[COLMUN] IRS offers identity protection PIN to defend you from scammers
THE IRS expanded the Identity Protection PIN Opt-In Program to cover all taxpayers to include you. This Identity Protection PIN (IP PIN) is a six-digit code known only to you…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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[COLUMN] Reporting time may entitle employees to additional pay
“It is the employer who directs the manner in which the employee is to present himself or herself for work – whether at the worksite or by phone. Either way,…
17 PH tycoons on Forbes 2021 World’s Billionaires List
SEVENTEEN Filipino tycoons have secured their spots on Forbes’ annual list of the wealthiest people in the world. Forbes on Tuesday, April 6, released its 2021 list of global billionaires,…
City of LA launches emergency rental assistance program
RENTERS in the City of Los Angeles have until the end of April to apply for the second round of rental assistance. LA, in partnership with the federal government and…
[COLUMN] Should you be paid if the boss requires COVID testing and vaccination?
AS the COVID-19 pandemic continues, government agencies have issued guidance on how to reduce transmission of the illness. On March 4, 2021, California’s Department of Fair Employment and Housing (DFEH)…
[COLUMN] Stop foreclosure, reduce your debt by filing Chapter 13
HAS your income been affected by the COVID-19 pandemic? If you are currently unemployed and have no resources to pay creditors, filing for Chapter 7 bankruptcy to wipe out your…
[COLUMN] IRS, FBI, FTC warn of new mobile phone scams
Thieves’ new target: Mobile phones. People are vigilant in protecting their computers but not their cell phones; accordingly, scammers are feasting on mobile phones. The IRS FBI FTC have issued…
[COLUMN] Chapter 7 vs. Chapter 13
IS Chapter 7 better than Chapter 13? I would say generally speaking if you have accumulated debt that is too burdensome for you, Chapter 7 is better for you than…
East West Bank Foundation stands with the AAPI community in time of need
THE East West Bank Foundation is committed to supporting diversity and anti-discrimination efforts. To help stem the rash of violence against AAPIs, the East West Bank Foundation is contributing to…
[COLUMN] How to get out of debt: Know your options
ARE you seriously in debt and don’t know what to do about your situation? Are you afraid that unless you do something about it, thing will just continue to get…
Strict new guidelines set for hotels under ECQ; Lenten ‘staycations’ within NCR Plus suspended
The Department of Tourism has issued strict new guidelines for the operation of DOT-accredited hotels and other accommodation establishments during the Holy Week in the light of a new surge…
[COLUMN] 2021 IRS tax filing deadlines
Feb. 1, 2021: Employers to mail out W-2 Forms to their employees; businesses to furnish 1099 Forms reporting non-employee compensation, bank interest, dividends, and distributions from a retirement plan. Feb. 1, 2021: Financial institutions to mail…
[COLUMN] New paid sick leave law re: COVID-19
Last year, private employers with 500 or more employees were required to provide California employees with paid sick time for COVID-19-related absences. That law, AB 1867, aimed to close the…
[COLUMN] Classic Chapter 7 cases
FIRST of all, let’s have a moment of silence for the 10 innocent victims of the shooting massacre in Boulder, Colorado earlier this week. This was another senseless killing of…
CITEM, FAME+ brands to showcase nature-inspired pieces at Philconstruct VX
The Center for International Trade Expositions and Missions (CITEM) brings in 10 of the country’s leading manufacturers of world-class décor, furniture, homeware, and lighting in the first-ever digital edition of…
Pure Air Everywhere with LG PuriCare™ Wearable Air Purifier and new line of Air Conditioners
LG Brings UVnano Technology to the Philippines LG Philippines has finally launched one of their most eagerly awaited Air Solutions products in the country. In a recent installment of the…
[COLUMN] Filing bankruptcy: Lose your debt, not your assets
Filing bankruptcy can be a big decision that most people put off until they realize that they have no other way out of debt. Unfortunately, however, sometimes people wait too…
[COLUMN] The ‘Hero Pay’: LA enacts $5 hourly hazard pay for grocery & pharmacy employees
IT has been over year since California declared a state of emergency due to the COVID-19 pandemic. Since then, many employees have stopped coming to their workplaces and have worked…
[COLUMN] Q&A for third round of stimulus payments
HERE are simplified Questions & Answers about the freshly minted third round of stimulus payments under the new American Rescue Plan Act of March 2021. 1. How much is the…
PH builds food-export momentum at Biofach 2021
The Philippine participation at the recently concluded Biofach saw promising numbers in terms of buyers met, inquiries garnered, and negotiated sales accumulated CITEM Executive Director Pauline Suaco-Juan is optimistic about…
[COLUMN] Do not guarantee business loans
FIRST of all, let’s have a moment of silence in prayer for those who were killed in the massage parlors in Georgia two days ago: Delaina Ashley Yaun, Xiajie Tan,…
Jollibee seeks global expansion in 2021
THE pandemic is not stopping Filipino fast-food chain Jollibee from reaching its goal of opening 450 restaurants around the world in 2021. Jollibee CEO Ernesto Tanmantiong said he is looking…
Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline
WASHINGTON — The Treasury Department and Internal Revenue Service announced on Wednesday, March 17 that the federal income tax filing due date for individuals for the 2020 tax year will…
Island Pacific condemns recent surge of hate crimes against Asian American community
Island Pacific is a supermarket chain that caters to all communities however considers the Filipino American and Asian American as their biggest demographic of loyal shoppers. With the current anti-Asian…
[COLUMN] Stuck in debt during the pandemic? Here’s how bankruptcy can help
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….
[COLUMN] Preventing a hostile work environment in male-dominated workplaces
IN 2001, Sara Alfaro became a firefighter with the San Diego Fire-Rescue Department (SDFD). Throughout her employment, she consistently performed with a rating of “above standard” or better. She has…
[COLUMN] China tech stocks (Part 2 of 3)
This is second of three articles about China technology companies. Bilibili (BILI) • Bilibili Inc. is a China-based company principally engaged in internet and other related businesses. • It’s the…
[COLUMN] Clients fit into classic Chapter 7 profile, eligibility for honest debtors
Different clients have different financial and asset situations, which make them start thinking about getting rid of accumulated debt. Nobody starts with borrowing money with the intention of defaulting and…
McDonald’s features ‘Raya and the Last Dragon’ Happy Meal toys
TO celebrate Disney’s latest animated adventure, McDonald’s restaurants nationwide are unveiling “Raya and the Last Dragon” Happy Meal toys. The Happy Meal lineup includes eight characters from the film, which…
[COLUMN] New California law gives greater protection to homeowners in bankruptcy
THIS has got to be the BEST NEWS for homeowners who are filing for bankruptcy to get out of debt! Given the huge job losses and high unemployment rate that…