OO & Associates

No experience? No worries! Let OO & Associates be your training ground.

We are hiring Auditors, Audit Associates, and Accountants.

Open to all CPAs and Non-CPAs (Accountancy, Accounting Technology, Accounting Management, and Financial Management graduates).

On-site work from Mon-Sat, 8am-5pm in our office located in Salcedo Village, Makati City.

Interested? Send your resume with the Subject Line: FB Applicant - Your Degree/License (ex. FB Applicant - Financial Management) to:

[email protected]

Interview via phone call or video conference.

Thank you.

It's better to be safe than sorry. www.cnn.ph

There are several ways to reduce your risk of COVID-19.

Stay healthy and let's all prevent the spread of !

Again, keep safe and stay healthy. Always Pray, Wear Your Mask, and wash your hands.

BREAKING: The country’s COVID-19 cases exceed 50,000, with 2,539 new confirmed infections.

Total case count rises to 50,359, with 12,588 recoveries and 1,314 deaths.

Follow our live blog for more updates: bit.ly/3eapnsQ

BREAKING: The Philippines records 1,540 new COVID-19 cases — 993 were detected in the last three days, while 547 were part of the DOH’s validation backlog.

Total confirmed cases rise to 47,873, with 12,386 recoveries, and 1,309 deaths.

Follow our live blog for more updates: bit.ly/2AEzZTm

Your checklist 📝 for keeping high-touch surfaces at home as germ-free as possible:

• Desks
• Doorknobs
• Handles
• Keyboards
• Light switches
• Phones
• Remote controls
• Sinks
• Toilets

Keep Safe and Stay Healthy!

BREAKING: DOH reports 2,099 new COVID-19 cases, as the total number of infected reaches 46,333. Of the new infections, 1,258 were detected in the last three days, while 841 were part of the validation backlog. Recoveries also rise to 12,185, while the death toll is now at 1,303.

Follow our live blog for more updates: bit.ly/31IQgSm

Maaaring ibalik ang Metro Manila sa mas mahigpit na uri ng quarantine kung umabot sa puntong hindi na kayanin ng mga ospital ang dami ng mga COVID-19 patients, ayon kay Presidential spokesperson Harry Roque. Ano ang masasabi n'yo rito?

BASAHIN: https://bit.ly/31Kr8ux

BREAKING: DOH reports 2,099 new COVID-19 cases (1,258 Fresh, 841 Late), 6 new deaths, and 243 new recoveries.

This brings the totals to 46,333 confirmed cases, 1,303 deaths, and 12,185 recoveries as of today, July 6. | via Shai Lagarde/ Stand For Truth

Read more about it: https://bit.ly/3gweyTH

Stocks drop on concerns over rising virus cases | BusinessWorld Advertisement Editors' PicksOne NewsStock Market Stocks drop on concerns over rising virus cases June 29, 2020 | 9:00 pm Font Size A A A By Denise A. Valdez, Reporter PHILIPPINE SHARES opened the trading week lower as investors grew more cautious over the increasing number of coronavirus disease 201...

BIR Tax Deadline

30 Tuesday
• REGISTRATION of Computerized Books of Accounts & Other Accounting Records in Electronic Format – FY ending May 31, 2020
• SUBMISSION of Required Attachments to e-Filed 1700, 1701 & 1701A – CY ending December 31, 2019
• SUBMISSION of Required Hard Copies of Financial Statement (FS) & Scanned Copies of BIR Form 2307 to e-Filed 1702 RT, MX & EX – CY ending 2019
• SUBMISSION of Inventory List – FY ending May 31, 2020
• SUBMISSION of Manufacturers’/Assemblers’/Importers’ Sworn Statement of each Particular Brand/Model of Automobile, Alcohol,Tobacco Products & Sweetened Beverage Products – 1st Semester of 2020
• e-SUBMISSION of Quarterly Summary List of Sales/Purchases/Importations by a VAT Taxpayer - eFPS Filers – FQ ending May 31, 2020

The Bureau of Internal Revenue (BIR) has given value-added taxpayers (VAT) more time to submit input refund claims due to the unprecedented disruption caused by COVID-19.

