA Statement.

When filing an Estate Tax Return, the BIR requires a CPA-certified Statement of Assets and Liabilities if the estate meets certain conditions or thresholds set by the tax authorities.

This often applies when the estate includes multiple properties, significant cash or investments, or other high-value assets.

✅ What is a CPA Statement for Estate Tax?
It’s an official report prepared by a licensed CPA that details the assets and liabilities of the deceased. It provides transparency and ensures the proper computation of estate tax obligations.

📌 When is it required?
A CPA Statement is typically required if:
• The estate involves high-value assets
• The BIR checklist includes it during estate tax processing
• There is a need to support asset declarations for tax clearance and title transfer

⸻

PSO Accounting Group offers professional preparation of CPA Statements for estate tax filings. Our team ensures accuracy, compliance, and smooth coordination with BIR requirements.

📩 Message us today to learn more or to request assistance.
We’re here to make estate settlement more manageable for your family.

20/06/2025

What happens during a BIR audit?

Lately, we have been receiving a number of inquiries about BIR audits, particularly regarding Letters of Authority (LOA) and the documentary requirements that come with them. For business owners, this process can be stressful, lalo na kapag hindi mo kabisado ang flow at checklist ng BIR.

Here’s a quick guide on what to expect:

Step 1: Letter of Authority (LOA)
This authorizes specific Revenue Officers to examine your books of accounts and tax compliance for a specific taxable year.

Step 2: Checklist of Requirements
Typically includes:
• Trial Balance and Abstract of Accounts
• SEC documents (AOI, By-laws, Cert. of Reg.)
• GIS
• BIR 2307s and tax credit substantiations
• Contracts, agreements, and lease documents
• Inventory lists and depreciation schedules

The BIR usually gives you 10 calendar days to submit everything from the time you receive the checklist.

Tip: Always maintain organized digital and physical copies of your tax records. Being audit-ready saves you time, money, and stress.

If you’re unsure how to respond to an LOA or prepare for a BIR audit, message us. We’ve handled multiple cases across various industries from simple documentation reviews to full-blown tax assessments.

18/04/2025

How to Register a Foreign Company in the Philippines

1. Understanding Domestic Corporations in the Philippines
A domestic corporation is an entity incorporated under Philippine laws, operating within the country, and subject to local regulations and taxation. Foreign investors can own shares in these corporations, with ownership structures varying based on the percentage of foreign equity.

2. Foreign Ownership Regulations
The Philippine Foreign Investments Act of 1991 outlines the permissible foreign ownership in domestic corporations:

• Up to 40% Foreign Equity: Foreigners can own up to 40% of a domestic corporation without significant restrictions.

• More than 40% Foreign Equity: Ownership exceeding 40% is allowed but may be subject to limitations or prohibitions, especially in industries listed in the Foreign Investments Negative List (FINL).

3. Minimum Capital Requirements
The required minimum capital varies based on the level of foreign ownership:

• Up to 40% Foreign Equity: Approximately PHP 5,000 (USD 100).

• More than 40% Foreign Equity: Approximately PHP 4,800,000 (USD 200,000)

4. Steps to Register a Domestic Corporation
a. Verify Business Name Availability

• Securities and Exchange Commission (SEC): Ensure your proposed business name is unique and complies with SEC guidelines.

b. Prepare Incorporation Documents

• Articles of Incorporation and By-Laws: Detailing the corporation’s structure, purpose, and operational guidelines.

• Treasurer’s Affidavit: Certifying the capital has been duly subscribed and paid.

c. Register with the SEC

• Submission: File the incorporation documents with the SEC.

• Processing: The SEC has implemented the Electronic Simplified Processing of Application for Registration of Company (ESPARC) to expedite the registration process.

d. Obtain a Tax Identification Number (TIN)

• Bureau of Internal Revenue (BIR): Register to secure a TIN and comply with tax obligations. e. Secure Local Business Permits

• Mayor’s Permit: Obtain from the local government unit (LGU) where the business will operate.

• Barangay Clearance: Acquire from the barangay (village) office.

5. Additional Requirements for Foreign Investors
• Foreign Investment Application: Submit to the SEC if foreign equity exceeds 40%.

• Proof of Inward Remittance: Demonstrate that the foreign capital has been remitted to the Philippines.

• Resident Agent Appointment: Designate a Philippine resident to act on behalf of the corporation.

6. Recent Reforms and Simplifications
The Philippine government has introduced measures to simplify business registration:

• Philippine Business Hub (PBH): A one-stop online platform reducing the registration process to a single step, completed within seven days.

