Tax Filing in the Philippines: Choosing Graduated Rate or 8% Threshold Rate
What are the important factors that come into play with the new tax filing policies?
Read MoreTax Filing in the Philippines: Choosing Graduated Rate or 8% Threshold Rate
Read MoreTax Filing in the Philippines: Choosing Graduated Rate or 8% Threshold Rate
As a freelancer or a sole proprietor, filing BIR forms and settling your taxes is your responsibility.
Knowing the right forms to secure and when they should be filed will save you from a lot of stress and penalties. So for today’s post, we’re giving you the ultimate list of BIR forms that every taxpayer should know.
Here we go.
Read MoreA Comprehensive Guide to BIR Forms for Freelancers and Sole Proprietors
What is this “withheld” amount? Why did my client not pay the full amount? What is this 2307? Is this the “ITR”? When you get your check from your client and, specially, if this is the first you’re getting paid, you probably have these questions in mind. So let us help… Read MoreWithholding Tax Table 2018 for Freelancers / Professionals
Whether you’re a freelancer or a new entrepreneur flying solo, sooner or later as your business grows, you may want to consider hiring employees. And when you do hire your first employee, you would have to start thinking about payroll, and payroll tax rates.
For both aspiring and existing business owners, 2018 comes with big changes specifically with implementation for payroll taxes. When it comes to handling payroll, it’s important to understand the current payroll tax rates. Not all employees under an organization have the same salaries and there are those who have different tax brackets as well. Meaning, each individual can have varying tax rates depending on their job position and company.
Read MoreWhat Are The Different Payroll Tax Rates to be Aware of This 2018
Income Tax for 2018 in the Philippines has been an interesting space lately because of the TRAIN Law (aka R.A. 10963). For self-employed individuals, it has been of particular interest because they now have an option to avail of a simpler 8% Income Tax Rate Option. The BIR released Revenue… Read MoreHow to Avail of the 8% Income Tax Rate on Gross Sales/Receipts
Whether you are a business owner, freelancer or a professional, we all spend a significant amount of time at work and sometimes even more than we spend at home. With all the stress and challenges that comes with our work life, wouldn’t you want a work space where you can… Read MoreDe-cluttering Your Workspace: Why de-clutter your work space now (and how to get started)
I’m going to discuss one of the small business tips some entrepreneurs are not taking advantage of nowadays. Over 3.5 billion searches happen per day, according to InternetLiveStats.com. Is your website near the top of the search results when someone searches for the services or products you offer? According to… Read MoreSmall Business Tips: Using SEO To Spark Your Business in 2018
The Tax Reform for Acceleration and Inclusion, more popularly known as TRAIN, has amended the tax code to increase the VAT Threshold from P1.919 Million to P3.0 Million. If you are a registered VAT taxpayer earning less than P3.0 Million, you may now opt to be non-vat instead. This is… Read MoreTax Reform: How to Change from VAT to Non-VAT
The Income Tax Reform Law (Tax Reform for Acceleration and Inclusion of TRAIN) (RA No. 10963 + veto message) changes a lot of things for the DIY taxpayer. Aside from the forms themselves, the tax reform law also changes the frequency, the processes, and the formula & tax tables that… Read MoreTRAIN Law Primer or So what do I file now?
Taxumo turns Tax Filing from what was previously a painful scary chore into a pleasant & quick online experience! Aligned with that promise, we are releasing our new UI. Built from the ground up with intuitiveness and ease in mind, filing your taxes are even easier than ever before. What… Read MoreTaxumo Makes Tax Filing a Quick & Easy Online Experience