Remember those Books of Accounts you got when you registered your business? You’ll have to renew them every so often, depending on the kind of books you have. If you need to refresh your memory, you’ll find everything you need to know about bookkeeping, here. When do I need to renew my books? Manual Book…
There’s a lot you need to know about bookkeeping now that you’re in business for yourself as a freelancer or an online seller. The Bureau of Internal Revenue or BIR actually requires you to keep Books of Accounts, or records of your business transactions, and to file these books at the BIR on certain deadlines.…
You could say our country’s tax system is an ongoing work in progress—but that’s because the government is always looking for ways to make the tax system easier, fairer, and more efficient. That’s why the government came up with the Tax Reform for Acceleration and Inclusion or TRAIN Law, which comes with something called Expanded…
Starting a business is fun, agreed? Running it and keeping it going? Not so much. See, it’s not enough to be passionate about your business, although that’s definitely a huge part of it. But not knowing whether you’re making or losing money can cause a lot of problems down the road, not the least of…
You never run out of things to do when you’re a solopreneur or a freelancer. On top of doing the actual work, you also have to spend time on marketing, taking care of your customers, and your accounting. Accounting is a crucial part of freelancing or online selling because it’s all about managing your cash…
