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…
In the fast-paced world of freelancing, one might easily get lost in the hustle and creativity and neglect an equally important aspect: personal finance management. This aspect, unfortunately, often becomes the Achilles’ heel for many creative freelancers in the Philippines. Proper budgeting and smart financial strategies aren’t just crucial for surviving the uncertain terrain of…
In the Philippines where there is high internet penetration, embracing digital marketing strategies can significantly boost your business prospects and open up new opportunities for success. Whether you offer graphic design services, content writing, or web development, incorporating digital marketing techniques into your freelance business can give you a competitive edge and help you thrive…
Understanding and managing your finances is pivotal to your freelance career’s success. Without a dedicated accounting department, it falls on your shoulders to track your income, handle your expenses, and meet your tax obligations. But don’t let this intimidate you. In this article, you’ll learn about the importance of freelancer accounting, financial planning for self-employed…
If you’re a Filipino freelancer, you’ve likely experienced the ups and downs of an unpredictable income. This feast-or-famine cycle can make managing your finances a daunting task. However, one of the most crucial steps is to create a budget process that works for you. In this article, we’ll explore the significance of setting a healthy…
As a freelancer, it’s crucial to understand the liquidity ratio and how it can impact your financial health. The liquidity ratio measures your ability to repay short-term debts using your current assets. It helps determine whether you have enough cash flow to cover your expenses and maintain a healthy financial position. You should know that…
Managing costs is essential to running a successful business as a freelancer. Strategic cost management can help you optimize resources, reduce unnecessary expenses, and improve profitability. However, cost management can be a complex process that requires careful planning and execution. This blog will provide you with a comprehensive guide to strategic cost management for your…
Being a freelancer comes with a handful of benefits, but it also has its fair share of challenges. As a freelancer, one of the most common problems is inconsistent income. Yes, you can work with multiple clients, secure big projects, and have the opportunity to bring in greater profits only to find yourself scratching your…