PBBM Signs The Tatak Pinoy Bill Into A Philippine Law (RA 11981)
n a groundbreaking moment, President Bongbong Marcos (PBBM) officially signed the Tatak Pinoy Bill into law on February 26, 2024, firmly establishing its presence within the Philippines’ legal framework. This significant event highlights efforts to protect the country’s cultural heritage and foster growth for the business community. The law aims to safeguard traditional practices, languages, […]
Odysseus Lander’s Financial Impact After a Moon Landing Touchdown
The Odysseus Lander, or “Odie,” landing on the moon is a groundbreaking event that marks a huge advancement in space exploration and puts Odie in the spotlight as a symbol of global innovation, influencing moon landing funds. Industries across various sectors eagerly await the economic opportunities ahead. Investors are actively pursuing space ventures, while economists […]
5 Benefits of Outsourcing Accounting in the Philippines
Today, more businesses are choosing to outsource their finance and accounting tasks to specialized third-party services instead of handling them in-house. This shift comes with numerous benefits, including cost savings, access to global expertise, and improved efficiency and scalability. The Philippines, in particular, has emerged as one of the top outsourcing destinations worldwide, thanks to […]
Maximizing Your VAT Refund in the Philippines: Tips and Tricks
Maximizing tax refunds, including a VAT refund, can give your finances a nice boost. It means extra cash for you, which you can save, invest, or use to pay off bills. However, figuring out tax rules can be tricky and needs a smart plan. If you don’t get it right, you might miss out on […]
Navigating eCommerce Taxes: What Online Businesses Need to Know
Navigating the intricacies of eCommerce taxes is a must for online businesses, as they are still obliged to fulfill their financial obligations just like any traditional brick-and-mortar establishment. Non-compliance with tax laws can lead to significant legal issues and financial penalties, underscoring the importance of understanding and adhering to these regulations.However, navigating the complex web of […]
How to Obtain a Barangay Permit for Your Small Business in 2024
Getting a barangay permit is the first step to starting your small business right in 2024. It serves as your license to operate and do business in your area. However, getting a barangay permit can feel complicated and overwhelming, making many business owners unsure of where to start. In this article, we’ll show you how […]
Your Guide to SSS Online Verification Contribution
Exploring your Social Security System (SSS) contributions and benefits is essential for financial security and planning for the future. Whether you’re checking contributions online or offline, having a clear understanding empowers you to make informed decisions. In this comprehensive guide, we’ll walk you through the simple steps to verify your SSS contributions online, making the […]
Are Jewelers Entitled to Tax Incentives?
Tax incentives and benefits—we commonly know them to be associated with PEZA, BOI, and other IPA-registered enterprises. But do you know that such tax reduction schemes are also offered to manufacturers of our most prized possessions, i.e., the Jewelry Industry? For any enterprise engaged, in any aspect, in the manufacture of goods commonly or […]
Personal Tax Planning Strategies for Filipinos in 2024
As the tax season in the Philippines approaches, it signals the start of what can often be a stressful process, especially if you don’t know where to begin. For many Filipinos, filing taxes can be daunting, with complex forms, numerous documents to gather, and the fear of making mistakes that could lead to penalties or […]
How the New Minimum Wage Impacts Businesses in 2024
Over the previous several years, the minimum wage rate in the Philippines has seen substantial variations. In 2023, it reached a record high of PHP 610.00 a day. Increasing the minimum wage would mean businesses will have happier workers, leading to productivity. However, this also implies that business owners will have to face the increase […]