Payroll Taxes Series
Entrepreneurs Accounting Academy
Accounting, Warehouse, Accounting Services
PAYROLL TAXES SERIES - RECONCILING PAYROLL EXPENSES WITH TAXES (November26-29)
Avoid the assessments that may arise out of your payroll expenses. Know how to reconcile the taxes that you have paid with payroll that you will declare as expenses. You may just find out the reason why they almost always do not always add up. Join our Payroll Taxes Series and be empowered!
OUR PAYROLL TAXES SERIES COMES IN 4 PARTS
1st Part – Knowing what taxes to pay on payments to your employees Price:(2,500)
• This part includes the following topics:
o How compensation income is defined by the Tax Code
o What is classified as taxable and non taxable compensation?
o What are the pre requisites for non taxable compensation income to be exempt? (Yes, you got it right,
it`s not automatic!)
o When is substitution filing applicable? When is it not applicable?
o What are the documentary requirements for personnel to qualify as employees?
o What are the remedies when the taxes are deficient
2nd Part – Annualizing the Payroll Price (3,500)
• This part is when the monthly payroll is now computed on an annual basis for 13th month pay
computation and for the filing of the 1604CF. This part includes the following topics:
o Intricacies to look out for when annualizing the payroll
o Remedies that can be done when tax payable cannot be shouldered by the remaining payouts
o Computing the 13th month pay
o Manual computation of the form 2307
o Computation of the last pay
o Application of the personal and additional personal exemptions and other non taxable employee benefits in the annualized payroll
o Reconciling the annualized payroll with taxes that have been remitted
3rd part – Final taxes Price (2,500)
• This part will deal with all income payments subject to Final Taxes inclusive of Fringe Benefits. This will include topics on:
o How is the Fringe Benefit defined in the tax code
o How to compute for Fringe Benefit Taxes
o When do you pay Fringe Benefit Taxes and what is the remittance form
o What are Final Taxes?
o What are the income payments subject to Final Taxes?
o When do you pay Final Taxes and what is the remittance form?
o What are the remedies when taxes paid are deficient?
4th Part – Completing the Annualization Price (3,500)
• This part will deal with the preparation of the returns to be filed for substituted filing. This will include topics on:
o Navigating the BIR alphalist system
o Encoding the pertinent data for the alphalist
o Spotting errors on the alphalist system by comparing it with the annualized payroll
o Generating the schedules for reporting to BIR from the alphalist system
o Generating the employee’s form 2307 from the alphalist system
o Checklist of all documentation for submission on January 31
Hurry and reserve your slots now. Who says you can’t prevent tax assessments from catching you unaware? With the Payroll Taxes Series you can!
Here’s the deal. You can take up the 4 parts in these series for just Php. 10,000 when you reserve your slot now. Otherwise, the price for each series is displayed beneath the title. Whatever you decide on, you can be sure that it is a win-win situation. EAA delivers its trainings using the competency based training platform. Let’s altogether make things possible. Be empowered with EAA’s Payroll Taxes Series! We go beyond business!
For more information you can contact us on the nos. provided below.
Landline: (+63 2) 576 44 23 | (+63 2) 310 38 57
Mobile: 09178541375 | 09189907278| 09328884117
You can also email us at [email protected]
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