UNDERSTANDING the benefits provided by the Board of Investments (BOI) and the Barangay Micro Business Enterprise (BMBE) Law is crucial for micro, small and medium enterprises (MSMEs). Both programs enable access to significant tax incentives, regulatory relief and business development support that can help businesses compete more effectively in domestic and international markets. The BOI registration process is a gateway to various fiscal and non-fiscal incentives designed
DURING the Covid-19 pandemic, working conditions changed dramatically due to government-implemented lockdowns, quarantines and social distancing. On the bright side, the crisis accelerated the adoption of remote work arrangements across nearly all professional sectors. While the pandemic disrupted the traditional corporate setting and closed many businesses, particularly those reliant on physical labor, it also provided accountants continuous work opportunities despite the
IN just a few years, sustainability has moved from a corporate buzzword to a core theme in global financial reporting and governance. My first real exposure to these concepts was at an Acpapp seminar sometime ago. Even then, the message was clear: CPAs have a crucial role in shaping the country’s sustainability reporting landscape. The conversation has intensified — judging from the 25th Annual National Convention last month, and the Philippine Institute of Certified Public A
CALLS for transparency and accountability in the public and private sectors in the Philippines have grown louder in recent years. From reports of corruption and misuse of funds to questionable practices in both government and corporate offices, Filipinos are demanding fairness and integrity. Yet amid these calls, one silent but persistent threat continues to undermine public trust: conflict of interest. In auditing, conflict of interest occurs when an auditor’s personal, fi
A STUDY published by De La Salle University says that millennials now comprise a significant number of CPAs in accounting firms in the country. This means those in their late 40s and above are approaching, or have reached, retirement age. There is no publicly available data of CPAs in the Philippines who are of retirement age, but the profession is experiencing a notable generational shift — with many older CPAs nearing retirement, and a growing reliance on younger professi
