The recent tax reform was implemented to encourage small businesses to pay their taxes on time. As a business owner, having outsourced CFO services can assist you in adjusting your taxes accordingly.

In the Philippines, a minimum corporate income tax (MCIT) of 2% is levied on the gross income of domestic and resident foreign firms, starting in the fourth taxable year after the start of operations. Aside from the annual MCIT, it is important that you comply with the tax laws and regulations imposed across the operating entities in the local hub. Whether you’re a small business owner or a corporate shareholder, settling your tax obligations can help you keep your company in its grounds. 

Financial accounting outsourcing services takes crucial tasks off your hands and opens improvement opportunities for your team. But with the changing business demands, how do you make this happen?

If you find your team struggling with their everyday tasks, then it’s high time to start outsourcing. Finance and accounting outsourcing companies in the Philippines can give you better chances of efficiently accomplishing your workload without hampering your performance. Once you turn over your other business functions to a reliable outsourcing partner, you can finally focus on your core operations while pushing your employees’ productivity forward.

If your company is looking for an outsourced payroll service provider, you might want to consider the ones that use a cloud-based payroll management. There are many payroll companies to choose from, but it would be best to pick the one who fits the bill.

Innovation and environmental changes have brought us opportunities to further improve business. Chief financial officers want to ensure they only capitalize in long-term investments, that’s why capital budgeting is one of the best small business budget tips you may want to consider.