UNA Tax and Accounting

UNA Tax and Accounting Offers services such as : Taxation, General Accounting, and Auditing

In observance of National Heroes Day, please be advised that our office will be CLOSED on August 31, 2026 (Monday). Our ...
27/08/2026

In observance of National Heroes Day, please be advised that our office will be CLOSED on August 31, 2026 (Monday).

Our regular business operations will resume on Tuesday, September 1, 2026.

๐Ÿ“ข For employers and employees: The Department of Labor and Employment (DOLE) has issued Labor Advisory No. 13, Series of 2026, outlining the wage payment rules for the Regular Holiday on August 31, 2026. We encourage everyone to review the advisory and take note of the applicable holiday pay guidelines.

If you need assistance with payroll processing, holiday pay computation, tax compliance, or other accounting requirements, feel free to contact us.

Let us take this day to honor the courage, sacrifices, and contributions of the Filipino heroes who helped shape our nation, as well as the everyday heroes who continue to serve with dedication and integrity.

We wish everyone a meaningful, safe, and restful National Heroes Holiday!

๐Ÿ“ข Big shift for companies planning to raise capital: the SEC has made online filing mandatory for registration statement...
27/08/2026

๐Ÿ“ข Big shift for companies planning to raise capital: the SEC has made online filing mandatory for registration statements.

Under SEC Memorandum Circular No. 24, Series of 2026, all applications for Initial Public Offerings (IPOs), Follow-On Offerings, Direct Public Offerings, and first-tranche Shelf Registrations must now go through the Online Application for Registration ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€ (๐—ข๐—”๐—ฅ๐—ฆ) no more manual submissions.

W๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ถ๐˜€ ๐—บ๐—ฒ๐—ฎ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚:

โœ…Processing time drops to ๐Ÿฐ๐Ÿฌ ๐—ฑ๐—ฎ๐˜†๐˜€ (once fees are paid)
โœ…You'll need an eSECURE account before you can apply
โœ…Pending applications continue under the old process only new applications must use OARS

If your company is planning a public offering, don't get caught unprepared by the new system.

๐Ÿ“ฉ Talk to UNA about getting your eSECURE account and application ready.

๐Ÿ“‹ Financing and lending companies (FCs/LCs): the SEC just adopted a new standard Business Plan form and if you're planni...
27/08/2026

๐Ÿ“‹ Financing and lending companies (FCs/LCs): the SEC just adopted a new standard Business Plan form and if you're planning to operate or expand, this affects your next filing.

Under the "2026 BP Guide" (SEC Notice, 26 August 2026), all FCs and LCs must now use SEC Form BP-01 for both original and amended Business Plans. No other format will be accepted.

๐—›๐—ฒ๐—ฟ๐—ฒ'๐˜€ ๐˜„๐—ต๐—ฎ๐˜ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ฒ๐—ฑ:

โœ…Newly incorporated FCs/LCs must submit their Original Business Plan within 60 days of receiving their Certificate of Authority
โœ…Companies planning to run Online Lending Platforms (OLPs) must disclose and record these first
โœ…Amendments now require a sworn comparative matrix showing exactly what changed

Filing incorrectly or late can delay your ability to legally operate. Let UNA make sure your submission is airtight from day one.

๐Ÿ“ฉ Message us to get started.

๐—” ๐—บ๐—ฎ๐—ท๐—ผ๐—ฟ ๐—ฎ๐˜‚๐—ฑ๐—ถ๐˜ ๐—ณ๐—ฎ๐—ถ๐—น๐˜‚๐—ฟ๐—ฒ ๐—ถ๐˜€ ๐—ฝ๐˜‚๐˜€๐—ต๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ฆ๐—˜๐—– ๐˜๐—ผ ๐—ด๐—ฒ๐˜ ๐˜€๐˜๐—ฟ๐—ถ๐—ฐ๐˜๐—ฒ๐—ฟ ๐—ผ๐—ป ๐˜„๐—ต๐—ผ ๐—ด๐—ฒ๐˜๐˜€ ๐—ถ๐˜๐˜€ ๐˜๐—ผ๐—ฝ ๐—ฎ๐˜‚๐—ฑ๐—ถ๐˜๐—ผ๐—ฟ ๐—ฎ๐—ฐ๐—ฐ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป.Following the MFT Gro...
26/08/2026

