Gensan Freelance Bookkeeping

20/06/2026

📌 **What is a BIR Certificate of Registration (COR)?**

A **BIR Certificate of Registration**, usually **BIR Form 2303**, is the official document issued by the BIR showing that a person or business is registered as a taxpayer.

It includes important details such as:

✅ TIN
✅ Registered name
✅ Business address or branch
✅ Registered tax types
✅ Filing and payment obligations

**Why is it important?**

Your COR serves as proof that your business is legally registered with the BIR. It is commonly required by banks, landlords, suppliers, platforms, and clients as part of compliance documentation.

It also tells you what taxes you need to file and pay, such as income tax, VAT or percentage tax, and withholding taxes. This helps you avoid missed filings, wrong tax returns, and possible penalties.

The COR is also important during BIR inspections because revenue officers may check if it is displayed and if the details match your actual business information.

📍 **Reminder:**
The BIR requires the COR to be displayed in a visible place at your principal place of business. If you have branches, each branch should also have its own COR displayed.

For online or home-based businesses, it is still best to keep your COR posted or readily available at the registered business address stated in your BIR registration.

Stay compliant. Keep your BIR registration documents updated and properly displayed. ✅



For informational purposes only. For specific concerns, consult a tax professional or the BIR.

19/06/2026

📢 BIR Update: Registration Seal Badge via ORUS para sa Business Taxpayers na Walang Update sa COR

Naglabas ang BIR ng Revenue Memorandum Circular No. 64-2026, dated/received June 18, 2026, tungkol sa supplemental guidelines sa pag-generate ng Registration Seal Badge gamit ang Online Registration and Update System o ORUS.

Ang circular na ito ay para sa existing business taxpayers na may Certificate of Registration (COR) o Electronic COR (eCOR) pero wala pang corresponding Registration Seal Badge, at walang kailangang i-update sa registration information.

Sino ang covered?

Covered dito ang mga business taxpayers na:

✅ May existing COR or eCOR
✅ Wala pang Registration Seal Badge
✅ Walang changes/updates sa registration details
✅ Kailangan mag-display ng Registration Seal Badge online, lalo na kung may online presence or digital income activities

Paano kumuha ng Registration Seal Badge sa ORUS?

Ayon sa RMC, ito ang process:

Step 1: Log in sa ORUS
Kung hindi ka pa enrolled, kailangan gumawa muna ng ORUS account.

Step 2: Synchronize Registration Record
Pumunta sa Profile Page by clicking the “Profile” icon sa bottom part ng page.
Pagkatapos, i-click ang “Synchronize” button para ma-update or ma-sync ang registration record.

Step 3: Proceed to “Certificates and Permits”
Hanapin ang section na Certificates and Permits sa ORUS.

Step 4: Download the latest COR with QR Code and Registration Seal Badge
I-download ang latest COR with QR Code, kasama ang Registration Seal Badge.

Important: May ₱30.00 Documentary Stamp Tax (DST) na kailangang bayaran online through BIR ePayment Channels.
Taxpayer must keep the proof of payment.

Saan dapat i-post ang Registration Seal Badge?

Ang Registration Seal Badge ay dapat i-display sa mga online platforms or pages kung saan nag-ooperate or kumikita ang taxpayer, tulad ng:

✅ Online website
✅ E-marketplace seller or merchant page
✅ E-commerce shop
✅ E-commerce platform
✅ Mobile application
✅ Pages ng bloggers
✅ Vloggers
✅ Live streamers
✅ Content creators
✅ Influencers
✅ Individuals earning from online views
✅ Advertisements
✅ Affiliate commissions
✅ Brand sponsorships
✅ Similar monetized digital activities

Sa madaling salita:
Kung kumikita ka online through business, content, selling, ads, affiliate, sponsorships, or digital platforms, kailangan mong i-display ang Registration Seal Badge in lieu of posting the physical COR or eCOR online.

Quick Reminder

Hindi ito para sa taxpayers na may kailangang baguhin sa registration details. Kung may update ka sa business information, ibang process ang applicable.

