Accountant in Malabon

Three models: hourly (declining, common for ad-hoc work), fixed fee for a defined deliverable like a tax return, and monthly retainer bundling bookkeeping, filing and advice. Fixed and monthly are now the norm because they give both sides predictability.

A bookkeeper records transactions, reconciles accounts and runs payroll. An accountant prepares statutory accounts, files tax, and advises on structure and planning. Small firms often use a bookkeeper monthly and an accountant annually.

Software (Xero, QuickBooks) handles day-to-day bookkeeping well, but an accountant adds value at year-end for tax filing, compliance and planning. Many businesses run software themselves and pay an accountant only for the annual accounts and tax return.

In Malabon, expect rates around the national typical, with city-centre and larger firms charging more than suburban sole practitioners. Fixed-fee packages give you cost certainty versus open-ended hourly billing.

Most accountants now price by fixed monthly package rather than the hour. A sole trader's annual return is a modest one-off fee; a small limited company's year-end accounts plus tax filing is a mid three- to four-figure annual cost; ongoing bookkeeping and payroll add a monthly retainer on top.

In Malabon, ask other business owners for referrals, confirm the firm holds a recognised professional-body membership, and check they know your industry. A short intro call plus a clear fixed-fee proposal beats picking on price alone.

If your gross sales/receipts exceed the BIR threshold (currently P3 million a year) or you're a corporation meeting SEC criteria, yes — audited FS signed by a licensed CPA are required with your annual ITR. Below that, simpler bookkeeping and filing suffice.