Business

Talks about Mommy Ginger’s business tips and advice for momtrepreneurs. She shares valuable knowledge on topics like branding, marketing and consumer insight.

Think about all the attention given to the following:

  • Decluttering your closet and keeping and displaying things that bring you joy…
  • Following the footsteps of Bill Gates, Mark Zuckerberg when they only have one style of shirt or attire…
  • The rise of planners and productivity apps that help you with time management.

All of these “hacks” introduced to us because man has finally realised that TIME is the most important asset.

And this realisation is what makes most entrepreneurs, freelancers and business owners successful. They never WASTE time. It’s more important than money. This is why service apps like GRAB, and even Upwork thrive, because successful people know that money is something that you can earn back but when you lost time, it’s lost forever.

This is the reason why Taxumo exists as well. If you value your time, and if you’d much rather spend your time earning money than computing your taxes or lining up at the RDO or the bank, this application is for you. We exist for people who see that they would much rather outsource computing, filing and paying to a system or application than spending time figuring out how to file and pay or when to file and to pay. It’s basically Taxumo giving you that gray sweater of Bill Gates and all you need to do is to wear it 🙂 haha! 

To make it even more convenient for you, freelancer or consultant, I have made this step by step guide on how to start using Taxumo and how to maximise using Taxumo.

SETTING UP A TAXUMO ACCOUNT FOR FREELANCERS OR CONSULTANTS

Sign up to Taxumo using these settings (Yup, just copy your Certificate of Registration). Here is a sample Certificate of Registration and see the parts. It contains the Tax Type that you need to file.

If you don’t have this, check out Taxumo’s Business Registration Service for Freelancers. Click here: https://www.taxumo.com/business-registration/freelancer

Have your COR by your side when you set up your Taxumo account. If you don’t have it while setting up, it’s okay. You can still change the details later on. Copy EXACTLY what is written in your COR. Example, if the Taxpayer’s Name in your COR is Arboleda, Ginger Palma, please copy it as is in Taxumo.

As you can see, you can turn the notifications (email notifications) on and off. We highly suggest that you turn these on.

For your Business Profile (see image above), just copy the line of business in your COR. For “I want to file my Taxes From”, place the date when you received your Certificate of Registration OR place the date when you want to start filing with Taxumo (if you’v been filing taxes manually before).

For Freelancers / Consultants who earn below Php 3 Million Gross Revenue or Gross Sales a year, the above settings are the suggested settings. Just copy it.

Business Type: You are providing services

Income Source: Income from Profession BUT if you are still employed AND doing consultancy / freelance work on the side, choose “Mixed from Business and Employment”.

Income Tax Rate Type: If you earn below Php 3 Million Gross Revenue or Gross Sales a year and have minimal business expenses, we suggest that you choose the 8% Flat income tax rate option.

TaxPayer’s Type: Choose Professional

Deduction Method: Just choose Optional Standard Deduction but this won’t matter when the system computes your income tax since you chose 8%.

For each year also, Taxumo allows you to save a business setting! 🙂 So cool! Since you can only change Deduction methods and income tax rate types at the beginning of the year, you can choose and save settings for each year.

And for the last part of the settings page, choose and highlight (color aqua) the taxes that you need to pay. Again, based this on your Certificate of Registration. Then upload your COR and your Digital Signature (which is both optional at this point).

ENCODING INCOME AND EXPENSES AS A FREELANCER OR CONSULTANT

The next step is to encode your income and expenses. Click on Cashflow on the left side of the screen, and this is what you’ll see (empty cashflow tab). You can look for entries that you have encoded before by clicking on show filter. To add income, click on the “Add Button”.

This is how an empty Cashflow view looks like.

Each income entered in Taxumo should match an official receipt that you prepared for your client. The OR/SI number portion is the OR number of that transaction. For freelancers/consultants, always choose Sales – Services.

Business Name here is the name of your client. For foreign clients who don’t care about ORs, you don’t need to send them a copy of the official receipt. Just keep it in your booklet.

For expenses, those expenses that you can justify to be part of the delivery of your services is what you can encode. Please make sure that the receipts are under your Tax Payer’s Name (especially for expenses that are Php 1000 and above in amount). For transportation and foreign system invoices, please save emails as PDF and save it in your computer. You can also upload it to Taxumo as backup.

PRO TIP: Encode both income and expenses on a daily basis. This will allow you to maximize Taxumo’s Real Time Tax Calculation tool. You can see how much taxes you need to pay at any given time (para hindi kayo nabibigla when tax due dates come).

