REGISTRATION, TAX COMPLIANCE AND BOOKKEEPING FOR ONLINE SELLERS, PROFESSIONALS AND FREELANCERS
ARE YOU AN ONLINE SELLERS, PROFESSIONALS AND FREELANCERS or Start up Business Owners?
this course is right for you!
This course provides online sellers, professionals and freelancers with practical guidance on Government compliance and bookkeeping practices tailored to their business operations. Participants will learn the fundamentals of Philippine tax regulations and compliance, registration procedures, tax planning, and essential bookkeeping techniques to manage their finances effectively and meet legal obligations.
Course Objectives:
- Understand the basics of the Philippine tax system as it applies to online selling, professionals and freelancers
- Learn how to register as a taxpayer and fulfill tax obligations as an online seller, professionals and freelancers.
- Identify tax exemptions, deductible expenses and incentives to optimize tax liabilities.
- Develop proficiency in maintaining organized financial records and basic bookkeeping.
- Familiarize with tax forms and deadlines for filing taxes accurately and on time.
- Implement strategies for proactive tax planning and risk mitigation.
Lesson proper
LESSON 1 How to register as Business or Professional, Freelancers
- Why it’s important to register for taxes as an online
seller, professionals and freelancers? - Steps to register for taxes as an online seller,
professionals and freelancers in the Philippines
LESSON 2 Business Taxes, Deadlines and Penalties
- Income Tax
- Value-added Tax (VAT)
- Percentage Tax
- Withholding Tax
- Deadlines for filing and paying taxes
- Penalties for late or non-payment
LESSON 3 Tax Planning for Online Sellers, Professionals and Freelancers
- Tax planning techniques to minimize tax liabilities
available for online sellers, professionals and
freelancers - Common Tax Mistakes Made by Online Sellers, &
Freelancers
LESSON 4 Understanding Tax Regulation
- Invoicing & Bookkeeping Requirements, Retention
Policy and Annual Compliance - What is Tax Mapping?
LESSON 5 Bookkeeping Fundamentals for Online Sellers
- Importance of maintaining accurate financial
records - Basic bookkeeping techniques and software tools
for small-scale online businesses
LESSON 6 BIR Tax Compliance
- How to File Tax Return using eBIRForms and
ePayment - How to file VAT Relief, Alphalist and submit to
BIR - Proper documentation of BIR Tax Returns and
other reports
LESSON 7 Advantage of Cloud Based Accounting Software and Virtual Office
- Advantage of Using Cloud Based Accounting
Software - Advantage of getting Virtual Offices
