In this inaugural episode of Tax Tips Tuesdays Episode 1, husband & wife/co-founders of Taxumo.com, Ej and Ginger Arboleda talk about the advantages of being a sole proprietor in the Philippines — in terms of business structure as well as taxes. When do we need to register as a Sole… Read MoreThe Advantages of Being a Sole Proprietor in the Philippines
In the past few years, as the economy becomes ever more global and diversified, freelancing has experienced significant growth. Recent technological advances have made it much easier to become a freelancer, and for businesses to manage the freelance process. This ‘Gig Economy’ is a new name for a much older… Read MoreHere are the Things You Should Know If You Want to Hire a Freelancer
The world of startups, often one of the most exciting places to be for many young professionals—with all the cool perks and benefits, flexible schedule, open office environment, a lot of room for learning, and a relaxed atmosphere—there seems to be nothing to dislike. What is little known are the… Read MoreStarting a Startup: Essential Tips to Follow in the Philippines
There’s nothing more liberating than becoming a bonafide freelancer or business owner. But with great freedom comes big responsibilities, and one of them is settling your income tax in the Philippines. You might get the feeling that filing taxes may not apply to you anymore since you’re no longer working… Read MoreWhy Freelancers and Solopreneurs Need to Pay Income Tax in the Philippines
Freelancing can be a life-changing experience. You get to enjoy cool perks like having control over your income and independence. But when it comes to BIR online filing, you might have lots of questions to ask. Registering your gig with the BIR is an absolute must if you want your career… Read MoreBIR Online Filing Guide: How Filipino Freelancers can Register for Taxes
If you have mixed earnings or a side gig on top of your regular job, you might be wondering how you should file your taxes to bir.gov.ph. Mixed income earners are simply those who receive income from several sources. This includes your employee salary, business earnings, or gross receipts from… Read MoreMixed Income Earner: How to Declare Your Taxes to BIR
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
Seven out of 10 businesses fail within 10 years. Sounds alarming, right? The statistic strongly resonates with Asian startups, especially in Singapore, Malaysia, and the Philippines where failure is a major cultural taboo. A CB Insights analysis found that the top reason why businesses fail (according to 42% of startup… Read MoreA 7-Step Guide on How to Validate Your Business Idea
Throughout the years, changes have been implemented to the country’s tax systems to ensure fairness and efficiency. In addition to updating guidelines for tax filing, the Bureau of International Revenue (BIR) has introduced new forms as well. Today, we’re highlighting one of the latest forms introduced by the BIR: Form… Read MoreAll You Need to Know About BIR Form 0619E (Updated 2022)
In what ways can you make filing your taxes easier? Keep track of all your tax documents Make use of tax filing software Manage your time wisely Separate your personal and professional expenditures Only a handful of people are able to say that they genuinely enjoy filing their taxes. Others… Read MoreAll You Need to Know to Make Filing your Taxes Easier