FILING TAXES

To file taxes, be sure that you are done encoding your income and expenses for the applicable period. Go to the Tax Dues tab and you’ll see all the tax cards with the Tax Dues and the deadlines.

Click on the file button and pay your taxes. Taxumo will then show you a summary of that tax.

If there are things that you need to change, you can go to your settings page. Some fields are also editable here.

For paying your taxes, you need not go to a bank within the city of your revenue district office. You can pay using any of these available channels.

  • Grabpay
  • Debit or Credit Card
  • PayPal
  • Mobile or Online Banking
  • Bank over the counter or Non-Bank over the counter like Bayad Center, SM Payment Counters, Robinsons, 7-11, etc.

PRO TIP: If you have chosen Dragonpay, please ALWAYS check your email for the completion of payment. They will send instructions for you to complete your payment.

Once you have successfully filed and paid for your taxes, you can visit the Past Filings tab on your Tax Dues tab.

If you see “Unpaid filings”, these are the tax cards that you have clicked but have not yet paid for. All you need to do is to click on CANCEL FILING so that the tax card returns to the CURRENT FILINGS TAB.

If you have successfully files and paid for a tax card, it will be marked COMPLETED (it will be marked temporarily IN PROGRESS for 2-3 days before it will say COMPLETED). Once marked completed, you can download and save the copy of the (1) form (click on view form and then click print form — print to PDF if you want to save it in your computer), (2) Download the BIR Confirmation and (3) Download and save the tax payment record.

It’s important to save backups of these in your computer. An OC person like me always want to have “back-ups” for everything. 🙂

After this, you can sit back and relax!!! Fun times!

If you want to maximize your Taxumo subscription, here are some things that you may not know about Tauxmo…

  1. If you receive 2307 forms, you can encode them directly to Taxumo’s Withheld Taxes tab (received tab) and the system will consider it when it computes your Income Tax return. Some people don’t know that these “attachments” should also be submitted and declared to BIR using another system called Alphalist Data Entry and Validation Module. Failure to submit these will also incur penalties.
  2. For your manual books of accounts, you will need to update them frequently. When a BIR examiner visits you, s/he will check if your books are updated. If you don’t know how to update your books, worry no more as Taxumo’s Books of Accounts view formats your entries in columns and all you need to do is copy these entries to your manual books.
  3. If you need to pay SSS voluntary contributions or loan payments, you can click on Pay bills. Compared to other systems, Taxumo already generates the PRN or the payment reference number for you which you can get also from the SSS site. You need not shift from one site to the other.
  4. Entries are exportable and downloadable via Taxumo’s Books of Accounts view. All income is under cash receipt and all expenses are under cash disbursements.
  5. You can give access or delegate access to two more people. Example, if you are using an accountant or bookkeeper, you can give one access to him or her.

Rest assured that Taxumo is constantly innovating and looking for ways that can help you become more productive as a freelancer or consultant.

For Taxumo’s pricing for their subscription plans, click on this link: https://www.taxumo.com/taxumo-pricing/

For those who copied the 8% option above, pricing is at Php 888 per month or at Php 10,000 for a year’s access.

For those with a lot of expenses and who would like to opt for the Graduated Income Tax Table — OSD or Itemized Deduction, pricing is at Php 1888 per month or at Php 20,000 for a year’s access.

If you have any more questions on how to use Taxumo, feel free to leave a comment or message me through https://www.facebook.com/mommyginger/.

It’s that time of the year once again when we have to deal with thick bundles of paper. Yes, I’m talking about our business documents.

I have a sole proprietorship established here in the Philippines. Most of the businesses here (99%+) are micro-small-medium enterprises or MSMEs. And to add to that, most of them are also Sole Proprietors like me.

So I would assume that most of the people reading this post are sole proprietors. I decided to focus on this segment also so as not to make the post long.

What do I need to do every January of the Calendar Year?

DTI Permit

First of, check that your DTI permit is still valid. The Department of Trade and Industry is the government agency that we deal with when we want to create a Sole Proprietorship. The DTI approves the “trade name” that we want to use. In my case, Manila Workshops’ trade name is GPA Events Management Services.

So if it’s already expired, fret not since you can actually renew your DTI certificate from the comfort of your own home. Just go to this site: https://bnrs.dti.gov.ph/renewal and renew your certificate online. I did it last 2018, and I think (I don’t remember) I used GCASH to pay for the fee.

Baranggay and Business PermitLetter of Intent to Renew your Business (3 originally signed copies)

Next, you will need to gather all these documents before going to the Municipal Hall and office of the Baranggay (usually each one is in the same building or at lease close by).

