Over the years, the standards for what qualify as ordinary and necessary business expenses have been shaped by both the Tax Code and numerous court decisions. To clarify these rules, the BIR issued ...

The system, set to be introduced in October, is designed to replace manual passport stamping for non-EU travellers, including UK passport holders, entering the Schengen Area. New research commissioned ...

Have you ever spent countless hours wrestling with Excel formulas, trying to convert “one thousand two hundred” into “1,200” or vice versa? For years, this task has frustrated professionals across ...

The double-entry system protects your small business against costly accounting errors. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

The government’s targets have fallen short of what some experts say is needed to achieve net zero by 2050. But others say reaching them would still be ‘an enormous transformation’ and account for ...

The Bureau of Internal Revenue (BIR) through Revenue Memorandum Circular (RMC) 81-2025 dated Sept. 3, 2025, reiterating the criteria and guidelines on the deductibility of ordinary and necessary ...

BELMOPAN, Belize (CMC) – The Belize government has ‘forthrightly’ rejected a statement issued by Guatemala in which it sought to present ‘alterntive facts’ following an incident at the Sarstoon River ...