Tax deductions can cause you huge losses, especially if you had tax arrears. As a taxpayer, employed or not, or when running your own business, could hurt your bottom line. There are itemized and standard deductions rates that will apply to everyone. Whatever you are making will be taxed by the government, which is good… Continue reading How To Calculate Your Taxes As Someone Who Is Self-Employed: Find Out Here
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Tax 101: Freelancer’s Tax in the Philippines
Freelancers can register as a single proprietor, entrepreneur or just a professional. Whatever type of freelancer you may be, you will need to pay income tax to the BIR as it is a part of your duty. Many self-employed professionals rather not pay this because it can be really tedious, expensive, and a lot of… Continue reading Tax 101: Freelancer’s Tax in the Philippines