Currently the annual limit for 13th month pay and other benefits is pegged at 30,000 PHP. That is, if you aggregate your monthly benefits given by your employer in one year and add your 13th month pay, and the sum is 30K or less, you are lucky enough to take it all home free from taxes. If you have above 30K, then surely it’s taxable. [Read more…]
Both the BIR and SEC have set out reminders in filing of income tax returns and financial statements this year. We all know very well that there are certain penalties imposed on late filings and we don’t want that. [Read more…]
Accomplish these forms when making remittances to PAG-IBIG Fund or HDMF. The Excel file is the copy of the original form and this is the one you can save to a flash drive to be copied by the PAG-IBIG branch. A requirement when you have 30 or more employees. The PDF on the other hand is a fillable or editable PDF. You can use it as a template for print out monthly. [Read more…]
How to renew your Mayor’s Business Permit? Here’s a guide to help you do just that. Make sure to renew your Barangay Clearance first before you do this one.
The Mayor’s Business Permit is just one of the legal requirements every business should have. This is to ensure that a business complies with the standards set by the city or municipality while safeguarding the interest of the public in dealing with these establishments. [Read more…]
Under Book II, Article Four, Sec 152, Paragraph C of the Local Government Code, no city or municipality may issue any license or permit for any business or activity unless a clearance is first obtained from the barangay where such business or activity is located or conducted. Thus every year businesses flock in their barangay halls for Barangay Clearance which is a pre-requisite for Business Permit. [Read more…]