After a 2-year bout with Covid-19, the Philippines now faces a new hurdle: paying off ₱12.3 trillion in debt. With the government incurring a ₱ 3.2 trillion bill for its pandemic response, it now needs to raise an additional ₱ 249 billion each year to meet its obligations. So, what’s… Read More »The Philippine Government’s Plan to Pay Off Debt
Cryptocurrency Taxation is a hot topic in the country. Just this month, the Bureau of Internal Revenue (BIR) and the Department of Finance (DOF) both released statements on taxing cryptocurrencies. And, of course, this caused quite a stir in the crypto community. Hopefully, with the webinar and the article, we’re… Read More »Cryptocurrency Taxation in the Philippines: An In-Depth Guide
With the average person seeing between 6,000 and 10,000 ads a day, it becomes more difficult for brands to compete for attention online. This is why influencer marketing is a favorite tool for businesses in 2021. Influencers in the Philippines Dubbed as the “Social Media Capital of the World”, there’s… Read More »Top BIR-Registered Influencers in the Philippines
If you’re an influencer, you may have opened your phone this morning with news reports of BIR doubling down on your industry with RMC 97-2021. But there’s no need to worry, this article will help you ease your worries. What do you mean I have to pay taxes? There’s one… Read More »RMC 97-2021: How It Impacts Social Media Influencers
There is a misconception that you only have to file your income tax returns annually in the Philippines, but this is not the case. Both individuals (e.g., sole proprietors, freelancers, etc.) and non-individuals (corporations, partnerships, etc.) have to file quarterly returns as well. And, in this guide, we’ll discuss how… Read More »BIR Form 1702Q: The Complete Guide To Filing
In this article, we’ll discuss the difference between eBIRforms and Taxumo, Philippines’ popular online tools for tax filing. With the annual income tax season heating up, people are scrambling to find an easy way to file and pay their taxes. Since we’re in the middle of a pandemic, you shouldn’t… Read More »eBIRForms or Taxumo: Which Is The Best Tax Software For You?
If you employ a few people, you know how much of a hassle it can be to file form 1601C’s every month. And the more employees you have, the more complicated it all gets. With MSMEs in the Philippines employing an average of 3 people per business, we decided that… Read More »All-New Feature: File BIR Form 1601C on Taxumo
When you want to get started in using Taxumo, the first thing that you need to do is check your settings page. This is a very important step before you begin filing taxes as Taxumo’s system will be referring to the info you set in here in filing your tax… Read More »How To Update Your Profile On Taxumo
With 2021 coming in a little over a month, you might be asking yourself “am I forgetting something?” Yes, you probably are and it’s most likely your business permit renewals for next year. And just in case you didn’t know, the deadline for renewing your business permits is on January… Read More »Renew Your 2021 Business Permits with Taxumo Partner Accountants
Taxes. Love it or hate, it’s a fact of life. And, We understand that taxes can be confusing, hard, and downright stressful. And, we’re pretty sure your friends also feel the same way. With Taxumo Tandem, our newest subscription plan, you and your friend can enjoy a headache-free tax filing… Read More »Introducing The Taxumo Tandem Subscription Plan