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Who Qualifies as a Beneficial Owner Under SEC Rules?
Many corporations mistakenly assume that only registered shareholders must be disclosed in SEC filings. However, under current SEC regulations, a Beneficial Owner refers to the natural person who ultimately owns or exercises control over a corporation — whether directly or indirectly. Understanding this distinction is essential for proper compliance, particularly when submitting the General Information Sheet (GIS) and other reportorial requirements. The 25% Ownership Thresho
Yasser Aureada
Feb 262 min read


Common Mistakes in GIS Filing That Lead to SEC Penalties
Filing your General Information Sheet (GIS) with the SEC may seem routine — but small mistakes can result in penalties, compliance issues, and unnecessary stress for your company. Here are the most common errors businesses make: 1. Late Filing The GIS must be submitted within 30 calendar days from the date of the annual stockholders’ meeting (ASM) (or as required under SEC guidelines). Missing this deadline can lead to monetary penalties and may affect your company’s good st
Yasser Aureada
Feb 251 min read


SEC Sets 2026 Filing Schedule for AFS and GIS Submissions
The Securities and Exchange Commission (SEC) has officially released the filing schedule for corporations’ Annual Financial Statements (AFS) and General Information Sheets (GIS) for 2026. On February 11, 2026, the SEC issued Memorandum Circular No. 9, Series of 2026 , outlining the specific timelines and procedures for submission during the 2026 filing season. All covered corporations are required to submit their AFS and GIS through the SEC’s Electronic Filing and Submissio
Yasser Aureada
Feb 161 min read


Where Did All Your Cash Really Go?
You look at your sales and think, “Business is doing well.” But when you check your bank account, cash always seems tight. If this feels familiar, you are not alone. This is a common issue among small and growing businesses. In most cases, the problem is not sales — it is unmanaged expenses that quietly drain cash over time. Sales vs. Profit: A Common Misunderstanding Many business owners assume that strong sales automatically lead to strong profits. In reality, sales only sh
Yasser Aureada
Jan 232 min read


A Simple Guide to Understanding and Preparing a Balance Sheet
If you own a business, one of the most important things you should know is where you stand financially. Hindi lang kung kumikita ka, but kung healthy ba talaga ang negosyo mo overall. That’s exactly what a balance sheet helps you see. Many business owners hear the term “balance sheet” and immediately think it’s complicated or pang-accountant lang. In reality, it’s a very basic and practical report once you understand how it works. What a Balance Sheet Really Shows A balance s
Yasser Aureada
Jan 92 min read


BIR Temporarily Suspends All Field Audits: What Taxpayers Need to Know (November 24, 2025)
The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) have announced a major policy move: all field audits and related operations are suspended immediately , following growing concerns from taxpayers about the issuance and handling of Letters of Authority (LOAs) and Mission Orders (MOs). Finance Secretary Frederick D. Go and BIR Commissioner Charlito Martin R. Mendoza delivered the statement together, emphasizing a renewed commitment to fairness, transpar
Yasser Aureada
Nov 24, 20253 min read


Tax Update: BIR Extends Compliance Period for Electronic Invoicing
The Bureau of Internal Revenue (BIR) has released Revenue Regulations (RR) No. 26-2025 , amending the transitory provisions of RR No. 11-2025 . This new issuance extends the compliance deadline for covered taxpayers to issue electronic invoices until December 31, 2026 RR No. 26-2025. Key Highlights of RR No. 26-2025 Extended Compliance Deadline Covered taxpayers now have until December 31, 2026 to fully comply with electronic invoicing requirements. Who are covered? Taxpayers
Yasser Aureada
Oct 19, 20252 min read


BIR Tax Updates – What You Need to Know About RR No. 24-2025 and RMC No. 91-2025
Understanding the New Regulations The Bureau of Internal Revenue (BIR) has recently issued two important updates that will directly affect businesses and accounting practitioners: Revenue Regulation (RR) No. 24-2025 – Amends Section 2.57.2(I) of RR No. 2-98 (as amended), focusing on Creditable Withholding Tax (CWT) for Top Withholding Agents . Effectivity: October 10, 2025 (15 days after publication). Key Change: Clarifies and adjusts how top withholding agents must comput
Yasser Aureada
Oct 16, 20252 min read


Re-Echo Session on Remedies of Taxpayers Against Tax Audit
June 20, 2025 YRA Business Solutions Corp. successfully conducted an internal Re-Echo Session last June 20, 2025 , focusing on the topic:...
Yasser Aureada
Jun 24, 20251 min read


The Role of Business Consulting in Scaling Your Startup
Starting a business in the Philippines is an exciting journey, but scaling a startup into a sustainable and profitable company requires...
Michael Angelo Gooden
Feb 23, 20252 min read


Streamlining Business Operations with YRA Business Solutions Corp.'s Process Mapping and Improvement
In today's fast-paced business environment, organizations must have streamlined processes and efficient operations that support overall...
YRA Business Solutions Corp.
Dec 3, 20234 min read


Leveraging Payroll Management Services for Business Efficiency and Growth
In the dynamic world of business, efficiency, accuracy, and growth are essential elements for success. One area where these elements...
YRA Business Solutions Corp.
Nov 26, 20234 min read


Boost Your Business's Efficiency with BPO Consultation Services
In today's global business landscape, companies often prioritize cost-effective solutions that allow them to maintain a competitive edge...
YRA Business Solutions Corp.
Nov 19, 20234 min read


Navigate Company Registration and Expansion with YRA Business Solutions Corp's Expertise
Registering and expanding a business in today's global landscape can be a daunting task. Whether you operate within the Philippines or...
YRA Business Solutions Corp.
Nov 13, 20234 min read


Boost Business Success with YRA Business Solutions Corp.'s Expert Advisory and Assurance Services
In today's dynamic and competitive business landscape, organizations need to constantly review and refine their strategies to ensure...
YRA Business Solutions Corp.
Nov 6, 20234 min read


Empower Business Growth with YRA Business Solutions Corp.
In the fast-paced, competitive world of business, companies must constantly find ways to tighten their operations and focus on core...
YRA Business Solutions Corp.
Oct 30, 20234 min read


Boost Your Business's Digital Presence with IT Solutions and Web Development Services
In an ever-evolving digital age, businesses need to adapt and stay ahead of the curve to maintain a competitive edge. A critical aspect...
YRA Business Solutions Corp.
Oct 23, 20234 min read


YRA Business Solutions Corp.'s Advisory & Assurance Services — The Path to Business Success
In today's competitive business environment, companies must not only adapt to ever-changing market dynamics but also proactively prepare...
YRA Business Solutions Corp.
Oct 15, 20234 min read


Boost Business Efficiency and Profitability with YRA Business Solutions Corp.'s Advisory Services
In the fast-paced and competitive business landscape, maintaining a competitive edge and achieving sustainable growth is more important...
YRA Business Solutions Corp.
Oct 8, 20234 min read


Expand Your Business Horizons with IT Solutions and Web Development Services
In an increasingly digital world, establishing a robust online presence is more important than ever for businesses seeking to connect...
YRA Business Solutions Corp.
Oct 1, 20234 min read
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