In the Philippines, all registered taxpayers in the practice of a profession, doing business, or under self-employment need to comply with the tax law of keeping records of all transactions.…
You need to get your finances settled especially now that the calendar year is coming to a close. You will have to deal with your year-end accounting, bookkeeping, and your…
Ordinary business expenses are deductible to the extent of actual payments in the Philippines. These deductibles must be necessary expenditures for the business, trade, or professional practice. According to expert…
Withholding tax is a tax liability collected by the Bureau of Internal Revenue from individuals or businesses who earn income. If you need a guide on the withholding tax expanded…
Do you want to maximize tax savings but need help with how to do it? Professional accounting services in the Philippines recommend revisiting your tax planning strategy if you wish…
You're an employee, grinding away at your job, and suddenly, a delightful surprise lands in your lap. No, it's not a wad of cash, but something equally exciting: fringe benefits!…
Are you engaged in trade or business? Are you practicing a profession? If you are, you must pay the taxes you are liable for. These taxes can be in the…
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,…
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,…
Transfer pricing is an accounting and tax practice related to the pricing of goods or services between related parties like a parent company and its subsidiary. It also refers to…