Quantumrise Mgt. Consultancy Service

22/01/2026

Percentage Tax vs VAT: Ano ang pinagkaiba?
Nalilito ka ba kung Percentage Tax or VAT ang dapat mong bayaran? Here’s a simple breakdown 👇

🔹Percentage Tax (3%)
✔️For non-VAT registered businesses
✔️Usually for those earning ₱3,000,000 and below annually
✔️Computed as 3% of gross sales/receipts
✔️Filed quarterly
🔹VAT (12%)
✔️For VAT-registered businesses
✔️Required if annual sales exceed ₱3,000,000
✔️Computed as 12% of VATable sales, less input VAT
✔️Filed monthly and quarterly

📌Key difference:
Percentage Tax is simpler but has no input tax credits.
VAT is more complex but allows input VAT deductions.

👉 Follow our page for simple, practical tax tips. Stay updated on BIR deadlines, compliance reminders, and smart money habits for business owners.

04/06/2025

15/04/2025

05/12/2024

Grand Taipan proudly unveiled Verano Greenhills, a majestic 57-floor mixed-use residential development situated on Annapolis Street.

01/12/2024

Kapag na-tax map ka ni BIR, may tatlong bagay sila tinitignan sa libro mo or sa books of accounts or bookkeeping requirements:

1. Registered ba yung books of accounts mo?
2. Nag-a-update ka daily?
3. Nasa place of business ba yung books mo?

Kasi kapag naabutan ka ng tax mapper tapos hindi registered yung books mo at hindi ka nag-a-update daily, or wala sa place of business yung books mo, subject to penalty na ranging from 1k to 50k.

For Non-VAT taxpayers, nire-recommend ko na mag register ng apat (4) na books:

📖 Cash Receipt Journal - Dito natin ini-re-record lahat ng perang pumapasok sa business mo, tulad ng loan, initial investment, or sales.

📖 Cash Disbursement Journal - Kabaliktaran ng cash receipt, dito naman natin ini-re-record lahat ng perang lumalabas sa negosyo, tulad ng bayad sa inventory, renta, delivery fees, bayad sa utang, at iba pang mga gastos ng negosyo.

📖 General Journal - Dito inilalagay yung mga transactions na hindi cash receipts at hindi cash disbursements pero may effect sa financial statements, tulad ng depreciation.

📖 General Ledger - Dito mo makukuha ang total balances ng bawat account, tulad ng cash, sales, fees and charges, withholding tax, at iba pa. And from that balances, yun ang gagamitin mo to prepare financial statements.

Yung main goal kasi talaga ng bookkeeping is not just to record yung mga transactions, but yung main objective niya is at the end of the year para makapag prepare ka ng financial statement.

Basically kaya ka nagbu-bookkeeping sa negosyo mo, hindi lang para makapag-comply ka sa requirements ni BIR at para hindi ka magka penalty.

But most importantly, ito kasi yung tool na makakatulong sayo to prepare financial statement.

Ano ba yung magiging help ng financial statement sa online business mo?

Kapag meron kang financial statement, magkakaroon kang basis kung talagang kumikita or nalulugi yung negosyo mo.

Yung mga business decisions mo, mas magagawa mo sya tama on how you can make your business more profitable kasi meron kang basis na numbers through financial statements.

Kaya kung online seller or freelancer ka, tapos gusto mo matutunan kung paano mag bookkeeping at gumawa ng financial statements...

I will allow you to access the recordings of my 3-day bookkeeping challenge last Nov 29, 30 & Dec 1.

Kung gusto mo matutunan kung paano sulatan yung apat na books: Cash Receipt Journal, Cash Disbursement Journal, General Journal and General Ledger para:

✅ Complied ka na sa requirements BIR
✅ Kapag na surprise visit ka sa tax mapping, updated yung books mo and confident ka na hindi ka magkakaroon ng penalties.
✅ Matututunan mo na rin kung paano gumawa ng financial statements para ikaw mismo maintindihan mo kung kumikita ka ba or nalulugi.

For complete details, join here:

EC TAXPH Business Community for Online Sellers

Comment "bookkeeping", para ma approve ko yung request mo.

Pagpasok mo sa group, i-click mo lang yung FEATURED post.

Nandun yung instructions kung paano ka makaka-access.

28/06/2024

Pursuant to the Ease of Paying Taxes (EOPT) and Revenue Regulations No. 8-2024, taxpayers now have the following classifications:

Micro Taxpayer - a taxpayer whose gross sales for a taxable year is less than Three Million Pesos (₱ 3,000,000.00).

Small Taxpayer - a taxpayer whose gross sales for a taxable year is Three Million Pesos (₱ 3,000,000.00) to less than Twenty Million Pesos (₱ 20,000,000.00).

Medium Taxpayer - a taxpayer whose gross sales for a taxable year is Twenty Million Pesos (₱ 20,000,000.00) to less than One Billion Pesos (₱ 1,000,000,000.00).

Large Taxpayer - a taxpayer whose gross sales for a taxable year is One Billion Pesos (₱ 1,000,000,000.00) and above.

For your guidance, please refer to Revenue Regulations No. 8-2024 which can be accessed through the following link: https://bit.ly/RR8-2024