As Filipino taxpayers, it is essential to have a clear understanding of the Bureau of Internal Revenue (BIR) forms that pertain to our tax obligations. In this blog, we will discuss BIR Form 2551Q and 2550Q, their significance, and how they relate to our tax responsibilities. It is important… Read MoreWhat You Must Know About BIR Form 2551Q and 2550Q (With FREE Tax Guide)
Starting freelancing? As a freelancer starting out in the Philippines, it’s important to understand your financial responsibilities, including the monthly contributions to government-mandated programs like the Social Security System (SSS), Pag-IBIG Fund, and the Philippine Health Insurance Corporation (PhilHealth). To ensure accuracy, let’s refer to the latest information provided by… Read MoreStarting Freelancing in 2023? Know Your Monthly Payments for SSS, PAG-IBIG, and PhilHealth
As responsible Filipino taxpayers, it’s important for us to understand what to do once the tax season comes to an end. Completing certain tasks after filing your tax returns can help ensure compliance and maintain a smooth financial journey. In this blog, we will provide you with a post-tax season… Read MoreTax Season is Over, Now What? A Post-Tax Season Checklist for Filipino Taxpayers
Taking on freelance work is such an exciting venture. Not only does it increase your income potential but it also expands your skillset. We’ve talked to many freelancers, and most of them made a real sustainable career out of it. Here are some of the questions they wish they knew… Read MoreTaking on Freelance Work? Things You Need to Know to Get Started
First things first, congratulations! We salute you for thinking of expanding your income potential by starting a small business. There’s a lot of work that goes into running a business. But before you get to the nitty gritties of daily operations, let us equip you with the necessary pre-work to… Read MoreI Am an Online Seller. How to Make My Business 100% Legit?
So you’ve started your small business, you got the business name locked down, you got your branding on-point, what’s next? The next best step is to make your side hustle legit! Let’s dive deep into some of the tax obligations that you need to fulfill. This opens the doors for… Read MoreI Accept Side Hustles, Gigs, Rakets. Do I Really Have Tax Obligations?
Why Taxumo is a Game-Changer for Online Tax Filing Services in the Philippines Professionals, sole proprietors, and corporations across the Philippines are choosing Taxumo for a reason. As the leading provider of online tax filing services in the Philippines, Taxumo is renowned not just for its efficiency but for a… Read MoreDiscover the Unmatched Benefits of Taxumo’s Features
Doing good is rewarding. But did you know that it can also help lower your taxes? Maximize your contributions and learn more about Donors tax in the Philippines. Charitable contributions don’t just make a significant impact on the lives of those in need; they can also offer financial benefits to… Read MoreUnderstanding Donors Tax in the Philippines
Understanding the different types of taxes: In the Philippines, there are different types of taxes such as income tax, value-added tax (VAT), estate tax, and donor’s tax. Understanding these taxes and their corresponding rates can help you plan your finances better. Taxable income: Taxable income is the amount of income… Read MoreThese Are the Tax Tips You Wish
They Taught You in School
Starting a business can be exciting, but it can also be overwhelming. Most of us don’t know the concrete steps to register a business. In this blog post, we will discuss the basics of business registration in the Philippines and provide reliable sources for more information. First and foremost, it’s… Read MoreIt’s 2023: Do You Still Need to Leave Your House to Register a Business?