๐—” ๐—บ๐—ฎ๐—ท๐—ผ๐—ฟ ๐—ฎ๐˜‚๐—ฑ๐—ถ๐˜ ๐—ณ๐—ฎ๐—ถ๐—น๐˜‚๐—ฟ๐—ฒ ๐—ถ๐˜€ ๐—ฝ๐˜‚๐˜€๐—ต๐—ถ๐—ป๐—ด ๐˜๐—ต๐—ฒ ๐—ฆ๐—˜๐—– ๐˜๐—ผ ๐—ด๐—ฒ๐˜ ๐˜€๐˜๐—ฟ๐—ถ๐—ฐ๐˜๐—ฒ๐—ฟ ๐—ผ๐—ป ๐˜„๐—ต๐—ผ ๐—ด๐—ฒ๐˜๐˜€ ๐—ถ๐˜๐˜€ ๐˜๐—ผ๐—ฝ ๐—ฎ๐˜‚๐—ฑ๐—ถ๐˜๐—ผ๐—ฟ ๐—ฎ๐—ฐ๐—ฐ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป.

Following the MFT Group case, where auditors from a PwC Philippines affiliate reportedly signed off on financial statements later flagged as misleading, the SEC says it's preparing new rules limiting "Group A" accreditation, needed to audit the country's biggest and publicly listed companies, to auditors with zero findings of material deficiency.

โœ…๐—ช๐—ต๐˜† ๐˜๐—ต๐—ถ๐˜€ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€: Audit credibility affects investor and stakeholder confidence, not just for listed companies.
โœ…๐—›๐—ผ๐˜„ ๐˜„๐—ฒ ๐—ฐ๐—ฎ๐—ป ๐—ต๐—ฒ๐—น๐—ฝ: We stay current on SEC accreditation standards so you always know your engagement is backed by properly qualified professionals.

This is still a proposal, not a final rule. We'll keep you posted. Questions? Message us!๐Ÿ’ฌ

๐—ง๐—ต๐—ฒ ๐—ฆ๐—˜๐—– ๐—ท๐˜‚๐˜€๐˜ ๐˜€๐—ถ๐—ด๐—ป๐—ฎ๐—น๐—ฒ๐—ฑ ๐—ฎ ๐—ณ๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฝ๐—ฎ๐˜๐—ต ๐˜๐—ผ ๐—ผ๐—ฝ๐—ฒ๐—ป๐—ถ๐—ป๐—ด ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€.Under a proposed "One Business Start Dat...
26/08/2026

๐—ง๐—ต๐—ฒ ๐—ฆ๐—˜๐—– ๐—ท๐˜‚๐˜€๐˜ ๐˜€๐—ถ๐—ด๐—ป๐—ฎ๐—น๐—ฒ๐—ฑ ๐—ฎ ๐—ณ๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ฝ๐—ฎ๐˜๐—ต ๐˜๐—ผ ๐—ผ๐—ฝ๐—ฒ๐—ป๐—ถ๐—ป๐—ด ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ฃ๐—ต๐—ถ๐—น๐—ถ๐—ฝ๐—ฝ๐—ถ๐—ป๐—ฒ๐˜€.

Under a proposed "One Business Start Date," companies could start commercial operations as soon as they secure SEC registration, even while other permits are still being processed. It's part of a broader "next-wave" reform push that also includes a review of margin trading rules to improve market liquidity, work with the World Bank to simplify debt vs. equity offering requirements, and a long-term Capital Market Master Plan with the ADB aimed at making the Philippines a leading Southeast Asian market by 2030.

