A Guide for Self-Employed, Professionals, and Freelancers You may wonder what’s next with paying your contributions to SSS and where they are distributed to. Let’s take a look into the allocation of SSS contributions and shed light on how your contributions support the various benefits and services provided by the… Read MoreI Now Have SSS, Where Does My Contribution Go To?
It’s that time of the year again! Time to start preparing for your annual income tax return. Filing your taxes can be overwhelming, but it’s an important responsibility as a citizen. This year, the deadline for filing your income tax return in the Philippines is April 15, 2023. In this… Read MoreYour 2023 Guide to Master Annual Income Tax Return Filing in Under 5 Minutes
Hello, April! April is also one of the busiest months here at the Taxumo Headquarters. And, you probably know the reason why. Everyone’s scrambling and asking us how to prepare, file and pay for their Annual Income Tax. With this, to help you understand the 101s on filing your Annual… Read MoreHow to File Your Annual ITR (1701 or 1701A or 1700) Using Taxumo
Seven years ago, a real-world problem persisted into our personal lives. You probably have heard the story: my life partner (and Taxumo co-founder) Ginger was having a problem managing taxes for her business. It was something that took so much of her time that it drained her energy away from… Read MoreTaxumo’s 7th Birthday Blog
Netflix has become more than just a streaming platform for entertainment; it’s increasingly offering thought-provoking and educational content. One such gem is “How to Get Rich,” a documentary by personal finance expert Ramit Sethi. While it may not be your typical Netflix binge-watch material, it’s an eye-opening and educational journey… Read MoreWhy You Should Watch Netflix’s “How to Get Rich” by Ramit Sethi
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)
You’ve exchanged vows, cut the cake, and danced the night away. But before you ride off into the sunset as a happily married couple, there are a few tax changes you need to be aware of as Filipino citizens. Don’t worry, we’ve got you covered! Here’s a Buzzfeed-style guide to… Read MoreTax Changes 101: What Filipino Couples Need to Know After Saying ‘I Do’
As Filipino taxpayers, it is essential to have a clear understanding of the Bureau of Internal Revenue (BIR) forms that pertain to our tax obligations. In this guide, we will discuss BIR Forms 2550Q and 2551Q, their significance, and how they relate to our tax responsibilities. It is important to… Read MoreEverything You Need to Know About BIR Form 2550Q and 2551Q
As a freelancer starting out in the Philippines, it’s important to understand your financial responsibilities, including the monthly contributions to government-mandated programs like the Social Security System (SSS), Pag-IBIG Fund, and the Philippine Health Insurance Corporation (PhilHealth). To ensure accuracy, let’s refer to the latest information provided by the respective… Read MoreStarting Freelancing in 2023? Know Your Monthly Payments for SSS, PAG-IBIG, and PhilHealth
As a responsible Filipino taxpayer, it’s important to understand what to do once the tax season comes to an end. Completing certain tasks after filing your tax returns can help ensure compliance and maintain a smooth financial journey. In this blog, we will provide you with a post-tax season checklist,… Read MoreTax Season is Over, Now What? A Post-Tax Season Checklist for Filipino Taxpayers
Taking on freelance work is such an exciting venture. Not only does it increase your income potential but it also expands your skillset. We’ve talked to many freelancers, and most of them made a real sustainable career out of it. Here are some of the questions they wish they knew… Read MoreThinking of Taking on Freelance Work? These Are the Things You Need to Know to Get Started
First things first, congratulations! We salute you for thinking of expanding your income potential by starting a small business. There’s a lot of work that goes into running a business. But before you get to the nitty gritties of daily operations, let us equip you with the necessary pre-work to… Read MoreI Am an Online Seller. Is There a Way to Make Business 100% Legit?