We are looking for potential partners!

We came across this website showing the average yearly salary of a CPA in the Philippines. From an entry-level of P17K to an experienced CPA of P50K. Are you surprised? Don't be. The result was based only on the 182 salary profiles uploaded on the said site. Other sites may show a different figure depending … Continue reading We are looking for potential partners!

Are you a Foreign National? Do you want to work in the Philippines?

If you are a foreigner and you would like to work in the Philippines then it's a must for you to know the new guidelines for foreign nationals. Foreign Nationals who will engage in work outside of an employment arrangement are required to secure a Special Working Permit (SWP).For professional related work or services that … Continue reading Are you a Foreign National? Do you want to work in the Philippines?

The 3 Common Taxes that YOU need to KNOW.

The common Taxes, applicable to taxpayer, that you need to know are (1) Value Added Tax (VAT) or Percentage Tax (PT), (2) Expanded Withholding Tax (EWT), and (3) Income Tax. However, additional taxes may apply if there are related transactions such as the following: (1) Withholding Tax on Compensation (WTC) or most commonly know as … Continue reading The 3 Common Taxes that YOU need to KNOW.

De Minimis Benefits Values

De Minimis Benefits are tax exempt.  These benefits were outlined and defined by the Bureau of Internal Revenue (BIR) in the issuance of Revenue Regulation No. 3-98 and several amendments since its adoption such as RR No 8-2000, RR No. 15-2011, RR No. 8-2012, RR No. 1-2015 and the latest issuance as of this writing … Continue reading De Minimis Benefits Values

TAXATION FOR PROFESSIONALS

Taxation, in general, is not that popular with most small & medium business owners. The same scenario exists for those professionals who wanted to practice their chosen profession such as doctor. Perhaps because most of the time, taxation is synonymous with a reduction to the overall profitability of a certain business. However, Taxation is a … Continue reading TAXATION FOR PROFESSIONALS