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Video instructions and help with filling out and completing bir form 1701 excel 2021
You good day everyone and welcome to the first blog of my finish and the end of pinky in this first episode of the finance doctor is in I'm going to show you how to computer income tax return okay before we start let's begin with my disclaimer who I am I'm not an accountant I'm neither a bookkeeper I'm a medical doctor by profession so basically a new problems and I know what I need to know and also on a registered financial important our planner and a steak dinner and you can know more about me in my mom sell tickets now let's start let me ask you first this question why do you need to know how to compute your taxes let me answer this in the Philippines they said nobody goes to jail due to tax evasion is it true actually it's true until 2021 when we have our first case of tax evasion no she was sentenced to jail it's a it's a case of missing or a container versus people people of the Philippines rayon she was sentenced to two to four years imprisonment and you know when you can you reason defense she does not know that her accountant is not filing the right tax so maybe most of you here in the new defense if everyone because I love me I have an accountant demand so I don't know if she's fighting Maurice find the right tax but the problem is the BIR said it is called the willful blindness top taking maybe say in medical terms captain of the ship it also means that it's your fault it not it's not your accountants port so if your defense is my hunted the monopoly think again okay so the pitfall of doctors there are doctors think they are not liable for the mistakes of of their accountants of course not only doctors also other professionals so we have to rethink if you think this way okay and the most basic thing that you need to know first is what type of tax fail are you have to know it didn't being a basic thing you have to notice a if you notice a lot of doctors will save a lot of time as asking me questions about this listen carefully this is a madam there are three top types of tax payers based on type of income or the first one is employed second tier self-employment or the mixed income is a is a hidden have a say and that may come first roads email and they receive basically a lot more 100 oh you don't have to ask that they say aluminum for yourself and also God okay the first one is employed if you are employed indila had no residents employee status a lot of residents you behind employed so I mean flew the term employed very point you have an employer-employee relationship you receive mandatory benefits from s.