  • DTI Certificate (for sole proprietors)
  • Letter of Intent to Renew your Business (3 originally signed copies)
  • Original and photocopy of previous year’s barangay permit and official receipt
  • Previous year’s Mayor’s Permit/Business Permit and Official Receipt, original and photocopy
  • Community Tax Certificate (CTC) / Cedula from previous year
  • Contract of Lease or Certificate of Occupancy to use Premises (what I do in lieu of this is I photocopy the Real Property Tax Receipts, which are under my name. That’s the one I present)
  • Previous year’s Sanitary Permit to Operate
  • Certification list of employees as of December 2019 signed by President or HRD (if you don’t have employees, create a certification that you don’t have any employees)
  • Quarterly VAT Returns (if you are a VAT entity) or Percentage Tax Returns (if you are non-VAT) for the previous year with BIR Confirmation
  • Quarterly Income Tax Returns (1st, 2nd and 3rd Quarter); these are your 1701Q forms
  • Certificate of Gross Sales for previous year (just add up your gross sales for the entire year)
  • Previous stamped financial statements, audited or unaudited (if applicable); note that for those with Php 3 Million and below gross sales, you don’t need an audited financial statement. BTW, this is for the year before last year.
  • Comprehensive General Liability Policy Insurance (CGLP) / Local Insurance and official receipt from previous year; note that some Municipal Halls don’t require this. The CGLP fees are computed also based on the square meters of your registered address.
  • Authorization Letter (3 originally signed copies) and Special Power of Attorney (3 originally signed copies) — if you are making someone else process it for you

Once you have collated all of these, you can now go to the Municipal Hall. For the fees, it really differs from one City Hall to another.

If you need help processing your Business Permit Renewal at your Municipal Hall, you can get in touch with Taxumo. They offer this service provided you are in Metro Manila, Batangas, Laguna and Cavite. https://www.taxumo.com/blog/get-your-business-permit-renewed-this-coming-new-year-with-taxumo-until-december-30-2019-only/

They can still accommodate a few clients so please don’t mind the deadlines. Oh, Taxumo can also help you with Business Registration just in case you haven’t registered your business yet.

BIR Renewal

So we’re done with two agencies for Business Renewal for Sole Proprietorships. For BIR, it’s actually so easy. I just log in to my Taxumo account, and make sure that I have highlighted the tax types i’m supposed to pay for (check your Certificate of Registration or Form 2303 to be sure) in the settings page.

Go to the Tax Dues tab and click on file now for 0605. Please make sure that it’s for 2020! 🙂 For first time users, you can attend an online onboarding session by clicking on this link: https://calendly.com/consultnow/onboarding

If you need information to be changed in your COR, you will need to go to the RDO to do that using 1905. Else, if nothing needs to be changed, you only need to file this 0605 form via Taxumo. No need to go to the RDO of the BIR.

I love that everything is easy! 🙂 If you have other questions on renewing your business permit and registrations and certificates, leave your questions in the comment section below!

Start the year right! I hope this somehow give you an idea of how to go through Business Renewal for Sole Proprietorships. Fix all of these and don’t wait for the last moment to avoid penalties!

Recently, I introduced you to a site called BellaPellePh.com. I mentioned that it’s a website where you can buy premium and hard-to-find dermatological beauty products in the Philippines.

I learned about the site, because I actually know the owner. The founder was my previous yoga instructor. This super momma is someone that I look up to, and admire. I wanted to share her story with you, so I’m reviving the “mompreneur” interview series in my blog. I think we all need our weekly dose of inspiration!

About Michelle Reyes-Navarro, Founder of BellaPelle.Ph

Michelle, Co-Founder of Yoga Manila and Founder of BellaPelle.ph

Michelle is a housewife and a mother of two. She mentions that two of her passions are travelling and Ashtanga yoga. Michelle is the co-founder of Yoga Manila, the longest existing Ashtanga studio in the country.  “Of course, the reason why I also do these two things is I want to age gracefully. I want to enjoy living a quality life of being able to spend time with loved ones and seeing the world,” Michelle excitedly tells us.

Interview with Michelle 🙂

Ginger: How did you come up with the concept of BellaPellePh.com?  

Michelle: My husband is a dermatologist and I love being the guinea pig for beauty products and machines.  My friends and acquaintances always compliment me for my skin and ask for recommendations. I realized that I could effectively recommend products as much as or even more than my husband and people trust me. 

So I thought, ” why not do a small business out of it?”  

