What we do
Full-service assurance, tax, and advisory.
From statutory audit to strategic advisory, our engagements are built on rigor, ethics, and a genuine understanding of your business.
Audit & Assurance
- Financial statements audit
- Internal audit
- Review of historical financial statements
- Review of prospective financial statements
Tax Services
- Tax assessment
- Tax compliance health check
- Tax due diligence
- Tax opinions and rulings
- Tax planning and structuring
- Estate and donor’s tax compliance
Accounting Services
- Bookkeeping
- Compilation of financial statements
- Account reconciliations
- Internal accounting
Advisory & Business Consultancy
- Business policy making
- Financial due diligence
- Risk management
- Strategic management
Corporate Services
- Business registration
- Corporate structuring
- Corporate secretarial
- Payroll processing and compliance
Other Services
- Agreed-upon procedures
- Company profiling & loan application assistance
- Estate planning · Retirement planning and funding
- Contract review · Collection services
- Real estate services and other allied services
Who we serve
Industries we serve.
The reporting framework, the controls, and the regulator differ by sector. Our engagements cover twelve.
Beyond Tacloban City
Engagements run from wherever you are.
Clients elsewhere in Eastern Visayas, in Metro Manila and in other regions work with us without travelling to our office.
Documents turned over online
Records, schedules and supporting documents are exchanged through shared online folders, and reports are delivered the same way.
Meetings by video call
Planning, status and closing meetings are held by video call. Visits are scheduled where the work requires them, such as an inventory count.
Electronic filing
Returns and reports are filed through the online systems of the BIR, the SEC and the other agencies that accept them.
Our Partners
Led by credentialed professionals.
Four partners with national distinctions, international practice, and deep roots in the academe.
Placed 2nd in the May 2018 CPA licensure examination. Trained in assurance and taxation at one of the largest professional services firms in the world before returning to Region VIII, and has since audited MSMEs through to large corporations. Assists taxpayers through BIR audits and assessments. Teaches audit, assurance, and taxation, and authored a CPA reviewer book on auditing.
View full profile →
Audit and Professional Practice Director at one of the world’s Top 4 professional services firms, serving in its London, New York, and Philippine offices. Sat three consecutive terms on the Audit and Assurance Standards Council, served as National President of PICPA for FY 22-23, and sits on the council of the ASEAN Federation of Accountants. Led Saint Paul School of Professional Studies as President for more than a decade.
View full profile →
Placed 1st in the May 2018 CPA licensure examination and 10th in the December 2023 Bar. Practice centres on tax compliance and health checks, assistance with tax audits, corporate structuring, and tariff and customs compliance. Began his career as a risk and compliance officer, internal auditor, and data privacy officer. Lectures on taxation and commercial law and reviews for the CPA board examinations.
View full profile →
More than half a decade in the public practice of accountancy, auditing MSMEs and large corporations across retail and trade, educational institutions, non-profits, importation, and services. Began as an audit associate at a Manila firm. Works in full-cycle accounting and financial reporting with variance and ratio analysis. School accountant and part-time lecturer at SPSPS, and treasurer of PICPA–Tacloban Chapter.
View full profile →Insights
What falls due this month.
The next filing and payment deadlines we are tracking. Open the calendar for the full year.
Get in touch
Let’s talk about your business.
Tell us what you need — audit, tax, bookkeeping, or advisory — and our team will get back to you.
2nd Floor, Rubber Tree Building, Brgy. 77, 611 BLISS – Fatima Diversion Road, Tacloban City, Philippines 6500
Suite 302, F. Mendoza Complex, Sto. Niño St., Brgy. 28, Tacloban City 6500
0995 398 9482
info@aaccocpas.com
Message us on Messenger
Industries
Audit and Tax Services for Importers and Exporters
We assist importers and exporters with audits, tariff and customs compliance, and tax structuring for cross-border trade.
What the work involves
An importer or exporter deals with two revenue agencies at once: the Bureau of Customs under the Customs Modernization and Tariff Act (Republic Act No. 10863), and the BIR under the Tax Code. The cost of goods is built from the purchase price, freight, insurance, duties and brokerage, and it moves with the exchange rate.
The audit traces that landed cost into inventory and cost of sales, reconciles import entries with the purchases in the books, and tests foreign currency balances under PAS 21.
What needs attention
- Landed cost. Completeness of duties, taxes, freight and brokerage in the cost of inventory.
- Goods in transit. Ownership at year-end under the shipping terms, and cut-off of purchases and sales.
- VAT. Input VAT paid on importation, zero-rated export sales, and the support needed for a refund of unutilised input VAT.
- Customs records. Import entries and supporting documents kept for the period the customs law requires, in case of a post clearance audit.
- Foreign exchange. Unrealised and realised gains and losses on payables, receivables and bank balances.
Related services
- Tax compliance and structuring for cross-border trade.
- Assistance with VAT refund claims and BIR audits.
- Inventory and landed-cost bookkeeping.
- Business registration, including the registrations an importer or exporter needs.
Frequently asked questions
How long must import records be kept?
The customs law requires importers to keep records of their importations for three years, and the Tax Code requires books of accounts to be preserved for five years under Section 235. In practice the longer period governs.
Can an exporter recover the VAT it pays on purchases?
Input VAT attributable to zero-rated sales may be refunded or credited under the Tax Code, within the period and with the documents the law requires. The claim stands or falls on the documentation.