u/master_restorer

Biz or Personal?

Hi po – should a BIR registered freelancer use his Business Account to pay for gov’t mandated contributions (SSS, PAGIBIG, PHealth) or are these personal expenses?

Thoughts for personal:

  1. They’re not actually reducing anything
  2. Registrations updated so they’re tied to the person not the biz right?
  3. They benefit the person, not the biz

Thoughts for Business:

  1. Better tracking
  2. Payment amounts are tied to actual monthly income right?

TYSM for your thoughts. Trying to be disciplined re: operational accounts.

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u/master_restorer — 2 months ago

What account to use?

Hi - should a BIR registered freelancer use his Business Account to pay for gov’t mandated contributions (SSS, PAGIBIG, PHealth) or are these personal expenses?

Thoughts for personal:

  1. They’re not actually reducing anything
  2. Registrations updated so they’re tied to the person not the biz right?
  3. They benefit the person, not the biz

Thoughts for Business:

  1. Better tracking
  2. Payment amounts are tied to actual monthly income right?

TYSM

View Poll

reddit.com
u/master_restorer — 2 months ago