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“Death, taxes, and childbirth! There's never any convenient time for any of them.” - Margaret Mitchell, Gone with the Wind
If you have just recently transitioned from corporate employment to freelancing, you may be asking the following questions:
- How do I handle taxes?
- Is there a hassle-free way of doing it?
- What kind of taxes and how much does a freelancer usually pay?
If you're scared that what Margaret Mitchell said was true, don't worry, we're here to help and make it a little more convenient for you.
This Monday, we are going to discuss "What Every Pinoy Freelancer Should Know About Taxes in 2020."
This is important because:
1. It's the right thing to do. Failure to pay your taxes can have some problematic consequences.
2. You are contributing to the economic growth of the country and helping the government operate.
3. Income tax returns are usually required when you are securing a loan or applying for a travel visa.
When you were still working as an employee, handling taxes was probably painless for you since your employer just deducts them automatically every payday. As a freelancer, you will have to deal with it differently this time.
It may look and feel inconvenient especially if you are doing it for the first time. But you don't have to face it alone. In this LIVE event, we will do our best to clarify questions and share best practices so you can save time and energy and have more peace of mind.
Watch the replay here.
watching from Laguna, hi po.
Good afternoon guys!
Helo po. watching from laguna 😀
hello everyone, watching from Benguet 🙂
Trece Martires City
Watching from 17kms distance from Taal Volcano,Malvar Batangas,
hello happy monday everyone
Watching from q.c.
Watching from siargao
watching from Gensan
Hello everyone
Good afternoon. From government employee to freelancer what BIR Form to fill up to change this status?
I
hi po sir Marv, Im planning po kasi to pay taxes for this year, and medyo malayo kami sa city, meron naman pong BIR dito sa municipality pero minsan walang tao sa office nila, pwede po kaya sa Taxumo ako mg.apply or mag.register? first time ko po if ever 😀
Watching from Caloocan city.
Hi all from Antipolo City
true po sir marv baka mapunta sa mga bulsa ng iilan lang...kaya ang iba po hindi nagbabayad ng taxes
Hello po. sa akin, reluctant ang pinoy magbayad ng taxes kasi ndi sila aware. lalo na ung mga blue collar na tulad ng construction worker or tindera sa tindahan - hindi po nila alam. kaya nagkagulatan noon nung diniscuss ng govt ung tungkol sa VAT. pero pag sa company ka or pabrika, aware ka, kasi nababawasn ung sweldo mo.
Ano ano po ang mga taxes ng isang freelancer?
Maganda pa rin ang may tax kesa wala
We pay taxes to maintain order in the city we are living in.
Kase mag out of the country ka nred po yang tax
In as much as I hate taxes, I want to be a law-abiding citizen 😀
We pay because it's an obligation.
We have to pay our taxes correctly otherwise be ready for penalties/interest/corruptions
Hi need po talaga natin mag pay ng taxes kasi yun ang source ng mga basic needs natin na provided by the government kung hindi man tau direct na nag benefit, sa ibang mga less privilege.
How to transition from an employee to a feeelancer?
we pay taxes as part of the country we live and its our responsibility
Bohol po 😀
We need to pay taxes because it will goes to our government projects: such as government hospitals, calamity funds, schools, and etc.etc. we should be proud to pay taxes because we give our share to our countrymen
hello po. kung newbie ka, ilan ang earnings mo dapat, para mag isip ka na need mo na magbayad ng tax? pag kumita po ba ng $5 ay kailangan na? thank you po 😀
thank you po 🙂 🙂
May fb page po ba ang taxumo?
Mahar paki:
https://www.taxumo.com/business-registration/freelancer
Sir, i need to register also kc from employee to proprietor?
Question lang po, example: kung ang kinikita ko po ba ay nasa 25k /month, kailangan ko na po ba mag bayad ng tax as self employed.. ano po ang category na dapat namin i fill out
as freelancer po we are considered as an employee, withholding taxes lang po ang binabayaran ng isang employee pero commission lang ang binabawas ng mga platform sites. Are we going to change our status from an employee to business owner?
Hi po, got registered last December 2019, I would like to ask po, how to compute income if the client is from upwork since nagvvary po ang conversion ng dollar. Also, would like to ask po if service fee (upwork) consider as expenses? Thansk po.
Puede ba mag file pero hindi I declare Yung real earnings? I mean would anyone from the BIR know that? At lahat ba talagang nag file ng Tama?
Itimidation is really their strategy
Stupid question lang po. What if I’m a part-time freelancer na hindi naman kumikita regularly, how will I know how much ang ibabayad for taxes?
http://www.taxumo.com
sorry am late, watching from Taguig
Okay po, thank you..
Hi there guys, came in late - have gotten busy at the office. Great topic, as usual. Great resource person - Marv de Leon of Freelance Blend (di lang pala ako ang late - re EJ :-)).
sir marv correct me po if I'm wrong po. once you are registered and started paying taxes you have to be consistent on doing these kasi po once na may hindi ka naifile you will be penalized for non filing.
The benefits of reporting your earnings (accurate or otherwise) greatly outweighs the risk of not reporting these.
Thanks for the info
Filing..pero kung may business..on a practical note.. good credit rating yan and kung may business..good investor value sa future.
Thanks very informative
Galing andami ko natutunan. Thanks for this
Sir Phoenix naka mute ka po.
Thank you for the information
I just registered this january. So what must I take note of so I can file quarterly?
Is this recorded po ba? Late kasi ako
thank you po for answering ung mga questions. it is very helpful for us.
so little time.... for a very interesting topic...what about part 2
[email protected]
Thank you for today's topic, Chat & Chill..
Thank you Phoenix and speakers!!!
Thanks po and bye
Go go bro Noe Jr Ong
Watching from Baguio City!
yes
Hi po, from Muntinlupa
Thanks again everyone for having us. Just tag me if you still have questions about registration and taxes. Don't forget to visit http://www.txmo.co/FLIP and use the code FLIP when you subscribe to get a discount. 🙂
Hello po from cabuyao laguna here