Are you a qualified solo parent? There’s an important PhilHealth update you should know about! Under the Expanded Solo Parents Welfare Act, qualified solo parents and their children or eligible dependents may be covered by the National Health Insurance Program (NHIP). PhilHealth Circular No. 2026-0015, published on September 26, 2026, further clarifies their coverage and benefits. The implementation of the premium contribution subsidy for qualified solo parents was reported t

Seeing your business sales increase can be exciting! But here’s an important question: If your business makes ₱100,000 in sales, does that mean you earned ₱100,000? Not necessarily! Many business owners focus on how much they sell without looking closely at how much they actually keep after paying business expenses. Understanding the difference between Gross Sales and Net Income can help you see your business’s financial performance more clearly and make better decisions for

Many business owners think bookkeeping is simply about recording expenses, keeping receipts, and listing daily transactions. While these are important parts of the process, proper bookkeeping does much more than keep your records organized. It helps you understand where your money comes from, where it goes, and how your business is performing. You may have regular sales and many customers, but does that automatically mean your business is earning enough? Are your expenses inc

If someone asked you today, “Is your business fully compliant?” would you know the answer? Running a healthy business is not only about sales and profits. It also means keeping your registrations, permits, tax filings, records, and other compliance requirements organized and updated. A business can be doing well financially, but overlooked compliance requirements may create problems later. What Does a “Healthy” Business Compliance Status Look Like? Think of compliance like ma

Registering your business is an important milestone—but it is only the beginning. Many entrepreneurs think that once they have their DTI or SEC registration, BIR registration, and permits, they are already fully compliant. In reality, business registration and business compliance are two different responsibilities. What Is Business Registration? Business registration is the process of formally establishing your business with the appropriate government agencies. Depending on y

Running a business involves more than selling products or providing services. From business registration and permits to accounting records, government compliance, renewals, amendments, and even business closure, entrepreneurs may need to deal with different requirements at different stages of their business journey. The exact requirements will depend on factors such as the type of business, ownership structure, industry, location, and applicable government regulations. Becaus

Do you have a business registered with the Bureau of Internal Revenue (BIR) that has been inactive or neglected for some time? If you have not been able to keep up with your business compliance, you may also be concerned about penalties and other tax-related obligations that have accumulated over the years. Instead of guessing what to do next, now may be the right time to check the status of your business and review your records. Certain Tax Amnesty provisions may provide rel

Running a business involves more than generating sales, managing customers, and earning a profit. Business owners also need to understand the documents and records that support their registration, operations, accounting, and tax compliance. While the exact documents and requirements applicable to a business may vary depending on its structure, registration, activities, and tax classification, there are several common records that business owners should be familiar with. Under

Filing a tax return is an important part of running a business, but accuracy matters just as much as submitting it on time. Before submitting your return to the Bureau of Internal Revenue (BIR), it is good practice to review the information you entered and compare it with your supporting records. Different taxpayers may have different filing requirements depending on their registration, tax type, and circumstances, but a careful review can help reduce avoidable errors. Here a

Running a business already means handling customers, employees, finances, operations, and growth. Then there’s compliance. BIR requirements, tax filings, permits, registrations, amendments, and other government requirements can add another responsibility—especially when you’re managing everything on your own. For many business owners, the challenge is not knowing that compliance matters. It’s finding the time to manage it while keeping the business moving. Compliance Is Part

The BER months can bring new opportunities for entrepreneurs. With increased consumer activity and holiday spending, many aspiring business owners see this season as a good time to turn their business ideas into reality. But starting a business involves more than choosing what to sell and preparing capital. Before opening your doors or accepting customers, it’s important to build the right foundation. Here are three areas to consider before starting your business. 1. Choose t

Running a business involves more than sales and daily operations. Behind the scenes are registrations, permits, tax filings, payroll, government requirements, and other compliance responsibilities. For business owners already managing employees, customers, finances, and growth, keeping up with everything can become overwhelming. This is where having the right business consultancy partner can help. Business Compliance Has Many Moving Parts Every business has different requirem

Starting or running a business involves more than sales, customers, and daily operations. It also means managing business registration, permits, tax requirements, and other applicable compliance responsibilities. For many entrepreneurs, DTI, SEC, BIR, and LGU are common terms during business registration and operations. Understanding their basic roles can help you better manage your business requirements. Why Business Compliance Matters There is no single checklist that appli

As the BER months begin, many businesses prepare for increased customer activity, year-end transactions, holiday promotions, and other seasonal opportunities. But while you are checking your sales, inventory, staffing, and marketing plans, there is another important area to review: Are your business registration details still accurate and updated? Having a registered business is an important step, but business information can change over time. Your address, business activitie

Government procurement can provide additional opportunities for businesses that want to expand their market. Whether you supply products, provide professional services, handle construction projects, or offer consultancy services, PhilGEPS registration is an important part of preparing to participate in government procurement. The Philippine Government Electronic Procurement System (PhilGEPS) is the government’s centralized electronic procurement portal, where businesses can a

Growing your business is an exciting milestone. However, as your business expands, your current business structure may no longer be the most suitable for your long-term business goals. As your operations become more complex, your team grows, or new business opportunities arise, it may be the right time to evaluate whether transitioning from a sole proprietorship to a corporation aligns with your business needs and future plans. Signs It May Be Time to Consider Incorporation Y

Running a business comes with important tax and registration responsibilities. Failing to comply with these obligations may expose your business to penalties, administrative sanctions, and, in certain cases, the temporary suspension or closure of business operations. Oplan Kandado is a tax enforcement program of the Bureau of Internal Revenue (BIR) that may result in the temporary suspension or closure of businesses found to have committed certain violations of the National I

Starting a business or growing a small enterprise comes with many financial responsibilities. Fortunately, your business may qualify for registration as a Barangay Micro Business Enterprise (BMBE) under Republic Act No. 9178 (Barangay Micro Business Enterprises Act of 2002), which grants qualified micro enterprises certain incentives under the law. If your business qualifies and is registered as a BMBE, you may be entitled to incentives that can help support your business ope

Registering your corporation is only the first step. To remain compliant with the Securities and Exchange Commission (SEC), corporations are generally required to comply with ongoing reportorial requirements, one of which is the submission of the General Information Sheet (GIS). So, is GIS filing really required? Yes. Most corporations registered with the SEC are required to submit a General Information Sheet (GIS) in accordance with the applicable SEC laws, rules, and regula

Starting a business is an exciting step toward building a more secure and successful future. However, before commencing business operations, your business should be properly registered and obtain the registrations, permits, and licenses applicable to its nature, industry, and location. Business registration involves more than choosing a business name and submitting an application. Depending on your business structure, industry, and location, you may need to coordinate with go