Simple bookkeeping would take at least 3-5 hours a day if performed by a CPA. This time may be better spent managing the operations of the business.
Hiring an in-house CPA to perform accounting, tax compliance, and payroll tasks may cost more than the professional fee of a firm that can perform the same tasks. The firm would also have the contractual obligation to ensure continuity of services regardless of any changes in its manpower.
It may be more efficient, in terms of time and money, to outsource bookkeeping to a firm rendering professional services.
Starting a business is challenging and success may be easier achieved if the management focuses on the core business and outsource bookkeeping to a firm with Certified Public Accountants (CPA) who are knowledgeable of the latest accounting practices in the Philippines.
The IRS recommends the following guideline for keeping tax records:
We’ve created this guide for you to reference as needed – especially if you are moving homes, undergoing renovations or spring cleaning!
Professional trust planning is a critical component of estate planning. At Pals, we work closely with your attorney to provide you with a trust plan that makes sense for you and your family. Pals trust planning professionals and estate trust accountants can also help you evaluate the pros and cons of each type of trust, as well as provide trust tax preparation, tax compliance, and trustee consulting services.