If you’re a business owner in the Philippines, it’s important to know how to compute your taxable income. Whether you’re a VAT-registered or non-VAT registered business, you’ll need to follow specific steps to ensure compliance with the country’s tax laws. The steps below is as of...
the salary is about two-thirds of the total compensation for an employee hired to do software development. Therefore, for an accurate comparison, you should compute the hourly cost of an employee based on the total cost (salary + benefits, taxes, etc.) divided by the number of hours in a...
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