• Ease of Doing Business Act: Legislation aimed at reducing bureaucratic red tape and expediting government transactions.

7. Tax Incentives and Benefits
Foreign investors may be eligible for tax incentives, especially if investing in priority sectors or regions. Consulting with local investment promotion agencies can provide insights into available benefits.

Conclusion
Establishing a domestic corporation in the Philippines as a foreign investor is now more accessible due to recent reforms. By adhering to the outlined steps and staying informed about regulatory changes, you can successfully set up and operate your business in the Philippines.

For personalized assistance and to navigate the registration process seamlessly, contact PSO Makati Accounting Firm today. Call or Whatsapp at +63 9275080210.

17/11/2024

How to Register Your Business as a Foreigner in the Philippines

Starting a business in the Philippines as a foreigner may seem complex, but with the right steps, it’s simpler than you think. Here’s a step-by-step guide to help you navigate the process and get your business up and running legally.

Step 1: Decide on Your Business Structure

The first thing to do is to choose the right structure for your business. Foreigners in the Philippines can choose from:

1. Domestic Corporation – Requires at least 60% Filipino ownership, unless your business qualifies for 100% foreign ownership (e.g., export-oriented businesses or under specific laws like the Foreign Investments Act).
2. Branch Office or Representative Office – These are extensions of your foreign company operating in the Philippines.

Step 2: Register with the Securities and Exchange Commission (SEC)

Once you’ve chosen your structure, it’s time to register with the SEC. You’ll need to:
• Reserve a unique business name.
• Submit your Articles of Incorporation and By-Laws.
• Provide proof of paid-up capital.

For most foreign-owned businesses, the required minimum paid-up capital is $200,000, but it can go down to $100,000 if your business is export-oriented or introduces advanced technology.

Step 3: Secure a Local Business Permit

After registering with SEC, you need to register your business with the local government unit (LGU) where your office will be located. Here’s what you’ll need:
• Barangay Clearance
• Mayor’s Permit
• Fire Safety Certificate
• Sanitary Permit

This ensures your business is legally recognized in your local area.

Step 4: Register with the Bureau of Internal Revenue (BIR)

Next, register with the BIR to secure your Tax Identification Number (TIN) and comply with Philippine tax laws. You’ll need to:
1. File for a Certificate of Registration (COR).
2. Register your Books of Accounts.
3. Apply for an Authority to Print (ATP) official receipts/invoices.

Proper BIR registration is essential for tax compliance and conducting business legally.

Step 5: Explore Incentives with PEZA or BOI

If your business is export-oriented, part of the IT-BPO sector, or in a priority industry, you may qualify for incentives under PEZA (Philippine Economic Zone Authority) or BOI (Board of Investments).

These incentives can include:
• Income Tax Holidays (ITH)
• VAT Zero-Rating
• Duty-Free Importation

Registering with PEZA or BOI can significantly reduce your tax burden and operational costs.

Key Tips for Foreigners

1. Partner with Experts: Business registration in the Philippines involves several steps and agencies. Hiring professionals can save you time and effort.
2. Check Ownership Restrictions: Some industries (e.g., retail trade, mass media) have specific limits on foreign ownership.
3. Prepare Your Documents in Advance: Keep all legal, financial, and identification documents ready to avoid delays.

Need Help Registering Your Business?

Navigating the business registration process in the Philippines can be challenging, but we’re here to help! From SEC registration to BOI/PEZA applications, we provide end-to-end assistance tailored for foreign entrepreneurs.

Contact us today and let’s get your business up and running!

15/11/2024

REDUCTION OF CORPORATE INCOME TAX

Starting or scaling a business has just become a little easier! 📉 With recent adjustments to the corporate income tax, small and medium enterprises (SMEs) can now enjoy a reduced corporate income tax rate of 20%—a significant change that puts more resources back into your business!

Key Benefits:
✅ Lower Corporate Income Tax Rate - SMEs now only need to pay 20%, giving your business more cash flow and capital to reinvest and grow.
✅ Gross Income Tax Cap - With a maximum tax rate of 2% on gross income, you can now operate with more predictability and manageable tax obligations.

At PSO ACCOUNTING GROUP we’re here to help you navigate these changes so that you can maximize your tax savings and focus on what matters—growing your business! Our team specializes in optimizing tax strategies to ensure that you’re fully compliant while taking advantage of these new tax incentives.

📞 Connect with us today and discover how these tax adjustments can make a difference in your business journey. Let’s make the most of every peso!

PSO Makati Accounting Firm

28/11/2025

28/11/2025

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