How to compute separation pay in the Philippines according to the Labor Code? Separation, especially when employer-employee relationships are already well-established within the workplace, is one happening that can be heartbreaking. But as the old saying says, “the only permanent … [Read more...]
How to Compute 13th Month Pay (Philippines Labor Code)
How to compute the 13th Month Pay in the Philippines? For business owners who utilize the help of employees to run their business, assuring that adequate benefits are given to their people is vital in maintaining a motivated and productive work force. Thus, every employer should … [Read more...]
What Taxes Should I Pay in the Philippines (Self-employed)
What taxes should you pay in the Philippines? What taxes should self-employed individuals pay in the Philippines? Self-employed taxpayers are those individuals who receive income from business or from practice of profession. Persons who receive mixed income (income from business … [Read more...]
How to Prepare Income Tax Return (Corporations and Partnerships in the Philippines)
Previously, we have tackled the steps and guidelines on the computation and preparation of income tax for professionals and individuals who are engaged in business in the Philippines. This time, we will move on to discussing how to compute and prepare income tax return for … [Read more...]
How to Compute Income Tax in the Philippines (Single Proprietorship)
How to compute annual income tax in the Philippines for self-employed individuals, such as proprietors and professionals? Computing income tax expense and payable is different for individuals and corporations. Taxable corporations may be taxed using a fixed income tax rate. On … [Read more...]
How to Register Your Business in the Philippines
How to register business in the Philippines? Business startup includes the process of registration with the right government agencies and authorities. This is an important step that must not be missed by any business, whether it is a small, medium or large enterprise. This is … [Read more...]
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