Salise-Gonzaga Law and Accounting Offices

05/06/2026

Official stand of the Integrated Bar of the Philippines on what constitutes quorum in the Senate.

02/06/2026

16/04/2026

Today — Guiding clients through small claims filing, so they can confidently represent themselves.

25/03/2026

In response to several inquiries regarding our accounting services, yes we do provide the following:

04/02/2026

Heads up on donations 💡
BIR RMC 010-2026 clarifies tax treatment, filing, and documentation for donations consisting purely of cash—no eCAR required.

27/01/2026

The Bureau of Internal Revenue (BIR) has officially lifted the suspension of tax audits and field operations earlier imposed under RMC No. 107-2025, and has issued new issuances to govern the resumption of audit activities.

🔹 Revenue Memorandum Order (RMO) No. 1-2026

RMO No. 1-2026 lays down the updated rules and procedures for the conduct of tax audits following the lifting of the suspension. Among the key reforms introduced are:

• One-Audit Rule per Taxable Year – As a general policy, a taxpayer will be covered by only one Electronic Letter of Authority (eLA) for a specific taxable year, encompassing all internal revenue tax types, including VAT.

• Anonymous Audit Selection and Assignment – To curb discretion and enhance integrity, taxpayer identities are kept confidential during the initial selection and assignment of Revenue Officers.

• Clear Audit Scope Identification – All audit instruments must bear standardized labels indicating the nature of the audit: “Full Examination” for eLAs, “Limited Authority” for Mission Orders, and “Limited Scope” for Tax Verification Notices.

• Uniform Audit Checklist – Revenue Officers are required to follow a standardized list of required documents to avoid repeated requests and promote consistency and transparency.

• Abolition of Special Audit Task Forces – Functions of special task forces, including the Run After Fake Transactions (RAFT) Task Force, are now fully integrated into regular BIR offices.

• System-Based Taxpayer Selection – The issuance of eLAs will now rely on system-generated risk parameters, subject to centralized approval by the Commissioner of Internal Revenue.

Overall, these measures are intended to strengthen due process, enhance transparency, and improve accountability in tax examinations.

🔹 Revenue Memorandum Circular (RMC) No. 8-2026

With immediate effect, the BIR will resume the issuance of Electronic Letters of Authority, Mission Orders, and Tax Verification Notices. Audit cases that were previously suspended may now proceed to continuation and completion.

All audit and field operations must strictly comply with the revised framework and safeguards introduced under RMO No. 1-2026. This issuance signals the completion of the Bureau’s internal review of audit processes and the rollout of strengthened control mechanisms.

Source: Bureau of Internal Revenue (BIR) Website

20/01/2026

The Securities and Exchange Commission has issued Memorandum Circular (MC) No. 4, Series of 2026, revising the audit requirements for corporations in an effort to reduce compliance costs for smaller entities.
Highlights of the New Rules

⭐️ Revised Audit Coverage: Only stock and non-stock corporations whose total assets or total liabilities exceed ₱3,000,000 are now required to submit audited financial statements.

⭐️Audit Relief for Small Corporations: Corporations with assets or liabilities of ₱3,000,000 or less are exempt from the audit requirement.

⭐️Alternative Compliance: Instead of audited financial statements, exempt corporations must file unaudited financial statements together with a Statement of Management’s Responsibility (SMR), duly signed and sworn to.

⭐️Required Signatories:
For regular corporations, the SMR must be executed by the Chairman of the Board, President or CEO, and Treasurer or CFO.
For One Person Corporations (OPCs), the SMR must be signed by the President and the Treasurer.

⭐️ Management Accountability: The officers who sign the SMR are deemed to have full responsibility for the accuracy and completeness of the financial statements.

⭐️ Effectivity: The ₱3,000,000 threshold applies to financial statements for fiscal years ending on or after December 31, 2025.

⭐️Entities Not Covered by the Exemption: The audit exemption does not apply to Public Interest Entities (PIEs), corporations classified under Groups A, B, or C, or those otherwise determined to be vested with public interest, all of which remain required to submit audited financial statements regardless of size.

Source: SEC Website

16/01/2026

ICYDK

04/01/2026

Happy birthday, Joy!
May the year ahead bring you more blessings!