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.
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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.
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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.
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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.
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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
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Industries
Audit and Tax Services for Real Estate Businesses
We advise real-estate businesses on revenue recognition, project accounting, audits, and tax — backed by partner-level expertise in real estate management.
What the work involves
A developer sells units before they are built, collects over several years and spends on the project throughout. Under PFRS 15, revenue from such sales is generally recognised over time as construction progresses, once the contract meets the conditions of the standard. The reported result therefore depends on the stage of completion and on the estimated cost of each project.
The audit tests the percentage of completion, the accumulation of land and development costs, and the collectability of the installment contracts receivable. Projects sold to the public are also subject to registration and a licence to sell from the DHSUD.
What needs attention
- Revenue recognition. The point at which a contract qualifies, the measure of progress, and cancellations and forfeitures.
- Project cost. Land, development and borrowing costs, and their allocation to units sold and unsold.
- Receivables. Installment contracts receivable, buyers’ defaults and contract assets.
- Taxes on sales. Whether the property is an ordinary or a capital asset, VAT, creditable withholding tax, documentary stamp tax, and the installment method of reporting.
- Leasing. Rental income, advance rentals and security deposits for lessors.
Related services
- Tax compliance and planning for sales, transfers and leases of real property.
- Real estate services, including the taxes and documents of a transfer.
- Project feasibility studies and projections for financing.
- Project accounting and bookkeeping.
Frequently asked questions
When does a developer recognise revenue on a pre-selling project?
When the contract with the buyer meets the conditions of PFRS 15, including the probability of collecting the price, revenue is recognised over time in proportion to the progress of construction.
Why does it matter whether a property is an ordinary or a capital asset?
The classification determines the taxes on the sale. A sale of an ordinary asset is subject to income tax, creditable withholding tax and, where applicable, VAT. A sale of a capital asset is subject to capital gains tax.