None of this is final yet, but it's worth watching if you're planning to register a new entity soon. Questions on what this could mean for your timeline? Send us a message!๐Ÿ’ฌ

๐Ÿ” ๐—ก๐—ฒ๐˜„ ๐—•๐—œ๐—ฅ ๐—”๐˜‚๐—ฑ๐—ถ๐˜ ๐—™๐—ฟ๐—ฎ๐—บ๐—ฒ๐˜„๐—ผ๐—ฟ๐—ธ: ๐—ช๐—ต๐—ฎ๐˜ ๐—ง๐—ฎ๐˜… ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ฒ๐˜€๐˜€๐—ถ๐—ผ๐—ป๐—ฎ๐—น๐˜€ ๐—ก๐—ฒ๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ž๐—ป๐—ผ๐˜„The BIR just released RMO No. 022-2026, consolidating and ...
25/08/2026

๐Ÿ” ๐—ก๐—ฒ๐˜„ ๐—•๐—œ๐—ฅ ๐—”๐˜‚๐—ฑ๐—ถ๐˜ ๐—™๐—ฟ๐—ฎ๐—บ๐—ฒ๐˜„๐—ผ๐—ฟ๐—ธ: ๐—ช๐—ต๐—ฎ๐˜ ๐—ง๐—ฎ๐˜… ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ฒ๐˜€๐˜€๐—ถ๐—ผ๐—ป๐—ฎ๐—น๐˜€ ๐—ก๐—ฒ๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ž๐—ป๐—ผ๐˜„

The BIR just released RMO No. 022-2026, consolidating and revising its audit policies, guidelines, and procedures for the first time under a unified framework.

๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฐ๐—ต๐—ฎ๐—ป๐—ด๐—ถ๐—ป๐—ด:

โœ…Risk-based audit selection (data analytics, taxpayer profile assessment)
โœ…Standardized audit procedures across all BIR offices
โœ…Enhanced control mechanisms and audit transparency
โœ…Clear taxpayer rights under mandatory audit verification

๐—ช๐—ต๐˜† ๐—ถ๐˜ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€:
If you're a tax professional or business owner, the BIR's new audit program affects how you're selected for audit, what procedures apply, and your compliance obligations. Understanding the framework = better audit readiness.

Get ahead of changes. Let's review your audit compliance strategy. Read the full update

Most finance teams think they're audit-ready because their financial statements are done.Then the auditor asks for the r...
25/08/2026

Most finance teams think they're audit-ready because their financial statements are done.

Then the auditor asks for the reconciliation behind a single receivable balance. And the adjustments start piling up; missing schedules, unsupported balances, weeks of scrambling.

The problem isn't your numbers. It's what stands behind them.

Audit-ready means every account has supporting documentation. Every balance is reconciled monthly, not just at year-end. Every major approval is on paper. That's not luck; that's discipline.

Want to know the warning signs you're only looking audit-ready?

Read the full guide in the comment section below.

โš ๏ธ ๐—”๐˜‚๐—ฑ๐—ถ๐˜ ๐—™๐—ถ๐—ฟ๐—บ ๐—”๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜†: ๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐—œ๐˜€๐—น๐—ฎ ๐—Ÿ๐—ถ๐—ฝ๐—ฎ๐—ป๐—ฎ ๐—–๐—ฎ๐˜€๐—ฒ ๐— ๐—ฒ๐—ฎ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ถ๐—ฎ๐—ป๐—ฐ๐—ฒThe Philippines' largest accounting fir...
25/08/2026

โš ๏ธ ๐—”๐˜‚๐—ฑ๐—ถ๐˜ ๐—™๐—ถ๐—ฟ๐—บ ๐—”๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜†: ๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐—œ๐˜€๐—น๐—ฎ ๐—Ÿ๐—ถ๐—ฝ๐—ฎ๐—ป๐—ฎ ๐—–๐—ฎ๐˜€๐—ฒ ๐— ๐—ฒ๐—ฎ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ถ๐—ฎ๐—ป๐—ฐ๐—ฒ

The Philippines' largest accounting firm, Isla Lipana (PwC's Philippine member), faced serious fallout this week after auditors were implicated in the MFT Group investment fraud scandal.

๐—ช๐—ต๐—ฎ๐˜ ๐—ต๐—ฎ๐—ฝ๐—ฝ๐—ฒ๐—ป๐—ฒ๐—ฑ:

โœ…Two Isla Lipana partners were dismissed and forfeited benefits
โœ…Criminal charges filed against auditors for alleged collusion in fraudulent financial statements
โœ…The firm was accused of validating fake dividend income to lure investors

๐—ช๐—ต๐˜† ๐—ถ๐˜ ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€:
Your auditor's role is to protect your financial credibility, not rubber-stamp it. This case shows what happens when that standard is breached.