I started with posting in IG (@bellapelleph) and it became quite a successful small business — the type that  suited my personality. I can still work while I travel and do my other duties. It’s not a 9-5 job, which I can never do.  I retired from corporate work at the age of 24, simply because I do not want anyone holding my time, and I want to travel whenever I want.  And I love helping people out. So even when I expanded to having a website, I still make sure that almost all my transactions are very personal. Customers can message us for recommendations or about their concerns and questions.  

Ginger: Who is your market for this site? 

Michelle: Mostly women, 35 and above, who want to age gracefully and beautifully (although I also have a few products specifically for men). Since the products are branded and premium, recommended by dermatologists and clinically researched, most of them tend to be mid to high end in price.  So the site attracts women who do not settle for less and are discriminating when it comes to personal care and skincare, women who value good quality and know what they want.   

But I am also in the process of testing products that cost less so that some will be more affordable for many.  I just need to personally test them and seek for feedback and research. I do not like selling for the sake of selling. I always want to be sure I am recommending effective products. Of course, like anything, beauty products require trial and error.  What works well for most might not work for some. But I want to be able to suggest what is mostly effective for most people.  

Ginger: I love it, Michelle. We, entrepreneurs, go through a lot of challenges. What were the challenges that you encountered in building this business, and how long has this business been in existence? 

Michelle: It has been a challenge growing followers since I am not tech-y and social media savvy.  I also wanted to grow it organically, really attracting “my tribe” — people who truly understand my brand essence and who are really interested in what I have to offer. So it’s not about the quantity (but of course that helps) but the quality of followers. The Instagram page started June 2018.  The website went live August 2019.

Ginger: Given how competitive the beauty landscape is in the Philippines, why should people buy products from Bella Pelle and not from other online stores?

Michelle: The comprehensive line of products we offer are not usually sold over-the-counter in the Philippines.  You would have to go to a clinic to get these products.  As a person who used to buy tons of commercial brands before I met my husband, I really got to compare them with those that are accessible only through dermatologists here. My skin really transformed for the better! I don’t have to worry about breakouts, not even during PMS.  

We earn people’s trust because we are not about how much you shop.  We sincerely care about recommending only what you need to address your concerns. A fellow of the Philippine Dermatological Society and board certified dermatologist is consulted when recommendations are asked for.  

Ginger: I love it! What I like about is that you really get to know your customers and genuinely care for them! I’m curious to know but this is for those checking out your site, what are three products that you really really love and recommend?  

Michelle: This is tough to answer because there are so many products I love recommending depending on the customer’s concern.  There’s always a great product for every skin condition. 

But if I have to choose, in general, I would have to say…

  • Viviscal Hair Growth Supplement as it is the most effective supplement I know for healthy hair growth.
  • All Heliocare products!  But if I only need to mention one – Heliocare Purewhite Radiance Max 240 Oral Capsules
  • Lumiderm Underarm Whitening Serum 

*Check the images above!

Ginger: Thank you so much, Michelle, for sharing your journey and story with us. I wish you more luck with you business!

For those who are interested to check out Bella Pelle, these are their details:

Website: https://bellapelleph.com/

Instagram: https://www.instagram.com/bellapelleph/

Facebook: https://www.facebook.com/Bella-Pelle-Skin-Solutions-445768045846884/?ref=br_rs

Taxumo is celebrating it’s 3rd year anniversary this September 20, 2019. It’s been an exciting three years for us and we’re looking forward to servicing more clients in the years to come. So to date, we have around 13,000 users and we have help collect Php 11 Million worth of taxes from MSMEs (mostly sole proprietors), professionals and freelancers.

We have undergone a lot of improvements also this past year. Some of these improvements were:

  • Adding payment channels like GrabPay and Coins.ph
  • Updating all your income tax forms to the newly release BIR forms
  • Adding a dashboard that shows you your income compared to previous months and your top expense categories
  • We also added servicing corporations (those who are not mandated to use eFPS) to our roster of clients.

Looking forward to a brighter future!

For this September, we will now offer simpler Taxumo subscription plans!

The three plans will be:

  • Professionals (ex. doctors, lawyers, financial advisors, freelancers, etc.) — ONLY AT PHP 10,000 A YEAR
  • Micro Business — ONLY AT PHP 20,000 A YEAR (ex. VA Agencies, production house, online sellers, etc.)
  • Small & Medium Business — ONLY AT PHP 30,000 A YEAR (ex. Those earning more than 3 Million Gross Revenue per year)

*Be sure to check the forms that are included in the package here: https://www.taxumo.com/taxumo-pricing/ Corporations and Partnerships will have customised packages. Please email customercare@taxumo.com if you are a corporation or partnership 🙂

The inclusions of these Taxumo Subscription Plans are for Unlimited filing for the indicated forms (please check out the details here: https://www.taxumo.com/taxumo-pricing/), submission of attachments (regardless of number of transactions), access to a books of accounts view (can be used to be accredited for Loose-Leaf) and additional 2 delegate accesses to your account.

