BIR Form 1604E is also know as your Annual Information Return of Creditable Income Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Taxes. Sounds like a mouthful, right? Now let’s dissect that one by one. Withholding tax, in a nutshell, is the income tax liability deducted by the withholding agent… Read More »What You Need to Know About the New Expanded Withholding Tax (BIR Form 1604E)
What do online businesses need to know about VAT? Which businesses need to pay 12% How to register for VAT Businesses need to give official receipts People have been buying more of their needs from online businesses because of their convenience. You can simply check out the offerings of different… Read More »What Online Businesses Need to Know About VAT
Hi, everyone! We just want to make a quick announcement. As most of you would know, the Annual Income Tax Return Deadline for 2018 (previous year) will be on April 15. Taxumo’s deadline is earlier and our deadline will be on April 10. As of now, we are still waiting… Read More »File and Pay your Income Tax Return for 2018 (1701) via Taxumo!
What business opportunities can you start under a million pesos? Thrift Shop Photography Baked goods Some people are much better off working as a freelancer or owning their own company. If you feel like you have an enterprising spirit, it would be good to know that running your own business… Read More »What Business Opportunities Can You Start Under a Million Pesos?
Which outsourced services will improve your freelancing? Web Development Tax Computation Sales Lead Generation Virtual Assistants As a freelancer, it can be difficult to run your business as a one-man team. You have to worry about accomplishing the requests of your customers. But you also have to worry about finishing… Read More »Which Outsourced Services Will Improve Your Freelancing?
How do you become financially stable as a private medical practitioner Prioritize taxes Give official receipts Get insured As a medical practitioner, you have to put the lives of patients above yours. Because of this, you may have a hard time taking care of yourself physically, emotionally, and most of… Read More »How to Be Financially Stable as a Private Medical Practitioner
What do you need to know about the new BIR Forms? Withholding Tax Forms Percentage Tax Form Income Tax Return Form Documentary Stamp Tax Form Thanks to the Tax Reform for Acceleration and Inclusion (TRAIN) law, the government has taken the time to make changes to the old tax BIR… Read More »What You Need to Know About The New BIR Forms in 2019
Whether you’re a freelancer or a business owner, obtaining a BIR registration certificate is a must for you. Also known as BIR Form 2303 and Certificate of Registration (COR), this type of document gives you the legal rights to operate your business in the Philippines. All professionals licensed by the Philippine… Read More »BIR Certificate of Registration Guide: What is Form 2303 and Why Do You Need It?
As a freelancer or business owner, filing your taxes is one of the most important things that you need to accomplish. And in this digital era, you can easily accomplish this with the BIR online registration via eServices. How do I file taxes online? If you want to file taxes online, you… Read More »BIR Online Registration and Tax Filing Under TRAIN
There’s nothing more liberating than becoming a bonafide freelancer or business owner. But with great freedom comes big responsibilities, and one of them is settling your income tax in the Philippines. You might get the feeling that filing taxes may not apply to you anymore since you’re no longer working… Read More »Why Freelancers and Solopreneurs Need to Pay Income Tax in the Philippines