Pero kung existing taxpayer ka, may COR/eCOR ka na, wala kang update sa registration info, at kailangan mo lang ng Registration Seal Badge, puwede mo itong i-generate through ORUS following the steps above.

📌 Source: BIR Revenue Memorandum Circular No. 64-2026.



For informational purposes only. For specific concerns, consult a tax professional or the BIR.

19/06/2026

📌 WHAT IS eBIRFORMS? (SIMPLE GUIDE FOR TAXPAYERS & BUSINESS OWNERS)

eBIRForms is the BIR’s offline tax preparation system that allows taxpayers to prepare, validate, and generate tax returns electronically before filing.

💻 WHAT IT DOES

✔ Lets you fill out BIR tax forms offline
✔ Automatically validates entries to reduce errors
✔ Generates printable/electronic tax returns
✔ Standardizes BIR return format for submission

📊 WHAT FORMS CAN BE PREPARED?

Commonly used for:
✔ Income tax returns
✔ VAT / Percentage tax returns
✔ Withholding tax returns
✔ Other BIR-required filings

👤 WHO USES eBIRFORMS?

✔ Self-employed individuals
✔ Professionals (freelancers, consultants, etc.)
✔ Small and medium businesses
✔ Some taxpayers required/allowed by BIR for e-filing

⚠️ Some taxpayers may instead be required to use eFPS (Electronic Filing and Payment System) depending on classification.

📌 HOW IT WORKS

1️⃣ Download and install eBIRForms package
2️⃣ Encode your tax details offline
3️⃣ System validates entries automatically
4️⃣ Generate final form (PDF/XML)
5️⃣ Submit electronically or print for manual filing (depending on requirement)

⚠️ IMPORTANT REMINDERS

✔ Always use the latest eBIRForms package from BIR
✔ Each form inside the package must also be updated (not just the installer)
✔ Outdated forms may cause filing errors or rejection

👉 BIR updates forms periodically, so always double-check form versions before filing.

💡 WHY IT MATTERS

📊 Helps reduce filing errors
📊 Standardizes tax reporting
📊 Makes compliance easier and faster
📊 Supports accurate BIR submission requirements

📌 REMINDER:
Using eBIRForms correctly helps ensure accurate, complete, and compliant tax filing—but you must still verify form versions and filing requirements.



For informational purposes only. For specific concerns, consult a tax professional or the BIR.

18/06/2026

📊 WHAT IS THE 8% INCOME TAX OPTION? (SIMPLE GUIDE FOR BUSINESS OWNERS & FREELANCERS)

The 8% income tax rate is an optional tax regime under the TRAIN Law for qualified self-employed individuals, professionals, and mixed-income earners.

It is designed to simplify taxation—but only if you fully understand how it works.

📌 WHO CAN AVAIL?

You may opt for 8% tax if ALL apply:

✔ Self-employed or professional (freelancer, consultant, small business owner)
✔ Not VAT-registered
✔ Gross sales/receipts + other non-operating income ≤ ₱3,000,000 per year
✔ Registered with the BIR as business/professional taxpayer

⚠️ If you exceed ₱3M → you become VAT-registered and lose 8% eligibility.

📊 WHAT DOES THE 8% REPLACE?

If you qualify and opt in, it generally replaces:

✔ Graduated income tax rates (for business income)
✔ 3% Percentage Tax

👉 BUT IMPORTANT:
It only applies to business/professional income, not employment income.

💡 TAX BASE EXPLAINED (IMPORTANT)

The 8% tax is based on:

👉 Gross Sales / Gross Receipts / Gross Professional Income

❌ No expense deduction (no itemized or OSD benefit)
✔ Simpler computation
✔ Less paperwork, but higher base tax if expenses are large

🧾 DETAILED COMPUTATION RULES
🟢 1. PURELY SELF-EMPLOYED / PROFESSIONAL

✔ Eligible for ₱250,000 deduction
✔ Then 8% applies to the remaining amount

📌 Example:

Gross receipts: ₱900,000

Step 1:
₱900,000 – ₱250,000 = ₱650,000

Step 2:
₱650,000 × 8% = ₱52,000 tax

🟡 2. MIXED-INCOME EARNER

(Example: employed + side business)

✔ Salary is taxed separately via employer withholding
✔ ₱250,000 exemption is already used on compensation income
✔ 8% applies FULLY on business income

📌 Example:

Side business income: ₱900,000

Step 1:
₱900,000 (no deduction applied)

Step 2:
₱900,000 × 8% = ₱72,000 tax

⚠️ IMPORTANT LIMITATIONS

❌ Cannot deduct business expenses (rent, utilities, supplies, etc.)
❌ No itemized deduction system
❌ No Optional Standard Deduction (OSD) benefit
❌ Must strictly monitor gross receipts threshold (₱3M cap)

📅 WHEN IS IT APPLIED?

