First off, congratulations! You are now collecting taxes on behalf of the BIR through expanded withholding tax. Granted, you probably didn’t really have a choice but, fret not: compliance to this tax type is not as hard as you think. And with some tools (*cough*Taxumo*cough), it’s not much more effort!… Read MoreMaking Sense of Expanded Withholding Tax – Forms 2307, 0619E, 1601EQ, and the QAP
Contemplating if a Self-employed professional like you should pay taxes? 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;… Read More4 Great Reasons Why Filing Taxes Will Benefit Your Life (For a Self-Employed Professional)
When should you consider hiring a tax professional? When you are new to filing taxes When you are earning more When you have a complicated financial situation With many online services like online tax calculators Philippines and tax management software, people now have many ways to do their taxes. This… Read MoreTop 3 Reasons When Hiring a Tax Professional Makes Sense
What are the best bookkeeping tips for self-employed individuals? One of the biggest walls that self-employed individuals often run into is handling their finances. It’s more than just filing and paying their taxes – because those in the Philippines can use an online tax calculator for that – but the… Read More5 Bookkeeping Tips for Those who are Self-Employed
What are the guidelines that you should follow in filing freelance tax in the Philippines? Check and see if you are exempted from filing and paying your taxes Register with the BIR Prepare the necessary documents The Philippines is home to many homegrown talents in various other industries. According… Read MoreQuick Guidelines in Filing Freelance Tax in the Philippines
What are the things Fresh Grads need to know about tax filing in the Philippines? Relevant Terms and Provisions on Tax Filing Process of Tax Filing in the Philippines Computing Taxes using a Tax Calculator Fresh graduates always hear the phrase, “Welcome to the real world!” But what those people… Read MoreWhat Fresh Grads Need to Know About Tax Filing in the Philippines
How can you avoid delays in filing freelance tax in the Philippines? Register before you start being a freelancer Improve your tax knowledge Use an online tax calculator to compute your taxes and file them on time People, who earn income, manage their own business, transfer personal or real… Read MoreHow to Avoid Delays in Filing Freelance Taxes in the Philippines
Read MoreTax Filing in the Philippines: Choosing Graduated Rate or 8% Threshold Rate
As a freelancer or a sole proprietor, filing BIR forms and settling your taxes is your responsibility.
Knowing the right forms to secure and when they should be filed will save you from a lot of stress and penalties. So for today’s post, we’re giving you the ultimate list of BIR forms that every taxpayer should know.
Here we go.
Read MoreA Comprehensive Guide to BIR Forms for Freelancers and Sole Proprietors
What is this “withheld” amount? Why did my client not pay the full amount? What is this 2307? Is this the “ITR”? When you get your check from your client and, specially, if this is the first you’re getting paid, you probably have these questions in mind. So let us help… Read MoreWithholding Tax Table 2018 for Freelancers / Professionals