TAX-EXEMPTION OF SEPARATION PAYS
Separation pay is the amount due to employees who have been terminated from service/employment due to reasons allowed by law and not due to the wrongdoings of the employees. Below …
Tag: tax
Separation pay is the amount due to employees who have been terminated from service/employment due to reasons allowed by law and not due to the wrongdoings of the employees. Below …
NEIL U. SISON
CPA, CIA, CFE, CDM, CREB, CREA, RFA, MFA, MCP
Managing Partner
Neil, the Accountant-in-Pajamas, established Sison Corillo Parone & Co. (SCP) in 2001 with Alina C. Sison. He has over 28 years of expertise in the fields of organizational leadership, taxation, information technology audit, systems development and implementation, internal and external audit, business risk management, financial and business fraud audit, business process outsourcing, business set-up, and registration; IT and software development, and business strategies.
Before setting up SCP, he worked for more than nine (9) years in the Audit, Assurance, and Consulting Divisions of two (2) of the Big Four accounting firms in the country.
He has established, owned, and managed other businesses engaged in Information Technology, Management and Consulting Services, Sales and Marketing, and Food and Construction. Likewise, he holds positions as Director and President/CEO in other companies.
Neil is a graduate of the University of the Philippines. He has a total of 16 certifications: Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), Certified Information System Auditor (CISA), Certified Real Estate Broker (CREB), Certified Real Estate Appraiser (CREA), Registered Financial Advisor (RFA), Certified Digital Marketer (CDM), and Microsoft Certified Professional (MCP) for various IT courses.
ALINA CORILLO-SISON
CPA, CIA, CRB, MCP
Co-Managing Partner
Alina has over 28 years of extensive experience in operations, organizational leadership, finance, accounting, controllership, taxation, internal and external audit, human resources management, and general business administration. She established the Firm’s services in internal audit outsourcing, finance and accounting outsourcing, and tax and business registrations.
Before setting up SCP, she worked for five (5) years in the Audit and Assurance Division of one of the Big Four accounting firms in the country. She also worked as an Accounting and Audit Manager of a top convenience store in the country and as a Finance and Administration Manager of a German multinational company.
Together with Neil, she also established and owned other businesses engaged in Information Technology, Management and Consulting Services, Sales and Marketing, and Food and Construction. She manages these businesses while serving as Director and President/CEO in other companies.
Alina is a graduate of the University of the Philippines. She is a Certified Public Accountant (CPA), internationally recognized (US-based) Certified Internal Auditor (CIA), Certified Real Estate Broker (CREB), Registered Financial Advisor (RFA), and a Microsoft Certified Professional (MCP).
MARISSA D. LORENZO
CPA, CIA, CISA, CDM, CREB, CREA, RFA, MFA
Managing Partner
Ms. Lorenzo has over 22 years of solid experience in the audit of local and multinational companies in a wide range of industries which include, among others, manufacturing, retail, mining, trading, service, hospitality, shipping, freight forwarding, real estate and construction. She has been also involved in a number of due diligence review, agreed-upon and acquisition audits of international and local companies.
She has spent 2 years supervising the audit engagements for the Solomon Islands office of one of the Big Four international accounting firms and 3 years supervising the audit engagements for the New York office of the Big 4 accounting firms in the United States. In between, she had worked in the Assurance Division of two of the Big 4 local accounting firms.
She is a Certified Public Accountant and a Cum Laude graduate of the Central Luzon State University with a Bachelor’s degree in Business Administration major in Accounting. She is also a holder of a Master in Management degree from the Asian Institute of Management.
MICHELLE A. GUELAS
CPA
Partner, Audit & Assurance
Ms. Guelas has been in the external and internal audit services for more than 8 years handling various industries such as hotels and hospitality, manufacturing, trading, service, mining, shipbuilding and repair, construction, BPO, NGO and real estate. Other than assurance services, she has also handled business process outsourcing projects with various clients with exposure in general accounting, business process review, tax preparation and review, PEZA compliance and SEC compliance of listed entities. She is the pioneer head of the firm’s technical and training team, Head of Quality Assurance Team and currently the Operations Head of Audit Group. She has been a member of one of the Committees of the Board of Accountancy in 2017. Prior to joining SCP, she was an accountant in a private company.