✔ Usually chosen during initial registration or early tax filing
✔ Election is made annually (once chosen, applies for that taxable year)
✔ Must clearly indicate in tax filings

🚨 COMMON MISTAKES

❌ Thinking 8% applies to net income (wrong)
❌ Mixing compensation + business incorrectly
❌ Not tracking gross receipts properly
❌ Assuming expenses reduce tax (they don’t under 8%)
❌ Exceeding ₱3M without switching to VAT system

📊 PRACTICAL INSIGHT

✔ Best for: low-expense freelancers, service providers, consultants
❌ Not ideal for: businesses with high operational costs

👉 Rule of thumb:
If your expenses are low → 8% is beneficial
If your expenses are high → graduated + deductions may be better

💡 FINAL REMINDER

The 8% tax option is simple—but only if:
✔ You track income correctly
✔ You understand what is taxable
✔ You stay within BIR thresholds
✔ You maintain clean records

📊 Compliance = proper classification + accurate reporting + consistent bookkeeping



For informational purposes only. For specific concerns, consult a tax professional or the BIR.

10/06/2026

🚨 BIR DEADLINE EXTENDED FOR EARTHQUAKE-AFFECTED TAXPAYERS! 🚨

Attention taxpayers under RDO 110 (General Santos City & Sarangani) and RDO 111 (South Cotabato)!

📅 Extended Until: June 30, 2026

The BIR has extended the filing and payment deadlines for the following Withholding Tax Returns:

✅ BIR Form 0619-E – Expanded Withholding Tax
✅ BIR Form 1601-C – Withholding Tax on Compensation
✅ BIR Form 0619-F – Final Withholding Tax

📌 Other tax returns, payments, registrations, and required submissions covered under RMC No. 62-2026 are likewise extended until June 30, 2026.

⚠️ Taxpayers who comply within the extended period will not be subject to penalties, surcharges, and interest.

06/06/2026

📢 ARE YOU A VAT-REGISTERED TAXPAYER?

One of your most important quarterly tax obligations is the filing of BIR Form 2550Q (Quarterly VAT Return).

This return is used to report your sales, purchases, Output VAT, Input VAT, and determine whether there is VAT payable or excess input VAT credits for the quarter.

Many taxpayers mistakenly believe that no filing is required if there were no sales or transactions. However, as long as your VAT registration remains active, filing requirements generally continue to apply.

⚠️ Failure to file on time may result in penalties, interest, and other compliance issues.

✅ Keep your books of accounts updated.
✅ Maintain complete sales and purchase records.
✅ Reconcile your transactions regularly.
✅ File your VAT returns on or before the prescribed deadline.

Remember: Tax compliance is more than just filing returns—it starts with proper bookkeeping and accurate recordkeeping.

📊 Stay compliant. Stay organized. Stay audit-ready.



Note: This post is for information purposes only and is not professional advice. For specific concerns, please visit the BIR or consult a tax professional.

05/06/2026

📊 ARE YOU A VAT-REGISTERED TAXPAYER? DON'T FORGET YOUR SLSP REQUIREMENT!

Many business owners focus on filing their Quarterly VAT Return (Form 2550Q) but overlook another important compliance requirement—the Summary List of Sales and Purchases (SLSP).

SLSP is a detailed quarterly listing of your sales and purchases that should match your VAT returns, books of accounts, and supporting invoices. Any discrepancies may raise compliance concerns during tax verification or audit.

