Hello Tax Man

📢 What’s New – Now Available Online!
The Internal Revenue Commission is pleased to inform taxpayers that the Guidance Note and Tax Ruling documents are now available online.
🔹 Guidance Note – An informational document that explains how tax laws work in simple and practical terms.
👉 Click the link https://irc.gov.pg/pages/know-your-taxes/guidance-note

🔹 Tax Ruling – An official interpretation of tax law issued by the IRC.
👉 Click the link https://irc.gov.pg/pages/know-your-taxes/tax-ruling
Stay informed and up to date with your tax obligations.

PUBLIC NOTICE:
Important Information for All Taxpayers: Ensure Correct Details When Making Payments to IRC

Are you a PNG entrepreneur earning K20,000-K200,000+ annually and confused about whether to operate as a Company or Sole Trader?

Struggling with tax compliance and missed IRC deadlines?

This video breaks down the essential first step every formal SME owner needs to take

Why Financial Clarity (Not Tax Compliance Fear) is the First Step for PNG K0-1M+ Entrepreneurs Are you a PNG entrepreneur earning K20,000-K200,000+ annually and confused about whether to operate as a Company or Sole Trader? Struggling with tax complian...

Ever struggled to find your Electronic Funds Transfer (EFT) receipts?

This problem popped up for me last month!

Here’s a YouTube video showing where to find them in the BSP Business Internet Banking portal!
👇🏾
https://youtu.be/9vH6ds0Xv-k?si=pJybWVGHrMw73FVk
👆🏾
Just head to the Payments section, click on Inquiries, and search for your transaction. Voila! 🧾

Did you face this issue too? Let me know in the comments.

​ ​ ​ ​ ​ ​ ​

Think financial management including TAXES in entrepreneurship ⚙️🧠💯

If you can learn systems-level thinking and control your emotions, problems become ridiculously simple.
-
I'm hosting a free live training if you want to start a business, using AI to move fast.
Sign up: https://buff.ly/Z36rjWf

To all our clients, collaborators, subscribers, listeners, followers, friends & family 🎄🎆

Understanding Tax Structures: A Guide for Startups 🧠

🎧 🎙️ Listen to the full episode #11 on YouTube here:
https://youtu.be/e1AXHMARL4I?si=bO0O2XdzBCx_GB2D

🎧 Choosing the Right Accounting Software for Your PNG Business

Struggling to pick accounting software? This episode breaks down exactly what PNG entrepreneurs need to know:

🔸️ How small vs medium vs large businesses differ in PNG (and why it matters for your accounting)

🔸️ 3 key factors that determine if accounting software will actually work for you

🔸️The real difference between surviving vs building a scalable business

🔸️Why separating personal and business expenses is non-negotiable

🔸️Free vs paid software options (including Zoho Books, QuickBooks, Xero)

Whether you're earning 10 0K or heading towards 1M+ kina in revenue, this episode will help you make the right choice for your business stage.

🔗 Listen to the full episode on YouTube: https://youtu.be/Jj7_ecAJ1xM?si=u-mZ8E1uVHprbTIL

This episode addresses common questions about accounting software options, user-friendliness, and the significance of building a finance function for modern PNG Entrepreneurs.

The host, Vanessa, emphasizes the differences between small vs medium vs large businesses in terms of revenue range and the PNG taxation system and how their accounting needs vary.

The episode also explores the challenges faced by business owners in managing their finances and the importance of separating personal and business expenses.

🎧 🎙️ Listen to the full episode on YouTube here: https://youtu.be/Jj7_ecAJ1xM

Time Stamps:

00:00 Introduction to Unicorn Emprise Podcast
00:35 Episode Introduction
01:18 Joe's 6 questions
01:48 Key Factors in Choosing Accounting Software
02:26 Three Main Factors for Successful Software Use
04:00 Business Purpose and Its Impact
08:51 Money IN purpose
09:59 Money OUT purpose
12:19 Client Experiences with Accounting Software
12:55 Self-taught DiY Entrepreneurs
13:27 Hiring & Investing Business Owners
14:32 Collaborative Entrepreneurs
15:38 Choosing the Right Accounting Software
17:31 Understanding Software Suitability for Business Sizes
18:48 User-Friendliness and Functionality of Accounting Software
21:02 Show Outro

🔗 Click the link to the full episode on YouTube in the comments

Keywords:

, , , , , , , ,

010 Choosing Accounting Software for PNG Entrepreneurs This episode addresses common questions about accounting software options, user-friendliness, and the significance of building a finance function for modern ...

The bible for tax management in entrepreneurship 👇🏾

Certified Income Tax Act 2025 Now Available!

The Certified Income Tax Act 2025, set to be implemented on 1st January 2026, is now available for public access.

🔗 View it here:
- Legislation Page: https://irc.gov.pg/pages/know-your-taxes/legislation-home
- Direct PDF Download:https://static.irc.gov.pg/2025/October/0uvVvY-media-certifiedincometaxact2025.pdf
- Public Notice: https://irc.gov.pg/news/public-notices/certified-income-tax-act-2025-now-available

Please note the IRC website currently reflects the existing Income Tax Act 1959. The content will be updated accordingly in due course.

📧 For queries, email: [email protected]

Tap the link in bio to get there ➡️