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Want to Get into Franchising? Here's a Guide to Taxes You Must Consider

A leading tax expert says it's better to be safe than be sorry when it comes to business taxes

The economic gains and opportunities contributed by the fast-growing micro, small, and medium enterprises (MSMEs) are undeniable. As of 2016, MSMEs comprised 99.57 percent of the businesses in the country, contributing 63.3 percent of the employment for the same year.Under the Duterte ...

by Mon Abrea  | August 14, 2018 01:00:00
News and Events

Cash Transfers for the Poor, Tax Cuts for the Middle Class and Tax Hikes for the Very Rich

Is the Duterte administration’s first tax reform package equitable enough?

 As with most government policies, the impact of the Duterte administration’s proposed first tax reform package on households depends to a large extent on their income level.Called the Tax Reform Acceleration and Inclusion (TRAIN) Act, the proposed tax measure was approved on ...

by Entrepreneur Staff  | June 19, 2017 03:00:00
News and Events

(Watch) Thanks to Last-Day Tax Rush, BIR Likely to Hit Php208B Collection Target

Tax chief says government is on track to hit April target

As thousands of taxpayers rushed to beat the deadline for the filing and payment of 2016 income tax returns yesterday, April 17, offices of the Bureau of Internal Revenue (BIR) throughout the country struggled to cope with the long lines and oversized ...

by Pauline Macaraeg  | April 18, 2017 03:00:00
Run & Grow

How SMEs and Freelancers are Cutting the Stress from Paying Taxes

Taxumo is helping entrepreneurs and the self-employed file their monthly taxes more quickly

The Taxumo team (from left) Evan Tan (Chief Marketing Officer), EJ Arboleda (Chief Executive Officer), Ginger Arboleda (Chief Operating Officer), Atty. Nelson Kevin Baldonado (Chief Legal Counsel), Mark Ong (Chief Finance Officer)As any registered business owner or self-employed person knows, paying taxes ...

by Elyssa Christine Lopez  | April 13, 2017 11:00:00
Run & Grow

Make cell phone, tech and home office pre-payments before year-end

Compare how these SME tax deductions in the west can be applied on your local business

Over the years, I’ve discovered there is a lot of misinformation out there regarding what is or isn’t deductible when it comes to cell phones, technology and home offices. There is also a tremendous amount of unnecessary fear and this is certainly the case when it comes ...

by Mark J. Kohler  | December 02, 2016 12:00:00
News and Events

Bam Aquino seeks tax reform for MSMEs

Small and medium enterprises expected to benefit from simplified taxation processes

 Looks like President Rodrigo Duterte has found an ally with an Aquino, with Senator Bam to be exact, as the latter seeks to propose new tax reforms for micro, small and medium enterprises (MSMEs) once the 17th congress commences.   Related: Tax expert ...

by Elyssa Christine Lopez  | July 20, 2016 09:00:00
Startup Tips

Tax evasion vs. tax avoidance: What's the difference?

Avoid common taxation troubles that may be detrimental to your business.

Benjamin Franklin once said, "Nothing in this world can be said to be certain, except death and taxes." Starting up a business may give you the financial freedom you've always longed for or that sense of fulfillment in creating something that's entirely ...

by Angelica Louise G. Dantes  | April 14, 2015 01:15:00
Business Ideas

Facebook your way to a better tax system

NGO launches Facebook page for taxation feedback and suggestions

Are you a tech-savvy entrepreneur who has yet to fully understand the Philippine tax system? Worry no more. Rock Ed Philippines, a non-government organization that pushes education via alternative means, has a Facebook page just for you. Rock Ed launched Dear BIR ...

April 14, 2011 01:00:00