Category: Blog

Lower Your Tax Bill the Legal Way—Without the Headache As a Filipino entrepreneur, you work hard to grow your business. But did you know that you might be paying more taxes than you should? Many business owners in the Philippines miss out on legitimate tax deductions that could help them save thousands of pesos each…

If you’re a Filipino business owner trying to get a better handle on your finances, it’s essential to understand the foundational tools of bookkeeping: journals, ledgers, and the chart of accounts. These tools keep your financial records organized, accurate, and compliant with BIR regulations.   In this blog, we’ll break down each one in simple…

Bookkeeping is the backbone of every successful business—but how you do it can make or break your efficiency, accuracy, and compliance. In the Philippines, many small businesses still rely on manual bookkeeping, while others are shifting to cloud-based systems for ease and scalability.   But which is better? Let’s explore the differences between manual and…

As a Filipino entrepreneur, you’re likely juggling a lot—sales, marketing, operations, and yes, bookkeeping. It’s easy to make financial mistakes, especially when you’re focused on running and growing your business. But here’s the thing: bookkeeping errors can cost you big—from lost revenue to BIR penalties. In this blog, we’ll walk you through the top bookkeeping…

Starting and running a business in the Philippines is an exciting journey—but managing your finances correctly is key to long-term success. Whether you’re a freelancer, small business owner, or startup founder, bookkeeping can feel overwhelming at first. But don’t worry—this guide breaks it down for you. Let’s explore what bookkeeping really is, why it matters,…

Registering a business with the Philippine Economic Zone Authority (PEZA) offers numerous benefits, including tax incentives, simplified import/export procedures, and access to world-class infrastructure. Businesses engaged in export-oriented industries, IT services, manufacturing, and logistics often seek PEZA registration to maximize operational efficiency and reduce costs. This guide outlines the step-by-step process for registering a business…

Starting a business in the Philippines requires more than just securing permits and registering with the necessary government agencies. Compliance with labor laws is equally crucial, as it ensures a legally sound work environment, protects employee rights, and safeguards businesses from penalties or legal disputes. Understanding and adhering to Philippine labor regulations is essential for…

Businesses in the Philippines are required to renew their permits and registrations annually to maintain compliance with national and local government regulations. Failure to complete the Annual Business Renewal Process can result in penalties, fines, or even business closure. This guide outlines the necessary steps and deadlines to ensure smooth business renewal. Step 1: Renew…

Registering a business with the Bureau of Internal Revenue (BIR) is a mandatory step for compliance with Philippine tax laws. The BIR Certificate of Registration (BIR Form 2303) is required to legally operate a business, issue official receipts, and pay the appropriate taxes. Failure to register with the BIR may result in penalties and legal…

The Food and Drug Administration (FDA) of the Philippines is responsible for regulating food, drugs, cosmetics, medical devices, and other health-related products. Businesses involved in the manufacturing, importation, distribution, or sale of these products must secure an FDA License to Operate (LTO) to ensure compliance with safety and quality standards. Failure to obtain the proper…