The Social Security System (SSS) plays an essential role in ensuring social protection for employees in the Philippines. Employers and HR professionals must stay updated with the latest SSS contribution table to compute and remit employee contributions accurately. In 2025, the SSS implemented a new contribution rate and Monthly Salary Credit (MSC) schedule in accordance with Republic Act No. 11199, or the Social Security Act of 2018. This article provides a guide on how to pr

The Bureau of Internal Revenue (BIR) regularly updates the withholding tax table to ensure that employee tax deductions align with the current income tax rates prescribed by law. Employers are responsible for correctly computing and remitting the withholding tax on compensation of their employees based on the updated schedule. This article provides a practical guide on how to use the latest BIR withholding tax table, along with the complete and updated 2025 tax table. Officia

PhilHealth plays a vital role in the Philippine social protection system, providing health insurance coverage for all employees and their dependents. To ensure compliance and proper remittance, employers must follow the latest PhilHealth contribution table issued by the Philippine Health Insurance Corporation (PhilHealth). As of 2025, the contribution rate and income floor and ceiling have been updated under Republic Act No. 11223, also known as the Universal Health Care (UHC

The Philippines is becoming a preferred destination for foreign investors and multinational corporations seeking to establish offshore companies in Asia. Its strategic location, English-speaking workforce, competitive operational costs, and favorable investment policies make it an ideal choice for offshore business setup. This article provides a step-by-step guide on how to set up an offshore company in the Philippines, outlining the legal requirements, structure options, and

When registering a corporation with the Securities and Exchange Commission (SEC) in the Philippines, one of the most important considerations is the paid-up capital requirement. Paid-up capital refers to the actual amount of money that shareholders have contributed to the company upon registration. It signifies the company’s initial financial capacity and serves as a basis for legal compliance and investor confidence. This article provides an overview of the SEC’s paid-up cap

Receiving a Letter of Authority (LOA) from the Bureau of Internal Revenue (BIR) can be one of the most stressful moments for any business owner. An LOA signifies that the BIR will conduct a formal examination or audit of your books of accounts, tax returns, and financial records. However, with proper understanding, preparation, and professional support, a tax audit can be managed effectively and with minimal disruption to your business operations. This article explains what a

In today’s fast-paced business landscape, startups and small enterprises are increasingly turning to virtual offices as a cost-effective and flexible solution. A virtual office provides businesses with a professional business address, communication support, and access to office amenities without the need for a physical workspace. This model allows entrepreneurs to project a credible image and operate efficiently, even with minimal overhead costs. In this article, we explore t

In line with the Philippine government’s digital transformation initiatives, the Bureau of Internal Revenue (BIR) launched the Online Registration and Update System (ORUS) — an online platform designed to simplify taxpayer registration and information updates. Through ORUS, individuals and businesses can register with the BIR, update their records, and manage certain transactions without visiting the Revenue District Office (RDO) physically. This article discusses the feature

In today’s digital age, technology plays a crucial role in simplifying business operations. One of the most transformative tools for entrepreneurs is cloud-based accounting software such as QuickBooks Online. This platform enables business owners to manage their finances anytime, anywhere, providing real-time access to data and insights essential for decision-making. For startups, small businesses, and growing enterprises, adopting QuickBooks Online can significantly improve