Category: Business

Philippines substituted tax filing / Qualify for your employer to file income taxes on your behalf.  Read this guide to substituted filing eligibility. Filipinos employed by companies are often eligible for substituted filing of income taxes. This means the employer files and pays taxes on the employee’s behalf. If you receive a BIR Form 2316 …

Is the age of cash and cards winding down? How mobile payments are ushering in a cashless society in 2024. The old leather wallet filled with cash and cards is beginning to look more like a relic with each passing year. This year is shaping up to be a pivotal time in the transition to …

First time filing taxes Philippines / New to tax filing in the PH? We break down exactly what you need to know before submitting your first return. Filing taxes for the first time in the Philippines can seem daunting. However, being prepared with the right documents and following some basic steps can make the process …

Winding down your business? Make sure to close your BIR registration right away to avoid tax problems down the road. Deciding to close your business can be difficult, but an important step is properly closing your Bureau of Internal Revenue (BIR) registration. Here’s why you should make it a priority to shut down your BIR …

File a tax return / It’s tempting to think you don’t need to file a tax return if you didn’t make enough money to owe any tax. However, there are still good reasons to file your taxes every year, whether you owe money or not. Filing Is Required By Law First and foremost, the law …

Big news for taxpayers!  Unpack the essentials of RA 11967 – from a fee-free registration world to revamped transaction rules. Micro and small taxpayers, this one’s for you! With the recent approval of RA 11967, also known as the Ease of Paying Taxes Act, let’s discuss some of the crucial BIR updates that every taxpayer …

House Construction:  Embark on your dream home journey with confidence!  Explore practical tips for a smoother and budget-friendly construction process. Building your dream home can be a real challenge. It involves juggling numerous aspects, from managing labor to choosing the perfect paint color.  Sometimes, the construction process can be overwhelming, leaving you tired and stressed by …

Get ready to experience the future of co-living in Cebu City with lyf Following the launch of the first lyf property in Malate, Manila, The Ascott Limited is thrilled to announce its expansion into the Visayas and Mindanao (VisMin) region with the opening of lyf Cebu City, the first international co-living serviced residence in the …

ATM Problems / Did you feel the disappointment of a lack of cash withdrawal?  Uncover the reasons behind it and ensure your wallet leaves the ATM happy! We’ve all been there – standing in front of the ATM, eager to grab some cash, only to be faced with a baffling error message or a stubborn …

Tax Deduction / Planning is the name of the game! Keep meticulous records of income, expenses, and credit cards. It’s not just about avoiding deductions but simplifying the tax process. Let’s make tax time a breeze! Let’s start things off with the basics. Tax planning is like a financial game of chess where you strategically …