Professional Tax Receipt (PTR) made easy

If you are a professional in the Philippines, you need to pay taxes yearly so you can practice your profession without any hassles. Tax services in Manila emphasize that it…

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The 8% Income Tax Rate Option: How it Will Affect You

The 8% income tax rate is a new law requiring sole proprietorship and professionals who are PRC registered to pay 8% tax on gross income. If you are a professional,…

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A Short Guide on Business Tax in the Philippines

Filing your taxes is a crucial thing in running your own business, no matter the size. Tax services in Manila say that even a small business like a sole proprietorship,…

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Demystifying Bookkeeping Vs. Accounting: The Differences

Bookkeeping and accounting services in the Philippines are two essential components of financial management. Bookkeeping primarily involves the systematic recording and organizing of financial transactions, ensuring accuracy and completeness. Accounting,…

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What are the Basics of Journal Entry in Accounting?

Failure to account for anything even if the business is profitable could equate to failure. Accounting is the systematic recording of the financial transactions of businesses from income from sales…

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What are Purchase Orders For and When Should You Use Them?

People often use purchase orders and invoices interchangeably. But here’s the thing, they're entirely different documents that each have their own specific purpose. However, expert accounting services in the Philippines…

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BIR Open Case: What is This and How Do You Settle It

Having a BIR open case in your name sounds ominous. But what is it? According to expert tax services in Manila, an open case is a BIR letter that is…

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Master Double-Entry Bookkeeping: How-To Guide for Success

Bookkeeping is crucial for all businesses. Accounting services in the Philippines attest that you need to implement a system to track your cash flow, assess your profits and losses, and…

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