She is Certified Public Accountant and a graduate of Pamantasan ng Lungsod ng Maynila with the degree of Bachelor of Science in Accountancy.
JOSEPHINE “JOY” P. MAGNO
CPA, CTRP
Tax Partner
Joy has over 30 years of industry experience in retail, electronics, manufacturing, food, franchise, real estate, information technology, BPO, and export services. Her tax expertise includes providing services to multinational companies, both local and international, particularly on tax compliance reviews, tax due diligence reviews, tax plannings, tax assessment assistances, tax treaty relief applications, tax advisories, and studies.
She lectures on internal and external tax training, particularly in Income Tax, Value Added Tax, Withholding Taxes, and other tax updates. She maintains membership with the Philippine Institute of Certified Public Accountants and the Association of CPAs in Commerce and Industry.
Joy is a Magna Cum Laude graduate from Ateneo de Davao University with a Bachelor of Science in Commerce Major in Accounting. She was awarded in 2018 as one of the “HERO ACCOUNTANTS” by Moores Rowland – Professionals of the Future.
AIZA P. CAMUA
CMA, CQPA, MCP, CTRP
Overall Operations Head
Aiza has over 18 years of experience in all phases of accounting, payroll, taxation, business registration, internal audit, system implementation, business process review, government reportorial compliances, corporate strategic planning, project management, and business analysis for clients in various industries such as real estate, construction, consultancy services, retail, call centers, manufacturing, and business process outsourcing (BPO) among others.
She started her professional career with SCP as an audit and accounting specialist. She was instrumental in setting up the firm’s practice for foreign and local outsourcing service and tax-related matters, recruitment and training, payroll, system implementation and business registration services.
Aiza has extensive involvement in the firm’s business development and is a frequent resource speaker on various accounting, payroll, and tax-related topics. She also heads the firm’s foreign outsourcing services, which included accounting for companies in the US, Australia, and South-East Asia.
Aiza’s strong professional credentials were rooted in exemplary academic achievements, being a constant Academic Honor from primary school to college. She graduated from Occidental Mindoro State College with a Bachelor of Science in Accountancy. She is a Certified Management Accountant, a Certified Quickbooks Pro-Advisor Consultant, a Microsoft Certified Professional, and a Certified Tax Return Preparer.
CIRILA “SHIRLEY” B. GORDULA
CPA
BPO Partner & SCP Operations Head
Shirley has over 38 years of experience in accounting, finance, controllership and IT systems and implementations (SAP/Bizbox), of which 27 years was with a group of multinational companies (MNCs) in pharmaceutical, chemical, and human/animal health vaccines industries based in Europe.
She was the Financial Controller of the top chemical distribution company worldwide, with head office in Germany prior to joining SCP. With her long years of experience working in MNCs, she gained an extensive knowledge on shared services, tax treaty relief, SAP, credit/risk management, tax/legal matters, year-end financial audit and all phases of accounting, finance, budgeting and forecasting.
She gained her marketing and selling experiences from managing their own business providing BPO, distribution and warehousing services to MNC clients in the field of animal health vaccines, specialty chemicals and dog foods businesses for more than five (5) years.
She is a member of Philippine Institute of Certified Public Accountants.
Shirley was a COCOFED scholar who obtained a Bachelor’s degree in Business Administration Major in Accounting from the University of the East-Manila.
DERREN JOSEPH
EA, MA, MPhil (Econ)
Independent member, BPO & Accounting Moores Rowland US Taxation
Mr. Joseph is an EA (Enrolled Agent in the US) who has been admitted to practice before the IRS and is an associate member of the American Institute of CPAs. He has a Masters in Economics from the University of Aberdeen (Scotland), a Masters in Development Studies from Middlesex University (London), a first degree in Business and holds a Certified Diploma from ACCA (Association of Chartered Certified Accountants in the UK). He has done work for large, listed companies as well as Small and Medium-sized Enterprises (SMEs). He also has over 15 years’ experience in financial and econometric modelling with British, American, & Caribbean companies. His experience includes Senior or Director-level roles, at companies such as British Airways, Expedia and Caribbean Airlines. Since 2007, he has been working with Americans in the Caribbean, the U.K., and Miami, FL. His specialty is working with expats with equity stakes in SMEs. He moved to Singapore in October 2013 to manage the Singapore operation of a U.S. tax accounting firm.
