PARLANCE

Business Formation, Registration and Incorporation

Business formation services start by gathering of business entity’s information that is a prerequisite in obtaining certificates of registration from Department of Trade and Industry (DTI), Securities and Exchange Commission (SEC) and Bureau of Internal Revenues (BIR) and business license/ permit from Local Government Units (LGUs). It also includes accounting books registration, printing of business’ registered receipts, as well as registering account number for Social Security Systems (SSS), Philippine Health (Philhealth) and Home Development Mutual Fund (HDMF).

Furthermore, PARLANCE value added services include the identification of the suitable business form to the clients, preparation of required documents such as Articles of Incorporation/ By-Laws, Articles of Co-Partnership, Articles of Corporation, and Stockholder’s Agreement.

Accounting Outsourcing Solutions

PARLANCE’s accounting services focus on providing bookkeeping services. Service offered consist of the development of chart of accounts, implementation of accounting system, preparation of tax returns and SEC forms, and compilation of financial records. Additionally, the company similarly provides value added services that involve preparation of operating budget, analysis of actual financial performance over budget/forecast and identifying cost savings improvement. These services are also proffered in a per module basis covering the following accounting activities:

• Chart of Accounts and Accounting Manual Preparation
• Accounting Report Templates Creation
• General Accounting and Bookkeeping
• Accounts Payable Processing and Vendor Management
• Accounting system set-up and data migration
• Billing, Treasury and Receivable Processing
• Fixed asset accounting
• Financial Statements Reporting
• Project Accounting
• Accounts Reconciliation and Analysis

Besides, PARLANCE also provides tax guidance to our valued clients on statutory compliance with the BIR and SEC and recommendations on avoiding some pitfalls by other entrepreneurs in dealing with the regulatory agencies.

Tax Compliance Process Outsourcing

With the continuing passage of new tax bills to further enhance the Philippine Government’s revenue generation, tax laws are becoming more complex and impose stiffer penalties and surcharges for non-compliance. PARLANCE firmly believes that taxes should be paid by the enterprises and together should be complied at the most legal and advantageous way. Our tax experts are available to help enterprises maximize their tax benefits and limits tax exposures and liabilities. The services include:

• Tax Return Preparation
• Tax Examination Assistance and Company Representation
• Tax Impact of Investment Decisions
• Tax Compliance Review and Identification of Tax Measures
• Preparation of necessary tax returns including reconciliation of tax dues per return, accounting records and related documents.

Internal Audit Outsourcing

The PARLANCE’s internal audit outsourcing centers on assessing of the internal controls and improving internal control activities not only accounting controls, but extended to controls in various phases of operation to ensure that management and goals objective will be met efficiently and effectively by the existing operational design and activities of our clients. Our services consist of:

• Basic Internal Control and Testing
• System-Design Review and Documentation
• Process Improvement Review and Cost Savings Identification
• Sarbanes-Oxley (SOX) Compliance Review