READ: https://news.mb.com.ph/2020/06/28/bir-extends-vat-refund-deadlines/

BIR Tax Deadline

29 Monday
• e-FILING/FILING & e-PAYMENT/PAYMENT of 1702Q & Summary Alphalist of Withholding Taxes (SAWT) - eFPS & Non-eFPS Filers – 1st Quarter ending March 31, 2020
• e-FILING/FILING & e-PAYMENT/PAYMENT of 1702Q & Summary Alphalist of Withholding Taxes (SAWT) - eFPS & Non-eFPS Filers – FQ ending April 30, 2020
• REGISTRATION of Computerized Books of Accounts and Other Accounting Records in Electronic Format – FY ending April 30, 2020
• SUBMISSION of 2019 Inventory List – FY ending April 30, 2020
• e-SUBMISSION of Quarterly Summary Lists of Sales/Purchases/Importations by a VAT Taxpayers - eFPS Filers – FY ending April 30, 2020

ATTENTION SSS MEMBERS:

Bilang bahagi ng digitization efforts ng Social Security System, unti-unti na naming tinatanggal ang pangangailangan na mag-apply para sa mga benepisyo o utang sa pamamagitan ng papel na form at pagpunta sa branches para sa over-the-counter filing nito.

Kung kaya't ang aplikasyon para sa Unemployment Benefit (UB) Claim, sa Salary Loan, at Calamity Loan Assistance Program (CLAP) ay maaari nang gawin ONLINE sa pamamagitan ng inyong My.SSS account sa SSS Website (www.sss.gov.ph).

Ito ay para rin sa pampublikong kalusugan at kaligtasan laban sa COVID-19.

Maraming salamat po sa inyong pang-unawa.

Public Warning Against eMail Spoofing!
For full text, http://ow.ly/35as30qSwyW

Para sa safe at convenient na tax filing, maari tayong mag-file ng tax returns online gamit ang mga eTSPs, o Electronic Tax Software Providers.

Maaring gumamit ng mga BIR-accredited eTSPs para i-file ang inyong tax returns online, tulad ng:

JuanTax - https://www.juan.tax/
Taxumo - https://www.taxumo.com/

Tandaan lang na meron pong additional convenience fees ang paggamit ng mga eTSPs na ito.

Maaring gamitin ang mga eTSPs sa pag-file ng sumusunod na forms: 2550Q, 2551M, 1706, 2550M, 1701A, 1702EX, at 1702RT

BIR Tax Deadline

23 Tuesday
• e-FILING of 2550M - eFPS Filers under Group B – Month of April 2020
• e-FILING of 2550M - eFPS Filers under Group C – Month of May 2020

OO & A: The Firm's Organization

OO & Associates (Formerly Ong, Ordoñez & Associates) was formed amongst three (3) certified public accountants sometime in July 1996. All of the partners have extensive work experiences in private and public practice prior to forming the partnership. Due to the increasing number of clients, and to satisfactorily serve them, a number of qualified CPAs were admitted to the partnership from 2005 up to present.

Employing the competence of around 100 personnel, a majority of which are CPAs, the firm offers a wide range of services including but not limited to audit and assurance, business support, management advisory services, tax planning and consultations, processing of documentary requirements with various government agencies and others.

The firm has satisfactorily complied with all the registration requirements, the rules and regulations of the Board of Accountancy of the Philippines (BOA CRN 1023). It also has gained an accreditation with the Securities and Exchange Commission as an auditing firm (SEC AN 0064-F). Likewise, its partners have valid certificates of accreditation as tax practitioner with the Bureau of Internal Revenue.

The firm is also accredited by the Insurance Commission to do statutory audit for licensed Insurance and Reinsurance Brokers (Accreditation No. 041-F). The Monetary Board of Bangko Sentral ng Pilipinas (BSP), in its Resolution No. 1054 dated September 20, 2007, approved the inclusion of the firm in the BSP List of Selected External Auditors which may be engaged by rural banks, local cooperative banks and non-stock savings and loans associations for regular or special engagement.

OO & Associates currently hold office at 4th floor Act Tower Bldg. 135 H.V. Dela Costa St., Salcedo Village. Makati, City.

BIR Tax Deadline

22 Monday
• e-FILING of 2550M - eFPS Filers under Group C – Month of April 2020
• e-FILING of 2550M - eFPS Filers under Group D – Month of May 2020

BIR Tax Deadline

20 Saturday
• e-FILING of 2550M - eFPS Filers under Group E – Month of April 2020
• FILING & PAYMENT of 2550M - Non-eFPS Filers – Month of May 2020
• e-FILING/FILING & e-PAYMENT/PAYMENT of 1600 WP - eFPS Filers – Month of May 2020

"Deadlines which fall on Weekends, Holidays and Non-Working days shall automatically be moved to the next working day."