FEDERICO REYES
CPA,CMA
Partner, BPO & Accounting
Mr. Reyes has 23 years of solid work experience in the fields of Accounting, Finance, Treasury and Office Administration. He has seven (7) years working in a BPO Shared Services Industry at Xerox Shared Services Philippines, Inc. ROHQ as Accounting Manager II. He lead the transition of the accounting functions from U.S.A. to Philippines and managed the Process Improvement Committee for Commercial Accounting Shared Services.
He started his career as Junior External Auditor at Carlos J. Valdez & Co., a member Firm of Coopers and Lybrand. From there he rose from the ranks having exposure in various types of business such as: Manufacturing, Trading of Securities and Stocks, Importation and Distribution, Construction, Food Services, Exportation, Business Process Outsourcing and Services. He worked for International, local/ multinational companies.
He is a Certified Management Accountant (CMA), Certified Public Accountant (CPA) and had units of Master in Business Administration at the Ateneo Graduate School of Business.
He is a scholar and graduate of Pamantasan ng Lungsod ng Maynila (PLM) and took Computer Technology course at the Polytechnic University of the Philippines.
RONALDO ALCALA
CPA
Partner, Audit & Assurance
Davao
Mr. Alcala is a Certified Public Accountant and has over 35 years of comprehensive experience in finance and accounting, controllership, tax consultancy and compliance, internal and external audit and business administration. He worked first as an audit staff of one of the big 4 audit firm in the country for 4 years.
Prior to joining Sison Corillo Parone and Company, he worked as Financial Controller and then as Chief Financial Officer in group of pharmaceutical companies engaged in importation, manufacturing and distribution for 10 years, BIR Tax Examiner for almost 7 years and in the next preceding years as Financial Manager of a multinational company, Vice President for Finance and Comptrollership in group of companies engaged in mining exploration, Accounting Manager, and Internal Auditor in a construction company. He has experience in accounting systems application development and implementation. He is a graduate of Far Eastern University.
JOEL M. BAPTISTA
CPA
Partner, Tax and Accounting
Mr. Baptista or “S.J” as he would like to be called has over 25 years of comprehensive experience in the field of (Tax and Basic) Accounting, Finance, Audit, Treasury and his expertise is in the field of Taxation having worked in the Bureau of Internal Revenue as Revenue Examiner for more than a decade and hands-on experience in Tax and Regulatory Compliance in the private sector. SJ worked in the various industries such as Financial Institutions, Telecommunications, Real Estate, (University) the Academe and Business Process Outsourcing.
SJ’s work experience were as follows- he started with the private sector PCIBank (now BDO) and Urban Bank as an Internal Auditor, after which he shifted his focus in the government sector and worked with the Bureau of Internal Revenue as a Revenue Officer ( Assessment) for 12 years, and then worked his way back to the private sector as Senior Treasury Supervisor and Business Center Head at Suncellular-Digitel Mobile Philippines Inc. He also tried his luck by working abroad at 3D Investments in L.A. USA for over 7 years as an Internal Audit Officer. He also teached Income, Business and Transfer Taxation and Basic Accounting at Jose Rizal University and his last stint as a Tax Manager was with SPI Global.
SJ obtained his Bachelor’s degree in Accountancy from Polytechnic University of the Philippines, Cum Laude. He had also earned a Master’s Degree in Business Administration at Ateneo De Manila Graduate School of Business. He finished his first year of Law at the New Era University and have plans of completing said course and taking the Bar Examination.
SJ is a Certified Public Accountant. He is also a member of Philippine Institute of Certified Public Accountant (PICPA), Association of Certified Public Accountant in Commerce and Industry (ACPACI), and Tax Management Association of the Philippines (TMAP).
MYRA O. CHUA
CPA, CTRP
Tax Partner
Myra has over 13 years of practice and experience in accounting, tax, and audit. She has handled various audit and tax engagements, such as but not limited to agreed-upon services, tax litigation support services (ICPA audits), tax compliance reviews, monthly tax return preparation and compliances, BIR audit assistance, tax planning services, general tax advisories, SOX compliance audits, business process reviews, and group reporting audits.
