As a freelancer or a sole proprietor, filing BIR forms and settling your taxes is your responsibility.
Knowing the right forms to secure and when they should be filed will save you from a lot of stress and penalties. So for today’s post, we’re giving you the ultimate list of BIR forms that every taxpayer should know.
Here we go.
What is this “withheld” amount? Why did my client not pay the full amount? What is this 2307? Is this the “ITR”? When you get your check from your client and, specially, if this is the first you’re getting paid, you probably have these questions in mind. So let us help you understand how withheld taxes work in the PH context. In this article, we’ll share the updated withholding tax table 2018 specifically for Freelancers and Professionals (not employees).
Whether you’re a freelancer or a new entrepreneur flying solo, sooner or later as your business grows, you may want to consider hiring employees. And when you do hire your first employee, you would have to start thinking about payroll, and payroll tax rates.
For both aspiring and existing business owners, 2018 comes with big changes specifically with implementation for payroll taxes. When it comes to handling payroll, it’s important to understand the current payroll tax rates. Not all employees under an organization have the same salaries and there are those who have different tax brackets as well. Meaning, each individual can have varying tax rates depending on their job position and company.
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 be comfortable and feel emotionally and mentally healthy? A space that boosts clarity, creativity, and productivity? A place that encourages collaboration and trusting relationship with your colleagues and clients?
So you’ve been running Facebook ads for quite some time now, either for your business or your client’s. Hopefully, it’s been going great for you.
If you haven’t started yet, read “What You Basically Need to Know About Facebook Ads.”
Once you find winning campaigns which get you your objective at a low cost, it’s time to level up those campaigns by scaling them.
Scaling generally refers to making something bigger than it currently is. In this context, scaling your Facebook ads refer to improving your results through different strategies which are aimed at gaining more leads, customers, and sales.
Ready to start scaling out some of your campaigns? Here are 4 ways to do so, starting with the most obvious one:
As part of our mission to help you focus more on your passion, we at Taxumo will be inviting various experts here on our blog to guide you on how to grow your business effectively.
Below, digital marketing specialist Julian Cañita explains how Facebook advertising can be a great platform to reach your potential market.
I know a lot of people who are really great at closing sales.
Give them inquiries and they can convert a lot of them into clients and customers.
But for some, business still tends to be slow. This is because having a good success rate of closing leads is not much if there are very few inquiries. And this tends to be what a lot of business owners neglect or put on the backseat. They just wait for inquiries to come in as opposed to actively looking to connect with potential prospects themselves.
One way to get your business out there is through advertising. But a lot of small businesses don’t venture into advertising because the misconception is that advertising costs a lot.
The truth is, it doesn’t have to! Read More
As part of our mission to help you focus more on your passion, we at Taxumo will be inviting various experts here on our blog to guide you on how to grow your business effectively.
Below, digital marketing specialist Julian Cañita shares his expertise on Facebook advertising to help you grow your client’s business.
Are you a freelancer looking to get hired as a Facebook ads specialist?
Welcome to the club!
I’ve been that guy for the past two years, and the thing that’s helped me the most in landing my clients is my pleasing personality.
Just kidding.
When I pitch to clients, I tell them that my expertise is Facebook Ads and what I’ve done. But those are just words. They ask for portfolios.
The thing is, because of technicalities we do not need to get into in this post, I’m not able to show any of my previous work as a Facebook Ads specialist.
What I do instead is to conduct an audit of the potential client’s Facebook ad account. I ask for analyzer’s access, go through the ad account and map out what I plan to do for the business.
If you’re kind of in the same situation as I am and need help converting those prospects into clients, I’ll share with you how I do a quick Facebook Ads Audit.
As part of our mission to help you focus more on your passion, we at Taxumo will be inviting various experts here on our blog to guide you on how to grow your business effectively.
Below, digital marketing specialist Julian Cañita explains how Facebook ads can be a great platform to reach your potential market.
So you want to run Facebook ads for your business?
That’s great!
As a Facebook Ads Specialist, I understand the power of using the platform as a way to grow businesses and how effective it can be. So if you are just planning to start on using Facebook ads, this piece is for you!
In this quick guide, I’ll teach you the very basics of the Facebook ad platform so you can get started.
Before continuing, I would recommend that you access your Facebook ads manager account. Take a quick look around and even do some tests yourself. This will help you better understand the points I’m about to lay out.
Once you’ve done that, then we’re okay to proceed.
The BMBE Law (Barangay Micro Business Enterprise) (copy of the law here) has certainly come a long way.
If you had applied for it in 2013, you might have encountered staff and officers at the municipal hall’s business permits and licensing office blankly wondering what the heck are you applying for.
But now, it’s one of the first things small-scale entrepreneurs ask about.
There’s plenty of information online about the BMBE Law nowadays, so I won’t write anymore about the stuff you’ll find rewritten in various forms all over the Internet.
Instead, let’s talk about the nitty-gritties of the BMBE Law—the stuff you seldom hear about.
Read More
How withholding tax feels like, sometimes: someone taking a bite out of your favorite doughnut before you can eat it. (Then again, lessening calories can be good for you.)
If you’re a freelancer with local clients, you must be familiar with withholding tax.
Simply put, it’s the amount of money that your client deducts from the amount you’re supposed to receive. So if you’re expecting, say, Php 3,000, you might end up getting Php 2,700 instead.
Where did that missing Php 300 go?
It went to your withholding tax.