With 2024 coming to a close, business owners are wrapping up sales and year-end campaigns. But as the year comes to a close, it’s also time to start preparing for the Requirements for Renewal of Business Permit for next year. To keep your business running smoothly, here’s a simple checklist… Read MoreRequirements for Renewal of Business Permit – What to Prepare?
Filing quarterly income tax can feel overwhelming, but it’s an important step for staying on top of your tax game. Understanding how to compute quarterly income tax can help you avoid penalties and make the most of any deductions or credits. In this guide, we’ll breakdown the basic steps for… Read MoreHow to Compute Quarterly Income Tax – For Filipino Taxpayers
Have you ever wondered what your next step should be after registering with the DTI and LGU? What BIR requirements for new business do you need to prepare to fully legalize its operations? In this blog, we’ll dive deeper into the steps to make your business legal and compliant with… Read MoreBIR Requirements for New Business – What Do I Need to Prepare?
BIR has released RMC 87-2024 to clarify some questions regarding Filing and Paying of Taxes under the system of Ease of Paying Taxes. Let’s take a look at the various methods available for taxpayers to file their tax returns, depending on their enrollment status and the availability of electronic platforms.… Read MoreFiling and Paying Taxes on eFPS Under Ease of Paying Taxes (RMC No. 87-2024)
Good news Online Sellers! According to RMC 79-2024, BIR is extending the deadlines for Online Sellers to register their business through BIR until October 12, 2024. With the deadline extension, here’s what you need to know to prepare for operating your business legitimately. Business Registration It’s important to understand that… Read MoreOnline Sellers Get Extra Time to Register for Taxes as BIR Extends Deadline (RMC 79-2024)
BIR released a new memorandum regarding the invoice compliance for VAT and Non-VAT taxpayers. Let’s take a look on some of the details on how to issue your invoice if you’re a VAT of Non-VAT business. Invoice Compliance and Requirements According to RMC 77-2024, businesses are now required to issue… Read MoreClarifying Invoice Requirements for VAT and Non-VAT (RMC 77-2024)
As a Business Owner it’s crucial to understand that there are various type of taxes that you need to pay within the calendar year. This can include Income Tax, Sales Tax, Withholding Tax and more. But first we’ll focus on discussing what Sales Tax is and how it functions in… Read MoreWhat is Sales Tax?
As a business owner, I’m pretty sure by now you’re already familiar with what Books of Accounts are. But if you don’t know what they are yet, it’s a group of books that declare and record all of your transactions in your business. These books typically include a General Ledger,… Read MoreORUS Guide on How to Register Your Books of Account
Hey there Mautax! You’ve probably heard of the new “Ease of Paying Taxes” ruling again about the Official Receipts but if not then you’re in the right place. Here’s how you can stay updated on the new BIR Ruling on Issuance of Official Receipts and ensure compliance with the latest… Read MoreNew BIR Ruling on Issuance of Official Receipts (RR 11-2024)
Inventory List of Unused Official Receipts, How do I issue this to BIR? Have you heard of this new requirement from BIR in relation to the RR 7-2024? If not, let us break it down for you to easily understand what to do with them. But first what is the… Read MoreInventory List of Unused Official Receipts – How To Issue This to BIR