GOOD NEWS,
SEC
AND BIR REPORTS AND FINANCIAL STATEMENTS CAN NOW BE ONE AND THE SAME.
SEC ISSUED LAST DEC 16, 2011 SRC 68 THAT ALLOWS SMALL, MEDIUM AND MICRO
CORPORATIONS TO USE TAX BASIS FINANCIAL STATEMENTS. THIS IS ALSO IN LINE
WITH SECTION 257, NIRC AND RR 8-2007 THAT IMPOSED THE USED OF TAX BASIS
FINANCIAL STATEMENTS.
GOOD NEWS ALSO,
ETM IS ALLOWING ANYBODY TO USE HIS KATAX SOFTWARE
WHICH IS BASED ON TAX CODE FREE OF CHARGE UNTIL APRIL 30, 2012. THIS
MEANS THAT YOU WOULD NO LONGER NEED THE SERVICES OF FIXERS TO FIX YOUR
FINANCIAL STATEMENTS AND YOU WOULD BE COMPLIANT WITH THE BIR RULES AND
REGULATIONS. AT THE END, NO MORE SUBPOENA DUCES TECUM AND LETTER NOTICE
AND MOST IMPORTANTLY, NO MORE LETTER OF AUTHORITY. ISN'T IT REFRESHING
AND INVIGORATING?
GOODS NEWS FINALLY,
THE LINKS FOR THE KATAX SOFTWARE ARE ON THE DOWNLOAD PAGE.
WHAT YOU SHOULD DO?
IF YOU LOVE YOUR LIFE, LIBERTY AND LIVELIHOOD, YOU WOULD USE IT.
IF YOU CARE FOR YOUR COUNTRYMEN AND FRIENDS, YOU WOULD FORWARD THIS TO THEM.
IF
YOU BELIEVE THAT TAXPAYERS SELF ESTEEM AND DIGNITY SHOULD BE PROMOTED
AND PROTECTED, THEN JOIN THE TAXPAYERS' DAY AND TAXPAYERS MONTH WHICH
SHALL BE DONE IN APRIL 2012.
