Buying a property is one of the hallmarks of adulthood. In the Philippines, where the concept of homeownership is deeply ingrained in our culture, buying property is often seen as a significant milestone. However, it’s not a decision to be taken lightly. Before you take the plunge into real estate,… Read MoreReady 2 Adult? Things to Consider When Buying a Property
Seven years ago, a real-world problem persisted into our personal lives. You probably have heard the story: my life partner (and Taxumo co-founder) Ginger was having a problem managing taxes for her business. It was something that took so much of her time that it drained her energy away from… Read MoreTaxumo’s 7th Birthday Blog
Netflix has become more than just a streaming platform for entertainment; it’s increasingly offering thought-provoking and educational content. One such gem is “How to Get Rich,” a documentary by personal finance expert Ramit Sethi. While it may not be your typical Netflix binge-watch material, it’s an eye-opening and educational journey… Read MoreWhy You Should Watch Netflix’s “How to Get Rich” by Ramit Sethi
A Guide for Self-Employed, Professionals, and Freelancers You may wonder what’s next after paying your SSS contributions and where they are distributed to? Let’s take a look into the allocation of SSS contributions and shed light on how your contributions support the various benefits and services provided by the SSS.… Read MoreI Now Have SSS… Where Do My SSS Contributions Go?
As a business owner, you’re definitely familiar with the signage that you hang in your business premise. But have you heard of the big change that’s happened? If not, don’t worry, we’ve got you covered! You may know that BIR has issued RMO No. 43-2022 stating that a new format receipt notice… Read MoreBIR extends deadline for NIRI (Notice to Issue Receipt/Invoice Sign)
You’ve exchanged vows, cut the cake, and danced the night away. But before you ride off into the sunset as a happily married couple, there are a few tax changes you need to be aware of as Filipino citizens. Don’t worry, we’ve got you covered! Here’s a Buzzfeed-style guide to… Read MoreTax Changes 101: What Filipino Couples Need to Know After Saying ‘I Do’
As Filipino taxpayers, it is essential to have a clear understanding of the Bureau of Internal Revenue (BIR) forms that pertain to our tax obligations. In this blog, we will discuss BIR Form 2551Q and 2550Q, their significance, and how they relate to our tax responsibilities. It is important… Read MoreWhat You Must Know About BIR Form 2551Q and 2550Q (With FREE Tax Guide)
Starting freelancing? As a freelancer starting out in the Philippines, it’s important to understand your financial responsibilities, including the monthly contributions to government-mandated programs like the Social Security System (SSS), Pag-IBIG Fund, and the Philippine Health Insurance Corporation (PhilHealth). To ensure accuracy, let’s refer to the latest information provided by… Read MoreStarting Freelancing in 2023? Know Your Monthly Payments for SSS, PAG-IBIG, and PhilHealth
As responsible Filipino taxpayers, it’s important for us to understand what to do once the tax season comes to an end. Completing certain tasks after filing your tax returns can help ensure compliance and maintain a smooth financial journey. In this blog, we will provide you with a post-tax season… Read MoreTax Season is Over, Now What? A Post-Tax Season Checklist for Filipino Taxpayers
Taking on freelance work is such an exciting venture. Not only does it increase your income potential but it also expands your skillset. We’ve talked to many freelancers, and most of them made a real sustainable career out of it. Here are some of the questions they wish they knew… Read MoreTaking on Freelance Work? Things You Need to Know to Get Started