Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
California judge denies motions to delay injunction A California judge on Thursday, August 13 denied motions by Uber and Lyft to extend a deadline to appeal a preliminary injunction that…
Your right to expression in the workplace Q: I SAW your article about employee protections for political activities like attending rallies. What about posting political messages on Facebook or other…
THE COVID-19 pandemic has changed everyone’s life in only a matter of months. As the virus continues to batter the economy, a lot of people are finding bankruptcy as their…
IS there a constitutional right to file for bankruptcy? Yes, there is. The United States Constitution adopted 250 years ago provides for the creation of bankruptcy courts and the power…
IT’S bad enough to receive a tax bill from the IRS. It gets worse when penalties and interest are added. Malo. 1. If the penalty is minimal, do it yourself….
By: Martin Santiago THE resilience of the housing market continues as mortgage rates hit another all-time low, giving potential buyers more purchasing power and strengthening demand. We expect rates to…
PHILIPPINE fast food giant Jollibee Foods Corporation (JFC) is the latest brand to feel the impact of the coronavirus pandemic after it suffered financial losses due to enforced lockdowns in…
1. THE failure-to-file penalty is generally more than the failure-to-pay penalty. If you cannot pay all the taxes you owe, file anyway to prevent the more costly failure-to-file penalty. 2….
Your work and your right to political expression Q: I CARE about today’s issues of social justice – from racial inequality to voting rights suppression to fighting for decent wages….
IF you’re in debt and are considering bankruptcy as an option for you to get needed relief, perhaps just hearing the word “bankruptcy” makes you extremely nervous. Maybe the word…
THE client is 53. He is married and owns a house. He used to have a business, which was a DBA sole proprietorship. “DBA” means “doing business as.” Sole proprietorship…
Nowadays, the Philippines, much like every other country in the world, is facing a very challenging and difficult time. Filipinos’ day-to-day lives have been affected by the COVID-19 pandemic in…
PATRICIA Samson worked as a portfolio manager for Wells Fargo Bank. On October 28, 2014, Patricia informed her supervisors that she would take a medical leave of absence to recover…
AS our tax laws become more complex, we find it more difficult to comply. The COVID-19 pandemic makes compliance even more challenging. As we fail to comply in filing or…
WHAT are friends for? Friends, of course, like to help each other. But to what extent and what favors can you ask from a friend? The client’s friend wanted to…
A Filipino American has been silently but efficiently disrupting the heavily evolving and saturated market of carbonated beverages, and in this specific case: sparkling water. Meet Sandro Roco, the 31-year-old…
The Philippines’ Bureau of The Treasury issued an invitation to overseas Filipinos to invest in Retail Treasury Bonds (RTB) in a Zoom presentation last Thursday, July 23. The presentation was…
LIKE most people, you’ve worked hard and have done your best to pay all your bills on time. But in life, at one time or another, we all find ourselves…
Asian American labor force and businesses disproportionately disrupted by COVID-19 compared to whites, UCLA report finds LAST week, California Governor Gavin Newsom announced that closures were once again being put…
JOURNEY at Pechanga, the par 72, 7,219-yard golf course at Pechanga Resort Casino, is now open with limited operations to maintain the health and safety of guests, team members and…
KAREN Martinez worked as a Case Manager for John Muir Health, a health care service corporation operating primarily in Contra Costa County, CA. Martinez was an hourly non-exempt employee who…
IRS penalties have been consolidated into two groups: A uniform accuracy-related penalty and a fraud penalty. 1. Accuracy-related penalties are computed at 20% of underpayments attributable to any of the…
THE client is 67. Her husband passed away five years ago after a long fight with kidney failure. He was on dialysis for eight years waiting for a kidney transplant….
MAYBE you’ve experienced this before. You’re driving down the road one cold, chilly day and before you know it, you find yourself surrounded by a thick white wall of dense…
YOUR penalties may be abated (forgiven) if you can prove Reasonable Cause. Here are some tips for you: • You don’t have a background in finance or taxation • You…
The right to privacy and intimate association JANELLE Perez was hired as a police officer in the Roseville Police Department. A few months into her probationary term, Janelle and a…
THE client is 71. Her husband died five years ago, so she lives with her unmarried son who does not have full time or steady employment. She has a large…
California Governor Gavin Newsom this week announced another round of closures, from bars to indoor shopping malls, as positive cases and hospitalizations associated with the coronavirus continue to be reported…
By: Martin Santiago, Broker-Associate WHAT’S a jumbo loan? A jumbo loan is any loan that exceeds the loan limits set by Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac are nicknames for the Federal…
Bankruptcy is often a last resort for people who are in serious debt trouble. But if you’re one of many millions of people who have suffered a job loss due…