Her engagement and exposure in various industries, including manufacturing, retail, trading, real estate, construction, logistics, insurance, media and entertainment, shipping and transport, lending financial services, mining, and non-profit organizations, solidified her technical expertise in the field of taxation.
She is the technical working group leader of the tax department. She lectures on tax-related subject matters, specifically corporate and individual taxation. She is a member of the CORE Team and a facilitator in the firm-wide Extraordinary and Heroic (EH) Leadership Program.
She is a member of the Philippine Institute of Certified Public Accountants.
Myra graduated from the Polytechnic University of the Philippines with a Bachelor’s degree in BS Accountancy.
MIGEL G. PURUGGANAN
CPA
Partner, Audit and Assurance
Bulacan
Mr. Purugganan started his profession as a Field Auditor where he was exposed in a job auditing different franchises of Bayad Center and branches of Meralco. He worked also in different industries as an accountant doing accounting and taxation jobs for almost four years where he is mostly exposed in processing different tax returns, doing different transactions with the Bureau of Internal Revenue (BIR), and processing business permits in different Local Government Units (LGU). Currently, he is working as an Internal Auditor for a thrift bank.
He graduated with a degree of Bachelor of Science in Commerce Major in Internal Auditing at Far Eastern University (FEU) – Manila and Bachelor of Science in Accountancy at Philippine School of Business Administration (PSBA) – Q.C.
He is a Certified Public Accountant (CPA) and an incoming first year law student.
PAUL JORDAN AGUILAR
CPA
Partner, Tax, Accounting and Audit
Marikina
Mr. Aguilar has over 10 years of work experience in the fields of Accounting, Finance, Payroll, Taxation, Human Resources and Office Administration. He has experience in various industries such as Manning Agency, Travel Agency, Property Management, Shipping, Education, Retail, Food and Beverage and Hospitality Industry.
He started his career as an Accounting Assistant in a manning agency handling billing and payroll while reviewing for the CPA Board Exam until he passed. Afterwards, worked as a Junior Finance Consultant for an accounting firm. He then became an Internal Auditor before becoming a Chief Accountant for shipping company and travel agency. He also held the position of Finance Manager for a retail business, property management and food and beverage industry before becoming a Finance Director and Business Services Head for a five star resort in Palawan.
He is a Certified Public Accountant and a Graduate of Central Colleges of the Philippines with the degree of Bachelor of Science in Accountancy. He also took up Australian Financial Planning (RG146) and is currently taking up Bachelor of Laws in Adamson University where he is on his last year.
NONOY EBORA
CPA
Partner, Tax, Accounting and Audit
Batangas
Mr. Ebora started his career on 2005 as Customer Service Associate at Philippine National Bank (PNB) Main Office where he was exposed to different banking operations and policies. After two years, he became an Internal Auditor for two years and eventually a Relationship Officer of Batangas City branch.
On 2008 , he transferred to Rizal Commercial Banking Corporation Batangas City Branch as Business Manager with at his young age of 25. On his seven years in RCBC he received numerous awards and topped as Most Outstanding Business Manager. He reached the rank of Vice President at age of 31.
He is a Certified Public Accountant and a graduate of the Batangas State University with a Bachelor of Science in Accountancy degree as Batangas Bankers Association full scholar.
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ALELI “LEI” M. GLORIOSO
CTRP
Tax Partner
Lei has over 18 years of work experience in the field of Accounting and Taxation in different industries such as telecommunications, manpower agency, automotive, retail, biotechnology, construction, and real estate. She has been with the firm since January 2015 and provides tax services to top withholding agents and large taxpayers on local tax compliance, tax audit, tax refunds, and transfer taxes.
She is a Certified Tax Return Preparer and conducted internal and external training related to Income tax, value-added tax, and withholding taxes. She is one of the contributors to the book “Secrets in Winning Tax Audit” by Neil and Alina Sison. She handled different special projects and led the Train the Trainers program.
Lei graduated from Alfelor Sr. Memorial College with a Bachelor of Science in Commerce, Major in Accounting.
