VAT vs Percentage Tax: Which Should Your MSME Register For?
Short answer: Most growing Philippine MSMEs eventually register as VAT filers (Form 2550Q) or stay non-VAT on percentage tax (Form 2551Q). Your Form 2303 tax type—not your preference alone—determines which return you file each quarter. If you are setting up a business or reviewing registration, this guide explains VAT vs percentage tax in plain language: […]
2551Q for Non-VAT Businesses: What to Prepare Before You File
If your business is non-VAT registered, your quarterly percentage tax return is typically BIR Form 2551Q. Unlike VAT filers who track output and input VAT, percentage tax filers focus on gross receipts or sales subject to tax for the period. Filing is smoother when your books of accounts already show the right revenue base—before you […]
Quarterly BIR Filing Checklist for MSMEs (Q2 2026)
Quarter-end for many Philippine MSMEs means more than closing sales—it means BIR quarterly filing is due again. If you are VAT-registered, you are looking at Form 2550Q, sales and purchase summaries, and often DAT files. If you are non-VAT, 2551Q (percentage tax) may be on your list instead. This Q2 2026 checklist helps you prepare […]
How to Generate BIR DAT Files for SLS and SLP (2026 Guide for Philippine Businesses)
If you are VAT-registered in the Philippines, you have probably heard of SLS (Sales) and SLP (Purchases)—and the DAT files the BIR expects when you file your returns. For many small business owners, the stressful part is not the return itself but re-encoding sales and purchase data into the right format. Here is a practical […]
Streamline Your Restaurant Accounting with Oojeema
Running a successful restaurant requires not only delicious food but also efficient financial management. Oojeema, an easy-to-use cloud-based accounting software, simplifies accounting tasks for restaurants of all sizes.
Top 5 Common Problems Faced by Small Businesses and How Accounting Software Can Help
Small businesses are the backbone of the economy. Small businesses provide products and services to consumers and creating jobs for people in their communities. However, running a small business is not without its challenges.
Top Accounting Software in the Philippines
When it comes to finding the right accounting software for your business in the Philippines, there are many options to choose from. To help you make an informed decision, we’ve compiled a list of the top 10 accounting software options available in the Philippines.
