What do you need to know about BIR Form 1901? The primary purpose of BIR Form 1901 The people who need to file BIR Form 1901 The steps you need to take to file the BIR Form 1901 Under the established TRAIN Law, all Filipino workers (aside from minimum-wage earners)… Read MoreA Comprehensible Guide for BIR Form 1901
Unsure how to start with the confusing and overwhelming BIR registration procedure? Worry no more. Our comprehensive 12-step BIR registration guide for doctors/physicians will run you through all that you need to know about tax filing and payment. But not just that, but a more convenient yet less time-consuming guide for you as a doctor/physician.
BIR registration can be a daunting process, so much so as a doctor/physician with overwhelming obligations. Considering the heavy demands of your profession, familial duties, and outside commitments, you have to improvise to keep up with your duty as a citizen. Furthermore, addeto that complication are the overwhelming procedures and inconsistent documentary requirements imposed by some BIR Revenue District Offices (RDOs). And this can be confusing for you, as a taxpayer. Nevertheless, registering your profession is necessary. More so, by registering, you get to fully benefit from self-employment in ways other than what you initially intended.
For this reason, we will run you through a detailed and comprehensive guide to assist you on how to register with BIR as a doctor/physician. This guide is applicable to all self-employed and mixed-employed doctors/physicians wanting to register with BIR. Other professionals and self-employed individuals can refer to this guide as well. Read on!
Your books of accounts will give you a clear image of how your business is doing today. Staying on top of your books of accounts will help you learn how to compute tax and run your business better. Knowing where your money goes will help you create effective business decisions.… Read MoreBookkeeping 101: A Guide for the Self-Employed
First off, congratulations! You are now collecting taxes on behalf of the BIR. Granted, you probably didn’t really have a choice but, fret not: compliance to this tax type is not as hard as you think. And with some tools (*cough*Taxumo*cough), it’s not much more effort! Now, before you proceed… Read MoreMaking Sense of Expanded Withholding Tax – Forms 2307, 0619E, 1601EQ, and the QAP
What are the best bookkeeping tips for self-employed individuals? One of the biggest walls that self-employed individuals often run into is handling their finances. It’s more than just filing and paying their taxes – because those in the Philippines can use an online tax calculator for that – but the… Read More5 Bookkeeping Tips for Those who are Self-Employed
Income Tax for 2018 in the Philippines has been an interesting space lately because of the TRAIN Law (aka R.A. 10963). For self-employed individuals, it has been of particular interest because they now have an option to avail of a simpler 8% Income Tax Rate Option. The BIR released Revenue… Read MoreHow to Avail of the 8% Income Tax Rate on Gross Sales/Receipts
Whether you are a business owner, freelancer or a professional, we all spend a significant amount of time at work and sometimes even more than we spend at home. With all the stress and challenges that comes with our work life, wouldn’t you want a work space where you can… Read MoreDe-cluttering Your Workspace: Why de-clutter your work space now (and how to get started)