Has it ever happened to you: You agreed on a price for your services, then you find out that your client needs to withhold. Your client then presents you with a computation and you just say, Ok. For some reason it’s less than you expected but, hey, at least they… Read More »How to compute your fee if your client needs to withhold
Cryptocurrency Taxation is a hot topic in the country. Just this month, the Bureau of Internal Revenue (BIR) and the Department of Finance (DOF) both released statements on taxing cryptocurrencies. And, of course, this caused quite a stir in the crypto community. Hopefully, with the webinar and the article, we’re… Read More »Cryptocurrency Taxation in the Philippines: An In-Depth Guide
With the average person seeing between 6,000 and 10,000 ads a day, it becomes more difficult for brands to compete for attention online. This is why influencer marketing is a favorite tool for businesses in 2021. Influencers in the Philippines Dubbed as the “Social Media Capital of the World”, there’s… Read More »Top BIR-Registered Influencers in the Philippines
If you’re an influencer, you may have opened your phone this morning with news reports of BIR doubling down on your industry with RMC 97-2021. But there’s no need to worry, this article will help you ease your worries. What do you mean I have to pay taxes? There’s one… Read More »RMC 97-2021: How It Impacts Social Media Influencers
There is a misconception that you only have to file your income tax returns annually in the Philippines, but this is not the case. Both individuals (e.g., sole proprietors, freelancers, etc.) and non-individuals (corporations, partnerships, etc.) have to file quarterly returns as well. And, in this guide, we’ll discuss how… Read More »BIR Form 1702Q: The Complete Guide To Filing
When someone mentions Income Tax, the first thing that pops up in people’s heads is the Annual Income Tax Return which is filed each year on April 15. But, sometimes taxpayers often forget that they will also need to file income tax quarterly through BIR Form 1701Q What is BIR… Read More »How to File BIR Form 1701Q : A Step-by-step Guide for Self-Employed Individuals and Sole Proprietors
The BIR Form 1700 is the form you file as an employee earning PURELY from your employment. In this article, I’ll walk you through the basics and then into the nitty-gritty of filing this form. Why do I have to file my income tax? Isn’t my employer supposed to do… Read More »How to File a BIR Form 1700
Filing and paying taxes can be a dreading task, especially if you’re going to do it manually. Because of this, our government launched eFPS, a system that lets taxpayers file and pays their taxes online. The eFPS or Electronic Filing and Payment System is developed and maintained by the BIR.… Read More »How to File Your Taxes via eFPS
Since October 2014, filing tax returns through eBIRForms has become mandatory for non-eFPS (Electronic Filing and Payment System) taxpayers and Accredited Tax Agents. This is true whether or not they are going to use an online tax calculator in the Philippines. Take note, however, that Taxumo is a great alternative… Read More »How to Use eBIRForms to File Your Taxes Online
Congratulations! You’ve finally decided to resign from your job and go full time into your profession. Whether you’re going to become a freelancer, a licensed professional, or a small business owner, you’re now your own boss! Now to make sure that things are on the up and up, the first… Read More »How to Transfer Your RDO Using BIR Form 1905