by Roma Mendenueta | Sep 26, 2025 | Tax Compliance, Business Tips, Doing Business in the Philippines
Many businesses in the Philippines struggle with tax compliance, making common mistakes like late filing, inaccurate tax computations, and poor recordkeeping. The country’s tax-to-GDP ratio of 18.4% falls below the regional and OECD averages, reflecting gaps in proper...
by Roma Mendenueta | Sep 24, 2025 | Tax Compliance, Business Tips, Doing Business in the Philippines
In creating sound financial management, effective tracking of business expenses and receipts is one of the fundamentals you should live by. The Bureau of Internal Revenue (BIR) in the Philippines mandates thorough substantiation for expense deductibility. If you fail...
by Roma Mendenueta | Sep 19, 2025 | Bookkeeping, Business Tips, Doing Business in the Philippines
Bookkeeping in the Philippines is often seen as a taxing and intimidating part of financials for many business owners, especially for small to medium-sized enterprises (SMEs) and startups. While it is considered as the backbone of financial compliance, financial...
by Roma Mendenueta | Sep 12, 2025 | Bookkeeping, Business Tips, Doing Business in the Philippines
Bookkeeping is the backbone of every form of business, regardless of the industry, size, or operations. Bookkeeping in the Philippines? It’s only the same, especially for maintaining the accounting books for small businesses; the tax rules, local reporting...
by Roma Mendenueta | Sep 5, 2025 | Bookkeeping, Business Tips, Doing Business in the Philippines
Once you plan to start your business in the Philippines, one of the earliest and vital financial decisions you should include in your list is choosing your bookkeeping method. Making the right choice will impact on how you track your income and expenses, the future of...
by Roma Mendenueta | Aug 15, 2025 | Business Tips, Doing Business in the Philippines, Tax Compliance
Paying local taxes is important for businesses in the Philippines. Cities and municipalities collect taxes like business permits, property taxes, and community taxes to fund local services. Many businesses make mistakes like missing deadlines or not securing the right...
