The VC Ledger

How Companies Compute Tax Withheld on Your Payslip
Your payslip tax is based on the Withholding Tax Table (Revenue Regulation No. 11-2018) under the TRAIN Law.

🧾 Here's how it works:

Start with your Gross Monthly Income
Example: ₱30,000
Less: Mandatory Deductions
SSS
PhilHealth
Pag-IBIG
👉 Let’s say total is ₱2,000
Taxable Income = ₱28,000
Use the Withholding Tax Table to compute tax
For ₱28,000, tax falls under bracket:
Over ₱20,833 but not over ₱33,333
Tax = 0 + 20% of the excess over ₱20,833
👉 ₱28,000 – ₱20,833 = ₱7,167
👉 20% x ₱7,167 = ₱1,433.40
📌 Final Tax Withheld = ₱1,433.40

✅ That’s what appears in your payslip under "W/Tax" every cutoff.

🔔 BIR Reminder: Upcoming Tax Deadlines
Don’t forget these key BIR deadlines coming up this June! ✅
📌 June 25, 2025 (Tuesday)
▫️ VAT Return – Filing & payment for May 2025 (BIR Form 2550M)
▫️ E-Filing & Payment for VAT-registered businesses
📌 June 30, 2025 (Monday)
▫️ Quarterly Percentage Tax – For 2nd Quarter 2025 (BIR Form 2551Q)
▫️ Applies to non-VAT businesses earning ₱3M and below
✅ Filing can be done via eBIRForms
💳 Payment options include GCash, Maya, LandBank, or BIR’s Link.Biz portal

"Every peso you track is a step closer to your goals."

In a world that constantly pushes us to spend, staying mindful of our money is a quiet rebellion — and a powerful one. At The VC Ledger, we believe that true financial freedom starts with awareness. It’s not about how much you earn, but how well you manage what you have.

Every entry in your ledger is more than just numbers — it's a decision, a habit, a dream in progress. Whether you're building your savings, growing a business, or just starting your financial journey, remember: the small, consistent efforts matter more than the big, occasional moves.

Be the person who honors every peso. Who respects the process. Who sees budgeting not as a burden, but as a blueprint to success.

Because when you take control of your finances, you take control of your future.

New to Bookkeeping? Meet QuickBooks – Your Financial Best Friend!

If you're a small business owner, freelancer, or just starting your financial journey, you might be wondering: “What is QuickBooks?”

QuickBooks is a popular accounting software that helps you:

Track your income & expenses
Send professional invoices
Manage bills & payments
Run reports to understand your business health
Reconcile your bank accounts
And so much more!
Whether you're doing your own books or working with a bookkeeper, QuickBooks makes managing your finances easier, faster, and more accurate.

Why it matters?
Good bookkeeping isn’t just about tax season — it’s about knowing where your money goes, how your business is doing, and planning for growth.

Curious about getting started with QuickBooks? Send me a message — I can help you set up and stay on track!

Are your books in order?
Staying on top of your finances isn't just about compliance — it's about confidence. Whether you're a small business owner, freelancer, or growing startup, accurate bookkeeping helps you make smart decisions, stay tax-ready, and plan for the future.

Let me handle the numbers so you can focus on what you do best.

Bookkeeping services offered:

Monthly Financial Reports
Income & Expense Tracking
Bank Reconciliation
Invoicing & Accounts Payable
And more...

Why Bookkeeping is the Backbone of Every Business?

Behind every successful business is a solid bookkeeping system.
Bookkeeping isn't just about tracking numbers — it's about understanding where your business stands and where it’s heading.

Here’s why it matters:

Financial Clarity: Know what you earn and where it goes.
Informed Decisions: Data-driven insights lead to smart strategies.
Compliance: Accurate records mean smooth audits and tax filing.
Growth Planning: See the big picture and plan for expansion.
Whether you're a startup or scaling up, never underestimate the power of good books!

✨ Want to Become a Virtual Assistant? Why Not Specialize in Bookkeeping? 📊

If you’re organized, detail-oriented, and love working with numbers, bookkeeping is one of the most in-demand niches for virtual assistants right now!

Here’s why you should consider it:
✅ Small businesses need help managing their finances
✅ It’s a skill-based niche—you can charge premium rates
✅ You can work remotely and build long-term client relationships
✅ Tools like QuickBooks, Xero, and Wave make it easier than ever to get started

Not sure where to begin?
👉 Learn the basics of accounting
👉 Take a QuickBooks Online Certification (it's FREE!)
👉 Offer cleanup projects or monthly bookkeeping as services
👉 Build your portfolio and get visible on platforms like LinkedIn or Upwork

Start small. Stay consistent. And remember—every successful virtual bookkeeper started with zero experience too. You got this! 💻💰

✔️ Virtual Bookkeeping
Keep your finances in order without lifting a finger — I handle your books so you can handle your business.

✔️ QuickBooks Online Setup & Management
New to QuickBooks? I’ll set it up right and keep it running smoothly so you never miss a beat.

✔️ Financial Reports & Reconciliation
Get monthly reports that make sense — no jargon, just clear numbers to help you grow confidently.

✔️ Clean-Up & Catch-Up Services
Behind on your books? I specialize in bringing messy records back to life — no judgment, just solutions.