Starting a business is exciting. You have a great idea, the drive to make it happen, and a vision of success. But learning how to run a business successfully isn’t just about selling products or offering services—it’s also about managing finances, operations, and, most importantly, paying taxes. Many business owners tend to… Read MoreHow to Run a Business and Deal with Taxes: Tips from Entrepreneurs
Taxumo partners with Cebuana Lhuillier to empower MSMEs by providing comprehensive financial solutions to businesses in the Philippines. Managing a business for owners of micro, small, and medium enterprises (MSMEs) can be crucial as they try to balance numerous aspects such as operations, product development, sales, marketing, and more. However,… Read MoreTaxumo partners with Cebuana Lhuillier to make BizLoans easier for MSMEs
As a business owner, you’re definitely familiar with the signage that you hang in your business premise. But have you heard of the big change that’s happened? If not, don’t worry, we’ve got you covered! You may know that BIR has issued RMO No. 43-2022 stating that a new format receipt notice… Read MoreBIR extends deadline for NIRI (Notice to Issue Receipt/Invoice Sign)
If you’re a good employer, you’ve probably wondered a few things, such as: how can I keep being a good employer? Paying your employees fair wages, for one! But also, you need to think about employee-related tax payments. If by now you still haven’t quite figured out everything, don’t worry:… Read More3 Things Employers Need to Do for Year-End Tax Filing Compliance
In this episode of Tax Tips Tuesdays, Ej and Ginger Arboleda and Marv de Leon discuss how to register your business as a professional (from doctors, lawyers, dentists, photographers, wedding planners to freelancers). In particular, they answer this question from a viewer: “If I have a small business that is… Read MoreHow to Register Your Business as a Professional (Tax Tips Tuesdays Ep. 2)
In this inaugural episode of Tax Tips Tuesdays Episode 1, husband & wife/co-founders of Taxumo.com, Ej and Ginger Arboleda talk about the advantages of being a sole proprietor in the Philippines — in terms of business structure as well as taxes. When do we need to register as a Sole… Read MoreThe Advantages of Being a Sole Proprietor in the Philippines
The world of startups, often one of the most exciting places to be for many young professionals—with all the cool perks and benefits, flexible schedule, open office environment, a lot of room for learning, and a relaxed atmosphere—there seems to be nothing to dislike. What is little known are the… Read MoreStarting a Startup: Essential Tips to Follow in the Philippines
How can you grow your business in the Philippines? You have been running your own enterprise alone or with a partner for some time. Your company has been able to survive so far. There is little debt and the revenue is enough to fund the necessary operations. You must be… Read MoreHow to Grow Your Business in the Philippines
How can you organize your business taxes in the Philippines? Go paperless Compile your receipts and invoices Set up a bank account for paying taxes Keep track of all your payment dates Many Filipino freelancers and entrepreneurs often find it difficult to organize their business taxes in the Philippines.… Read MoreHow to Be Organized with Your Business Taxes in the Philippines
What are the different business structures that can affect your tax computations in the Philippines? Sole proprietorship Partnership Corporation Capital, location, and product are some of the things you have to consider when starting your own business. Each of them has the capacity to affect your tax computations in… Read MoreUnique Legal Structures and Tax Computations in the Philippines