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	<title>Always Audit-Ready: Bookkeeping and Tax Compliance Practices That Keep Penalties at Bay Archives - THEPHILBIZNEWS</title>
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	<title>Always Audit-Ready: Bookkeeping and Tax Compliance Practices That Keep Penalties at Bay Archives - THEPHILBIZNEWS</title>
	<link>https://thephilbiznews.com/tag/always-audit-ready-bookkeeping-and-tax-compliance-practices-that-keep-penalties-at-bay/</link>
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		<title>Businesses urged to stay ‘audit-ready’</title>
		<link>https://thephilbiznews.com/2026/03/05/businesses-urged-to-stay-audit-ready/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=businesses-urged-to-stay-audit-ready</link>
		
		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Thu, 05 Mar 2026 03:05:00 +0000</pubDate>
				<category><![CDATA[Branded Content]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[Always Audit-Ready: Bookkeeping and Tax Compliance Practices That Keep Penalties at Bay]]></category>
		<category><![CDATA[Atty. Bobby Fondevilla]]></category>
		<category><![CDATA[Atty. Jose Calsas Jr.]]></category>
		<category><![CDATA[BIR findings and penalties]]></category>
		<category><![CDATA[Board of Investments (BOI)]]></category>
		<category><![CDATA[Bureau of Internal Revenue (BIR)]]></category>
		<category><![CDATA[D&V Philippines]]></category>
		<category><![CDATA[Dutch Chamber of Commerce in the Philippines (DCCP)]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Key Accounts Management System (KAMS)]]></category>
		<category><![CDATA[Linangin ang Obligasyon at Kakayahan tungo sa Aktibong Lokal na Pamumuhunan (BOI-LOKAL)]]></category>
		<category><![CDATA[Manila Bookkeepers]]></category>
		<category><![CDATA[Michael Jaurigue]]></category>
		<category><![CDATA[outsourcing]]></category>
		<category><![CDATA[Strategic Investor Aftercare Program (SIAP)]]></category>
		<category><![CDATA[Tax]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=70291</guid>

					<description><![CDATA[As the April tax filing deadline approaches, tax experts organized the seminar “Always Audit-Ready: Bookkeeping and Tax Compliance Practices That Keep Penalties at Bay,” held on February 24 at the D&#38;V Philippines office in One Ayala, Makati City. The event was organized by Manila Bookkeepers, in partnership with the Dutch Chamber of Commerce in the [&#8230;]]]></description>
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<p>As the April tax filing deadline approaches, tax experts organized the seminar “Always Audit-Ready: Bookkeeping and Tax Compliance Practices That Keep Penalties at Bay,” held on February 24 at the D&amp;V Philippines office in One Ayala, Makati City.</p>



<p>The event was organized by Manila Bookkeepers, in partnership with the Dutch Chamber of Commerce in the Philippines (DCCP) and the Board of Investments (BOI).</p>



<p>“This session is designed to help businesses move beyond compliance as a requirement, and instead use it as a tool for confidence, clarity, and sustainable growth, which opens many doors for bigger business opportunities in the Philippines,” organizers said.</p>



<p>Speakers included Atty. Bobby Fondevilla, Executive Director and Head of the BOI Investment Assistance Center; Michael Jaurigue, CPA, Director of Manila Bookkeepers; and Atty. Jose Calsas Jr., CPA, Vice President and Chief Financial Officer of D&amp;V Philippines.</p>



<p>During the seminar, the Manila Bookkeepers experts emphasized the importance of reconciliation, proper documentation, and timely tax filing to avoid audit findings.</p>



<p>Mr. Jaurigue discussed the technical aspects of common audit risks and recommended best practices in reconciliation and record-keeping to strengthen tax compliance.</p>



<figure class="wp-block-image size-full"><img fetchpriority="high" decoding="async" width="299" height="197" src="https://thephilbiznews.com/wordpress/wp-content/uploads/2026/03/manila-bookkeepers.png" alt="" class="wp-image-70292" srcset="https://thephilbiznews.com/wordpress/wp-content/uploads/2026/03/manila-bookkeepers.png 299w, https://thephilbiznews.com/wordpress/wp-content/uploads/2026/03/manila-bookkeepers-150x99.png 150w" sizes="(max-width: 299px) 100vw, 299px" /><figcaption class="wp-element-caption">PHOTO FROM MANILA BOOKKEEPERS</figcaption></figure>



<p>Atty. Calsas shared practical guidance for companies navigating tax compliance and highlighted how strong bookkeeping systems can help prevent costly disputes with tax authorities.</p>



<p>Meanwhile, Atty. Fondevilla highlighted the BOI’s role in supporting investors and businesses of all sizes through investment facilitation programs and regulatory reforms.</p>



<p>Under its “Regulatory Reforms and Investment Facilitation Incentives,” the BOI aims to “boost investments in industries and in the countryside, aiming for both job generation and balanced economic development.”</p>



<p>Fondevilla also introduced programs such as the Strategic Investor Aftercare Program (SIAP), Key Accounts Management System (KAMS), and BOI-LOKAL, which are designed to help businesses navigate regulatory requirements and grow their operations.</p>



<p>Experts said adopting an “always audit-ready” mindset, supported by strong bookkeeping and proactive compliance, can help companies avoid penalties while protecting their reputation and supporting long-term growth.</p>
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