In recent years, freelancing has become a popular career choice for many Filipinos. With the rise of technology and the internet, more and more businesses are turning to freelancers for their needs. As a freelancer, you can work from the comfort of your own home or from anywhere in the… Read MoreShould You Really Explore Being a 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 More“We All Need One Another.” Freelance Tattoo Artist & Illustrator Wiji Lacsamana Believes Closer Collaboration is the Future: #ATimeForHOPE Special Feature
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? Withholding Tax Forms Percentage Tax Form Income Tax Return Form Documentary Stamp Tax Form 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… Read MoreWhat You Need to Know About The New BIR Forms in 2019
What are some business trends to look out for this 2019? Personal marketing Online subscription services Niche products Online reviews Corporate social responsibility 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… Read More2019 Business Trends to Look Out For
What are the top skills freelancers should learn in 2019? Time and resource management Networking with freelancers Using technology to streamline processes Legislative knowledge Pitching to clients Freelancing is challenging, mainly because of one thing: you are on your own. You have to produce satisfactory outputs for your customers. You… 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? Some products have been recently exempted from VAT. 54 out of 61 special laws with non-essential VAT exemptions have been repealed. The government is stricter with enterprises filing for VAT zero rating. Changes in the VAT refund system. The Philippines has one… Read MoreHow VAT is Improved Because of the TRAIN Law