Blog | Lance Leenard Group

Tax & Finance Insights, Simplified.

Clear insights to manage your growth, not your paperwork.

₱262 Million in Sales — and a Loss

How a healthy-looking business slipped into the red, and why the tax return never saw it coming Here's a number that makes people do a double-take: a gas station sold ₱262.5 million of fuel last year — and ended the year at a loss. Not because sales fell. Not because fuel got more expensive at the pump relative to cost. Sales were basically flat, and the fuel margin held steady at about 3%. The business slipped into the red for one reason only: the cost of running the station

Samir Gaaloul

Jul 223 min read

Your Books Are Talking. Are You Listening?

Why accounting should be your company's health check — not just your BIR paperwork For many Philippine businesses, accounting has one job: get the returns filed, keep the BIR happy, and move on. The financial statements get signed, stamped, submitted — and then filed away until next year. That's a missed opportunity. Because buried in those same numbers is the clearest picture you'll ever get of how healthy your business actually is — and where the money is hiding. We recentl

Samir Gaaloul

Jul 172 min read

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