FAQ About ChrisImm Sentimo Kumon and to its Services

• Accounting Reports. In which we help companies and individuals in the preparation of Financial Statements and other Reports.
• Business Registration & BIR Compliances. ChrisImm Sentimo Kumon processes business registration for Sole Proprietor, Partnership, and Corporation from DTI to Barangay to Municipality to BIR. We also offer consultation for our Business Registration Services if the owner/s wants to do the actual registration himself.
• Tutorial Services. Grade 10 to 12 Math and SHS Accounting Subjects.
• Human Resources Services.
• Internship Programs.

ChrisImm Sentimo Kumon was founded in January of 2019 by Mrs. Cherizza Grace Penafiel, in Imus City, Cavite, Philippines. In February 15, 2021, to better serve our clients and to provide future growth in the expanding Accounting and Bookkeeping Market the business was established and the same time it was named 'ChrisImm Sentimo Kumon Accounting and Bookkeeping Services.'

Mrs. Cherizza Grace Penafiel started as a Cashier, became a Sales personnel. She was hired as an Accounts Receivable Clerk, promoted to Accounts Payable after a year, and promoted again to General Bookkeeper after 5 months at a Distribution Company. She then grabs an opportunity of becoming an Accounting Assistant – Receivables and Receipts in a Hospital Industry. After certain changes in her status, she decided to become a freelance bookkeeper and put up her own business. She founded CHRISIMM SENTIMO KUMON Accounting and Bookkeeping Services. 

CHRISIMM derives from the combined name of her sons CHRIStjohn Claude and Elijah IMManuel as they are her Treasures, the word SENTIMO KUMON derives from her belief that centavos matter is directly attributable to the common sense of a certain individual and will make a large impact on the client’s businesses.

A total of 10 employees at ChrisImm Sentimo Kumon have a position and role.

MISSION

To provide comprehensive, competent, quality services to all. We adhere to moral, transparent, honest, ethical values and integrity in all our offered work at the highest standard. 

VISION

Become a recognized accounting firm of choice for providing comprehensive financial and professional services to individuals and businesses alike while providing a working environment where staff members can grow and succeed in the industry. 

GOAL

To gain financial stability and help professionals and future accountants achieve their own goals. To become the most sought-after provider of Accounting, Bookkeeping, and Human Resources services. 

OBJECTIVES

 We make your business our business. 

You can visit us at our official Facebook Page ChrisImm Sentimo Kumon or text/call this number 0966-706-4839.

For an appointment, you can call any of these number: 0921-630-7858/ 0991-524-2875/ 0906-726-9822.

According to Mr. Ramon Lopez, Secretary of Trade and Industry of the Philippines, small businesses who earned 250,000 and below, and only sell irregularly or homemade items as a hobby are exempted from registering their business with the Department of Trade and Industry and Bureau of Internal Revenue. As per DTI, those online sellers are not yet considered as a business and so they don't need to be registered.  

Certificate of Registration (BIR Form 2303) for the newly registered taxpayer and a validated Payment Form (BIR Form 0605) for every renewal is a must to guarantee that the business is registered with BIR. However, Employees, ONETT taxpayers, and persons who have secured a TIN under EO 98, series of 1998 with the BIR shall not be issued a Certificate of Registration (COR).

For business registration in the Philippines, a local or foreign individual/company can register any of the following business entities, namely:

● Philippine Corporation (Domestic Corporation, One Person Corporation)

● Foreign Corporation (Regional Operating Headquarters, Regional Headquarters, Representative Office, or Branch Office)

● Partnership (General Partnership or Limited Partnership)

● Sole Proprietorship (Filipino-owned or Foreign-owned)  

As per the RMO No. 19-2018 of the Bureau of Internal Revenue (2018), new businesses shall only register at the New Business Registrants Counter (NBRC). It is a special lane established for the registration of new businesses, which is operated by the New Business Registrant Officer (NBRO). It is in each Revenue District Office (RDO).

According to the Business Name Law (Republic Act 3883), It is prohibited to use a name other than the owner's genuine identity for a business without first registering the name with the DTI. In that case, you don't need to utilize or register an assumed business name if the name of your business includes each owner's "real and authentic" name.  

As per the RMC No. 29-2019, all corporations, companies, partnerships, or persons that are required by law to pay internal revenue taxes shall keep and maintain books of accounts. Books of accounts may be maintained in the following manner:

● Manual Books of Accounts.

● Loose-leaf Books of Accounts (with Permit to Use).

● Computerized Books of Accounts (with Permit to Use).

Furthermore, books of accounts shall be always kept in the taxpayer’s place of business.

As per Electronic Commerce Act of Revenue Regulations no.9-2001, Electronic Filing and Payment System (eFPS) is an online platform of Bureau of Internal Revenue's (BIR) method for electronically filing tax forms, including any attachments, and paying taxes owed thereon. 

• It minimizes the possibility that BIR will audit your accounting records.

• You can easily produce accurate income tax returns without any risk

• It creates good credit ratings for financial institutions and agencies.

• You will gain the trust of the investors.

• Taxes are used to improve the economy and it attracts more investors which can generate more job opportunities. Furthermore, generating job opportunities through taxes is somewhat a form of Corporate Social Responsibility that can help to attract potential customers. 

● Taxpayer Account Management Program (TAMP) taxpayers

● Those required to secure the BIR-ICC and BIR-BCC

● National Government Agencies

● Licensed Local Contractors

● Enterprises enjoying fiscal incentives (PEZA, BOI, etc.)

● Top 5,000 Individual Taxpayers

● Corporations with paid-up capital stock of P10 million and above

● Corporations with complete Computerized Accounting System (CAS)

● Procuring government agencies on withholding VAT and Percentage taxes

● Government bidders

● Large Taxpayers

● Top 20,000 Private Corporations

● Insurance companies and stockbrokers