It’s the most wonderful time of the year! Are you ready for it? It’s beginning to look like the best season is about to come. Wait, we’re not talking about the upcoming holidays: we meant the filing of the last BIR Form 1701Q at the end of every year, which… Read MoreBIR Form 1701Q: What, How, When? Send Help!
You’ve exchanged vows, cut the cake, and danced the night away. But before you ride off into the sunset as a happily married couple, there are a few tax changes you need to be aware of as Filipino citizens. Don’t worry, we’ve got you covered! Here’s a Buzzfeed-style guide to… Read MoreTax Changes 101: What Filipino Couples Need to Know After Saying ‘I Do’
As Filipino taxpayers, it is essential to have a clear understanding of the Bureau of Internal Revenue (BIR) forms that pertain to our tax obligations. In this blog, we will discuss BIR Form 2551Q and 2550Q, their significance, and how they relate to our tax responsibilities. It is important… Read MoreWhat You Must Know About BIR Form 2551Q and 2550Q (With FREE Tax Guide)
Why Taxumo is a Game-Changer for Online Tax Filing Services in the Philippines Professionals, sole proprietors, and corporations across the Philippines are choosing Taxumo for a reason. As the leading provider of online tax filing services in the Philippines, Taxumo is renowned not just for its efficiency but for a… Read MoreDiscover the Unmatched Benefits of Taxumo’s Features
Doing good is rewarding. But did you know that it can also help lower your taxes? Maximize your contributions and learn more about Donors tax in the Philippines. Charitable contributions don’t just make a significant impact on the lives of those in need; they can also offer financial benefits to… Read MoreUnderstanding Donors Tax in the Philippines
Understanding the different types of taxes: In the Philippines, there are different types of taxes such as income tax, value-added tax (VAT), estate tax, and donor’s tax. Understanding these taxes and their corresponding rates can help you plan your finances better. Taxable income: Taxable income is the amount of income… Read MoreThese Are the Tax Tips You Wish
They Taught You in School
Starting a business can be exciting, but it can also be overwhelming. Most of us don’t know the concrete steps to register a business. In this blog post, we will discuss the basics of business registration in the Philippines and provide reliable sources for more information. First and foremost, it’s… Read MoreIt’s 2023: Do You Still Need to Leave Your House to Register a Business?
The Bureau of Internal Revenue (BIR) requires individuals and businesses to file various tax forms throughout the year. The specific forms required to be filed will depend on a number of factors, including the type of taxpayer, the nature of their income, and the period being reported. For Q2 of… Read MoreThe Complete List of BIR Forms You Need to Know for the 2nd Quarter of 2023
YES! In this blog, you will have two (2) key takeaways; The advantages of filing your Annual Income Tax Return in advance The quick and more affordable way of filing Annual Income Tax Return As a Filipino taxpayer, it’s important to understand the advantages of submitting your Annual Income Tax… Read MoreIs There a Quick and Easy Way to File My Annual Income Tax Return in Advance?
Transitioning between jobs can be an exciting phase, filled with new challenges and opportunities. If you’re among those who embarked on new career paths in 2022, understanding your tax obligations is crucial to staying compliant. This article is tailored specifically for Filipinos who switched jobs last year, guiding you through… Read MoreSwitched Jobs Last Year? Pay your Taxes using 1700