I want to register my business kay BIR. I'm hesitant because of my salary.
For context, I earn around 650,000 annually from my salary excluding allowances outside of my de minimis.
My business is just pretty small, I just started last April. I sell expensive stuffs pero my actual average profit is only 250.00 each unit. April, i only sold 4. May, I sold 11. 16 on June and July came like a surprised, I was able to triple my previous sale ending July on 57. So the items I sell, like I said average profit is 250 but may mga items din na yung profit ko is 500-1000. Highest was 3000 (once lang to). But for most days, 250 lang talaga minsan lower pa. For July, my total sales was around 70-80k. Hindi nacompute how much yung expenses ko and yung earnings ko. Didn't expect it to blow up.
Now, I want to register my business. Nagcommit na ako, I registered it sa DTI. I want to register it with BIR next but I'm hesitating now considering I'm a mixed income earner, earning an average of 250.00 per unit. Highest sale was just 57 units. I don't know how to proceed because I might be taxed like 30k above eh I'm not even earning that much for this business kung yung 8% tax ang susundin. For example noong July, ang estimated profit ko from 70-80k sales ay nasa 20k.
Any suggestions what to do?
Edit: I only sell on facebook and carousel as of now. Idk if this helps