Filing and paying taxes in the Philippines is one of the most physically- and mentally-demanding activities that self-employed professionals have to endure on a regular basis.
It’s even more worrisome for OFWs with businesses back home who can not tend to all the duties and responsibilities that a Philippine-based entrepreneur normally enjoys. Continue reading 5 Benefits of Filing Taxes in the Philippines (For OFW Entrepreneurs & Balikbayans)
The empty house or condo is a situation that many OFWs face. Lured by property agents, some of our OFWs end up acquiring their “dream” homes through big ticket housing loans with the hope that this “investment” will generate regular income for them through long-term rent.
Unfortunately, many of these hopes do not translate into money right away. Leaving the house unoccupied for several months or even years.
Imagine the monthly amortization you are paying plus the other expenses and costs that incurs regularly since purchasing it.
So if you have a tenant who has just moved out and for whatever reason there isn’t a new one moving in, what can you do as a landlord to make money from your empty house? Here are some of my recommendations.
Continue reading How To Turn Your Empty House or Condo Into A Money Making Machine
Many of my friends envy me as a freelancer. My neighbors, on the other hand, wonder how come I don’t leave the house every morning like other Dads do yet still afford to drive our car anytime we want. You can read their minds asking themselves, ‘how in the world is he getting the money to gas up his SUV when he’s a bum?’
In a way, a freelancer’s daily routine is a reason to be jealous of. Imagine a life that’s alarm clock-free, no rush hour commute, and short pants and tees instead of a business attire. You take control of days answering to no one but your own impulses, interrupted only by siestas, or, when the occasion calls for it, playtime with your kids.
This must be the reason why many Filipinos are choosing to get outside of the 9-to-5 route and become entrepreneurs. At this particular time, there are already over a million registered small-to-medium enterprises (SMEs), freelancers, and self-employed professionals in the Philippines, making up 99% of the total business establishments operating in the Philippines. Continue reading Filing and Paying Taxes Made Easy for the Pinoy Freelancer