

L E Solmiano
Accounting Services
Services
Allow us to be part of your business venture that will help you to make good decisions for your business.
Services We Offer
Accounting and Bookkeeping
Our firm provides a complete record-keeping of your day to day business transactions. With about a period of working experience in providing accounting and bookkeeping services, we aim to provide accurate and timely financial reports of your business without spending a lot of resources to build your own accounting office.
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Our comprehensive accounting services include:
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Recording of monthly transactions in the book of accounts;
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Preparation of monthly trial balance, balance sheet, income statement, cash flows, and account schedules/reconciliations;
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Preparation of monthly bank reconciliation;
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Communicating with your external auditors and answering audit queries;
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Updating trial balances with year-end audit adjustments;
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Preparation of draft financial statements for you and your external auditor’s review;
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Submission of audited financial statements to the BIR, SEC and PEZA.
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Why you should have your Accounting with us?
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We provide professional quality accounting services with adept participation for years of experience in the industry;
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We are a graduate of Accountancy and several trainings and seminars alike;
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We are internationally recognized as Certified Bookkeeper because of NC III – Bookkeeping Certificate from TESDA.
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We are updated with the latest accounting standards and tax regulations and conformities, hence focused and dedicated to delivering agreed outputs.
Your benefits as to what will you get?
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You will have more time to focus on your daily business operations.
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100% awareness of your business financial performance in making important decisions for the organization;
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Peace of mind in terms of complete and properly recordings according to the latest accounting standards and government rulings;
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Time and cost savings. Availing of our reasonable and high-quality service means you will get the same or more than an output without hiring full-time accountants and employees as well as their training to record the same, therefore you will no longer spend on:
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Salaries which includes government dues on SSS, PHIC, and HDMF employer contribution.
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Employee training on accounting and tax updates and disputes;
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Employee-employer relationships (continuity, employee relations and obligations and so on).
Business Registration
Registering a business in the Philippines can require a considerable amount of time and effort. Simplify your life and let us assist you in securing business permits and licenses to the proper government agencies. We are committed to delivering consulting and liaison service at the highest standards, and we will help you get your business registered and ready for operations at the soonest time.
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Our business registration services include:
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1. Department of Trade and Industry (DTI)
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Business name registration
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2. Securities and Exchange Commission (SEC)
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SEC Certificate of Registration
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Articles of Incorporation
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Stock and Transfer Book
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3. Local Government Units (LGU) – Barangay
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Barangay Clearance
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Barangay Plate
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4. Local Government Units (LGU) – City Hall
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Mayor’s Permit
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Sanitary Permit
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Fire and Safety Permit
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Business Plate
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CGL Insurance
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Other permits
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5. Bureau of Internal Revenue (BIR)
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Certificate of Registration
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Authority to Print
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Ask for Receipt Plate
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Stamped Manual Books of Accounts
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Official Receipts or Invoices (BIR Accredited Printer)
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6. Social Security System (SSS)
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7. Philippine Health Insurance Corporation (Philhealth)
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8. Home Development Mutual Fund (Pag-Ibig)
Audit and Assurance
Audit
We provide quality and timely assurance services to certain businesses and individuals who are mandated by law to file yearly financial statements duly examined and audited by an Independent Certified Public Accountant.
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Review Engagement
We provide review services, compliance check of financial statements, statutory reports and internal controls in place vis-a-vis the relevant standards, policies and regulatory requirements to which the Company is required to comply with.
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Compilation Services
Compilation services include gathering, preparation and presentation of financial statements and financial data without assurance to conformity with the applicable accounting standards. Compilation is a less assurance type of service and is usually done jointly with our accounting teams.
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On-Site Verification of Finacial Records
The Securities & Exchange Commission (SEC) issued the Memorandum Circular No. 6 Series of 2008 which requires On-Site Verification of Financial Records by an independent accredited Certified Public Accountant relative to the Application for Increase in Capital Stock to the Commission.
The On-Site Verification Procedures must be conducted by an independent and accredited CPA who will accordingly issue the verification report required by the SEC.
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Fraud Audit
This audit is conducted when the management has suspicions that there is fraud within the Company. A thorough examination of records will be done and a report on findings will be submitted after.
Tax Compliance
Tax filing and payments during BIR deadlines are a challenge to business owners which consume a considerable amount of time and energy which is why we offer our assistance to relieve them from worry relating to tax compliance.
We provide tax compliance services in the Metro Manila area to Sole Proprietors or Self-Employed Individuals, Micro Enterprises, Small Medium Enterprises, Online Entrepreneurs, Partnerships, Domestic Corporation, and Foreign Corporation, such as Representative Office and Branch Office. It does not mean however, that we are limited to this location. We can provide the service anywhere in the Philippines.
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Our tax service includes:
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Monthly computation and preparation of the following tax returns:
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0619E – Monthly Remittance Form of Creditable Income Taxes Withheld (Expanded)
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1601C – Monthly Remittance Return of Income Taxes Withheld on Compensation
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2550M – Monthly Value-Added (VAT) Declaration
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2. Quarterly computation and preparation of the following tax returns:
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1701Q – Quarterly Income Tax Return for Self-employed Individuals, Estates, and Trusts (Including Those with Both Business and Compensation Income)
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1702Q – Quarterly Income Tax Return for Corporations, Partnerships and Other Non-Individual Taxpayers
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2550Q – Quarterly Value-Added Tax (VAT) Return
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VAT SLSP – Summary List of Sales and Purchases
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1601EQ – Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded)
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QAP 1601E – Quarterly Alphalist of Payees
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3. Annual computation and preparation of the following BIR tax returns:
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BIR Form 1702 – Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer
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BIR Form 1701 – Annual Income Tax Return for Self-Employed Individual
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BIR Form 1700 – Annual Income Tax Return for Individual Earning Purely Compensation Income (For employees)
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BIR Form 1604CF – Annual Information Return of Income Tax Withheld on Compensation and Final Withholding Taxes
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BIR Form 1604E – Annual Information Return of Creditable Income Tax Withheld (Expanded)
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4. Preparation of Certificate of Withholding Tax Returns:
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BIR Form 2307 – Certificate of Creditable Tax Withheld at Source
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BIR Form 2316 – Certificate of Compensation Payment/Tax Withheld for Compensation Payment With or Without Tax Withheld
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5. Collect the tax due, submit and pay to accredited banks, and file them for your convenience
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6. On an annual basis, we prepare and file a complete set of Financial Statement, submit SEC requirements including GIS.
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7. We will regularly provide you BIR and SEC updates, and answer your queries.