Understanding the BIR Assessment (LOA, PAN, FAN-FLD)

For many business owners, nothing feels more worrisome than receiving a Letter of Authority from the Bureau of Internal Revenue (BIR). Indeed, technical terms like tax deficiency, assessments, and penalties arise, and the panic will ensue, even if businesses are compliant.  But, here’s a myth we will debunk: A BIR Audit does not mean you […]