Our Services
AUDIT & ASSURANCE
These covers a wide range of audit objective-based, audit services from the regular financial statement, and audit required by various government regulatory agencies to detailed audit of accounts. Our work programs and procedures shall be customized based on the objective of the engagement as agreed upon with the clients, as well as peculiarity of the nature of the client business. These services include, but are not limited to the following:
- Annual and short period external audit of financial statements
- Review engagements and advisory services
- Due diligence audit and agreed-upon procedures
- Government regulated entities reporting and compliance and extended audit services
- Tax compliance audit
- Assistance/ICPA report on the application for an increase/decrease in capital stocks with the SEC
BUSINESS PROCESS SOLUTIONS & OUTSOURCING
In 2017, we became a partner of XERO, a New Zealand-based software company that develops cloud-based accounting software for small and medium-sized businesses.
Accounting Services
AMC handles accounting services for several companies from a wide range of industries. You may opt to outsource all your accounting functions or pass on to us choice activities, such as:
- Processing invoices and collections, which involves recording your pro forma billings and collections to official accountable forms of sales invoices and official receipts
- Processing payments, which involve a three-way matching of the purchase order, delivery receipt, and sales invoice, and preparation of checks and check vouchers, and other forms of payment.
- Maintaining inventory records and assisting in the inventory count
- Compiling and reviewing source documents supporting your financial transactions
- Recording your financial transactions and preparing pertinent adjustments
- Preparing financial reports and supporting schedules
- Preparing statutory and other reports
- Preparing tax returns and related schedules for withholding, value-added, and income taxes
- Filing tax returns and payment of the corresponding taxes manually
or electronically
- Annual and short period external audit of financial statements
- Review engagements and advisory services
- Due diligence audit and agreed-upon procedures
- Government regulated entities reporting and compliance and extended audit services
- Tax compliance audit
- Assistance/ICPA report on the application for an increase/decrease in capital stocks with the SEC
Payroll Processing
- Prepare schedules of statutory and internal contributions and obligations
- File and pay statutory contributions and obligations, manually or electronically
- Annualize employees’ income tax
- Provide secure pay slips
- Handle administration of benefits that needs coordination with government agencies
Staff Augmentation Services
AMC offers staff augmentation services where our staff, under the direction and supervision of the company’s officers, perform accounting and accounting-related work.
- Migration from one accounting system to another accounting system
- Bank reconciliation for several bank accounts that have not been reconciled for years
- Data cleansing, such as reconciliation of balances in subsidiary ledgers of receivables and payables with the general ledger balances
- Physical counts of inventories and reconciling the results of the physical count with the accounting records
- Count of property and equipment; tagging and reconciliation of the
count with the accounting records; and properly setting up the property ledgers - Preparation of schedules and documentary supports and requirements during audits by internal and external parties, including government agencies
- Preparation of statements of accounts for certain customers
TAX ADVISORY & OUTSOURCING
Tax Advisory
AMC assists clients in handling audits by the Bureau of Internal Revenue (BIR). We help evaluate the validity of assessments, determine the appropriate documents and reconciliations to be submitted, assist prepare protests, and represent clients in meetings and discussions with government agencies. With our knowledge of tax laws and audit procedures, we help safeguard the substantive and procedural rights of taxpayers and prevent unwarranted assessments.
- Annual and short period external audit of financial statements
- Review engagements and advisory services
- Due diligence audit and agreed-upon procedures
- Government regulated entities reporting and compliance and extended audit services
- Tax compliance audit
- Assistance/ICPA report on the application for an increase/decrease in capital stocks with the SEC
Tax Outsourcing
AMC prepares clients’ tax returns covering monthly, quarterly and annual income taxes, value-added tax and other percentage taxes, fringe benefits tax, withholding taxes, and documentary stamp tax. Based on the information provided to us, we ensure that the computation of clients’ tax liabilities is made in accordance with existing tax laws and regulations. On their behalf, we file tax returns with the appropriate tax office and pay the corresponding taxes on or before the due date.
ICPA report on Application for tax refund/credit
We help and assist clients recover taxes that have been erroneously or excessively paid or withheld through ICPA commissioning and reporting on applications for refund or tax credit certificates (TCCs) required to be filed to the Court of Tax Appeals (CTA).
OTHER BUSINESS PROCESS SOLUTIONS SERVICES
Since our Firm works in partnership with our clients, our services offered to them may start with our clients’ business inception until the ceasing of its operations.
- Company name availability
- Preparation of registration documents with various government agencies
- Registration with various government agencies
- Annual registration of business permits
- Representation with local government agencies and closure of business operation