How to Compute for VAT
Q: How do I compute the VAT? A: The Value Added Tax is computed by getting the difference of the output tax and input tax. If you are the seller, ...
5 Ways to Prepare for Income Tax Filing
Q: My startup business has just started operations last year and I will be filing my income tax this April. What are the things that I should prepare for so ...
Get Into a Business or Pay off My Debts?
Question: I am a full time employee with a leisure resort company and I am thinking of investing in a franchise as sideline business. My friend told me that the ...
Look Before You Leap
Q: I want to supply ready-to-eat meals at convenience stores. Right now, I supply to school cafeterias. But I feel I can earn more if I supply to convenience stores ...
5 Tips To Get Your Clients To Pay In Cash
Cash flow is the lifeblood of any business—the cash that goes in and out of your company determines your financial position. In particular, managing how your cash flows in and ...
What is Value Added Tax?
Q: I have a retail startup that I plan to incorporate and register with the Bureau of Internal Revenue (BIR). My friend advised me that once my business is registered, ...
What are the allowed deductible expenses in ITR?
Q: It is tax season once again and I am preparing to file for income tax this week. I understand that one way to lower income payments is by increasing ...
To Cut Or Not To Cut My Price
Q: My business has been operating for three years now. It was doing great when we started but things have slowly changed with the entry of more competitors in our ...
What is Depreciation?
Q: My accountant has reviewed the financial projection I prepared for my new business. I was told that my forecast was too positive because I did not include depreciation expenses ...
The Pros and Cons of Borrowing Money for Investing
Q: I’m currently working for a startup company and they gave me an opportunity to become a shareholder. I like to grab the opportunity to invest in the business since ...
