Starting a business can be exciting, but it can also be overwhelming. Most of us don’t know the concrete steps to register a business. In this blog post, we will discuss the basics of business registration in the Philippines and provide reliable sources for more information. First and foremost, it’s… Read MoreIt’s 2023: Do You Still Need to Leave Your House to Register a Business?
The Bureau of Internal Revenue (BIR) requires individuals and businesses to file various tax forms throughout the year. The specific forms required to be filed will depend on a number of factors, including the type of taxpayer, the nature of their income, and the period being reported. For Q2 of… Read MoreThe Complete List of BIR Forms You Need to Know for the 2nd Quarter of 2023
Not to toot our own horn, but Filipino taxpayers like us — they really like us! Currently, there are over 80,000 people who use Taxumo and over almost 40% of those are women! They have the convenience to do taxes while on vacation! Below are some of the reasons why… Read MoreDo Taxes While on Vacation
YES! In this blog, you will have two (2) key takeaways; The advantages of filing your Annual Income Tax Return in advance The quick and more affordable way of filing Annual Income Tax Return As a Filipino taxpayer, it’s important to understand the advantages of submitting your Annual Income Tax… Read MoreIs There a Quick and Easy Way to File My Annual Income Tax Return in Advance?
The allure of freelancing has captivated many in the Philippines, marking a significant shift towards flexible, autonomous work. As technology and digital connectivity flourish, the role of the Filipino Freelancer has emerged as a promising career path for those seeking both freedom and opportunity. Unparalleled Flexibility and Global Opportunities One… Read MoreShould You Really Explore Being a Filipino Freelancer?
Transitioning between jobs can be an exciting phase, filled with new challenges and opportunities. If you’re among those who embarked on new career paths in 2022, understanding your tax obligations is crucial to staying compliant. This article is tailored specifically for Filipinos who switched jobs last year, guiding you through… Read MoreSwitched Jobs Last Year? Pay your Taxes using 1700
It’s that time of year again where we start thinking about our annual income tax return. As a taxpayer in the Philippines, it’s important to know the different forms you may need to file to and to make sure you file your returns accurately and on time. Let’s go through… Read MoreThe Complete List of All the BIR Forms You Need to Know for Q1 & Q2 2023
It’s that time of the year again! Time to start preparing for your annual income tax return. Filing your taxes can be overwhelming, but it’s an important responsibility as a citizen. This year, the deadline for filing your income tax return in the Philippines is April 15, 2023. In this… Read MoreYour 2023 Guide to Master Annual Income Tax Return Filing in Under 5 Minutes
If you employ a few people, you know how much of a process it can be to file BIR Form 1601C every month. And the more employees you have, the more complicated it all gets. With MSMEs in the Philippines employing an average of 3 people per business, we decided… Read MoreDid You Know You Can File BIR Form 1601C via Taxumo?
If you’re a good employer, you’ve probably wondered a few things, such as: how can I keep being a good employer? Paying your employees fair wages, for one! But also, you need to think about employee-related tax payments. If by now you still haven’t quite figured out everything, don’t worry:… Read More3 Things Employers Need to Do for Year-End Tax Filing Compliance