Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
IN the wake of the #MeToo movement, there has been a lot of attention focused on non-disclosure agreements (NDAs), also known as confidentiality agreements (CAs). Sexual harassment victims who agreed to settle their…
THE existence of the COVID-19 pandemic has lasted for almost two years, forcing the world to live in a “new normal.” Due to the constant lockdowns, businesses have been forced…
MANY people are of the perception that simply downloading a prenuptial agreement from the internet and signing it with their fiance offers them a bullet proof protection from a divorce. …
WHEN the virus makes your income disappear overnight, it can be very frightening to realize that you can’t go very long without it because your bills don’t stop just because…
THE client is 72. He still works his normal job and makes about $3K a month. He also receives social security of $1K. So, his total income right now is…
Biden tax plan series WHAT Is a Gift Tax? Gift tax is a federal tax applied to an individual giving anything of value to another person. The donor must report…
MANY people are of the perception that simply downloading a prenuptial agreement from the internet and signing it with their fiance offers them a bullet proof protection from a divorce. …
TWO successful Filipino entrepreneurs in Australia and New Zealand recently entered into a $100-M engagement to jointly expand their respective businesses. New Zealand-based Starfleet Innotech, Inc., chaired by Jeths de…
THERE are two conditions that can determine the best time to sell your house. The first condition is during a “seller’s market” and the second condition is seasonal. A seller’s…
WHAT Is a Step-Up in Basis? The term “step-up in basis” refers to the readjustment of the value of an appreciated asset for tax purposes upon inheritance. It adjusts the value of an…
AARON Kudatsky worked as an implementation consultant in California for Tyler Technologies, a company that sells business and public sector operations software being used in finance, payroll, billing, and others….
AS you probably are aware, an individual can file either Chapter 7 or Chapter 13 under the bankruptcy code when he or she needs relief from accumulated debt. In Chapter…
WHEN it comes to credit card debt, a lot of people are in denial that they have a problem. Of course, denying doesn’t help because until you get to that…
THE purpose of spousal support is not defined by the legislature in that its purpose varies according to the facts and circumstances of each case. The facts and circumstances of…
GETTING a new business off the ground isn’t an easy feat. Growing and moving it in the right direction aren’t without challenges, too. In a global economy that’s ever-changing, businesses…
Biden tax plan series WHAT is required minimum distribution (RMD)? A required minimum distribution (RMD) is the amount of money that you must withdraw from your traditional IRA, employer-sponsored retirement plan, …
NO one ever likes to talk about bankruptcy. However, it’s simply a fact of life. Things happen. Whether it’s losing your job, going through a divorce, having huge medical bills…
THE client is 66. He says he is now old all of a sudden. He migrated here in 2004 so that’s 15 years ago. When he deplaned at LAX, he…
BACK in 2020, Proposition 22 was voted into law. App-based companies like Uber, Lyft, and Doordash spent upwards of $200 million in funding to get Californians to vote on this…
EPIPHANY Café [franchise group] was born from a love of coffee and donuts. Through passion, and much dedication, Epiphany Café quickly became the gourmet donut café in Hamilton, before expanding…
Smokefree Innotec, Inc. (SFIO), a New Zealand-based Filipino company, is starting its educational road tour in the United States. The company’s chairman, Jeths De Jesus Lacson, announced that SFIO has…
IF you are searching for debt reduction solutions, no doubt you’ve been inundated with advertisements for various debt management programs, companies and solutions. The choices seem confusing to the average…
THE ongoing debate of real estate is — “Should you buy or rent?” The right answer is: it depends. It depends on your situation and the factors in your lifestyle,…
Biden tax plan series WHAT is the Social Security tax? Social Security tax is levied on both employers and employees to fund the Social Security program. It’s collected through payroll…
William Maner worked for decades as a biomedical design engineer in the laboratory of employer, Dr. Robert Garfield. Garfield’s laboratory initially operated in Texas. Maner’s coworkers were Dr. Yuan Dong,…
SENIOR no. 1 and senior no. 2 are in the same boat. They each have car repossession deficiencies of over $100,000 and business credit card debt of $50,000. Just by…
By Cora Mopera, Branch Manager, Chase Managing your money can be overwhelming but it doesn’t need to be. Understanding things like budgeting, saving, paying your bills, and even building your…
Most debt problems don’t go away and solve themselves. They are there when you go to bed at night, and they’re still there when you get up in the morning….
Biden tax plan series A certain provision in the Internal Revenue Code allows you to defer (postpone) gain on the sale of a business or investment property. “Tax deferred” means…
PAY debt off completely There are, of course, different ways of getting rid of debt. The most obvious is just pay it off. Let’s say you owe $50,000 of credit…
