Imagine a simplified tax system for specific transactions in the Philippines – that’s the essence of Percentage Tax (PT). It applies a flat rate of 3% directly on your gross sales or receipts, instead of the usual income tax rates. Understanding who needs to file this type of tax can… Read MorePercentage Tax in the Philippines: What It Is and Who Files It
Understanding the different types of taxes: In the Philippines, there are different types of taxes such as income tax, value-added tax (VAT), estate tax, and donor’s tax. Understanding these taxes and their corresponding rates can help you plan your finances better. Taxable income: Taxable income is the amount of income… Read MoreThese Are the Tax Tips You Wish
They Taught You in School
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?
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
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
2023 New BIR Rules for BIR Form 2500M (Monthly VAT Returns): What You Need to Know The New Year is shaping up to be a year of positive change as the BIR reports simpler VAT filing requirements for taxpayers. Here’s a rundown of how this change will affect you: The… Read MoreVAT Filing 2023 Update
It wasn’t all sunshine and rainbows for Julian Cañita when he decided to live abroad with his wife. Struggling to find a stable job then, he had to step up his game and hone more skills to succeed in the demands of tomorrow. That was when he discovered digital marketing.… Read MoreTaxumo Heroes: Julian on Self-Growth and Helping Other Businesses Grow
What are the best bookkeeping tips for self-employed individuals? One of the biggest walls that self-employed individuals often run into is handling their finances. It’s more than just filing and paying their taxes – because those in the Philippines can use an online tax calculator for that – but the… Read More5 Bookkeeping Tips for Those who are Self-Employed
For Filipino freelancers, taking the leap from their corporate jobs into the wild world of online freelancing can be a daunting start to a rewarding career.
Luckily, it’s not as scary as it used to be. Many freelancers will not face the same problems that those who started years back had encountered, thanks to the web-based freelance mentoring platform Online Jobs University.
Below, we get to know more about Genesis, the founder of Online Job University, and his precious advice for Filipino freelancers, and just about everybody who wants to pursue their passion and make a difference:
Read MoreTaxumo Heroes: Genesis Shares His Winning Advantage to Filipino Freelancers
It wasn’t always living a life he truly wanted for himself.
Before Raffy Vicente set out to build his own consultancy firm, he was working full-time as an employee for almost a decade.
He yearned for something more fulfilling, career-wise: a level-up of some sort. That was the time he decided that it was time for a change.
But while it was the desire for freedom that had made him leave, it was ultimately his burning passion and relentless drive that eventually built and grew his company, RV Marketing Services.
Below, Raffy recounts his rewarding journey from leaving the corporate world to joining the growing pool of successful entrepreneurs who continue to defy their comfort zones, in the name of following and living out their passions:Read MoreTaxumo Heroes: Why Paying His Income Tax Won’t Stop Raffy from Pursuing His Passion