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
The past pandemic was a struggle for food cart businesses, with many having to close their doors when local governments enforced city-wide lockdowns. Two years and massive vaccine rollouts later; restrictions have begun to ease, opening the doors to tourists, public events, and mass gatherings. As the economy starts to… Read More »Registering Your Food Cart Business in the Philippines
After a 2-year bout with Covid-19, the Philippines now faces a new hurdle: paying off ₱12.3 trillion in debt. With the government incurring a ₱ 3.2 trillion bill for its pandemic response, it now needs to raise an additional ₱ 249 billion each year to meet its obligations. So, what’s… Read More »The Philippine Government’s Plan to Pay Off Debt
It wasn’t too long ago when people akin the word ‘job’ to office work. But as the internet progressed, so did work setups. Gone are the days where an individual’s only choice was to physically report to work. And while face to face jobs are still around today, many have… Read More »How to Get Started as Gig Worker in the Philippines
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.