MINO Accounting

MINO Accounting Accounting Service Solutions for Furniture Business Owners. Helping you create more space to scale the Business.

A primary motivator behind opting for outsourced accounting and bookkeeping services is the pursuit of cost savings. Out...
05/02/2024

A primary motivator behind opting for outsourced accounting and bookkeeping services is the pursuit of cost savings. Outsourcing opens doors to reduced labor expenses, more cost-efficient infrastructure, and favorable tax systems in the outsourcing location. Additionally, it has the potential to bolster profitability by enabling businesses to engage more clients and diversify their service offerings. The economic advantages derived from outsourcing contribute to streamlined financial management and increased operational efficiency.

So, if you're asking if outsourcing is a cost-saving idea, the answer is Yes! :D

Read more:
https://www.microsourcing.com/learn/blog/reasons-to-outsource-accounting-and-bookkeeping-services/

Why is having an online shop crucial for furniture businesses? Let's explore the game-changing benefits:🏑 Convenience is...
05/02/2024

Why is having an online shop crucial for furniture businesses? Let's explore the game-changing benefits:

🏑 Convenience is Key: In today's fast-paced world, customers crave convenience. An e-commerce platform allows them to explore and decide on furniture choices from the comfort of their homes. Make shopping a breeze!

πŸ’Ό Expand Your Reach: Break free from geographical constraints! An online shop takes your furniture business beyond borders, connecting you with a global audience. Maximize your market presence and amplify sales.

πŸ“Š Boost Sales and Revenue: With an e-commerce website, you're not limited to traditional store hours. Your virtual shop is open 24/7, accommodating diverse customer schedules. Increase sales, revenue, and business growth effortlessly.

🌟 Enhance Customer Experience: Provide customers with an immersive online experience. A well-crafted website allows them to browse, compare, and make informed decisions, leading to heightened satisfaction and loyalty.

πŸ’‘ Future-Proof Your Business: In a digital era, adaptability is key. Having an online shop future-proofs your furniture business, keeping you ahead of competitors and meeting the evolving needs of tech-savvy consumers.

Read More: https://www.rewasoft.com.np/blog/how-can-e-commerce-help-in-the-furniture-industry #:~:text=Benefits%20of%20E%2Dcommerce%20in%20the%20Furniture%20Industry&text=Having%20a%20website%20for%20a,and%20decide%20what%20they%20want.

Are you a Filipino freelancer looking to get your business registered? We have the perfect opportunity for you!We unders...
15/02/2023

Are you a Filipino freelancer looking to get your business registered?
We have the perfect opportunity for you!
We understand the importance of getting your business off the ground quickly and efficiently. That’s why we offer a free service business registration for the first ten (10) qualified Filipino freelancers.
Book a Free Consultation and secure a slot here:
https://calendly.com/minotax/now
This is a great way to get your business up and running with no extra cost plus freeing yourself from the stress of the registration process.
Book a Free Consultation and secure a slot here:
https://calendly.com/minotax/now

πƒπŽπβ€™π“ π€π’π’π”πŒπ„ πŽπ‘ π˜πŽπ” ππ€π˜ 𝐓𝐇𝐄 ππ‘πˆπ‚π„Who are you here had encountered an Open Cases with the BIR? For those who experienced ...
05/04/2022

πƒπŽπβ€™π“ π€π’π’π”πŒπ„ πŽπ‘ π˜πŽπ” ππ€π˜ 𝐓𝐇𝐄 ππ‘πˆπ‚π„

Who are you here had encountered an Open Cases with the BIR? For those who experienced it before, you’d probably know what I mean in this post.. Hahaha

Okay, just wanna share a story of one of our clients before.

This client was BIR registered years and years ago. It just happened that on the days he registered, the business the OPERATIONS were STOPPED.

Since this client has no clue on BIR rulings and did not consult to an Accountant before, he stopped filing Tax Returns, like Withholding Taxes and VAT as the Business Operations stop.

He didn’t know that even the business operations stop he still needs to file the Tax Returns zero (we usually call it Zero Filings).

Alright! Fast forward….. when the business begun to operate again, he received an Open Case from the BIR. (Open Case is list of Tax Returns the business not filed)

You know what’s more surprising here? Open cases were more than 15 Tax returns including withholding taxes and VAT.. Hahaha

And you know what’s even more surprising? He had to pay Php 1,000 for each tax returns, more than Php 15,000 before the business gets to operate again. The heck!! That Php15k.