Strong audit practices stronger compliance foundation for your business. Let's talk about your audit & compliance strategy. ๐Ÿ’ฌ

Estimating your sales and expenses to hit a filing deadline feels like a reasonable shortcut. It isn't. BIR doesn't need...
20/08/2026

Estimating your sales and expenses to hit a filing deadline feels like a reasonable shortcut. It isn't. BIR doesn't need to audit every business to spot the problem. Their RELIEF system handles the matching automatically.

Your supplier declares a โ‚ฑ2M sale to you. Your books show โ‚ฑ1.2M in estimated purchases. That โ‚ฑ800K gap sits in BIR's system until an assessment officer picks it up. Round figures, repeating numbers, and mismatches against third-party data all trigger review; long before anyone manually opens your file.

What starts as a compliance gap compounds quickly. Deficiency tax, surcharge, interest, and compromise penalties stack on top. The businesses treating estimation as harmless are usually the same ones paying six-figure bills later.

The fix isn't complicated. It just requires discipline:

โ†’ Reconcile recorded sales against actual 2307s and invoices โ†’ Match every expense to real supplier documentation โ†’ Resolve missing documents within that same period โ†’ File on time with what you can support, amend once records are complete

BIR's cross-matching will find estimated entries eventually. The only question is whether you do it first.

Check the comments for the full article link.

๐—˜๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ง๐—ข๐——๐—”๐—ฌ (๐—”๐˜‚๐—ด ๐Ÿฎ๐Ÿฌ): ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜ ๐—ข๐—ณ๐—ณ๐—ถ๐—ฐ๐—ฒ๐˜€ & ๐—ฆ๐—ฐ๐—ต๐—ผ๐—ผ๐—น๐˜€ ๐—ถ๐—ป ๐Ÿญ๐Ÿณ ๐—ฃ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ป๐—ฐ๐—ฒ๐˜€ + ๐—ก๐—–๐—ฅ ๐—ผ๐—ป ๐—”๐—น๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—”๐—ฟ๐—ฟ๐—ฎ๐—ป๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€The Office of th...
20/08/2026

๐—˜๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ง๐—ข๐——๐—”๐—ฌ (๐—”๐˜‚๐—ด ๐Ÿฎ๐Ÿฌ): ๐—š๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ป๐—บ๐—ฒ๐—ป๐˜ ๐—ข๐—ณ๐—ณ๐—ถ๐—ฐ๐—ฒ๐˜€ & ๐—ฆ๐—ฐ๐—ต๐—ผ๐—ผ๐—น๐˜€ ๐—ถ๐—ป ๐Ÿญ๐Ÿณ ๐—ฃ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ป๐—ฐ๐—ฒ๐˜€ + ๐—ก๐—–๐—ฅ ๐—ผ๐—ป ๐—”๐—น๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—”๐—ฟ๐—ฟ๐—ฎ๐—ป๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜๐˜€

The Office of the President issued ๐— ๐—ฒ๐—บ๐—ผ๐—ฟ๐—ฎ๐—ป๐—ฑ๐˜‚๐—บ ๐—–๐—ถ๐—ฟ๐—ฐ๐˜‚๐—น๐—ฎ๐—ฟ ๐—ก๐—ผ. ๐Ÿญ๐Ÿฏ๐Ÿญ today in response to heavy rainfall and flooding risks. Here's what affects your business:

โœ…Government offices in NCR and 17 provinces โ†’ Alternative work arrangements (AW)
โœ…Schools (all levels, public & private) โ†’ Alternative learning modes
โœ…COS/JO workers must receive corresponding wages or salaries no pay cuts
โœ…Private sector: Discretionary; management decides

If you have employees on COS or JO contracts, or operations in the affected regions, ๐—ฟ๐—ฒ๐˜ƒ๐—ถ๐—ฒ๐˜„ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฝ๐—ฎ๐˜†๐—ฟ๐—ผ๐—น๐—น ๐—ฝ๐—ฟ๐—ผ๐˜๐—ผ๐—ฐ๐—ผ๐—น๐˜€ ๐—ป๐—ผ๐˜„. Wage non-compliance risks penalties.

Need guidance? message us.๐Ÿ’ฌ

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