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…
Tax Estimation: Old vs. New Every year, when tax time comes, people look for a ‘tax calculator’ to quickly find out what they might owe or get back. But there’s a newer, smarter way to do it called tax projection. Before you look for the usual tax calculator, check out this new way to estimate…
Maintaining accurate financial records is crucial for sustainable growth and success in the fast-paced business world. Bookkeeping is pivotal in providing businesses and self-employed professionals with the relevant insights to make informed decisions. In this comprehensive guide, we will explore who needs bookkeeping, its importance, and how much it should cost. Who Needs Bookkeeping? Bookkeeping…
As a freelancer, you know that negotiating contracts is a crucial part of your business. These contracts protect your rights as a service provider and establish a solid foundation for the working relationship with your clients. However, the negotiation process can often seem daunting, especially if you just started freelancing. With the right information and…
Embarking on a freelance career in the Philippines offers numerous benefits, such as flexibility, autonomy, and the ability to pursue your passion. However, the shift from traditional employment to freelancing often comes with the added responsibility of managing your financial resources. Surprisingly, many freelancers lack the knowledge and skills to effectively manage their finances, which…
Freelancing in the Philippines has become popular for many individuals who want to take control of their careers and work independently. However, as a new freelancer, navigating the various aspects of starting and running a successful freelancing business can be overwhelming. That said, it’s crucial to clearly understand the basics of freelancing, such as determining…
As a freelancer in the Philippines, you may wonder if you must file an income tax return (ITR). The short answer is yes, you do. Filing your ITR is not only mandated by law; it is also essential for managing the finances of your legal freelance business and ensuring that you do not face penalties…
Traditional employees are privileged to have physical and online spaces to interact with their peers and collaborate on projects. But while these platforms exist to build healthy relationships and boost productivity, could freelancers benefit from them too? The freedom you get from working at your own pace and running your own legitimate business is a…
