What are the top travel destinations to go to? Japan South Korea Europe USA Maldives You’ve been working hard for years. You’ve paid your dues such as your contributory tax computations in the Philippines. Thus, you definitely deserve to treat yourself! What better way is there to spoil yourself than… Read MoreTop Travel Destinations
What skills do you need to be financially successful? Financial goal-setting Organization Investing Save up for retirement Being financially smart takes more skills than just paying your expenses and doing tax computations in the Philippines. It is an attitude that involves a lot of practices. You will need to develop your… Read MoreThe Skills You Need to Be Financially Successful
Filipino doctors have to be aware of the changes implemented by the TRAIN Law this 2018. These changes involved new exemptions and rate recalculations that can thankfully be done with a tax calculator in the Philippines. Let’s discuss below some of the changes that will most likely affect your profession… Read MoreWhat Every Doctor Should Know About the Train Law
Throughout the years, changes have been implemented to the country’s tax systems to ensure fairness and efficiency. In addition to updating guidelines for tax filing, the Bureau of International Revenue (BIR) has introduced new forms as well. Today, we’re highlighting one of the latest forms introduced by the BIR: Form… Read MoreAll You Need to Know About BIR Form 0619E (Updated 2022)
In the freelancing world, the BIR Form 2307 is a common sight. It is one of the most important forms that a freelancer will encounter since they are required to attach it with their 1701 or 1701Q form. One of the many reasons why this form is needed is because… Read MoreAll the Basic Stuff You Need to Know About Your BIR Tax Form 2307
How to Register Your Medical Practice With the BIR: A Comprehensive 12-Step Guide For Doctors / Physicians
Unsure how to start with the confusing and overwhelming BIR registration procedure? Worry no more. Our comprehensive 12-step BIR registration guide for doctors/physicians will run you through all that you need to know about tax filing and payment. But not just that, but a more convenient yet less time-consuming guide for you as a doctor/physician.
BIR registration can be a daunting process, so much so as a doctor/physician with overwhelming obligations. Considering the heavy demands of your profession, familial duties, and outside commitments, you have to improvise to keep up with your duty as a citizen. Furthermore, addeto that complication are the overwhelming procedures and inconsistent documentary requirements imposed by some BIR Revenue District Offices (RDOs). And this can be confusing for you, as a taxpayer. Nevertheless, registering your profession is necessary. More so, by registering, you get to fully benefit from self-employment in ways other than what you initially intended.
For this reason, we will run you through a detailed and comprehensive guide to assist you on how to register with BIR as a doctor/physician. This guide is applicable to all self-employed and mixed-employed doctors/physicians wanting to register with BIR. Other professionals and self-employed individuals can refer to this guide as well. Read on!
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.