✅ Accurate sales and purchase records
✅ Proper reconciliation with VAT returns
✅ Correct customer and supplier information
✅ Timely submission of required reports

Remember: Tax compliance is not just about filing returns—it's about maintaining complete, accurate, and consistent records.

Keep your books updated, reconcile your transactions regularly, and stay compliant.

📒 Good bookkeeping today can prevent compliance issues tomorrow.



Note: This post is for information purposes only and is not professional advice. For specific concerns, please visit the BIR or consult a tax professional.

04/06/2026

🚨📊 BUSINESS OWNER, ARE YOU A VAT TAXPAYER? 📊🚨

Maraming nag-aakala na kapag VAT-registered ka, tungkol lang ito sa pag-file at pagbabayad ng buwis tuwing quarter. Pero ang totoo? It’s all about proper bookkeeping, complete records, and accurate reporting! 💼✨

Kapag hindi mo na-manage nang maayos ang iyong mga libro at resibo, napakalaki ng chance na masita ka ng BIR at magka-penalty. 😱

Para iwas-stress, narito ang mga importanteng compliance requirements na dapat mong malaman:

📌 SINO BA ANG MGA VAT TAXPAYERS?
✔ Mga negosyong kumikita ng ₱3M+ taon-taon.
✔ Mga businesses na voluntarily nagpa-VAT registered.
✔ Lahat ng nagpo-provide ng VATable goods or services.

🧾 REQUIRED BOOKS OF ACCOUNTS
Hindi pwedeng pagsama-samahin o hula-hulaan lang ang mga entries! Dapat kompleto ka sa mga librong ito:
📊 Subsidiary Sales Journal – Lahat ng benta mo (VATable, exempt, zero-rated).
📊 Subsidiary Purchase Journal – Lahat ng binili mo na may VAT supporting docs.
📒 General Journal – Para sa mga adjustments, corrections, at accrual entries.
📘 General Ledger – Ang pinaka-summary ng lahat ng accounts mo.
💵 Cash Receipts Journal – Lahat ng perang pumapasok o cash inflows.
💸 Cash Disbursement Journal – Lahat ng perang lumalabas o cash outflows.

🧾 VAT INVOICING RULES (Wag na wag itong kalimutan!)
✔ Required na gumamit ng VAT Sales Invoice / Official Receipt.
✔ Dapat malinaw na nakalagay ang 12% VAT breakdown.
✔ Complete dapat ang details (TIN, serial number, buyer/seller info).

📊 VAT FILING REQUIREMENT
📌 BIR Form 2550Q (Quarterly VAT Return)
🗓 Deadline: Dapat itong ma-file on or before the 25th day pagkatapos ng bawat quarter.

⚠️ MGA COMMON COMPLIANCE ISSUES (Iwasan mo 'to!):
❌ Late filing ng VAT returns.
❌ Nawawala o kulang ang mga official invoices/receipts.
❌ May mga benta na hindi naideklara (Undeclared sales).
❌ Maling VAT classification sa produkto o serbisyo.
❌ Unupdated o walang laman ang Books of Accounts.

💡 ALWAYS REMEMBER:
VAT Compliance = Correct Recording + Proper Invoicing + Accurate Reporting! 🎯

Huwag mo nang hintayin na BIR pa ang kumatok sa pinto mo. Stay compliant, stay audit-ready, at siguraduhing updated lagi ang iyong mga libro! 📈💼



Note: This post is for information purposes only and is not professional advice. For specific concerns, please visit the BIR or consult a tax professional.

04/06/2026

03/06/2026

🚨 BUSINESS OWNERS: ALAM MO BA ANG BIR FORM 0619-E?

Kung ang business mo ay nagbabayad ng rent, professional fees, contractors, o suppliers—posibleng may Expanded Withholding Tax (EWT) ka na dapat nire-remit monthly.

👉 BIR FORM 0619-E = Monthly Remittance of EWT
👉 Kung nag-withhold ka ng tax, kailangan itong i-file at i-remit every month

📅 Deadline: on or before the 10th day of the following month

📊 Reminder: Tax compliance is not just filing—it’s complete documentation and proper reconciliation.



Note: This post is for information purposes only and is not professional advice. For specific concerns, please visit the BIR or consult a tax professional.