Freelancers and small business owners are not exempt from paying taxes. You also have to file and settle your tax forms, especially the BIR form 1701 (note that this is not the ONLY form that you need to file and pay for). The only difference from employees is that you… Read More »How to File The BIR Form 1701 and Settle Your Income Tax Return
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 More »How to File Your Annual ITR (1701 or 1701A or 1700) Using Taxumo
Managing employees in your business? You’d want to stay informed about the latest rules around Withholding Tax on Compensation.
Learn more here.
Taxation in the Philippines keeps undergoing major changes. And whether you’re handling your own taxes or not, it’s your responsibility to remain informed on how your taxes are being calculated. The TRAIN law, for one, has updated tax computations and filing. One change we’re highlighting today is the revised BIR… Read More »How to File BIR Form 2551Q (Quarterly Percentage Tax)
File BIR VAT forms 2500M and 2550Q online with Taxumo. No need to print forms or line up at a bank. Read our guide below to get started. BIR VAT forms 2550M and 2550Q applies to the sale or exchange of goods and services in the Philippines. Both forms serve… Read More »How to File BIR VAT Forms: 2550M and 2550Q Online
Labor day is all about fighting for fair working conditions. What better way to find that than by working on your own terms? Here are 5 ways you can start your journey to becoming self-employed.
Learn how you can start earning rewards when you refer Taxumo to your friends, colleagues, families, or anyone who wants to automate their taxes.
Has it ever happened to you: You agreed on a price for your services, then you find out that your client needs to withhold. Your client then presents you with a computation and you just say, Ok. For some reason it’s less than you expected but, hey, at least they… Read More »How to compute your fee if your client needs to withhold
Cryptocurrency Taxation is a hot topic in the country. Just this month, the Bureau of Internal Revenue (BIR) and the Department of Finance (DOF) both released statements on taxing cryptocurrencies. And, of course, this caused quite a stir in the crypto community. Hopefully, with the webinar and the article, we’re… Read More »Cryptocurrency Taxation in the Philippines: An In-Depth Guide
With the average person seeing between 6,000 and 10,000 ads a day, it becomes more difficult for brands to compete for attention online. This is why influencer marketing is a favorite tool for businesses in 2021. Influencers in the Philippines Dubbed as the “Social Media Capital of the World”, there’s… Read More »Top BIR-Registered Influencers in the Philippines
If you’re an influencer, you may have opened your phone this morning with news reports of BIR doubling down on your industry with RMC 97-2021. But there’s no need to worry, this article will help you ease your worries. What do you mean I have to pay taxes? There’s one… Read More »RMC 97-2021: How It Impacts Social Media Influencers