Venturing into self-employment in the Philippines? Then you’ve likely come across the BIR. Let’s unravel the mystery! Introduction to BIR Registration The Bureau of Internal Revenue (BIR) is the primary government agency tasked with tax collection in the Philippines. For self-employed folks, BIR registration is a pivotal step to legitimize their operations. Why is BIR…
As a student, you’ve likely heard the term “freelancing” tossed around, but what does it truly mean? Freelancing is a type of self-employment wherein you offer your skills or services to clients on a per-project basis. Unlike traditional employment, where you’re bound to a single employer and work according to a fixed schedule, freelancing allows…
In today’s gig economy, financial stability can sometimes seem elusive. Irregular income streams and lacking traditional employment benefits necessitate a savvy financial management approach. In this context, understanding two fundamental financial concepts–saving and investing–is critical. Both saving and investing are cornerstones of sound financial management, but they serve different purposes and are influenced by other…
The freedom to choose your clients, determine your hours, and truly own your work can be an exhilarating experience. But with freelancing comes the often complex, sometimes daunting task of managing your finances. Suddenly, you’re not only your own boss, but also your own accountant, tasked with keeping track of who owes you what, when,…
The demand for flexible and remote work opportunities is rising in today’s fast-paced and digital world. Two popular career choices for individuals seeking independence and the freedom to manage their schedules are freelancing and becoming a virtual assistant. At first glance, freelancing and virtual assisting may seem remarkably alike, both providing the opportunity to work…
In today’s globalized economy, Filipino freelancers like you are given opportunities to carve out a niche in the competitive freelance market. But to stand out, you need to leverage effective communication tools that enhance your ability to collaborate and unlock new avenues for expanding your freelance business. When you harness the power of online communication…
Managing finances can be challenging for anyone, but it can be particularly difficult for those without a steady paycheck, such as freelancers. Freelancers are responsible for paying for their own benefits and taxes as self-employed individuals. In fact, FreshBooks’ Money Matters: The Freelancer Finance Report revealed that people who work for themselves experience various challenges,…
Are you tired of the traditional 9-to-5 work schedule? Do you want to take control over your career and achieve work-life balance? If yes, then freelancing may be the perfect career option for you. With technological advancements, more and more Filipinos are turning to freelance as a way to pursue their passions while maintaining a…
Freelancing is no longer considered a hobby or a passion project. For 1.57 billion freelancers globally, having a freelance career has become their primary source of income–a ticket to earning more money and better quality of life. However, it takes a special person to pursue freelancing as their full-time career, let alone succeed. According to…
Many Filipinos start working as a freelancer on top of their full-time careers. But if you think you’re ready to begin your journey towards running your own legal freelance business, this guide is for you. Registering yourself as a sole proprietor legitimizes you as a full-fledged business that abides by government regulations and compliance requirements.…