Bookkeeping and Tax Compliance for Self-Employed Individuals and Freelancers in the Philippines

Are you a self-employed individual or freelancer in the Philippines struggling to keep up with bookkeeping and tax filing? Managing books and numbers  while focusing on your craft can be overwhelming, but don’t worry! With the rise of automation here and there, the good thing is a solution comes at an arm’s length. Let’s discuss…

A Guide to Tax Deductions and Handling Official Receipts

Tax deductions are important for businesses in the Philippines, as they reduce taxable income owed to the government. In this guide, we discuss the management of official receipts to make sure businesses can capitalize on available deductions effectively. It’s crucial to understand that deductions are accessible when transactions are mainly for business purposes and supported…

Tax Compliance Reminders 2024

Amidst the busyness of starting the new year, we taxpayers must be mindful of our duties in completing compliance standards. This means keeping up with the reporting requirements established by both the Bureau of Internal Revenue (BIR) and the Local Government Units (LGU). Read more to learn about the deadlines: The BIR Compliance Annual Returns…