Managing taxes online has never been simpler. With Taxumo, a leading online tax preparation and filing service (and a BIR accredited tax software provider), you have the power to handle your taxes with ease. In this guide, we’re focusing on how to streamline your tax season using Maya Tax Payments… Read MoreA Guide to Using Maya Tax Payments with Taxumo
Navigating the business landscape in the Philippines requires familiarity with several key concepts, one of which is the Business Registration Number (BRN). Where do we get this number? Essential for both new and established businesses, understanding the BRN’s role is crucial for legal compliance and operational efficiency. This article delves… Read MoreWhat Is a Business Registration Number in the Philippines?
In today’s financial landscape, understanding your credit score has become crucial, especially in the Philippines where the economy is growing and financial inclusion is expanding. A credit score is a vital financial parameter that banks and other lending institutions use to evaluate your creditworthiness. This guide aims to demystify credit… Read MoreYour Credit Score in the Philippines: A Comprehensive Guide
In today’s dynamic business environment, hiring a freelance accountant has become a practical choice for many entrepreneurs and small business owners. The flexibility, specialized expertise, and cost-effectiveness of engaging a freelance Certified Public Accountant (CPA) can significantly benefit businesses at various stages of growth. However, knowing what to expect from… Read MoreHiring a Freelance Accountant: Expectations & Responsibilities
In the realm of business operations, understanding and managing tax obligations are crucial components of success and legal compliance. One essential document that plays a pivotal role in this process is BIR Form 2316. This form is integral for employers in the Philippines, serving as a certificate that details an… Read MoreUnderstanding BIR Form 2316: A Guide to Employee Compliance in the Philippines
Starting a business (sole proprietorship) in the Philippines involves several critical steps, one of which is registering your business name with the Department of Trade and Industry (DTI). But what happens when you need to wind down or change directions? Canceling your DTI registration becomes a necessary part of the… Read MoreProcess of Canceling DTI Registration
Would you agree to have taxes deducted from your earnings without any proof? Certainly not. But what exactly is BIR Form 2307, or the Certificate of Creditable Tax Withheld at Source? Surprisingly, many professionals and businesses are unaware of the critical role Form 2307 plays in their tax dealings. Professionals… Read MoreBIR Form 2307: The Key to Proper Tax Credit for Filipino Professionals & Businesses
For businesses and professionals in the Philippines navigating their tax responsibilities, maintaining accurate and compliant books of accounts is non-negotiable. Opting for Loose-Leaf Books of Accounts offers flexibility and ease, especially for those who may not prefer the traditional written and bound booklets. The BIR’s Online Registration and Update System… Read MoreA Guide to Loose-Leaf Books of Accounts Application & Submission via ORUS
The Value Added Tax (VAT) system plays a pivotal role in the Philippines’ tax framework, affecting businesses and individual taxpayers alike. With the Tax Reform for Acceleration and Inclusion (TRAIN) law’s enactment, understanding the nuances of the Philippines Value Added Tax, particularly the VAT threshold and taxpayer status, has become… Read MoreNavigating the Philippines’ Value Added Tax Landscape
Starting a new venture comes with the excitement of bringing fresh ideas to market and the responsibility of contributing to the nation’s economy. One of the pivotal roles you will play as a business owner is in tax compliance, overseen by the Bureau of Internal Revenue (BIR). Here’s why fulfilling… Read MoreEmbracing Tax Compliance: Why Taxes Matter?