Life gets busy, and with so many things to juggle—work, family, bills—it’s easy to forget about taxes. But missing tax deadlines can lead to penalties, stress, and unnecessary expenses. That’s why staying on top of your taxes isn’t just about compliance—it’s also a smart financial habit. So how do we avoid… Read MoreWhy Tax Filing Deadline Reminders Keep You Financially on Track
Needless to say, running a business in the Philippines comes with a number of complex, complicated, and unique financial challenges—from managing taxes to keeping track of daily expenses, to name a few. So, whether you’re a small business owner, freelancer, or running a growing enterprise, having an efficient accounting system… Read MoreWhich Accounting Tools Work Best for Filipino Business Owners?
Starting a business is exciting. You have a great idea, the drive to make it happen, and a vision of success. But learning how to run a business successfully isn’t just about selling products or offering services—it’s also about managing finances, operations, and, most importantly, paying taxes. Many business owners tend to… Read MoreHow to Run a Business and Deal with Taxes: Tips from Entrepreneurs
Starting a new business is exciting, but dealing with the BIR requirements for new business can feel overwhelming. But gone are the days of doing everything manually or the traditional way! BIR registration is now possible online with Taxumo, making the entire process quicker and easier. Before you begin, it’s important to know if… Read MoreHow Taxumo Helps with BIR Requirements for New Business
Taxes are the lifeblood of the State, empowering the government and its agencies to operate effectively and fulfill their responsibilities for the welfare of the people. In essence, the system of taxation embodies the principle of reciprocity: what the citizen contributes through taxes is reinvested to improve society. As the… Read MoreWhat Business Owners Should Know About VAT in 2025
The 2303 BIR Form, also known as the Certificate of Registration (COR), is a vital document issued by the Bureau of Internal Revenue (BIR) in the Philippines. This document officially registers an individual or entity as a taxpayer, outlining key tax obligations and serving as proof of compliance with government… Read MoreUnderstanding the 2303 BIR Form: A Guide to the Certificate of Registration in the Philippines
In the digital age, selling online provides wide of opportunities for entrepreneurs. Whether you’re using social media platforms or e-commerce giants like Lazada and Shopee, understanding the taxes of your business activities is crucial. This guide will cover essential steps for registering as either a sole proprietor or a corporation… Read MoreOnline Sellers Taxes: A Comprehensive Guide
We all want to start the year well, so to kick off 2025 to a good start, business owners, employees, and freelancers must stay updated on the latest BIR tax table and government contributions. These updates will help you understand how to plan better this year to keep your finances… Read MoreBIR Tax Table and (SSS, Philhealth, & Pag-ibig) Contribution Updates for 2025
Before concluding 2024, here are the key taxation changes in the Philippines that every business should know before entering 2025. The year 2025 is poised to usher in significant developments in Philippine taxation, which is reflective of the government’s ongoing efforts to streamline tax administration, stimulate economic growth, and promote… Read MoreTaxation in the Philippines: What to Expect in 2025
It’s time to fine-tune your business strategies and set yourself up for financial success as the new year approaches. From saving on taxes to strategizing better financial habits, these practical steps will help you make smarter money moves that will surely keep your business successful. Plan for Taxes to Save… Read MoreNew Year, New Success: Prepare Your Business for 2025