^
AUTHORS
  • Articles
  • Authors
Are small benefits taxable?
by THINKING TAXES By Raymund S. Gallardo - August 1, 2005 - 12:00am
I, together with my other officemates, would like to consult you with regard our employer who instructs our accountant to withhold tax on the food allowance and economic cost of living allowance or ECOLA that he...
Not without recourse
by THINKING TAXES By Raymund S. Gallardo - September 6, 2004 - 12:00am
"I have been a registered business taxpayer in one of the Revenue District Offices in Quezon City for three years now. I have been complying with all the requirements of the Bureau of Internal Revenue by maintaining...
Desperately seeking for a tax shelter
by THINKING TAXES By Raymund S. Gallardo - August 16, 2004 - 12:00am
"I have read that if you own a company, you enjoy some sort of tax shelter for property and other income-generating assets you have. Can you tell me how this applies to Philippine laws?" (Raquel of Sumatra,...
What’s new about the DST law
by THINKING TAXES By Raymund S. Gallardo - August 2, 2004 - 12:00am
"I am interested to know the significant amendments to our DST Law through the enactment of RA 9243. I run a small consultancy office whose services are mainly to prepare documents for submission to government...
Senior citizen’s discount
by THINKING TAXES By Raymund S. Gallardo - June 21, 2004 - 12:00am
Q. "I operate one of those botika ng barangay, offering generic and generally low-priced drugs and medicines. A significant portion of my sales come from purchases made by senior citizens that are tagged 20%...
Selling the family home
by THINKING TAXES By Raymund S. Gallardo - May 31, 2004 - 12:00am
Q. "It’s mixed emotions that I feel, now that my wife and I have finally reached that phase of our married life where all of our children have settled down and have their own families. We now find ourselves...
Real estate buyers, beware
by THINKING TAXES By Raymund S. Gallardo - May 24, 2004 - 12:00am
Q. "I have been working as an employee for a manufacturing company for quite some time now. Through the years, I have saved bit by bit of what I can salvage from my humble salary. Now, I plan to purchase a vacant...
Knock, knock, who’s there? BIR!
by THINKING TAXES By Raymund S. Gallardo - April 5, 2004 - 12:00am
Q."I just received a letter from the district office of the Bureau of Internal Revenue informing me that, in a few days, their examiners will be visiting my business premises to check on my accounting books,...
First TIN
by THINKING TAXES By Raymund S. Gallardo - March 22, 2004 - 12:00am
Q. "After graduation, I promised myself not to contribute to the growing statistic of the unemployed. So, I applied for all jobs advertised in media and on the internet. Among the many documents that prospective...
Better pay than never (or advice to delinquent tax payers)
by THINKING TAXES By Raymund S. Gallardo - March 8, 2004 - 12:00am
Q.Due to financial problems, our small company was unable to meet its tax deadlines. What are some of the things that we should take note of in availing of a payment scheme to make up for our delinquent payments? A.Got...
Spouse on payroll
by THINKING TAXES By Raymund S. Gallardo - March 1, 2004 - 12:00am
Q. I am an independent contractor and my wife helps coordinate most of my projects. What are the tax pros and cons of putting her on my payroll? A. Marital dominance issues aside, the obvious reason why putting...
‘Mannah’ from a beloved aunt
by THINKING TAXES By Raymund S. Gallardo - February 23, 2004 - 12:00am
Q.I received a substantial amount of inheritance from my beloved aunt who recently passed away. Is this inheritance subject to income tax and, if so, what is the percentage that should be deducted? A.Thank heaven...
A niece as another dependent?
by THINKING TAXES By Raymund S. Gallardo - February 16, 2004 - 12:00am
Q. I have been supporting my orphaned niece, a minor, since my sister passed away. For tax purposes, can I still claim that she is a dependent even if I have three children of my own? What rules apply in this c...
A niece as another dependent?
by THINKING TAXES By Raymund S. Gallardo - February 16, 2004 - 12:00am
Q. I have been supporting my orphaned niece, a minor, since my sister passed away. For tax purposes, can I still claim that she is a dependent even if I have three children of my own? What rules apply in this c...
Home-office expenses
by THINKING TAXES By Raymund S. Gallardo - February 9, 2004 - 12:00am
("Thinking taxes" is intended for individuals such as employees, self-employed persons, and owners of small businesses (specifically sole proprietors and partnerships). As such, it will cover personal income...
1
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with