No need to worry as a confused, medical practitioner. Our brief yet comprehensive guide will walk you through the most crucial things you need to take note of, as you establish your own medical practice. To find out how, keep reading. What are some important things to note when starting… Read MoreThings to Note When Starting a Medical Practice in the Philippines
What are the different kinds of withholding tax in the Philippines? Withholding tax on compensation Expanded withholding tax Final withholding tax Many Filipinos receive huge help from tax calculators in the Philippines. These tools allow them to correctly compute the taxes they owe the government. But only a few… Read MoreGain an Understanding of the Different Withholding Taxes
The painstaking BIR filing process is a lot to handle, especially so as a doctor with overwhelming obligations inside and outside of your work. To make things easier, more bearable, and less time-consuming, we will walk you through all that you need to know about ITR filing as a doctor/physician. Keep… Read MoreHow to File Income Tax Return as a Physician/Doctor?
What are the different business structures that can affect your tax computations in the Philippines? Sole proprietorship Partnership Corporation Capital, location, and product are some of the things you have to consider when starting your own business. Each of them has the capacity to affect your tax computations in… Read MoreUnique Legal Structures and Tax Computations in the Philippines
What to Know About the CREATE Act (formerly known as the proposed TRABAHO/TRAIN Law)? Decrease corporate income tax Regulate fiscal incentives Attract better and high-quality opportunities Since the first package of the previous administration’s Comprehensive Tax Reform Program (CTRP) was passed into law. The Tax Reform for Acceleration and Inclusion… Read MoreCREATE Act (Formerly TRABAHO/TRAIN Law Package 2)
In the freelancing world, the BIR Form 2307 is a common sight. It is one of the most important forms that a freelancer will encounter since they are required to attach it with their 1701 or 1701Q form. One of the many reasons why this form is needed is because… Read MoreAll the Basic Stuff You Need to Know About Your BIR Tax Form 2307
In what ways can you make filing your taxes easier? Keep track of all your tax documents Make use of tax filing software Manage your time wisely Separate your personal and professional expenditures Only a handful of people are able to say that they genuinely enjoy filing their taxes. Others… Read MoreAll You Need to Know to Make Filing your Taxes Easier
What do online freelancers struggle with the most? Discipline and time management Client demands and requirements Financial knowledge and management Work-life balance Becoming an online freelancer has become widely accepted. As more people prefer the comfort of their homes or coffee shops instead of a corporate office, the freelancing route… Read MoreThe Struggles of Being an Online Freelancer in the Philippines
What mistakes should be avoided when filing freelance taxes in the Philippines? Presenting incomplete and incorrect data Miscalculating the tax due Not declaring every income earned Missing the deadline Filing taxes as a freelancer in the Philippines can be difficult and confusing. Plus, the introduction of the TRAIN law certainly doesn’t help… Read MoreTax Filing 101: 4 Mistakes You Shouldn’t Make
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
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