How can I request a transfer of RDO? To transfer/update registration from one RDO to another follow these steps: File a duly accomplished BIR Form 1905 (Application for Registration Update) in 2 original copies where your TIN is currently registered. Indicate the new RDO where you are requesting to be transferred. Bring the BIR Form…
Loans are a common way for freelancers and online sellers to get capital for starting, running or growing their business, and banks are the common go-to for these solopreneurs. You should know, however, that banks aren’t necessarily the best or the only way to get additional financing for your business. Lending companies provide business owners…
Getting paid by your customers should be a given, yet freelancers and solopreneurs like you know how challenging it can be sometimes to collect payments. Sometimes, it’s the customers who delay their payments (or even hide from you), or maybe you both just can’t seem to get your schedules to align so that they may…
As a freelancer or solopreneur, you know how crucial capital is—not just for getting your business started, but to keep it going and growing. Capital can come from different places: maybe you saved up from a previous job before going solo, or your favorite Ninang gave you some start-up money for your birthday. Or maybe…
Responsible taxpayers just like you will want to make sure your taxes and the forms that you filed were able to reach the BIR on time. That’s what the Payment Confirmation email is for. Fast File sends a Payment Confirmation email to the email address you used for signing up, whenever you use Fast File…
More and more business owners are using digital or computerized Books of Accounts, and if you want to be one of them, you’re going to need a permit. You’ll only need a Books of Accounts Permit to Use or PTU if you’re using computerized or loose-leaf Books of Accounts (which means you don’t need this…
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…
