Need Advice: Going Tax Legit

[HTjr]

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Hello fellow business minded peps ^_^
Need advice sa among small grocery na naa diri province. Sad to say, as much as i want to, we are not that legit jud when it comes with the taxes but lisud jud ang ways diri. You can expect the least help from them and if you let them they'd suck all the blood out of you. Nahan tako mag legit, i want to pay unsay dapat kay i know in this way makatabang gihapun ko ato country(char) or at least just to clear my conscience

Questions:
1. Unsay mga pwede deductibles sa gross sales
2. Unsay other goods na walay evat other than sa bugas.

....be psoting more Q, just desperate

Thanks and God Bless

[nodols3]

Nice kaayo imo intention bro and I respect that.

But mind you, a lot of rich businessmen will do anything to avoid taxation.
Due to some reasons which is way beyond this topic.

I guess the best way is to hire or talk to an account when it comes to matters like this.
I don't know if we have one here in Istorya.

A word of advice from D. Trump, "If something is going to affect you, it is best to know everything about it."

Ask lang sad ko sa nature sa imong business ta.

[HTjr]

Grocery bro, dugay dugay nasad around 15-20 years. One of my reasons kay hasul man gud tago2x.hehe which requires us to do things manually. Like walay POS and manual inventory. Unsa man ma suggesst nimo bro??

[nodols3]

Ah ok..best way is to hire an accountant, even an accounting graduate student with experience in bookkeeping can do the job.

If naa unta ka diri sa Cebu bro, naa ko marecommend nimo...

[britannica]

dli man kusog manakop ang goberno kung mga mini grocery ra....
ang dpang dakop nila kanang mga dagko...kanang mo halin ug dagko...
onsa mani kadako nga grocery

[cyraxx]

ur lucky ur not in cebu city

[rescyth]

wow 15-20 years but seriously there are advantage na mag bayad ka ug tax besides d ka ma preso ug ma multahan kng masakpan. Sa mga deductibles daghan ka ma claim for "tax returns" by the end of the year. About sa evat kay no earth ko ana pero sa taxes kay I file our own tax here but it should be the same as the philippines.

Questions:
1. Unsay mga pwede deductibles sa gross sales?
ALmost anything pwede ma deduct as long as related to business(or bsag e claim lng related to business wink wink)

1. Gas for transportation
2. Any trip
3. Expired products e write off lng
4. PC,TV or bsag unsa basta maka lusot lng kunohay ka na in need jd sa business(depreciation)
5. Donations

those are just a few. wa plng ko mahunahunaan karn na lain kay bag o pako mata. cge good luck

[HTjr]

.Hmmm, marecommend na accountant? yup we do have one, family friend ra sad but kana laging di ta makabalo sa details kay muingun ra unsay ibutang na limit per reciept. not that "mini" man sad gud average 50k per day.

[nodols3]

.Hmmm, marecommend na accountant? yup we do have one, family friend ra sad but kana laging di ta makabalo sa details kay muingun ra unsay ibutang na limit per reciept. not that "mini" man sad gud average 50k per day.

Hhmm...

Hehe watch out sa BIR bro.
Dapat gyud diay na i-legitimize na.

Naa ko kaila who specializes on these matters.
He knows all the details and mga pasikot-sikot sa government..
I believe it's best nga kamo ang mag talk.

PM me lang..

[C.P.A.]

Questions:
1. Unsay mga pwede deductibles sa gross sales
2. Unsay other goods na walay evat other than sa bugas.

....be psoting more Q, just desperate

Thanks and God Bless

1. Deductibles from gross sales:
Salaries and Allowances
Fringe Benefit
SSS, GSIS, Medicare, HDMF and Other Contribution
Commission
Outside Services
Advertising
Rental
Insurance
Royalties
Repairs and Maintenance
Representation and Entertainment
Transportation and Travel
Fuel and Oil
Communication, Light and Water
Supplies
Interest
Taxes and Licenses
Losses
Bad Debts
Depreciation
Amortization of Intangibles
Depletion
Charitable Contribution
Research and Development
Amortization of Pension Trust Contribution
Miscellaneous