Are you an individual who earns purely compensation income? If so, you're required to register with the BIR and file Form 1902. This form is used to report your name, address, and other information related to your income. Failing to submit this form may result in penalties and interest charges.…
Do you know when to use the BIR Form 1904? If you're a businessman or professional, you must understand the importance of this form and file it correctly. In this blog post, we'll discuss what the BIR Form 1904 is and why it's so important
Are you looking for a bookkeeper job description? If so, you're in the right place! In this blog post, we'll go over what exactly a bookkeeper does. Keep reading to learn more!
What is the minimum wage in the Philippines? This is a question that many people are asking, as there have been talks about increasing it. Here, we will discuss what the current minimum wage is, and how it may be changing in the near future. Keep reading to learn more!
Are you a vat registered person in the Philippines? If so, then you need to be aware of the VAT payable formula. This article will teach you how to compute VAT Philippines. Keep reading to learn more!
If you’re a business owner, then you know that tracking your income and expenses is essential to staying profitable. But what happens when you make a sale but don’t have the cash on hand to cover it? You can issue a provisional receipt to assure your customer they will be…
If you’re a professional in the Philippines, you need to know about the Professional Fee Withholding Tax (PFWT). This tax applies to any fees or other payments you receive for your services, and it’s essential to know how to calculate and pay it correctly. This blog post will give you…
The Special Economic Zones (SEZs) in the Philippines are designated areas that offer tax incentives and other benefits to business owners and investors. These zones provide an excellent option for business in the Philippines, whether you’re looking to set up shop or expand your operations. Let’s discuss what is economic…
If you're a business owner who provides professional services, you need to be aware of a new law that went into effect on January 1, 2019. The 8% Flat Rate On Practice Of Professions Law applies to all professionals who provide services for a fee. So what does this mean…
If you're a business owner, bookkeeper, or accountant processing business accounts, then you'll want to check out this Double Entry Bookkeeping Step Guide! In it, we walk you through the basics of how to get started with double entry bookkeeping. This process is key to keeping your books in order…
Bookkeeping may seem confusing and overwhelming at first, but with some guidance, it can be easy to understand. So, this guide is designed to help business owners and bookkeepers get started with bookkeeping basics.
Forbes Magazine has just released their list of the richest person in the Philippines 2022 and there are some big names on it! Check out who made it!
