Small Businesses are TRAIN Law Beneficiaries
In 2018, the Philippine tax reform bill known as the Tax Reform for Acceleration and Inclusion or TRAIN law was implemented. One of the main beneficiaries of the law are workers who earn an annual income of P250,000. Under the law, they will be exempted from paying income tax. Small businesses are also beneficiaries of […]
Ten Year-End Tax Considerations for Entrepreneurs
As the year comes to a close and as everyone becomes busy with Christmas shopping, now is a good time to revisit the top ten tax-related considerations before you close the books of the calendar year. After all, sweating them now will give you (or us!) better opportunities to avoid the long queues when the […]
How to Compute for Salaries, Wages and Benefits Part 1
If you already have experienced working in a certain company or are presently working in one for more than a month, then you already know what a basic payslip is, which is equivalent to every worker’s bi-monthly wage. If you have not, then this computation shows you how a basic payslip should looked like before […]
