Jumping into entrepreneurship isn’t easy. While it’s easy to glamorize successful business owners, we often don’t see the struggles they had to endure. That’s why, for Taxumo’s 4th anniversary, we decided to ask this one question from our users: What is one piece of advice that you would like to… Read MoreTaxumo Customers of the Week: 5 Inspiring Advice from 5 Inspiring Entrepreneurs
In this article, we will talk about the Revenue Memorandum Circular No. 60-2020. This memo details the obligations that business owners need to comply with when they are conducting their business using electronic platforms. Read through as we flesh out the details of the memo. What is the purpose of… Read MoreWhat You Need to Know About RMC No. 60-2020
Tattoo artist, illustrator, and Taxumo community member Wiji Lacsamana envisions a brighter future after the Covid-19 pandemic, and muses on how we can pick ourselves up from this challenge, and take the opportunity to create a better world. She shares her story below: I am Wiji Lacsamana, 35, based in… Read MoreFreelance Tattoo Artist & Illustrator Wiji Lacsamana Believes Closer Collaboration is the Future
SMEs are mostly hit during a time of crisis – whether it’s economic or health in nature. For one, the Coronavirus pandemic has prompted the government to extend the Luzon lockdown. Add to that is the challenge to file and pay the annual income tax return or ITR on time.
Read MoreHow to Make your Business Covid-19 Proof (And Still Pay Your BIR Annual Income Tax)
In our organization, we always have exercises on goal planning. We love thinking about how we could have done things differently and how we could do things better moving forward. And with all of these business introspection, what we have constantly done is to finish our year strong! The #FinishStrong… Read More#FinishStrong: Ending your Business Year Right (and Filing your Annual ITR on time!)
In this episode of Tax Tips Tuesdays, Ej and Ginger Arboleda and Marv de Leon discuss how to register your business as a professional (from doctors, lawyers, dentists, photographers, wedding planners to freelancers). In particular, they answer this question from a viewer: “If I have a small business that is… Read MoreHow to Register Your Business as a Professional (Tax Tips Tuesdays Ep. 2)
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