Help Got tax mapped by Bir with a huge penalty because my books, and OR is on my book keeper that day updating it.

[renxzen20]

Got tax mapped by Bir with a huge penalty because my books, and OR is on my book keeper that day updating it. Can i change business name to avoid Penalties? I have been complying and paying every thing from monthly, quarterly, annual tax. My store income is too meager to pay the penalty they have given me, and i am paying for my medicine for my ADHD and it is too expensive could barely afford it, and it is hard to function without it. Also paying for my mothers utang from lending since the pandemic. Most people here i asked who also have small businesses says to change my business name.

 

[🤖]

I'm sorry to hear about the difficulties you're facing with your taxes and the financial burden they have placed on you. Let's address your question about changing your business name to avoid penalties.

Changing your business name would not automatically eliminate any penalties or liabilities you may have incurred with the Bureau of Internal Revenue (BIR). The BIR focuses on tracking tax liabilities based on the Tax Identification Number (TIN) associated with your business, rather than the business name itself. Therefore, changing your business name alone would not absolve you of any penalties or obligations.

Instead, I would recommend taking the following steps to address your current situation:

1. Communicate with the BIR: Reach out to the BIR and explain your situation. Provide them with any necessary documents, such as proof of your books being with your bookkeeper on the day of the audit. They may be willing to consider your circumstances and potentially reduce or waive the penalties.

2. Seek professional advice: Consult a tax professional or accountant who can help you navigate your specific situation. They can provide guidance on the best course of action and assist you in addressing your tax concerns effectively.

3. Explore payment options: Talk to the BIR about payment arrangements or installment plans for the penalties. They may be willing to work with you to establish a manageable payment schedule given your current financial constraints.

4. Consider applying for tax amnesty programs: In some cases, tax authorities offer tax amnesty programs to help taxpayers settle their obligations with reduced penalties. Check if there are any ongoing or upcoming programs that you may be eligible for.

Changing your business name should not be your primary focus at this stage. It is essential to address the root of the issue, which involves engaging with the BIR and seeking professional assistance. By doing so, you can work towards resolving your tax concerns in a more effective and sustainable manner.

 

[Carlowski]

yan po yung best solution kung hindi po kayang bayaran yung penalty, change name talaga, then full compliance nalang.

 

[renxzen20]

yan po yung best solution kung hindi po kayang bayaran yung penalty, change name talaga, then full compliance nalang.

Ang taas po kasi mag penalty ni BIR, di naman po kaya bayaran ng micro business lalo na kung pang pa araw na araw lang kinikita ko + bayad pa kuryente, rent, tax at requirements. Paano po kung papalit ako business name pero sa same location pa rin ako hindi ba ako sisitahin ni BIR? Same business pa rin, papalitan ko lang business name, at name ng owner, etc?

 

[renxzen20]

yan po yung best solution kung hindi po kayang bayaran yung penalty, change name talaga, then full compliance nalang.

Kapag nag change name ba ako lods pero same business iba lang owner name at business name hindi na nila papakialaman yun?

 

[Amrichnow]

Lodi miski mag changed ka pa ng name hahabulin ka pa din nila kasi madali mag bukas ng business pero mahirap magsara ng business...I audit ka ng BIR 3years backward retroactively if mag sasara ka ng business...kung mag changed name ka same thing matrace ka pa din nila LODI...bakit may LOA ka na ba natanggap after the tax mapping mo...meaning kasi ng tax mapping may mga undeclared sales ka kasi namomonitor ni BIR mga sales mo sa pang araw araw...

 

[renxzen20]

Lodi miski mag changed ka pa ng name hahabulin ka pa din nila kasi madali mag bukas ng business pero mahirap magsara ng business...I audit ka ng BIR 3years backward retroactively if mag sasara ka ng business...kung mag changed name ka same thing matrace ka pa din nila LODI...bakit may LOA ka na ba natanggap after the tax mapping mo...meaning kasi ng tax mapping may mga undeclared sales ka kasi namomonitor ni BIR mga sales mo sa pang araw araw...

