Retirement Liability Under PAS 19
What are the reasons for the increase in the retirement liability?
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The Philippine Retirement Pay Law (RA 7641)
RA 7641 prescribes minimum retirement benefit that companies must pay eligible retiring employees.
Tax Advantages of a Retirement Plan
Since RA 7641 does not require companies to set up formal retirement plans, why, then, should the consider doing so?
Steps to Make your Retirement Plan a Tax-Qualified Plan
We outline the process of creating a retirement plan and securing a tax qualification with this plan.
Philippine Financial Reporting Standards (PFRS) for SMEs
The Securities and Exchange Commission (SEC) has adopted a specific set of financial reporting rules for SMEs.