Master Your Year-End Tax Game: An Entrepreneur’s Guide to Compliance

Amidst the hustle and bustle of Christmas preparations, just like Santa finalizing his list, many entrepreneurs find themselves immersed in a year-end hustle. Apart from making sure you provide your…

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How to Process Loose Leaf Books of Account of the BIR

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.…

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Master Strategies for Successful & Efficient Tax Planning

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…

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3 Tax Deductible Expenses with Limitations in the Ph

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…

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Mastering Withholding Tax Essentials in the Philippines

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…

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Unlock Tax Savings Potential with Expert Tax Compliance

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…

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What You Need to Know About Fringe Benefits Tax

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!…

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VAT Philippines: How to Compute VAT Payable

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…

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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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Graduated Income Tax Rate with OSD vs 8% Income Tax Rate

If you are a business owner, one of the tasks you need to accomplish is filing your income tax return. The process of filing may seem tedious, especially to an…

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