I mean yun pangalan ko hindi ko na gagamitin. Parang pangalan ng kapatid or kaibigan na ang gagamitin sa shop namin. Kahit mag comply kapa hahanapan ka pa rin ng butas ng BIR. Mga 60% ng shop dito sa bayan namin sarado kapag may bir na nagiikot karamihan dito may business permit kaso nagsasarado pa rin. Kunwari ako P500 na nga lang benta ko gross pa yun hindi net sales, babayad pa ako rent, month at quarterly tax, etc na mga bills tapos pag may isang maliit na mali ka lang 10k agad penalty mo minsan 20k pa.

 

[Amrichnow]

I mean yun pangalan ko hindi ko na gagamitin. Parang pangalan ng kapatid or kaibigan na ang gagamitin sa shop namin. Kahit mag comply kapa hahanapan ka pa rin ng butas ng BIR. Mga 60% ng shop dito sa bayan namin sarado kapag may bir na nagiikot karamihan dito may business permit kaso nagsasarado pa rin. Kunwari ako P500 na nga lang benta ko gross pa yun hindi net sales, babayad pa ako rent, month at quarterly tax, etc na mga bills tapos pag may isang maliit na mali ka lang 10k agad penalty mo minsan 20k pa.

Lodi alam ko kasi na tax mapping lang kapag may nag sumbong sa BIR,pero kapag wala di kanaman nila pag aksayan ng panahon kasi sa dami ng company sa Pinas di nila lahat mamonitor.Kaya nag tatako bakit na tax mapping kayo,saka kapag LOA saka lang mag audit si BIR,saka bakit ka naman agad nag babayad ng penalty dapat tax accountant mo nag aayus nun di si BIR...kung may mali man pwede naman iadjust yun sa next quarter para mag offsetting.Nagtataka talaga ko bakit masyado hands on si BIR sa inyo dapat yun tax accountant niyo nag aayus niyan di si BIR kasi kapag si BIR syempre lahat yan pabor sa kanila. Kuha po kayo external tax accountant po kung di niyo kaya kumuha ng inhouse para di kaya mapenalized ng sangkatutak...

 

[renxzen20]

Lodi alam ko kasi na tax mapping lang kapag may nag sumbong sa BIR,pero kapag wala di kanaman nila pag aksayan ng panahon kasi sa dami ng company sa Pinas di nila lahat mamonitor.Kaya nag tatako bakit na tax mapping kayo,saka kapag LOA saka lang mag audit si BIR,saka bakit ka naman agad nag babayad ng penalty dapat tax accountant mo nag aayus nun di si BIR...kung may mali man pwede naman iadjust yun sa next quarter para mag offsetting.Nagtataka talaga ko bakit masyado hands on si BIR sa inyo dapat yun tax accountant niyo nag aayus niyan di si BIR kasi kapag si BIR syempre lahat yan pabor sa kanila. Kuha po kayo external tax accountant po kung di niyo kaya kumuha ng inhouse para di kaya mapenalized ng sangkatutak...

Sa ibang lugar ba lods hindi nag-iikot si BIR? Sa amin pang third week last week every thursday to friday. Dami nga nahuli dito na dahil sa OR nila C "cash" lang nilalagay sa name ng bumibili penalty agad 20k. Hahanapan ka talaga nila ng butas para mapenaltihan ka, hahalungkatin pati mga lumang resibo.

 

[Amrichnow]

Sa ibang lugar ba lods hindi nag-iikot si BIR? Sa amin pang third week last week every thursday to friday. Dami nga nahuli dito na dahil sa OR nila C "cash" lang nilalagay sa name ng bumibili penalty agad 20k. Hahanapan ka talaga nila ng butas para mapenaltihan ka, hahalungkatin pati mga lumang resibo.

Hindi LODi di nila ginagawa yan kapag walang nagsumbong. Kapag minsan na nilang nagawa yan SUKI ka kanila meaning babalikan ka nila palagi.Lipat ka nalan ibang RDO kun kaya mo o kung possible.Kasi grupo grupo sila lagi silang nag reshuffle ng areas...nagtataka ko bakit di pa nalilipat yan grupo nayan sa ibang RDO.Bihira kasi nag hihiwalay yan magkakateam nayan ngayun kapag may naiwan silang SUKI sa area syempre di na nila sinasabi sa bagong Team o Grupo kasi iba makikinabang ng kita nila...gaya ng sabi ko kung walang nagsusumbong sa BIR di ka nila pupuntahan niyan sa dami ng companya sa Pinas di nila kaya puntahan lahat.