To further equip businessmen and their key officers of appropriate knowledge in complying with the ever-growing reportorial requirements of the government – the training company headed by Bikol Reporter columnist, CPA-Lawyer Atty. Antonio Acyatan is conducting a Seminar and Briefing on Reportorial Compliance, Accounting and Tax Updates.
The timely discussions will cover such topics as new SEC Regulations, Accounting for Small and Medium Enterprises, as well as the latest rules and regulations of the Bureau of Internal Revenue. The seminar will be co-sponsored by the Camarines Sur chapter of the Philippine Institute of CPAs (PICPA).
The one-day affair will be held on Thursday, Jan. 27, 2011 at the Regent Hotel in Naga City.
Recently, the Bureau of Internal Revenue (BIR), Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) have imposed increased penalties on non-filing or delayed filing of audited financial statements and related requirements. The regulations also mandate stricter reportorial guidelines for company accountants and external auditors. The penalties are based on accumulated Retained Earnings and Stockholders’ Equity balances.
The common perception is that both the businessmen and their accountants need constant upgrading of knowhow and compliance capabilities. They are thankful that the popular resource person and his experienced training team are finding ways and time to share their knowledge with Bikolnons – especially on recent tax rulings and government regulations.
Acyatan, an honor alumnus of the University of Nueva Caceres, CPA Board placer and 1969 Philippine Bar 11th placer, is the first PICPA national president to come from a provincial chapter.
He said it is his mission to help provincial businessmen and to update his fellow provincial CPAs to be more competitive as against their Metro-Manila “companeros”. He emphasized that the Bikol CPAs should be proud of their profession as their services are now well-sought of – thus, they should price their services properly.
On the topic of taxation, the versatile speaker said it is now time for business and the CPA profession to join hands in the fight against corruption. He lauded the recent moves of the BIR in hiring young CPAs to become examiners.
The new BIR Commissioner has openly declared that “wang-wang and areglo” shall no longer be allowed in tax deficiency settlements. Acyatan said businessmen and external auditors should stand against unfair tax assessments if the submitted financial statements are fairly presented in accord with financial reporting principles.
The Business Compliance and Tax Updates seminar shall also be conducted in the cities of Cagayan de Oro, Legaspi, Lucena, Dagupan, Batangas, Iloilo and in Metro-Manila. In his provincial lectures, Atty. Acyatan laces his trip with conducts of free symposiums for college students especially those taking up Business Management and Accountancy.