Hey there, fellow hustler! Have you heard of the new BIR RMC No. 55-2024? Basically BIR granted extension to online sellers for tax compliance until July 14, 2024. Good news is you still have more time to figure out how to do your taxes, and the greater news is you… Read MoreBIR Tax Online Sellers – Is There An Easy Way To Do Taxes?
We get that it’s tiring to spend countless hours wrestling with paperwork and crunching numbers to file your annual income tax return. Especially if you’re doing traditional methods, this tedious and confusing process can easily overwhelm and stress you out. But there’s a better way for you to do taxes… Read MoreHow to File Your Annual Income Tax Return Digitally
In today’s digital era, the question “Do we need to register an online business?” frequently arises among aspiring entrepreneurs ready to capitalize on the vast opportunities of the digital marketplace. Operating an online store in the Philippines comes with its set of regulatory and tax obligations, similar to traditional businesses.… Read MoreDo We Need to Register an Online Business?
Planning a trip to Japan? The first step to your dream vacation is to get through the visa application process successfully. To help you do just that, here’s a detailed guide on the Japan visa requirements for Philippine passport holders, especially highlighting the needs for self-employed individuals and business owners.… Read MoreNavigating Japan Visa Requirements: Guide for Philippine Passport Holders
As a professional or business owner, understanding the intricacies of taxes that affect your earnings is crucial. One such tax that often prompts questions is the “professional fees withholding tax.” This withholding tax applies to earnings from professional services, and its management can significantly impact your financial health. Here’s everything… Read MoreNavigating Professional Fees Withholding Tax: A Comprehensive Guide with Taxumo
The Ease of Paying Taxes Law, or EOPT Law, has been a game-changer since its introduction. This law, formally known as Republic Act No. 11976, was officially enacted on January 5, 2024, marking a significant milestone in the world of tax compliance in the Philippines. By simplifying the process of… Read MoreUnderstanding the EOPT Law: Simplifying Tax Compliance
As April 15th swiftly approaches, a date well-known for the annual trip to the Bureau of Internal Revenue (BIR) looms for many Filipinos. But imagine a scenario where you could bypass the tedious queues, avoid the last-minute rush, and even enjoy some attractive financial benefits. This is the advantage of… Read MoreFiling Your Annual ITR Early: A Smart Move for 2024
A Guide to Filing Your 2024 ITR in the Philippines April 15th, 2024, may seem distant, but for tax-savvy Filipinos, it’s never too early to start preparing. This comprehensive guide to filing your 2024 ITR will set you on the path to a smooth and efficient tax season. Gear Up… Read MoreA Guide to Filing Your 2024 ITR in the Philippines
Most freelancers in the Philippines send us messages like the image above: they have no idea how to start turning their freelancing hustle into a legitimate business. If you’re a beginner freelancer, you understand perfectly well that the question of tax registration can feel like a hassle! But what… Read MoreWhy Is 2024 the Perfect Time to Go Legit as a Freelancer in the Philippines
The digital marketplace is an ocean of opportunity for Filipinos looking to express themselves and earn income online. It is ever-changing with the tides of technology and regulation. In this new environment, a new economy has definitely been created and with it comes regulations. A recent governmental update made its… Read MoreUnderstanding the 1% Withholding Tax on Online Sellers
Filing taxes and managing forms like the 2316 can often seem like a daunting task. Recognizing this challenge, Taxumo has innovated a simpler solution for you to effortlessly generate your Form 2316. Whether you’re an individual taxpayer or a business owner, this new feature streamlines the process, ensuring that tax… Read MoreCreate a 2316 Form: Made Easy with Taxumo’s New Feature
Navigating the complexities of payroll and tax compliance is a significant challenge for businesses. However, Taxumo’s Compensation Tab revolutionizes this process by offering a simplified solution to manage salaries and ensure adherence to the withholding tax on compensation regulations of the Bureau of Internal Revenue (BIR) with ease and efficiency.… Read MorePayroll and Tax Compliance streamlined with Taxumo’s Compensation Tab
In the realm of tax compliance in the Philippines, BIR Form 2551Q, known as the Quarterly Percentage Tax Return, plays a crucial role for self-employed individuals, professionals, and businesses. This guide delves into what BIR Form 2551Q entails, who needs to file it, and how to accurately compute and submit… Read MoreUnderstanding and Filing BIR Form 2551Q: A Guide for Filipino Taxpayers
Did you miss the Taxumo ITR deadline? Don’t worry, you can still file your Annual Income Tax. You can opt to use our Prepare Only feature. It’s still easy to file using Taxumo. What’s great about using Taxumo is that submitting your attachments via the Electronic AFS submission portal is… Read MoreMissed the Taxumo ITR Deadline?
With our many conversations with individuals, we are surprised that some of them don’t actually know if they are legitimately employed in the companies that they are working in. They would ask us, “how would you know if I am employed versus hired as an independent contractor?”. Aside from checking… Read MoreGuide on How to Get BIR 2316
In today’s financial landscape, the question “What does having good credit mean?” is more relevant than ever. Good credit is not just a number on a report; it’s a reflection of your financial health and reliability as a borrower. This article explores why it’s important to have good credit, the… Read MoreWhat Does Having Good Credit Mean for Your Financial Future?
Some of Taxumo’s users receive their income via Paypal. To use those funds, they need to transfer these funds from Paypal to a digital app like Gcash or Maya or to their bank accounts. In today’s digital age, transferring funds between different platforms has become a common necessity for freelancers,… Read MoreHow to Transfer Money from PayPal to GCash
Madalas na tanong ng mga bagong business owners, “Totoo ba na pag may DTI permit, masisilip agad ako ng BIR?” Upang bigyang linaw, atin pong talakayin ang isang kwento mula sa Davao na maaaring magbigay aral sa bawat isa. Isang araw, isang business owner ng ukay-ukay ang nagulat nang makatanggap… Read More“Masisilip Ba Ako ng BIR?” – Kahalagahan ng Pagrerehistro sa BIR
We know it must be hard to manually file for 2316 as an employer with employees. We understand the challenges that come with managing tax forms, especially when it involves Form 2316. But don’t worry! Taxumo is here to simplify the process for you. Generate Form 2316 with just a… Read MoreTax Filing Process for Form 2316 made easy with Taxumo