Are you one of those freelancers who still ask why you need to pay your taxes?

I have heard many freelancers express their fear and disappointment about paying their taxes. “Why should we pay when we don’t have a stable income?” “Why should we pay when we can hide what we earn since we earn online?… the government doesn’t have to know!” Well, for the record, it’s not only freelancers who feel this way. For the longest time, this has been the sentiment of Filipinos in general.

It’s tough to live in a country where tax laws are so complicated. These laws are so complicated that you end up not paying at all. It’s difficult balancing understanding taxation with looking and working for clients as a freelancer. There’s just not enough time.

If you are facing these same dilemma as a freelancer, then I am here to tell you that there is nothing to fear. Instead of thinking of all of the disadvantages, let me share with you why I pay taxes as a freelancer. Let me give you the lo down why it’s actually beneficial to pay taxes and become “legit” self-employed individuals.

Enjoy your income! Enjoy being a Freelancer.

What good is hard-earned money when you can’t enjoy it. We all want to travel, have cars, own a house, etc. But in order to get our VISA approved or our car or home loans approved, we need to show proof of income. Since we are not “employed”, we don’t have a payslip to show or a Certificate of Employment to present. The chances that our VISA will be denied is high.

When you regularly pay your taxes as a freelancer, you have your tax forms that you can show as supporting document when you apply for a VISA or for loans. Your chances to get approved are higher, and you don’t have to worry about not ever having any proof of income. Remember though that you need to be a regular and consistent tax payer, meaning you have tax forms for every kind of tax that you need to pay and you never skipped filing / paying your taxes. To make it easier for you, you can check out https://www.taxumo.com to help you with your taxes.

 

Easily verify your PayPal account and will never encounter problems if your Business Documents are in place

PayPal is now strict when it comes to presenting proof of your existence. PayPal will require you now to present these “proofs”. This I think is a good move. This keeps all scammers away and protects all of us non-scammers! Here are the requirements from PayPal.

Proof of Identity: Present a valid proof of identity

PayPal accepts a copy of:

  – Your national ID card (front and back),

  – Your driving license (front and back),

  – Your Passport, or

  – Other photo ID that was issued by a government body

All of the information below must be visible on the document:

  – First and last name

  – Date of birth

  – Date of issue and expiry

  – Document ID number

Note: The document needs to be fully visible. Partial documents cannot be accepted as a valid proof of identity.

 

Proof of Business Address: Verify your business address by providing a valid proof of address

PayPal accepts a copy of:

  – Utility bills (phone and broadband services, health insurance, gas, water, electricity, etc.)

  – Bank or credit card statements

  – Any other government-issued letters or statements in your name

You can take a photo of your document and upload it to your PayPal account. You can also send us a copy or a screenshot of your online bills/statements.

They do not accept:

  – Purchase receipts/invoices

  – Partial documents

  – Screenshots of your online banking or service pages

IMPORTANT NOTE:

    • The name and address on the documents must match those on your PayPal account.
    • The proof of address document must be dated within the last 6 months.
    • We cannot accept P.O. Box addresses as physical address verification.

 

Business Info: Verify your business entity by providing a proof of business documentation
What is a valid proof of business?

Please submit a copy of your Business Registrations (Business registrations, Memorandum/Article of Association, Certificate of Incorporation or equivalent).

This document(s) must collectively contain the following information:

      • Who owns or controls your business,
      • The business name, registration number, and
      • The latest validity period of the business.

These are the things that you need to present. When you register with the Bureau of Internal Revenue in the Philippines as a Freelancer, you will have a Certificate of Registration or a COR. You will be able to submit this as proof of business. Once you have a COR though, you will need to regularly pay your taxes for your freelancing business.

If you don’t have a PayPal account, you can sign up here: http://bit.ly/GA_O_PayPalSignUp

Here is a quick video on how to sign up for a PayPal account:

Get bigger and higher paying Local Clients!

The thing about getting international or foreign clients is that there is a lot of competition. I’ve seen though that the local landscape is in dire need for more suppliers.

Local companies are now open to hiring independent contractors. In order to land a job with huge corporations or even just so you can haggle your pay, you need to be able to issue an official receipt.

