[ad_1] 1. Thirteenth (13th) Month Pay (Year-End Bonus) and Other Benefits not exceeding Ninety Thousand Pesos (P90,000.00) paid or accrued during the year. Any amount exceeding Ninety Thousand Pesos (P90,000.00) are taxable compensation. 2. Facilities and privileges of relatively small …

12 NON-TAXABLE COMPENSATION INCOME OF GOVERNMENT EMPLOYEES THAT EVERY ACCOUNTANT SHOULD KNOW TO AVOID COMMITTING ERRORS IN THE COMPUTATION OF THEIR INCOME TAX Read more »

[ad_1] #MemberIssueNo_107: What’s the proper account classification of BAC Honoraria? and What’s the Journal Entry for the cash advance for Mid Year Bonus and Intelligence Fund? i would like to ask kung ang Honorarium of BAC Members ay chargeable po …

#MemberIssueNo_107: What’s the proper account classification of BAC Honoraria? and What’s the Journal Entry for the cash advance for Mid Year Bonus and Intelligence Fund? Read more »