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 MoreHow to File a BIR Form 1700
Freelancers and small business owners are not exempt from paying taxes. You also have to file and settle your tax forms, especially the BIR form 1701 (note that this is not the ONLY form that you need to file and pay for). The only difference from employees is that you… Read MoreHow to File The BIR Form 1701 and Settle Your Income Tax Return
Hello, April! April is also one of the busiest months here at the Taxumo Headquarters. And, you probably know the reason why. Everyone’s scrambling and asking us how to prepare, file and pay for their Annual Income Tax. With this, to help you understand the 101s on filing your Annual… Read MoreHow to File Your Annual ITR (1701 or 1701A or 1700) Using Taxumo
In this article, we’ll talk about how to submit attachments to Annual ITR using eAFS. Submitting the attachments to your annual income tax return (ITR) is now more convenient thanks to the recently released AFS eSubmission Portal (aka eAFS) of the BIR! They announced it via RMC 049-2020 that details the… Read MoreHow to submit attachments to Annual ITR using eAFS
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 MoreFile and Pay your Income Tax Return for 2018 (1701) via Taxumo!
Self-employed professionals as defined by the BIR fall under two categories: (1) “persons who derive their income practicing their profession” like lawyers, and those registered with the Professional Regulation Commission (PRC) such as doctors, dentists, certified public accountants, and others; and (2) those “who pursue an art and make their… Read More4 Great Reasons Why Filing Taxes Will Benefit Your Life (For Self-Employed Professionals)