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
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Business & Freelancing
Registration, taxes, and money mechanics for freelancers, sole proprietors, and mixed-income earners.
Do I Need to Pay Tax on My Online Income? (2026)
Freelancing on Upwork, Fiverr, or for clients abroad? When you actually need to register with the BIR, what you owe below ₱250,000, and why no one withheld tax from your payout.
6 min read
8% Flat Tax vs Graduated Rates (2026)
Freelancer or business owner? A side-by-side of the 8% flat tax and the graduated rates, with the exact expense ratio where graduated starts winning.
13 min read
VAT vs Non-VAT Registration PH: ₱3M Threshold
VAT or Non-VAT? A side-by-side comparison of the ₱3M threshold, the 12% output tax, and the 8% flat rate, with worked scenarios.
6 min read