BUSINESS NAME REGISTRATION REQUIREMENTS

The first step to registering your business is securing a business name. Having a business name will instill confidence in your customers and protect your business name against those who may wish to use it as well. For Single Proprietorship1. Must be a Filipino citizen, at least 18 years old2. Filipinos whose names are suggestive […]

SETTING UP YOUR BUSINESS

To ensure full and legal operation of your business, proper registration is paramount. Whether you’re starting an online store, a neighborhood shop, or building an office, the first step is to register your business with the Department of Trade and Industry, Bureau of Internal Revenue, and Social Security System (SSS). Starting up a business in […]

HOW TO REGISTER A BUSINESS NAME

You may apply directly with the DTI office where your business will be located or through the online facility, Web-Enabled Business Name Registration System (WEBNRS). 1. CHOOSE A BUSINESS NAMEWe suggest you think of at least three business names in case your first preference cannot be registered. If the name you have chosen is already […]

WHAT IS AN ACCEPTABLE BUSINESS NAME

Your startup needs a name, and it may be the most important decision you make. The name of your business has a tremendous impact on how customers and investors view you, and in today’s small world, it’s a world-wide decision. In determining whether a proposed business name for registration is acceptable, the following factors shall […]

WHAT IS TRAIN LAW (RA 10963)?

TRAIN basically stands for Tax Reform for Acceleration and Inclusion (Republic Act No. 10963) As the first package of the comprehensive tax reform program (CTRP) created under President Rodrigo Duterte’s administration, this bill envisions a simpler, efficient and fair tax system in the Philippines that lessens the burden for the poor and the middle class. […]

WHAT’S IN THE APPROVED PHILIPPINE TAX REFORM (TRAIN)?

As we welcome 2018, we also welcome a new law that would govern the entire Filipinos. The new Tax Reform for Accelaration and Inclusion (TRAIN), also referred to as Republic Act No. 10963, was finally passed into law after President Duterte signed it last December 19, 2017. Here is a summary of the TRAIN or […]

NEW PHILHEALTH (PHIC) CONTRIBUTIONS EFFECTIVE JANUARY 2018

Philippines Health Insurance Corporation, otherwise known as Philhealth, through the memorandum circular 2017-0024, has just announced adjustments to the premium contributions of the employed sector in order to sustain the National Health Insurance Program (NHIP) which will take effect on January 2018. These adjustments to the NHIP premium contributions is requisite so as to sustain […]

PHILIPPINE PERSONAL INCOME TAX RATES (2018)

The new Tax Reform for Acceleration and Inclusion (TRAIN) program, otherwise known as Republic Act No. 10963, has been signed into law by President Duterte on December 19, 2017. The bill which envisions a simpler, efficient and fair tax system in the Philippines that lessens the burden for the poor and the middle class will […]

HOW TO RENEW BUSINESS PERMITS

Cheers!! We’ve just started 2018 and with this New Year comes another chance to make things right. Since it is time for new beginnings, for a lot of people, the New Year implies the possibility of exploring new things, while for others, it is a great opportunity to renew old ties. Speaking of renewals, the […]

BIR FORM 2316: WHAT TO KNOW AND HOW TO FILE IT

WHAT IS BIR FORM NO. 2316? The Bureau of Internal Revenue (BIR) Form 2316, also known as the Certificate of Compensation Payment or Tax Withheld for Compensation Payment, is a certificate issued by the employer to its employees receiving any forms of remuneration such as salaries or wages during the calendar year. The form is […]