Finance

“To register as VAT or Non-VAT, that is the question.” To those keen on investing or have already started their business engagements, you picked the Philippines as the right choice. However, tax payments and registration, is going to be one mean stumbling block. Needless to say, it’s probably more challenging than drawing up your business … Read more

Although various localities have specific mechanisms, nearly everyone has a process to appeal or grieve one’s real estate taxes. In most cases, this can either be done by oneself, or you can hire someone else (or some company) to do so, for you. Why would someone grieve his real estate taxes? One reason might be … Read more

Owning a home is definitely an expensive affair, as property taxes can be extremely burdensome. Annual property tax bills tend to rise steadily over time and that’s the reason behind paying the hefty amount paid in property taxes. The taxes keep coming even after paying off the mortgage, which makes it an infinite expense. Most … Read more

The mere mention of taxes often inspires fear in the minds of taxpayers. Whether you’re an individual or a small business owner, filing a tax return is something you simply can’t avoid. The old days when anyone could fill out a simple return are fast disappearing. This is especially true if you have a complicated … Read more

Several taxpayers have not filed taxes for nearly a decade. In fact, some have never filed their taxes. So many wonder about what will be the statute of limitations for unfiled tax returns. Some people are not in a position to pay the IRS, so they wonder if it is better to file only after … Read more

A tax return needs to be completed once a year, paper tax returns must be done by the end of October, and online ones need to be done by the end of January of the following year. If you have an accountant they will talk to you through all of this and tell you what … Read more

One of the first principles an American tax professional learns is that Uncle Sam gets to share in income “from whatever source derived.” The Tax Code specifies that gross income includes income from any source not specifically exempted by statute. This makes the law flexible enough to encompass all sorts of ways of earning money … Read more

So you have only just started earning and are on the path of self discovery especially with regards to your financial life, right? And one of the vital aspects to that would be – taxes. Understanding tax is not easy, but very much necessary. So, lets take it one step at a time – we … Read more

So many people are going with online software or websites that allow you to do your taxes on your own. These services are easy to use and do a good job for what they offer, but the real question is, are you getting the most out of your income tax or do you even know … Read more

Not long ago, I was discussing the controversies of ObamaCare in the media, around October and November of 2013. You will probably recall the unfortunate roll-out of the $600 million website, and the massive cancellations of private health insurance policies, after people were previously promised on many instances, by the President himself no doubt, that … Read more