Best Tax Tips for Freelancers in the Philippines

How should Freelancers handle their taxes? Some freelancers don't seem to find any importance about filing their taxes. Most of them forget the need to record incomes, expenses and tax deadlines. This is because most freelancers don't find this as an important responsibility. According to Salve Duplito a Resident Financial Advisor "Unpaid taxes and unfiled documents are like vipers hiding on your closets. They are easy to ignore, until its too......

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Credit discrimination to BPO employees in the Philippines

Banks used to love those people working in BPO companies since BPO employees earn alot and spend alot but that seems to be changing. A viewer from ANC: On the money episode have shared his experience from an anonymous financial institution, this is how the letter go. Dear Salve: I was walking in the mall 7 months ago with a friend when someone approached us offering freebies for a credit card. I found myself applying for one and answering......

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SSS Launched Provident Fund

Not everyone has been fully aware of the Provident fund that was launched by SSS. Provident fund will allow members to enjoy higher returns on their contributions. The tax refund is opened for employed and self- employed Filipinos here and overseas.Provident fund gives additional layer of protection to contributors. Provident Fund Contributors Requirement: Available to members under 55 years of age Member must be paying maximum SSS Contributions......

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Bank hacking incident in the Philippines

Some banks and even retail stores in US have been attacked by hackers.Now, lets see what bank hacking means and how we can avoid it from happening. Bank Hacking is more profitable than kidnapping or robbery Appears victim-less because of the lack of violence (but serious financially) Involves fewer people and resources Generates more money and targets more people According to Drexx Lagui,Digital Forensic Expert, the easiest thing to do is......

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Will the 50-20-30 budget approach will work for Filipinos?

Budgeting could be easier with the expert called 50-20-30 approach. 50% goes to fixed costs, 20% to savings and investment goals and 30% to fund budget. But is this approach good or bad?  This is a great approach for those who don't know how to begin budgeting or are too clueless on how to control their spending and save a bit of money. Lets all admit that this is almost 90% of the people around us, budgeting is a very common conundrum.......

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Telcos blame inadequate infrastructure for slow internet in the Philippines

"Infrastructure limitation should mean one of the big disturbance in providing faster internet service to more Filipinos" a message from the two major telecommunications companies invited to a senate hearing on the issue in September 16, tuesday. PLDT Director Rey Espinosa said some P746 billion of capital outlay would be need to provide a minimum of 2 mbps internet speed for households all over the country.  "We have to take it into account......

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BIR strikes market investors

BIR Commissioner Kim Henares pushing to implement to ruling requiring companies to list all the list of investment receiving dividends or coupon payments.This ruling may be affecting corporate bond sales which explode since the ruling in January. Companies have sold $4.7 billion bonds here in the Philippines and trailing the $17.8 billion in Malaysia and $12.5 billion in Thailand this year. Revenue Regulation 01-14 requires all withholding......

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