After reading this article, you will get an overview of Value Added Tax (VAT) in the Philippines under TRAIN Law. In this article, you’ll learn about: What is Value Added Tax … [Read more...] about Value Added Tax in the Philippines
What are VAT Exempt Transactions in the Philippines?
After reading this article, you will know if your transaction is VAT Exempt. The following are VAT exempt transactions under Section 109 of Tax Code A. Sale or importation of agricultural, … [Read more...] about What are VAT Exempt Transactions in the Philippines?
What are VAT Zero Rated Transactions in the Philippines?
After reading this article, you will know if your transaction is VAT Zero Rated. The following are VAT zero rated transaction: 1. Export Sales a. The sale goods and services … [Read more...] about What are VAT Zero Rated Transactions in the Philippines?
Are You Looking for Meaningful Experience?
Reliabooks Work to Learn (WTL) Program Learn In-Demand Skills like Accounting, Tax, and Business Processing That you can use to speed up the growth of your career or your own … [Read more...] about Are You Looking for Meaningful Experience?
Income Tax Under Train Law
A. What is Income Tax? Income Tax is a tax on a person’s income or profit arising from property, practice of profession, or conduct of trade or business. B. Who are the individuals … [Read more...] about Income Tax Under Train Law
How to Apply for NBI Clearance Online?
A. What is NBI Clearance? The NBI Clearance is a Philippine police clearance issued by the National Bureau of Investigation. This is usually a requirement when a person is applying for a job. … [Read more...] about How to Apply for NBI Clearance Online?
Quarterly Percentage Tax
What is Percentage Tax? Percentage Tax is a business tax that is imposed on persons who sell or lease goods, properties or services in the course of their business. Percentage Tax Under … [Read more...] about Quarterly Percentage Tax
How to Renew Business Permit in the Philippines
To avoid incurring unnecessary penalties, every business needs to Renew Business Permit in the Philippines You need to Renew Business Permit in the Philippines even if you just register your … [Read more...] about How to Renew Business Permit in the Philippines
What is the Difference between Sales Invoice and Official Receipt?
Every taxpayer engaged in trade or business are required to issue BIR registered Sales Invoice and Official Receipt for each sale of goods or services. Issuing a BIR Sales Invoice and/or Official … [Read more...] about What is the Difference between Sales Invoice and Official Receipt?
What are the Benefits of CCTV in Business?
CCTV stands for Closed Circuit Television. It’s a system that sends television signals to a limited number of screens that are monitored primarily for surveillance and security purposes. With the … [Read more...] about What are the Benefits of CCTV in Business?
What is a Point of Sale (POS) System?
A Point of Sale (POS) System is where you make transaction, record sales, and track inventory of your business ANYTIME and ANYWHERE. How cool is that? Your business can operate and earn even though … [Read more...] about What is a Point of Sale (POS) System?
Reliabooks partners with BMWare in helping Tarlac business owners
We are happy to announce that Reliabooks Consulting is now a partner of BMWare Software Development in helping Tarlac business owners take their businesses to the next … [Read more...] about Reliabooks partners with BMWare in helping Tarlac business owners
What are the Books of Accounts?
When you register a business in the BIR, it is a requirement that you register and maintain your Books of Accounts. If this is your first time to hear that, this article will help you know and … [Read more...] about What are the Books of Accounts?
What are the Allowable Deductible Expenses in the Philippines?
If you want to minimize your income tax legally, you should know what the allowable deductible expenses in Philippines are. Because more expenses means lower income tax. But you should know that there … [Read more...] about What are the Allowable Deductible Expenses in the Philippines?
Which is better, Itemized Deduction or Optional Standard Deduction (OSD)?
As a business owner, you are required to file your Income Tax Return quarterly and annually. And when it comes to Income Tax Return, there are two types of tax deduction schemes. These are … [Read more...] about Which is better, Itemized Deduction or Optional Standard Deduction (OSD)?
Limited Capital? No Problem. Try these 4 Options
In business, there are two main sources of capital. They are from the owners and from the lenders. In the 1st source, these usually comes from the savings of the owner, partners, and other … [Read more...] about Limited Capital? No Problem. Try these 4 Options
Your Business Has 2 Options: Grow or Die
In an evolving economy, your business has 2 options: Grow or Die. Just because things are going well now, doesn’t mean they can’t suddenly go horribly wrong. I’m sure that you recognized businesses … [Read more...] about Your Business Has 2 Options: Grow or Die
Important Dates to Remember for Philippine Businesses
This article will give you an overview about the important dates to remember for Philippine businesses when it comes to SEC, LGU, and BIR. Have you ever tried running for a race? It can be 5k, 10k, … [Read more...] about Important Dates to Remember for Philippine Businesses
How to Get Your PSA Birth Certificate at SM?
This article will guide you on how to get your PSA Birth Certificate at SM. Why do you need PSA Birth Certificate? PSA Birth Certificate is needed when you register your business and apply … [Read more...] about How to Get Your PSA Birth Certificate at SM?
How to Register New Employee to BIR, SSS, PhilHealth, and Pag-ibig?
This article will give you the basic on how to register new employee to BIR, SSS, PhilHealth, and Pag-ibig. For start-ups, it’s normal to find a professional or a sole proprietor to do all the task … [Read more...] about How to Register New Employee to BIR, SSS, PhilHealth, and Pag-ibig?