Payroll and Withholding Tax for Compensation

Do you want to know how to avoid penalty and overpay your withholding taxes for compensation? This course is for you!

Instructor: Atty Ma. Judy Regalario, CPA Date Created: Aug 29, 2020

Price: ₱ 4900.00

This course includes:


one year reviewable
content


one time free consultation with the instructor

certificate of completion

Description

DON'T ATTEND our course if:

  1. you want to pay penalty to BIR for miscomputation of withholding taxes;
  2. you want to pay penalty for failure to file all the required BIR forms for compensation aside from BIR Form 1601-C
  3. you just want to spend your money paying taxes even there are exemptions and allowable deductions?
  4. you want to be charged criminally, civilly, and administratively by SSS, Philhealth, and Pag-ibig because you are not aware of their rules on mandatory contributions.
If you are not this person, then enroll our course on 'All About Payroll and Withholding Taxes for Compensation" and learn from our speaker - who is a former Examiner, then Collection Division Chief, and finally Head Revenue Executive Assistant of the Bureau of Internal Revenue (BIR) - on how to avoid penalty and overpay your withholding taxes for compensation.

Course starts on 28 August 2020. Payment includes unlimited one-year review of the course, one-year ability to ask questions on the topic, and one time-free tax consultation to the speaker.

What you'll learn

Avoid penalty to BIR for miscomputation of withholding taxes
Avoid penalty for failure to file all the required BIR forms for compensation aside from BIR Form 1601-C
Avoid spending your money paying taxes even there are exemptions and allowable deductions
Avoid penalty and overpay your withholding taxes for compensation

Course Content

Part 1
  • Introduction
  • Withholding Tax System
  • Legal Reference
  • Who are Withholding Agents
  • Violations of Withholding Agents
  • Penalties for Non-Compliance
  • Payroll Accounting
  • Rules on the Computation of Special and Regular Holidays
  • Daily Minimum Wage
  • Statutory Minimum Wage
  • Definition of Compensation Income
Part 2
  • Rest Day, Meal period and Conditions on Holiday Pay
  • Social Security System
  • Types of Benefits under the SSS
  • Employees Compensation (EC)
  • PhilHealth
  • Corporate Partners of Philhealth
  • Premium Contribution for Direct Contributors
  • Pag-IBIG
  • Components of Payroll System
  • Withholding Tax on Compensation
Part 3
  • Income Tax Rates on Non Resident Alien
  • Definition of Taxable Income
  • Exclusions from Income Tax (part 1)
  • Exclusions from Income Tax (part 2)
  • Exclusions from Income Tax (part 3)
  • Kinds of Compensation
  • Income Tax Rates
  • De Minimis Benefits
  • Fringe Benefits
  • BIR Forms required
Part 4
  • Substituted Filing part 1
  • Substituted Filing part 2
  • Individuals Not Required to File ITRs

Instructor

Atty Ma. Judy Regalario, CPA

Former BIR OIC- Head Revenue Executive Assistant, Former BIR Collection Division Chief, Former BIR Examiner

PROFILE A meticulous and result-oriented professional with strong financial and legal background.Specializes in Philippine Taxation and studied the Japanese Tax System. Team player with multi-tasking skills and adept at working independently with minimal supervision, even under time constraints. Self-motivated and adaptable to change. Articulate communicator in English and Filipino, both written and oral, and Visayan dialect. Technically proficient in Microsoft Word, Excel, and Mac OS. Good listener and can identify problem areas and suggest innovative solutions.   PROFESSIONAL EXPERIENCE IN THE PRIVATE SECTOR MJCR Tax Consultancy (2014 - to date) Accounting Instructor V (School Year 2011-2012, 1st and 2nd Semester) School of Business Management, Department of Accountancy Xavier University, Ateneo de Cagayan Cagayan de Oro City Legal Researcher (1995-1996) CRC Law Firm Greenhills, San Juan, Metro Manila IN THE GOVERNMENT SECTOR OIC-Head Revenue Executive Assistant {HREA} (September 2, 2009 to December 28, 2009)Collection ServiceBureau of Internal Revenue Division Chief (July 23, 2007 to September 2, 2009)Collection Programs DivisionBureau of Internal Revenue Assistant Division Chief (May 8, 2006 to July 23, 2007)Large Taxpayers Field Operations DivisionBureau of Internal Revenue Officer In Charge/Assistant Division Chief (June 13, 2005 to May 8, 2006) Large Taxpayers District Office - CebuBureau of Internal Revenue Assistant Division Chief (December 12, 2003 to June 13, 2005) Large Taxpayers Assistance Division II - Excise Bureau of Internal Revenue Technical Assistant (June 1, 2003 to December 12, 2003) Office of the Deputy Commissioner Large Taxpayers Service Bureau of Internal Revenue Technical Assistant (April 1, 1998 to June 1, 2003) Office of the Deputy Commissioner Bureau of Internal Revenue Revenue Officer I (Examiner) (June 19, 1996 to April 1, 1998)Revenue District Office No. 33 – Ermita-Intramuros-MalateBureau of Internal Revenue     EDUCATION Master of Economics (in the field of International Economics – Public Policy and Taxation), Yokohama National University, Yokohama, Japan, March 2002 under a 2-year Full Scholarship under the Joint Japan/World Bank Graduate Scholarship Program (JJ/WGSP), 2000-2002.  Bachelor of Laws, Xavier University, Ateneo de Cagayan, Cagayan de Oro, Philippines, March 1994. Bachelor of Science in Business Administration (BSBA) major in Accounting, University of the East, Manila, Philippines, May 1987. PROFESSIONAL QUALIFICATIONS Philippine Bar Examination, Manila, Philippines, September 1998, License Number 44165. Certified Public Accountants (CPA) Licensure Examination, Manila, Philippines, May, 1988, License Number 0078261. PROFESSIONAL MEMBERSHIP Integrated Bar of the Philippines (IBP), Lifetime Member No. 010037 Philippine Institute of Certified Public Accountants (PICPA), Member Federacion International de Abogadas (FIDA), Member Institute of Public Accountants (IPA), Australia, Former Member

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