Official receipts are documents that support sales of service, and it is issued upon collection of payment from customers. The large companies use official receipts as supporting documents for accounting entries that they create, and they also use it as “expense” when they compute for their own taxes.

So as a freelancer, this is what I do. I go through a supplier accreditation process. This process requires me to submit all of my business documents.

Then when I win a project, I send an invoice so that I can bill for services. Most local clients accept paperless invoices, such as a PayPal invoice. You can prepare your invoice conveniently using PayPal then you can send it through email. You can also use it as a reminder to collect payment and even send recurring payments to continuous projects.

After payment has been given, this is the time when you send the BIR Official Receipt.

 

Be a Responsible Filipino Citizen

Paying taxes is our duty as Filipino Citizens. If we truly want to help our country grow and prosper, we need to pay your taxes as a freelancer. Every day, we are experiencing things that we paid for with our taxes (drive through highways, take public transportation, etc.). If we want to see more improvement, we need to do our part and contribute by paying your taxes.

Also, if we want a voice, we need to earn that voice. I don’t think we have the right to complain if we’re not at least paying our taxes 🙂

 

Avoid being Penalized

In my opinion, this is the last and the least of your worries. If you are regularly paying then you need not worry about this. But for your information, yes, you can be imprisoned for tax evasion and non-filing of appropriate forms.

Failing to file and pay your taxes come with hefty penalties and can range from imprisonment for 2 to four years. Summed up, it can reach as high as up to five times than your original tax due. So, it would be better to pay your dues and avoid being penalized.

Personally, my freelancing business grew, because I’m legit and I pay taxes. Business partners, brands, and other people that I work with and plan to work with respect and trust me more, because I have a legit business. Having business documents will open you up to more opportunities and tools that you can use.

It’s always good to start your freelancing career the “legit” way, so you need not backtrack and fix stuff.

 

Work well and do it right! Pay your taxes as a freelancer!

P.S. For more information, click here: https://mommyginger.com/freelancers-questions-taxation-answered.html

I have a confession! My most frequented shops online are stores that carry skincare and beauty products. I frequently visit these stores: Amazon, Sephora, Althea and Lazada. Shopping online for beauty products makes me feel more relaxed. I can spend hours just browsing through different products. Are you like me? haha!

If you are, I’m sure that you’ll appreciate the Globe Online Beauty Fair. The Globe Online Beauty Fair gives you exclusive deals so that you can purchase your favorite beauty brands.

Enjoy special promos on Lazada with a 10% discount with a minimum spend of Php 1000. When shopping at Sephora, you get a 10% discount and a free Sephora Collection Mini Lipstain. In Althea, you get a 10% discount for a minimum spend of Php 1500. Just use the code GLOBEBEAUTY for Sephora and Althea upon check out.

For Amazon, you can get discounts from shipping partners Johnny Air Plus, My Shipping Box and Jinio. You need not worry about customs and taxes — you will get your stuff right to where you want to have it delivered.

I maximized this opportunity. Check out more details here: http://go.globe.com.ph/articles/beauty-counter/2018/august/globe-online-beauty-fair.html#shopstore

And with that, I got me some beauty products! Do you want to see what I got?

I bought some Ellana products! I’ve always been curious about this brand, and this was the perfect opportunity to get myself acquainted with the brand.

Ellana (Eh-lah-nah) Mineral Cosmetics is the #1 Mineral Makeup Brand in the Philippines. What it stands for is beauty that does more. It stands for beauty that lasts long after the makeup comes off.

I love that they promote this kind of thinking. My personal belief is that makeup should be something that enhances one’s appearance, one’s beauty. This is what got me interested to try out this brand.

Here are the products that I bought.

So what are you waiting for? Do check out the other information about the Globe Online Beauty Fair! Share with me what you bought!

P.S. I’d like to share with you some Ellana products. All you need to do is…
1) Comment on this blog post
2) Share on Facebook this blog post and use hashtags #MommyGingerFinds #globeonlinebeautyfair

I will choose the winner of the Ellana products on September 29, 2018! I’ll announce it on http://facebook.com/MommyGinger

Time flies so fast! When I was young, my dad went to work and my mom stayed at home to take care of us. I still remember how it made us so happy when he brought us a little something each time he came home from work. He always had pasalubong (gift) for us.

