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Updated by Carol Soriano on Apr 28, 2015
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Business and Entrepreneurship

Everything about business and entrepreneurship
Know Your Taxes - February 2015
Know the schedule of submission, filing, and payment of taxes for the whole month of February 2015. In the meantime the Bureau of Internal Revenue (BIR) now requires the use of their eBIRForms, for more information about the BIR's new memorandum read our article: eBIRForms - Everything You Need to Know This information is gathered from the Bureau of Internal Revenue website and from the Know Your Taxes website.
Tax Type 101: What are the Different Tax Types - Full Suite
Paying taxes is something inevitable wherever you live. Almost all transactions require the payment of taxes. In the Philippines, taxes are grouped into two basic types: National and Local. National taxes are the ones paid to the government through the Bureau of Internal Revenue (BIR).
Income Tax Calculator: Preparing for Tax Season - Full Suite

It's tax season once again, and everybody's preparing to do their filing soon. It can be quite baffling trying to determine how income tax is computed by our employers. So to make things easier to understand, we're providing you with a quick guide on how to compute your income tax.

Why You Should File Your Taxes Earlier than the April 15 Deadline - Full Suite

It's tax season once again and many of us are no doubt dragging our feet and waiting until the deadline on April 15 to file our taxes. It pays to file our taxes on time though but it is better if we file them early. Here are a five reasons why.

Know Your Taxes - March 2015 - Full Suite

Know the schedule of submission, filing, and payment of taxes for the whole month of March 2015. In the meantime the Bureau of Internal Revenue (BIR) now requires the use of their eBIRForms, for more information about the BIR's new memorandum read our article: eBIRForms - Everything You Need to Know This information is gathered from the Bureau of Internal Revenue website and from the Know Your Taxes website.

BIR Form 2316: Everything You Need to Know 2015 - Full Suite

One of the most important forms all employees must know about is the BIR Form 2316. It is something you must receive every year as proof that taxes have been deducted from your income. Read on to learn more about it. Want to learn more about other BIR forms? Check out our Ultimate Guide to BIR Forms post.

How to Set Up the Right Deduction Scheme - Full Suite

For freelancers, professionals or entrepreneurs (either a single person proprietorship or entity - partnership, corporation) that get to file their own taxes, you can use business expenses to lower your net income, hence, your income tax as well. These are called deductions.

BIR Form 2307: Everything You Need to Know 2015 - Full Suite

One of the most important forms that employees doing freelance jobs on the side, employers who accept project-based or freelance employees and freelancers must know about is the BIR Form 2307. It is something you must file together with your Quarterly/Annual Income Tax Return - BIR Forms 1701Q / 1701 for individuals, or BIR Form 1702Q/ 1702 for non-individuals - for income tax liability.

How to Avoid a BIR Tax Audit: Hire an Auditor - Full Suite

During tax season, everybody's concern revolves around preparing to file their taxes in order to beat the April 15 deadline. However, beating the deadline should not be their only concern. More importantly, people and businesses must take extra care about the documents they use when filing.

Explained: Management Accounting VS Financial Accounting

Accounting is an essential tool for any business. However, one must differentiate between financial and managerial accounting because they provide different types of information and serve different objectives. Below are the 5 ways that show how different they are.