ULOP – The Premier Forum for Café Owners
ULOP as a forum means Unified Lanshop Owners Portal and Unified Lanshop Owners of the Philippines as an informal association of Internet café owners in the country. The web forum came out in September 2005 following the ... read more
The Need for CPA in Filing Income Tax Return
Whenever the topic of filing income tax return comes out, the question of whether the taxpayer will need the services of a Certified Public Accountant or CPA will always be asked in web forums and actual conversations. I ... read more
Is the Announced PAPT Raid a Hoax?
The different forums frequented by Philippine i-café owners are awash with posts and comments ranging from fear to doubts as to the accuracy of reports announcing the inspection and/or raids to be done by Pilipinas Ant-Piracy ... read more
Using Itemized Deductions on Income Tax Return
My Internet connection is back after two (2) straight days without it. How I was able to have it back is another story. For now, let me tackle the other method of deducting your expenses in running a ... read more
Computation of 2008 Income Tax Using OSD
Let us now compute the income tax of an i-café owner for the gross sales he had for 2008 using the Optional Standard Deduction (OSD) as provided for under Republic Act No. 9504 and its implementing rules and ... read more
Using OSD on Income Tax Return
In my blog article on The Income Tax of an I-Café Owner, OSD or Optional Standard Deduction was mentioned as one option that a taxpayer can use on his annual income tax return. The new Revenue Regulations No. ... read more
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