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Machica Tan-Cruz & Co. specialises in audit and assurance, tax, accounting, business consulting, insurance and business process outsourcing. Following his success in winning the Tax Advisor of the Year - Pacific Alliance accolade, we interviewed Chairman and Managing Partner Michael Machica to learn more about his impressive track record in accountancy.

Taxing Work Machica Tan Cruz & Co. (MTC), is engaged in the public practice of accountancy as certified public accountants, whose services for Philippine-based and multi-national enterprises are grouped into: audit and assurance, business and knowledge support, taxation, and business consulting and advisory. MTC has currently four active partners.

Machica Firm, Inc. (MFI) is a domestic corporation, duly registered with the Securities and Exchange Commission. It offers top-of-the-line service and solution such as risk management, financial planning, life and non-life insurance underwriting, employee benefits consulting, mutual funds, variable-unit-linked life insurance, health and accident covers, alternative risk and insurance, and claims. As an insurance and mutual fund intermediary, MFI has existing contracts with Philippine leading non-life insurance companies, and one each for life insurance, health care and mutual funds.

The Chairman and Managing Partner at Machica Tan-Cruz & Co. is Michael Machica, who is also Founder, Chairman and Chief Consultant at Machica FIRM, Inc. He begins the interview by telling us about his many years as a seasoned professional in the field.

“I have 25 years of experience in strategic, transactional, and regulatory competences in
external auditing, foreign direct investment and international tax advisory, domestic tax, accounting (IFRS and US GAAP). My niche capabilities are in transfer pricing, insurance, and credit risk developed through progressive employment, public practice, and entrepreneurship, backed by professional certifications such as CPA, CIA, CIS, AQV, and CFSA, and postgraduate education and executive training from among the world’s high-ranked business schools.

“My credentials are capped by a PhD in Management (with academic and dissertation distinction / summa cum laude). I also completed my postdoctorate research in transfer pricing, as a visiting scholar at the Vienna University of Economics and Business, Institute of Tax Law.

“Today, I am the Chairman of Machica Group (machicagroup. com), composed of: Machica TanCruz & Co. and Machica FIRM, Inc, with three local offices plus liaison representatives in the US, Europe, and UAE. I direct and mentor high achievers and valuesdriven professionals, in providing personalized and tailored services as well as solutions to foreign and local clients. I advise, work and collaborate with investors, boards of directors and management in all facets of business.”

Michael has visited the headquarters of major MNEs in Europe and Asia. He is the Ph Partner of the LEA Global (leadingedgealliance.com) and AGN Int’l. (agn.org) - both associations of separate accounting and consulting firms. In addition, he is the Ph Regional MP of Dezan Shira Asian Alliance (dezshira.com). He is also a frequently invited to speak as a resource person by various professional, academic and industry bodies. Michael is interested in collaborative professional practice in transfer pricing, internal auditing, financial services consulting and nonvoice BPO services. Michael is keen to reveal more about his current positions in the firm, plus more about what Machica FIRM, Inc does.

“I head up the firm’s professional public practice of accountancy; I set the firm’s strategic goals; I lead subordinates and manage client-relationships and clientfacing activities. As a public accountancy firm, Machica Tan-Cruz & Co, is duly accredited with the government regulatory agencies to provide tax and assurance services to the public. As the Founder and chairman of the company, I also act as chief consultant of our financial,  insurance, risk consulting and advisory services.
Machica FIRM, Inc.’s services is threefold: (i) Consulting (foreign direct investments, international tax and transfer pricing advisory, risk consulting, financial planning and modelling, financial advisory). (ii) insurance underwriting and marketing (life insurance, non-life insurance, investmentlinked products, health care, surety, bonds, etc.), (iii) BPO (accounting, tax, payroll, finance, staff secondment, government regulatory compliance).

“The company also provides niche BPO services to IT, global BPO, and multi-national companies operating in the Philippines. Machica FIRM is a member of the prestigious Million Club based on the size of its non-life insurance portfolio. Just recently it received “Excellence in Risk Consulting in the Philippines” accolade from Corporate Livewire. In 2015, it was also recognized as the Best Insurance Agency in the Philippines by Wealth and Finance Awards.”