The allure of freelancing has captivated many in the Philippines, marking a significant shift towards flexible, autonomous work. As technology and digital connectivity flourish, the role of the Filipino Freelancer has emerged as a promising career path for those seeking both freedom and opportunity. Unparalleled Flexibility and Global Opportunities One… Read MoreShould You Really Explore Being a Filipino Freelancer?
We Made an Annual Tax Filing Compliance To-Do List So You Don’t Have To It does not matter if you’re a seasoned independent professional, a highly-operating business, an agile corporation–annual compliance can be a taxing experience. Most especially for newly minted freelancers, SMEs and corporations! That said, we are here… Read MoreYour Annual Tax Filing Compliance Checklist
BIR Form 1604E is also know as your Annual Information Return of Creditable Income Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Taxes. Sounds like a mouthful, right? Now let’s dissect that one by one. Withholding tax, in a nutshell, is the income tax liability deducted by the withholding agent… Read MoreWhat You Need to Know About the New Expanded Withholding Tax (BIR Form 1604E)
Tattoo artist, illustrator, and Taxumo community member Wiji Lacsamana envisions a brighter future after the Covid-19 pandemic, and muses on how we can pick ourselves up from this challenge, and take the opportunity to create a better world. She shares her story below: I am Wiji Lacsamana, 35, based in… Read MoreFreelance Tattoo Artist & Illustrator Wiji Lacsamana Believes Closer Collaboration is the Future
How do you become financially stable as a private medical practitioner Prioritize taxes Give official receipts Get insured As a medical practitioner, you have to put the lives of patients above yours. Because of this, you may have a hard time taking care of yourself physically, emotionally, and most of… Read MoreHow to Be Financially Stable as a Private Medical Practitioner
What do you need to know about the new BIR Forms? Thanks to the Tax Reform for Acceleration and Inclusion (TRAIN) law, the government has taken the time to make changes to the old tax BIR Forms you filed before with a tax calculator in the Philippines. With these new… Read MoreWhat You Need to Know About The New BIR Forms in 2019
What are some business trends to look out for this 2019? Business trends come and go; 2019 is no different. But what’s important every year is focusing on improving customer experience and trust. While prioritizing the needs of the customer has always been important (e.g. online tax calculators in the… Read More2019 Business Trends to Look Out For
What are the top skills freelancers should learn in 2019? Freelancing is challenging, mainly because of one thing: you are on your own. You have to produce satisfactory outputs for your customers. You also have to be concerned with the administrative tasks such as paying bills, filing BIR forms through… Read MoreTop Skills for Freelancers in 2019
What do you need to do to renew your business in the Philippines? Renew Barangay Clearance Renew Mayor’s Permit Renew BIR (Bureau in Revenue) Certificate of Registration Most companies are busy during January. They not only have to whip out their tax calculator in the Philippines for the annual filing… Read MoreHere’s What You Need to Do to Renew Your Business in the Philippines
How did the Train Law improve VAT? The Philippines has one of the highest VAT rates in the world and it is definitely a burden for a lot of enterprises. Recently, the government made revisions to it through TRAIN Law to make it less painful for them. If you’ve recently… Read MoreHow VAT is Improved Because of the TRAIN Law