Services

Our assurance service provides clients with the necessary information and confidence to make effective, efficient and transparent decisions that impact the future of their activity. Here at Mazars, our main goal is to give our clients a clear insight into their corporate strategy, business processes and financial reports.

The services that we deliver cover the following areas: 

Accounting and Advisory

Combining accounting and tax expertise with commercial experience, the Mazars approach can satisfy a wide range of your outsourcing requirements.

Primary Bookkeeping outsourcing services 

Local day-to-day bookkeeping and timely review of document sources for your company’s activity and for transaction processing:

• Full or partially outsourced Bookkeeping
• Restoration of accounting books
• Invoice authorisation workflows, Preparation and Filing of applications for BIR (Bureau of Internal Revenue) approval (Authority To Print Registration)
• Workflows and processing of receipts, review and filling of employees’ expense claims
• Checking of cash documents
• Other bookkeeping services upon client request

Accounting services 

Initial set-up and timely review of accounts customised for company activity and for group reporting requirements and good practice management:

• Review of documentation based on local rules and legislations and good practice management
• Inputting of accounting entries into accounting systems
• Consulting, design, managerial accounting and cost centers
• Preparation of monthly reporting in a specific predefined format
• Preparation of Annual Statutory Statements for local requirements and Group reporting purposes
• Assistance during external and Internal Audits
• Other accounting services upon client request

Payroll Outsourcing

Payroll Services

Initial set-up of payroll database and accurate review of payroll workflow customised for company’s HR activity and for group reporting requirements:

• Monthly payroll processing including reconciliation, salaries and related obligation calculation
• Payroll calculation and preparation of payment orders
• Calculation, deduction and reporting of social charges, preparation of Withholding Tax on Compensation and submission of the SSS/PHIC/HDNF Contributions and Loan Repayments
• Monthly Payroll Report and Payroll journal for accounting purposes
• Preparation of pay slips
• Payment services to individual bank accounts and Tax Payment services
• Preparation and Filing of Employee’s Annual Personal Income Tax Returns
• Other payroll services upon client request

Tax Compliance

Tax Service Compliance

Local Tax Service Compliance approach, adapted for the international background of our clients and for the Philippines

• Annual Tax Registration
• Support on BIR (Bureau of Internal Revenue) Audit and Tax inspection (Vat & Tax Refunds, and open cases)
• Monthly Tax Service Compliance: preparation, filing and Payment for Value Added Tax, Withholding Tax on compensation and Withholding Tax expanded together with MAP
• Quarterly Income Tax Filing and Payment (ITR together with SAWT)
• Quarterly preparation, filing and payment of Fringe Benefit Tax (FBT)
• Preparation and electronic submission and payment of the monthly payroll related tax returns
• Annual tax data Filing (ITR, BIR Form 1604E, 1604CF) and additional support as required for Annual auditing
• Other tax advisory services upon client request

Company Set-up & Secretarial Services

Compliance & Consultancy

Initial Company Set-up in the Philippines and Corporate Secretarial Services, customised for business activity and legal requirements:

• SEC, BIR (Bureau of Internal Revenue) , Local Government Units Registration Foreign & TIN Application
• SSS, PHIC, HDMF, Registration
• BSP, PEZA Registration
• Local & International Bank account opening   
• Other Company Set up and Corporate Secretarial Package        

Audit, Tax & Business Advisory

In partnership with local firms, we can offer a thorough understanding of your business and industry, including your internal controls and Tax review, providing our opinions and suggestions for improvement:

Audit of Financial Statements

• Reviews of Financial Statements
• Assistance with the performance of agreed-upon procedures engagement
• Internal Audit
• Issuance of Tax invoice for AR billing to both local and foreign clients
• Other Financial Advisory & Assurance Services upon client request

Tax Advisory Services

• Guidance on Tax matters in the country
• Advices on monthly, quarterly and annual obligations with the BIR
• Tax Audit of accounting and tax systems
• Other Tax Advisory & Services upon client request

Other Services:

• European, US and Japanese Desks
• Off-shore Talent Services Factory
• Administrative support
• Other services upon client request