HELP! FILING TAXES FOR FREELANCERS
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HIII help our a girlie please. I have some questions regarding filing taxes. I have been working as a VA for 1 year. I am employed before, because unemployed for a few months before I became a VA. I have a few questions, and I hope someone can help me.
I am a BPO employee year ago before I became VA. Will they ask my start date with my client and pay the taxes i wasn't able to pay? Or can I just stay na mag start pa lang ako?
Can change my employment status online? Or register online? What documents do I need to change my status?
Will they need my bank statements? I got received my payments on my UB Savings via Wise
My salary fluctuates from time to time base on my incentives and hours I render, will it factor to anything? Or basically as long 250,000 minus my annual salary multiple to 8% is my taxable income? For example my declared income is 50k, so that's 600,000 annualy and that would be 28k annual tax. But there are instances that I am earning more than 50 or 60k a month. 😭 Or for easier life, I could just base my taxes on 50k flat monthly?
Should I register now or wait until next year January so I could start with a clean slate? I'm afrsid filing prorated taxes might be too confusing for me
Lastly, if I declare my actual start date, how much penalty do I need to pay and back taxes?
I don't have plans abroad pa naman, but I would like to fix my finaces and be able to apply for cc. I also don't want any unnecessary penalties that I might get if I don't declare my finances. As much as I don't want to.pay taxes because of our fucked uo government, I have no choice.