AIRA CAMILLE G. BILBAO
CPA
Audit Partner
Aira has more than seven (7) years of solid audit experience and has handled the financial audits of companies in various industries, including real estate, hospitality management, power generation, lending, oil and gas, and agriculture. She also handles accounting consultations, conversion to and updates on Philippine Financial Reporting Standards, agreed-upon procedures, and financial statement reviews. She also led and assisted local internal audit co-sourcing and outsourcing engagements for shopping mall management, feed, and fast-food industries.
Aira’s technical expertise stems from a thorough understanding and application of International Financial Reporting Standards, Philippine Financial Reporting Standards, and regulatory requirements. She lectures on auditing, accounting, and business-related matters in the firm’s organized in-house training, as well as in external organizations.
She initiated some of the firm’s internal and external technical certifications, including financial statement preparation and planning management certifications. She pioneered establishing the Firm’s QAR and contributed primarily to technical perspectives. She was previously the audit department’s technical training lead. She is a Leaders’ Management Team member and the current leader of one of the firm’s leadership programs.
She is a member of the Philippine Institute of Certified Public Accountants.
Aira received an academic excellence award from New Era University for her Bachelor of Science in Accountancy degree and has served as the head of the NEU-JPIA Academics Committee.
CLARECIE “CLA” S. AUREADA
CPA
Audit Partner
Cla has over ten (10) years of experience in auditing companies in various business lines: hospitality, construction, manufacturing, fast-moving consumer goods, logistics, trading, livestock semi-conductor, and other service industries. She has a solid foundation in International Financial Reporting Standards (IFRS), Philippine Financial Reporting Standard (PFRS), Philippine Standards on Auditing, and Standards on Agreed Upon procedures, which fortified her qualification to deliver various engagements such as Assurance Audit, Financial Statement Preparation, Operational Audit, Agreed Upon Procedures, and other related compliance engagements.
She is a coach/speaker on audit, accounting standards and updates, financial statement preparation, Income tax computation, and self-development training organized by the firm.
She is currently the lead of EH Partnership, part of the system development of the POFSIS Audit Tool, and CORE team Audit representative. She was a former Communications Committee Officer and Quality Assurance and Technical Training Team member.
She is a member of the Philippine Institute of Certified Public Accountants.
Cla graduated from the University of Perpetual Help System DALTA – Molino Campus with a Bachelor of Science in Accountancy and an Excellence Award as President of the Junior Philippine Institute of Accountants (JPIA).
CHARLETE KARL “ANLET” F. TELEBRICO
HR & Admin Partner
Anlet has more than 16 years of extensive experience in human resources and administration. She handled various clients in different industries: vehicle dealerships, manufacturing, manpower services, trading, holdings, cooperatives, financing, property management, real estate, construction, and education.
Her comprehensive technical and soft skills seminars on system development and implementation, recruitment and training, corporate strategic planning, business registration and compliance, and project management further strengthened her expertise in human resources and administration.
Anlet graduated as a scholar with a Bachelor of Science in Industrial Psychology and earned a Master of Arts in Psychology from Rizal Technological University.
AUDIT AND ASSURANCE SERVICES
External Audit
Internal Audit
Agreed-Upon Procedures
Mergers and Acquisition (Due Diligence Review)
Extended Audit Services
TAX SERVICES
Tax compliance Review
Tax Assessment Assistance
Tax Preparation and Filing
Litigation Services (As Independent CPA – CTA)
Consultancy Retainer Services
Tax Credit or Refund Application
Outsourced Tax Services (Staff Loan)
Corporate Tax Planning
Tax Study
Tax Trainings / Workshops
Estate Tax Assistance
OUTSOURCING SERVICES
Accounts Receivable Management
Accounts Payable Management
Payroll Processing
Accounts Reconciliation
Bookkeeping and Financial Reporting
Inventory Stock Count and Reconciliation
Other Accounting Consulting and Related Services
PARALEGAL SERVICES
Company Formation and Incorporation Services
Special Registrations
Corporate Secretarial and Corporate Housekeeping Services
Business Cessation
INFORMATION SYSTEMS AND SYSTEMS IMPLEMENTATION
System Implementation
General and Application Control Audits
Security and Assessment, including Security Controls Design
Information Systems Implementation Readiness
Other Information Systems – Related Audit Services
ADVISORY AND CONSULTING SERVICES
Enterprise Risk Management
Business Process Review and Documentation
Corporate Financial Review