Magfa-file nalang ng ZERO β€œ0”, at wala na sanang babayaran, nagkapenalty pa. Hays!

Hope this serves as reminder, the same time a lesson that not to assume in everything, especially when we’re dealing with Gov’t Agencies. It is okay to ask questions than pretending.

π˜πŽπ”'𝐃 π‹πŽπ’π„ π˜πŽπ”π‘ ππ„ππ„π…πˆπ“π’Who among you here is a Freelancer or Agent (like Financial Advisor, Real Estate Agent)?Okay, if...
28/03/2022

π˜πŽπ”'𝐃 π‹πŽπ’π„ π˜πŽπ”π‘ ππ„ππ„π…πˆπ“π’

Who among you here is a Freelancer or Agent (like Financial Advisor, Real Estate Agent)?

Okay, if so, have you registered your Freelancing Buss. to the BIR?

No? Haha, Yup! and I know what you're thinking and some of the Freelancers' reasons why, kaya most of them ayaw magparegister. But we're not going to discuss those here... rather, the benefits you'd left on the table.

Alright! one of the benefits of being BIR registered is the Income Tax Return (ITR).

ITR is a vital document not only here in the Philippines but the whole world.

Why?

Have you tried applying for Credit Card, Loans and even applying for VISA?

One of the mandatory requirements before the application gets approved is your ITR. If you can't provide them, kahit maglupasay ka pa dyan, olats ka parin.. Haha

For a simple reason, because they wanna know if you have the capacity to pay/ spend.

So, these are just a few benefits of having your own ITR.

Alright! here's the thing, I know that some of you here are wanting to register and have their own ITR already but at some point don't wanna hurt their pocket paying Taxes.

And, I totally feel you, that's why I created an e-book, entitled Unguarded Tax that'd help you with the basic concepts on how you can minimize your Taxes.

All you have to do is just click the link below and the e-book will be yours right in front of your inbox...

https://t.ly/UnGuarded
https://t.ly/UnGuarded

Don't worry, it's totally FREE! Yes, it's a FREE Downloadable e-book.

Thank you and hope you enjoy! :-)

π˜πŽπ”'𝐋𝐋 𝐑𝐄𝐆𝐑𝐄𝐓 πˆπ“"The more we delay, the more we will pay - Ban Ki-Moon"Let me tell you a story..When I was in my first j...
22/03/2022

π˜πŽπ”'𝐋𝐋 𝐑𝐄𝐆𝐑𝐄𝐓 πˆπ“

"The more we delay, the more we will pay - Ban Ki-Moon"

Let me tell you a story..

When I was in my first job at an accounting firm, April 15 is like our Death Day. Yes, Hahaha

Okay! here, it was the time when the TRAIN Law was implemented. Daming changes sa tax rulings and ung tax table nabago rin.

I had a client that is a sole proprietor and an eFPS filer (means thru online ang payment ng Tax), that time hindi pa naga-update din ung eFPS Tax forms, so we went to eBIR (manual payment sa Bank).

It was the peak of last days of filing of Income Tax and yung mga Accredited Banks ay sobrang haba ng pila and yung iba ay tig 5 to 10 taxpayers ang babayaran. That was very hassled for us kasi marami din kaming hawak that time.

Fast forward - magbabayad na sa cashier......

This one client na eFPS filer, di tinanggap ng bank dahil ng eFPS at dapat online magbayad (it was a long convo with the cashier).

So, ang sabi, need namin magprint ng Memorandum from BIR na ung mga eFPS filer ay pwede mag file thru eBIR. (malayo office namin then pipila pa ulit ng kahaba-haba bago magbayad)

napaka-stressful ng panahon na yan kasi meron pa kaming audit. Hahaha

Fast forward ulit - di nako bumalik sa Bank na yun, so I need to find another near Accredited Banks.

and, thank God nakahanap ako ng mas malapit at wala masyadong pila. Hahaha

it was a stressful experienced yet thankful, because it made me resourceful somehow. Haha

So, ikaw, file, and pay as early as you can. Wag mo na ko gayahin, Okay? hehe

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