Encoding of receipts will be an “add-on” service moving forward. Just add Php 1000 a month for encoding of receipts for that particular month.

We will still have business registration for any type of company. Check out our Business Registration page to know how to register with the LGU/BIR: https://www.taxumo.com/business-registration/

How do I subscribe to a plan?

Just click on the “sign up” button on the upper right hand of the Taxumo.com page. Answer the questions and once you are in, please click on the subscription button to subscribe to a plan.

We highly recommend that you join our ONLINE ONBOARDING SESSION, too. Choose a schedule here: https://calendly.com/consultnow/onboarding?month=2019-09

If you have any questions, feel free to reach out to use via our chat box in our site: https://taxumo.com

Happy tax filing!

*Full disclosure: I am one of the founders of Taxumo. I’m also a proud user!

At my company, Manila Workshops, we used to run workshops that focused on teaching micro-small-medium enterprises or MSMEs how to run Facebook Ads. They would normally understand everything and grasp all the concepts, but would be sad to find out that the only way you can run ads on Facebook is if you have a credit card or a PayPal account.

Credit card penetration in the Philippines (the last time I checked) is around 3% (*check out this report by We Are Social and Hootsuite: https://www.slideshare.net/DataReportal/digital-2018-philippines-january-2018). I think the reason for this really is that approval rate is low, because not a lot of us have credit history. There is a lack of basis for credit ratings.

So going back to this promotion concern of MSMEs, it was great to see this new partnership between Globe myBusiness and Facebook.

Derrrick Heng of Globe myBusiness and John Rubio of Facebook
Ces Porto, Marketing Head of Globe myBusiness

What is the Globe myBusiness x Facebook Promote mo ‘Yan, SME Partnership all about?

Basically, you can now create Facebook Ads and then charge your Globe myBusiness ThePlan. Just follow these three easy steps:

  • Create your Ad.
  • Promote your Ad.
  • Charge to Globe myBusiness The Plan.

Getting the Globe myBusiness ThePlan

If you want to learn more about the Globe myBusiness ThePLAN, there are 2 available plans — 1499 and 1799. Here are the details:

myBusiness ThePLAN 1499
*24 months contract period
myBusiness ThePLAN 1799
*24 months contract period
Unli Calls to all Networks
Unli Texts to all Networks
2GB Mobile Internet
Free DUO Landline (for 12 mos)
Inclusive of Samsung Galaxy A50
Unli Calls to all Networks
Unli Texts to all Networks
5GB Mobile Internet
Free DUO Landline (for 12 mos)
Inclusive of iPhone 6S + 32GB

To sign up for Globe myBusiness ThePLAN 1499, click here.

To sign up for Globe myBusiness ThePLAN 1799, click here.

After subscribing to a plan, you can now start creating your Facebook ad.

Creating an Ad

All you need to do is visit https://globe.onlinesales.ai/. You can also Call 121 or visit a Globe Store near you.

Once your account has been verified to be a Globe myBusiness number, you will see a dashboard. You can then start creating Facebook ads.

The first thing that you need to do is to choose the objective. In this particular Globe myBusiness system, they limited the choices to just 3 available objectives to choose from. This is so as not to overwhelm you anymore with the choices.

You can choose from Brand Awareness (to introduce your product or service to a target market), Messages (to promote your product or service using messenger) and Lead Generation (to collect information from potential leads).

After choosing the objective, you can choose between Display Ads or Carousel Ads (multiple images).

The next step is to add an image. You can upload your own image or choose from the Stock Photos available.

Then, add the headline (title), description (describe the value that you are extending your potential customers), URL (enter the link to your website or link to where they can learn more about your services), Call to Action button (you can choose from what’s available). You can then save and launch your ad!

By the way, you can choose to either have a Php 1000 or a Php 500 budget for running your ad. There will be a 15% management fee, so if you choose Php 500, the charge will be Php 575 (exclusive of VAT).

So that’s it, my dear business owners / entrepreneur followers. This is how you run a Facebook Ad charged to your Globe myBusiness ThePLAN.

So, what do you think? Will you use this product? Feel free to comment in the section below and share your thoughts about this partnership!

PROMOTE MO NA YAN! I loved the giveaway during the launch event! 🙂 hehe! Shout out to Nipa Brew, a local business!