Many Filipinos ask the same question:“Am I paying the right amount of tax?” Not too little.Not too much.Just right. With a system that’s supposed to compute taxes approximately, surely there’s a way to know.. right? How Do You Know If You’re Paying an Approximate Amount of Taxes? For most taxpayers,… Read MoreThis is where your taxes go, and why knowing the amount matters
This guide is for employed professionals with side gig jobs who want to protect their day job, stay tax-compliant, and avoid unnecessary drama. Side gigs are no longer optional for many Filipinos. They are a financial reality. Millions now rely on freelance income to supplement their salary, driven by rising… Read MoreDo I Need to Tell My Employer About My Freelance Income?
Let’s face it: whether you are a freelancer starting out, a growing business becoming a corporation, or a professional fixing BIR open cases, Philippine tax requirements are overwhelming. While Taxumo’s tool makes filing easy, sometimes you need more than a tool—you need expert tax advice. To help you save money… Read MoreTaxumo: An Online Platform That Offers Tax Consultation Services
Demand is rising, and you continuously run out of supplies almost as fast as your sales increase, it’s like no matter how much you stock up, it’s never enough. Replacing inventory can feel like a never-ending race, and honestly, falling behind when demand keeps climbing is a reality. But hey,… Read MoreLow on Product Inventory? How to Get Funds to Refill Your Stock
The Bureau of Internal Revenue (BIR) has temporarily paused the issuance of BIR LOA (Letter of Authority) through RMC No. 107-2025 to businesses. The pause is intended to support the agency’s effort to improve the audit process. BIR is now conducting a comprehensive review of its policies and procedures to… Read MoreBIR LOA Temporarily Suspended (RMC) No. 107-2025: How does this affect taxpayers?
BIR Extends Tax Deadlines for Taxpayers in Business The Bureau of Internal Revenue (BIR) has announced an extension for all tax filing, payment, and submission deadlines until November 30, 2025 in response to the severe impact of Super Typhoon Uwan. This extension covers taxpayers in the following areas: Entire NCR… Read MoreBIR Extends Tax Deadlines for Typhoon-Affected Areas
When you run a business in the Philippines, one of the important requirements from the Bureau of Internal Revenue (BIR) is to maintain Books of Accounts. These are the official records of your transactions, sales, purchases, expenses, and other financial activities. Books of Accounts typically include a General Ledger, General… Read MoreHow to Register Loose-Leaf Books of Accounts in ORUS
When it comes to paying income taxes in the Philippines, one of the options available to taxpayers is the graduated income tax rate. If you’re earning from your profession, freelancing, or running a business, it’s important to know what this means and whether it applies to you. What Is the… Read MoreGraduated Income Tax Rate in the Philippines: Is It for You?
Dealing with taxes in the Philippines can feel overwhelming, especially if you’re not sure where to start. Whether you’re registering your business, securing important documents, or filing your taxes, the process can be time-consuming and confusing. To help make things more organized, the BIR introduced the BIR eAppointment System. This online… Read MoreBIR eAppointment System: A Guide for Taxpayers + How to File Taxes Online
What is BIR Form 1701Q? BIR Form 1701Q is the Quarterly Income Tax Return filed by self-employed individuals, professionals, and mixed-income earners in the Philippines. It is used to declare income earned and taxes due for each quarter of the year. You file 1701Q three times a year — after… Read MoreBIR Form 1701Q: What It Is, Who Needs to File, and How to File It Online [Updated 2025]
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