AK Triad CPAs

It is the start of a new quarter. A quick question for you.

Q3 begins today. Be honest, how confident are you in your financial picture right now?

Comment with a number:

1 means “I have no idea where I stand,” and
10 means “I know my numbers cold.”

There are no wrong answers, and wherever you land, there is a way forward. We read every comment — and if you would like help moving your number up, we are one message away.

Why we built our firm on three ideas.

Good accounting rests on three things: accuracy, communication, and trust. Miss any one and the whole thing wobbles.

That idea sits behind everything we do at AK Triad CPAs — get the numbers right, explain them in plain language, and earn your confidence over time. We are not here just to file a form once a year.

We are here to be the financial partner you can call when a real decision is on the table.

“Do I really need a CPA, or can I just use software?”

We get this question often, so let us answer it honestly. Software is great at recording transactions. But it will not tell you which deductions you are missing, whether your entity structure still fits your business, or how a big decision will affect next year’s tax bill. That is strategy — and strategy is where a CPA earns the fee back, often many times over. Software answers “what happened.” A CPA helps you decide “what is next.”

Profit on paper does not pay the bills. Cash flow does.

One of the most common mistakes we see business owners make is confusing profit with cash flow. You can be profitable and still struggle to make payroll if money is tied up in unpaid invoices or inventory. Three habits that help: invoice promptly, review your receivables weekly, and keep a cash reserve that covers at least one month of expenses. Cash-flow problems are usually visible months before they become emergencies, if you are looking at the right reports. Want help reading yours? We are here.

Behind every clean set of books is a team that actually cares.

Welcome — or welcome back — to our page. We are AK Triad CPAs, a full-service accounting firm helping
business owners and individuals make confident financial decisions. We believe accounting should never feel
intimidating or impersonal. Whether it is tax preparation, bookkeeping, payroll, or planning for what is next,
our goal is simple: give you numbers you can trust and a team you can reach. Follow along — over the next
90 days we will share practical tips you can actually use.

What “full-service” actually means at AK Triad CPAs.

Some people meet us at tax time and are surprised by everything else we do. Under one roof: tax preparation
and planning, bookkeeping, payroll, business advisory, entity setup, and year-round support for the financial
questions that come up in between. The advantage of one team handling it all is simple — nothing falls
through the cracks, and everyone advising you works from the same complete picture. One partner, your
whole financial life.

Half the year is almost gone.
Are your taxes still on track?

June is the perfect time for a mid-year tax check-up. Waiting until next April is exactly how unpleasant
surprises happen. A quick review now can reveal missed deductions, gaps in your estimated payments, and
changes that affect what you will owe.

At AK Triad CPAs, we help local businesses and families stay ahead of
their numbers all year long — not just in tax season. What is one money question you have been putting off?

Drop it in the comments.

𝗕𝗜𝗥 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 “𝗘𝗔𝗦𝗘 𝗢𝗙 𝗖𝗟𝗢𝗦𝗜𝗡𝗚 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦” 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦 𝗙𝗢𝗥 𝗧𝗔𝗫 𝗥𝗘𝗚𝗜𝗦𝗧𝗥𝗔𝗧𝗜𝗢𝗡 𝗖𝗔𝗡𝗖𝗘𝗟𝗟𝗔𝗧𝗜𝗢𝗡; 𝗧𝗔𝗫 𝗖𝗟𝗘𝗔𝗥𝗔𝗡𝗖𝗘 𝗥𝗘𝗟𝗘𝗔𝗦𝗘𝗗 𝗔𝗦 𝗙𝗔𝗦𝗧 𝗔𝗦 𝗧𝗛𝗥𝗘𝗘 𝗗𝗔𝗬𝗦

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026 on May 19, 2026, prescribing new guidelines to simplify the process for closing businesses and cancelling tax registration, as part of the implementation of Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act.”

“This is our ‘Ease of Closing Business’ reform,” Commissioner Charlito Martin R. Mendoza said. “In line with President Ferdinand R. Marcos Jr.’s directive to make government services faster, better, and more responsive, and Finance Secretary Frederick D. Go’s push to make tax administration more investor-friendly and business-friendly, the BIR is making it easier for taxpayers who have already ceased operations to properly close their business and cancel their registration.”

“From improving the ease of doing business and the ease of paying taxes, this reform completes the BIR’s support for businesses through every stage of the business life cycle. If we make it easier to start and operate a business, then the government must also make it easier to properly close BIR registration once operations have already ceased,” he added.

Under RMC No. 47-2026, taxpayers who have already ceased operations may now apply for the closure or cancellation of their registration, either manually or electronically, through the Revenue District Office where their head office or branch is registered.

The Circular simplifies and standardizes documentary requirements. Together with the application form and the surrender of original BIR registration documents and permits previously issued to the business, taxpayers will only be required to submit two other document sets for closure: the list of ending inventory of goods and supplies, including capital goods for VAT-registered taxpayers, and the unused invoices, supplementary documents, and other unutilized accounting forms, together with their inventory.

Under the new guidelines, penalties for non-filing of tax returns shall no longer accrue once the taxpayer submits the complete documentary requirements for the closure or cancellation of registration. To prevent the further accumulation of open cases, the taxpayer’s registered form types shall likewise be placed under “deregistered” status upon submission of the complete requirements. Filing an application for the closure or cancellation of registration, however, does not preclude the Bureau from conducting an audit to determine any outstanding tax liabilities.

In addition, micro taxpayers shall not be subject to mandatory audit for closure and/or cancellation of business registration. Hence, tax clearances will be issued within three (3) working days from submission of complete documentary requirements for those with no open cases or outstanding liabilities. For micro taxpayers with open cases, tax clearance will be issued within three (3) working days from the submission of the complete documentary requirements and the payment of outstanding liabilities, including penalties.

Commissioner Mendoza encouraged taxpayers who have already ceased operations to avail themselves of the streamlined process to avoid the continued accumulation of penalties and to properly update their registration records with the Bureau.

Read the full RMC here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2047-2026.pdf

Our first Christmas Party as AK Triad Accounting Firm 🎄
A small celebration for big dreams, hard work, and shared success. ✨

VAT Wisely!

JULY 25, 2025 is the deadline for Filing & Payment of the Second Quarter VAT Return.