Since we became parents, we now feel the same thing as what our parents felt with us when we were young. As much as we want to be there every single minute of the day for our kids, we are not able to because of work. We need to earn a living so that they can have a bright future ahead of them.

So with the little time that we CAN spend with them, we want these moments to feel magical — to feel amazing. It’s sometimes not really for them, but more for us. We want to capture these simple bonding moments and frame them in little picture frames in our hearts.

In our home, we have a simple tradition of bringing home Kinder Joy to our daughter. Why Kinder Joy, you might ask, when there are so many other options for toys and food to bring home? Let me share with you our reasons:

These can be found everywhere!

If we leave our office late, sometimes, all the toy stores are already closed. With Kinder Joy, you can find them everywhere! These toys and snacks are found in all leading retailers and supermarkets in the Philippines. We have a 7/11 near our home so this is where we buy our “supply”. LOL!

They make our kids really creative!

Our daughter has been enjoying Kinder Joy since she was three years old. I have noticed that these toys, even if it’s very simple, makes you use your imagination a lot. I am all for creative play, so I love giving these toys to Zeeka.

The other day, she got a toy that allowed her to experiment with alternating different clothes. It gave her the perspective that she can also do that with her own clothes; she doesn’t need to buy new clothes if she’s creative in mixing and matching different pieces.

Kinder Joy treats are delicious!

If you haven’t seen or opened a Kinder Joy egg, half of the egg makes up the toy and the other half of it contains super delicious chocolate which is made from high quality ingredients. It consists of 2 delicious creams (milky cream & cocoa cream) with 2 crispy wafer balls! It comes with a cute little spoon that helps you eat it without being messy! Zeeka and I love it!

If there is one thing that we have to know as parents, it is this: Kids do not need a lot to be happy. As long as we set aside quality time that we can spend with them, they’re good. We can make them happy by giving them simple surprises, by doing fun activities, or just by sharing a snack with them.

Those are the moments that count. #kinderjoyphilippines #worldofkj

Get the best deals from September 15 to 17, 2018!

It’s so cool that Globe started a 917 day! It just makes me proud that I’m a Globe member. It’s so cool how a number can stand for cool things, great events and amazing deals!

So 917 day is obviously, September 17! haha! But to extend this amazing day, as early as September 15, Globe already has a lot of things and deals available to us. Some of these deals are fruits of Globe’s partnership with Puregold! Puregold Price Club Inc. also celebrates this month their 20th year delivering the best in value and service to Filipino families.

This partnership has “panalo” deals for us to give us the best 917 Day yet!

For mobile customers, get FREE P17 load when you buy any Globe or TM SIM from 9:17 A.M. to 9:17 P.M. on September 17, 2018.

For broadband customers, enjoy FREE P200 load and tumbler for every purchase of a Globe At Home Prepaid WiFi from September 15 to 17, 2018 in participating Puregold branches. This second one was actually what I got! It was such an amazing deal — I couldn’t resist!

Globe and Puregold have been supporting Puregold’s Aling Puring members attain savings and achieve their dreams of having their own businesses. In 2013, Globe and Puregold launched the Aling Puring Super Suki SIM, a multi-function SIM card with exclusive deals that also enables members to sell prepaid loads as an additional source of income.

Currently, there are 159,000 Active Super Suki SIM sari-sari store owners and micro-entrepreneurs who have benefitted from the perks of the card. Besides the Aling Puring Super Suki Sim, Puregold shoppers also enjoy other convenient Globe services like Cash in/out, Remittances, Bills Payment, just to name a few.

So this 917 Day, head on to a PureGold branch and purchase a Globe at Home Prepaid Wifi unit!

Have a happy 917 Day, peeps! 🙂

With GInvest, Invest Anytime Anywhere!

I’ve been setting aside money for different investments. I’ve been investing since I was 27 years old. I’m using around 4 kinds on investment channels. The reason for the various channels is that I have different investment objectives for each channel. I have one that I will use for my retirement. The two other policies that we have are for the education of Zeeka (and other children, if we do have others). The last one that I have is really for emergency funds.

I personally love investing. Why? I just think that it’s like a game. Funny as this may sound, I love that investing feels like a personal game that I’m playing, and I’m competing against myself. I love that I actually have control over what happens, and the forces around me and the temptation to go shopping are my opponents! haha!