You can now file applications for business name registration, enroll in SME short courses available online, monitor concerns in investments, cooperative name reservations, claim settlements, and intellectual property conveniently through these digital channels!

Visit bit.ly/DTI_OLServices for more information.

BPI System Maintenance

We will undergo a scheduled systems maintenance activity from June 19 (Friday), 11:00 PM to June 20 (Saturday), 11:59 PM.

During this time, the following services will be temporarily unavailable:
- Online banking
- Mobile app
- BizLink and ELink platforms
- ATMs and CAMs
- Debit Card services
- Branch banking (June 20 to 21)

Our credit card and prepaid card services will remain available.

Please plan your weekend transactions accordingly.

BDO System Update

We are updating our systems to serve you better. The BDO Mobile App will still be available during this update. BDO Online Banking and BDO Invest Online will be unavailable from June 20 Saturday 11PM to June 21 Sunday 7AM. Thank you for your patience.

TAX Deadline

BIR Tax Deadline

19 Friday
• FILING & PAYMENT of 2550M - Non-eFPS Filers – Month of April 2020
• e-FILING/FILING & e-PAYMENT/PAYMENT of 1600 WP - eFPS Filers – Month of April 2020
• e-FILING/FILING & e-PAYMENT/PAYMENT of 2551Q - Quarterly Percentage Tax for Overseas Communication Tax (OCT) - eFPS & Non-eFPS Filers
*Section 120 of the Tax Code – FQ ending April 30, 2020
• e-FILING/FILING & e-PAYMENT/PAYMENT of 2551Q - Quarterly Percentage Tax for Amusement Taxes - eFPS & Non-eFPS Filers *Section 125 of the Tax Code – FQ ending April 30, 2020

SSS COVID-19 Calamity Loan Assistance Program

SSS opens COVID-19 Calamity Loan Assistance Program;
applications to be accepted online

The Social Security System (SSS) on Monday opened its Calamity Loan Assistance Program (CLAP) for its members who are affected by the coronavirus disease 2019 (COVID-19) pandemic.

SSS President and CEO Aurora C. Ignacio said the SSS estimates around 1.74 million potential member-borrowers for the program.

Depending on the average of their monthly salary credit in the last 12 months, members may apply for a loan of up to P20,000.

"We recognize that the impact of COVID-19 is greater than other calamities we have faced in the past. With that in mind, we have extended the payment term of this particular CLAP to 27 months, inclusive of a three-month moratorium period, and have lessened the interest rate to six percent per annum," Ignacio said.

Normally, CLAPs have a payment term of 24 months and an interest rate of 10 percent per annum.

Loan amortizations for COVID-19 calamity loans will begin in the fourth month from their respective approval dates. No advance interest will be charged for the said loan. A service fee of one percent of the loan amount will be charged and deducted from the loan proceeds.

Loan payments not remitted on its due date will bear a one percent penalty per month.

To qualify for the loan, a member must: have at least 36 monthly contributions, six of which should be posted within the last 12 months before the application; have a work or home address within the Philippines as reflected in the SSS database; have not been granted any final benefit such as total permanent disability or retirement; and have no outstanding loans under the Loan Restructuring Program or previous CLAPs.

Members must also be registered at the My.SSS web portal on the SSS website at www.sss.gov.ph to apply for the loan.

"The threat of COVID-19 will likely remain in the coming months. To this end, we have developed an online facility in the My.SSS web portal in which we will receive all calamity loan applications to reduce face-to-face transactions in our branches," Ignacio explained.

Documents proving that a member is a resident of a declared calamity area, which is a usual requirement for the CLAP, will no longer be required for COVID-19 calamity loans since the entire country is placed under the state of calamity.

Member-borrowers may choose to receive their loan proceeds via their respective Unified Multi-Purpose Identification cards enrolled as an ATM, Union Bank of the Philippines Quick Card, or through checks sent to their preferred mailing address.

"Through the CLAP, we are hoping to help with the financial needs of our members who may have lost their sources of income or suffered financial burden due to the COVID-19 situation," Ignacio said.

Qualified members may apply for the said CLAP until September 14, 2020.

SEC new guidelines on the submission of the Mandatory Disclosure Form (MDF)

Link: https://bit.ly/3hRqD7A