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Hiring a Freelance Accountant: Expectations & Responsibilities

In today’s dynamic business environment, hiring a freelance accountant has become a practical choice for many entrepreneurs and small business owners. The flexibility, specialized expertise, and cost-effectiveness of engaging a freelance Certified Public Accountant (CPA) can significantly benefit businesses at various stages of growth. However, knowing what to expect from… Read MoreHiring a Freelance Accountant: Expectations & Responsibilities

Understanding BIR Form 2316: A Guide to Employee Compliance in the Philippines

In the realm of business operations, understanding and managing tax obligations are crucial components of success and legal compliance. One essential document that plays a pivotal role in this process is BIR Form 2316. This form is integral for employers in the Philippines, serving as a certificate that details an… Read MoreUnderstanding BIR Form 2316: A Guide to Employee Compliance in the Philippines

BIR Form 2307: The Key to Proper Tax Credit for Filipino Professionals & Businesses

Would you agree to have taxes deducted from your earnings without any proof? Certainly not. But what exactly is BIR Form 2307, or the Certificate of Creditable Tax Withheld at Source? Surprisingly, many professionals and businesses are unaware of the critical role Form 2307 plays in their tax dealings. Professionals… Read MoreBIR Form 2307: The Key to Proper Tax Credit for Filipino Professionals & Businesses

A Guide to Loose-Leaf Books of Accounts Application & Submission via ORUS

For businesses and professionals in the Philippines navigating their tax responsibilities, maintaining accurate and compliant books of accounts is non-negotiable. Opting for Loose-Leaf Books of Accounts offers flexibility and ease, especially for those who may not prefer the traditional written and bound booklets. The BIR’s Online Registration and Update System… Read MoreA Guide to Loose-Leaf Books of Accounts Application & Submission via ORUS

Navigating the Philippines’ Value Added Tax Landscape

The Value Added Tax (VAT) system plays a pivotal role in the Philippines’ tax framework, affecting businesses and individual taxpayers alike. With the Tax Reform for Acceleration and Inclusion (TRAIN) law’s enactment, understanding the nuances of the Philippines Value Added Tax, particularly the VAT threshold and taxpayer status, has become… Read MoreNavigating the Philippines’ Value Added Tax Landscape