Do I Need to Register My Business? on Sep 3, 2010 in Business Taxation BIR business registration register business Taxes I recently talked to somebody who wanted to retire his business. He was so frustrated because he had to go to a lot of trouble (and pay some penalties) just to close his business. He was saying that if he knew about all the trouble beforehand, he wou...
Business 101: Know Your Taxes on Aug 28, 2010 in Taxation BIR Business income tax Philippine taxation Taxes value added tax One of the most basic things an entrepreneur (or would – be entrepreneur) should learn are the taxes that he or she will be required to pay if he or she puts up a business. And yet, I’ve seen a lot of businessmen depend entirely on their accounta...
Managing Cash Flows on Jul 24, 2010 in Finance business and cash flows cash flows manage cash flows How important is it. I sometimes wonder why businessmen who own small to medium – sized companies would sometimes (okay, often) say that they have no money to spare, that they are always short of money and that they cannot pay this or that because...
How to Calculate VAT on Jun 29, 2010 in Taxation how to calculate VAT input tax output tax Philippine taxation tax payment Taxes value added tax VAT Value added tax or VAT is one of the major revenue sources of our government. It started out as 10% of the selling price of covered goods and services. In 2005, the rate increased to 12% (much to the dismay of a lot of people). Despite the fact that...
The Most Important (Tax) Deadline of Them All on Mar 6, 2010 in Taxation accountant April 15 deadline BIR income tax tax deadline tax payment Taxes It’s now March 6, barely six weeks to go before we hit one of the most important (if not the most important) tax deadline of them all, the annual income tax return. The tax deadline? April 15 (mark it on your calendar so you don’t forget). This i...
You Can Now Order Philippine Taxation Books Online on Jan 4, 2010 in taxation BIR Philippine taxation taxation book Taxes Okay, first off, I’m not being paid to do this. There’s really nothing for me here. This is really something like a public service message for me. That said, I just received an email message that we can now order Taxation Books online. This is fo...
8 Reasons Why You Need to Hire an Accountant for Your Business on Jan 2, 2010 in Accounting accountant accountant for business BIR Business City Hall DTI hire an accountant SEC Taxes Okay, it took me some time to make my first post (after my “About” post, that is). I racked my brains (as in!) on what to write until I finally came up with the idea for my first post. And because I’m an Accountant, I decided to write something...
