news
Can I file back taxes separately?
When you prepare and e-File a tax return as Married Filing Separate, you and your spouse each file your own return. As such, you report your own individua...
Jul 21, 2026 • 0 READS
general
What is an RL 31 slip?
The RL-31 slip provides information about the occupant(s) of a dwelling as at December 31 of a given year. Tenants and subtenants use this information to ...
Jul 21, 2026 • 1 READS
updates
Is cosigning a student loan bad?
Cosigning for a loan allows your child to access a financial product that might otherwise be out of their reach. However, you do risk ruining your credit ...
Jul 21, 2026 • 1 READS
general
Can foreigners own land in the Philippines?
Philippine real estate law does not allow outright ownership of real property by foreign nationals. Filipinos and former Filipino citizens and Philippine ...
Jul 21, 2026 • 1 READS
general
What to do when a debt is canceled due to insolvency?
Lenders will typically issue a Form 1099-C to you when they cancel a debt. In order to show that some or all of the canceled debt is not taxable due to in...
Jul 21, 2026 • 0 READS
general
What is the depreciation for equipment?
Depreciation On Equipment refers to spreading the cost of equipment after deducting salvage value throughout the life span of such equipment, such reducti...
Jul 21, 2026 • 1 READS
news
Can I file a corrected 1099-MISC online?
Once the original e-filing is accepted: To file a corrected W-2, go to the SSA website and file the corrected form, W-2C electronically. You can also use ...
Jul 21, 2026 • 2 READS
news
Do you get paid when you put in your two weeks?
Generally, companies will honor the two-week notice and pay the employee for the last two weeks even if the employer does not allow the employee to work d...
Jul 21, 2026 • 1 READS
general
Who is exempted in withholding tax?
Tax exemption for individuals earning less than P250,000 An individual earning less than P250,000 a year is exempted from withholding tax, where the incom...
Jul 21, 2026 • 1 READS
general
What does the first quarter end?
In a calendar year, the first quarter (Q1) starts on January 1 and ends on March 31. The second quarter (Q2) goes through April 1 to June 30. The third qu...
Jul 21, 2026 • 1 READS