Recently, I found this cool new way of investing and it’s super easy! It’s called GInvest. So it’s hidden in our GCash App, in the “Show More” portion. Currently though, it’s on BETA and only available to a few individuals. Super blessed to be given the chance to test this.

So I clicked on GInvest and it asked me these questions first. You have to answer these questions as truthfully as possible since the main reason for this quiz is not to spy on you. It’s actually to get your risk profile and to get a sense of your risk appetite.

 

After you answer all of the questions, you will be shown your risk profile. In my case, I am a moderately aggressive investor.

You will then have access to the GInvest dashboard once your registration has been approved. Note that you will receive emails every step of the way. I like this, because it informs me of what’s happening with my registration / account event is I don’t open the application.

With GInvest, they will match your investment with what your risk profile is. Their partner for the investment products that they offer is ATRAM.

The ATR Asset Management​ (ATRAM or ATRAM Group) operates through ATR Asset Management, Inc. (ATRAM MF) and the ATRAM Trust Corporation. In 2009, the ATRAM Group decided to expand its presence in the fast growing domestic asset management industry by forming a dedicated business group called ATR Asset Management (ATRAM or ATRAM Group). Under this group is ATRAM Trust and ATRAM MF.

For those that don’t know, ATRAM Trust Corporation (ATRAM Trust) is the first stand-alone trust corporation in the Philippines. It received its license to operate last October 2016.

ATR Asset Management (ATRAM MF), on the other hand, was established in July 1995 as the Mutual Fund Management Co. of the Phils. (MFMCP) by the Clemente Fund Management Asia Ltd. to serve as investment adviser, principal distributor and administrator of the Mutual Fund Company of the Philippines also known as the “Kabuhayan Fund”. In 2003, Maybank ATR Kim Eng Capital Partners, Inc. purchased an 83% stake in MFMCP from some of the original shareholders thereby gaining control of the company.

Personally, I did my research first before I invested. I think they’re a pretty legit company. You can read more about them here: https://www.atram.com.ph/ATRAM/AboutUs/default.aspx

So the type of investment presented to me was ATRAM Peso Money Market Fund. This fund is a UITF or a Unit Investment Trust Fund. UITFs are types of funds that pools funds from different investors with the same objectives.

I wanted to try GInvest, so I clicked on the subscribed button, and transferred around Php 1000 for investment. Get this! The minimum investment amount is Php 50! If you want to invest extra funds every day, you actually can! So after hitting the subscribe button, I got a message that GInvest will message me back once I have the subscribed units.

It just took a couple of days (or less) before I got to see it on my dashboard as “subscribed”. For those who want more information about the ATRAM PESO MONEY MARKET FUND, don’t worry! You will receive an email that contains information about the fund like this.

 

What I like about GInvest

I like that I can easily invest. Investing before was (in my opinion) more tedious than just setting aside money for savings. I think it’s tedious because of the documentation that you need to fill out. You also need to coordinate with a financial or wealth advisor, even during the initial stages of the discussion. And lastly, to top up, you pay using bills payment channels, but to know if you have “subscribed”, you will still receive their manual “letters and official receipts” weeks after. If you want to know if your subscription was received, you will still need to check with you advisor oftentimes.

I also appreciate the amount of control that’s given by GInvest. I can invest or redeem whenever I want. I can also get updates and see my subscribed shares when I open the app.

I also like that the minimum investment amount is Php 50. When I first saw this, I couldn’t believe it!

Lastly, the “set reminder” functionality that sends an SMS to you with the amount that you set is something that is very useful. You can set it to remind you every middle and end of the month or every end of the month or every end of the quarter. It just makes everything more consistent.

What I wish GInvest would have

I wish they would have more investment products like stock both local and foreign stocks, etc. Also, if there’s a way to lock that certain portion of the GCASH app. This is just for extra data privacy. Also, if you could possibly add analytics (or a way to tell us how much we should invest to POSSIBLY reach a goal for our personal investments, that would be awesome!

So that’s about it, guys! Will I continue investing GInvest? Yes, I will.

I think I trust GInvest enough and most importantly, it’s so easy and convenient! haha!

Love Lots,