VAT Accounting for Merchandising Sales: The Journal Entries
How a VAT-registered merchandiser books Input VAT on purchases, Output VAT on sales, returns and discounts, and the quarter-end entry that produces the figure on Form 2550Q.
9 min read
Guides
The reasoning behind the calculators — tax tables, contribution rules, and payslip checks, explained with worked examples you can follow line by line.
SSS Death & Funeral Benefit 2026: Pension, Lump Sum, and How to Claim
When an SSS member dies the family can claim two things: a death benefit and a funeral grant. Whether the death benefit is a monthly pension or a one-time lump sum comes down to 36 contributions.
12 min read
SSS Disability Benefit 2026: Pension, Lump Sum, and the Month Schedule
Permanent total or permanent partial? Pension or lump sum? The SSS disability benefit has four outcomes and two forks. The formulas, the RA 11199 schedule of months, the ₱500 supplemental allowance, and how to file.
13 min read
SSS LoanLite 2026: What the ₱1,000–₱20,000 Microloan Really Costs
SSS's microloan is live through UnionDigital Bank. 15 to 90 days, 8% a year — and a flat ₱200 bank fee that decides the actual price. The eligibility rules, the fee ceilings, and the effective rate nobody quotes you.
11 min read
SSS Pension Computation 2026: The Three Formulas Explained
SSS runs three different pension formulas and pays whichever is highest. Here's what each one does, which one will win for you, and worked examples at ₱5,000, ₱10,000, and ₱20,000 salary credits.
8 min read
SSS Sickness Benefit 2026: How Much You Get and How to File
SSS pays 90% of your daily salary credit for every approved day you were too sick to work. Here's the exact computation, the 4-day minimum, the 5-day notice rule, and three worked examples.
8 min read
SSS Unemployment Benefit 2026: Who Qualifies and How Much
Retrenched, made redundant, or your company closed? SSS pays 50% of your salary credit for two months as one lump sum. The eligibility rules, the DOLE certification, and the filing deadline.
7 min read
PhilHealth Contribution Table 2026 for Individually Paying Members
How much a self-employed, freelance, or informal-sector PhilHealth member pays in 2026 — the full 5% premium, self-declared income, and monthly, quarterly, and annual amounts side by side.
4 min read
Who Is Exempted From Paying PhilHealth Contributions (2026)
Senior citizens, indigents, persons with disability, and a few other groups don't pay PhilHealth premiums at all — PhilHealth calls them Sponsored Members. Who qualifies, under which law, and how coverage actually gets funded.
5 min read