Poe: ABS-CBN hearing fair and objective
Despite her family connections to ABS-CBN, Philippine Senator Grace Poe on Wednesday, February 26, said the network giant’s franchise hearing is fair and objective. Poe, who chairs the Senate Committee…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Starting a new life after bankruptcy
IF you are in debt and are seriously considering bankruptcy as an option, I am sure a lot of thoughts are going through your mind. I just want to get…
Owner of several businesses needs bankruptcy relief
EVEN though the economy and stock markets are positive, the coronavirus problem has dampened business outlook worldwide. Given this environment, not all businesses here are able to survive. For instance,…
Bag checks at work should be paid as hours worked, says CA Supreme Court
AMANDA Frlekin and others worked for Apple Inc. as retail store employees in its retail stores in California. Apple requires them to undergo exit searches pursuant to its “Employee Package…
Top tax audit triggers (Part 3 of 4)
You deposited or withdrew over $10,000 in cash: Depositing or withdrawing over $10,000 in cash attracts attention. Banks are required to notify the IRS. Depositing or withdrawing $9,950 or $5,000…
Philippine Senate hearing on ABS-CBN franchise to proceed on February 27
The Philippine Senate will proceed with its first hearing on the franchise renewal of broadcasting network ABS-CBN this month, ahead of the House of Representatives, which has yet to discuss…
What bankruptcy can and cannot do for you
IF financial start. Bankruptcy is a powerful remedy because it stops most collection actions, including lawsuits, wage garnishments, bank levies and foreclosure. It also wipes out many types of debts….
ABS-CBN can apply for new franchise – Palace
As protests continue against the Duterte administration’s move to revoke ABS-CBN’s franchise, Malacañang on Thursday, February 13 brushed it off as “much ado about nothing” since the media giant can…
Top tax audit triggers (Part 2 of 4)
You missed to report all W-2s, 1099-MISC, 1099-INT or 1099-INT: If you missed to report income from employment (W-2 with withholding) or independent contracting (Form 1099 without withholding), tough luck….
What are the pros and cons of filing for bankruptcy?
LET’S assume that you have incurred too much debt. What do I mean by too much debt? By this, I mean that you are now a slave to creditors because…
Can you have two employers for the same job?
And which of them should pay back wages? ELVIA Jimenez worked as a direct employee for Ameritemps, a temporary employee staffing service. Ameritemps placed Jimenez with U.S. Continental Marketing, Inc….
House Speaker vows impartial hearing on ABS-CBN franchise renewal bills
Philippine House Speaker Alan Peter Cayetano vowed that there will be fair hearings into the bills seeking to renew the franchise of media giant ABS-CBN. According to him, the franchise…
Palace: ABS-CBN’s fate up to Congress, Supreme Court
THE fate of ABS-CBN’s franchise renewal lies upon Congress and the Supreme Court, Malacañang said on Tuesday, February 11. This comes a day after Solicitor General Jose Calida on Monday,…
Health agencies, Big Tech seek to dispel mass misinformation on coronavirus
Groups condemn anti-API ‘racism and hate’ AS the global medical community continues to try to mitigate the threat of the severe coronavirus, the World Health Organization (WHO) and leading social…
Protecting employees who uphold the rights of their co-workers
JEREMIAH Matthews worked as a cook and a maintenance supervisor for Happy Valley Conference Center. Happy Valley is an affiliate of the Community of Christ Church and hosts seminars, retreats,…
Top tax audit triggers (Part 1 of 4)
Scoring system: The IRS uses a Discriminant Function System (DIF) to determine returns that are most likely to generate additional revenue for the government. Although the scoring is secret, it’s…
How does the bankruptcy means test work?
IS the means test in bankruptcy? It’s a method for calculating what your household income is to determine if you qualify for Chapter 7 or Chapter 13 of the bankruptcy…
Can’t have peace of mind due to debt problems?
ARE you having problems paying your debts? Are creditors calling you day and night threatening you with a wage garnishment, repossession or foreclosure? Are you starting to feel hopeless and…
Duterte open to talk to water firms as long as they return money to citizens
President Rodrigo Duterte on Thursday, February 6, asked Manila Water Co. and Maynilad Water Services where the money they allegedly stole from their consumers went, adding that he would entertain…
Legalizing unpermitted work
by: Martin Santiago UNPERMITTED work is a blanket term that applies to any modifications made to the home that should have been permitted but were not. The permitting laws are…
Pechanga Resort Casino named founding partner of SoFi Stadium and Hollywood Park
Pechanga tribe announces $100,000 in grands for Inglewood educational and non-profit orgs SoFi Stadium and Hollywood Park officially announced Pechanga Resort Casino as its newest Founding Partner of the new…
Chapter 7 debt relief for a fresh start
THE YOUNG: The first set of clients are in their late twenties, the epitome of youth. They have their whole life ahead of time. They married three years ago. Right…
Grand opening event at The Resort in Rancho Cucamonga on Saturday, February 8
(Rancho Cucamonga, CA) – Get ready to celebrate! Saturday, February 8 from 11:00 am to 3:00 pm, you’re invited to the Grand Opening Event at The Resort in Rancho Cucamonga!…
Franchise Trade Mission presents opportunity for Fil-Ams to learn about small businesses in PH
The Filipino American Chamber of Commerce Foundation Inc (FACC Foundation) presented its kickoff orientation event for the Filipino American Franchising Trade Mission (FAFTM) at the Philippine Consulate on Wilshire Blvd…
Asian Americans Advancing Justice – Los Angeles announces nationwide search for new CEO
ASIAN Americans Advancing Justice – Los Angeles (Advancing Justice-LA) has launched a nationwide search for a new Chief Executive Officer. The search is a first for the organization, which was…
Is this Filipino “church” engaging in human labor trafficking?
ON January 29, 2020, the FBI conducted a raid of the Kingdom of Jesus Christ, the Name Above Every Name church in Van Nuys, California. During the raid, the federal…
Why are more seniors filing bankruptcy?
ACCORDING to a new report, the number of seniors filing bankruptcy is increasing rapidly. The average senior who files bankruptcy these days owes approximately $17,390 according to the report (Although…
Chapter 7 debt relief for a fresh start
THE YOUNG: The first set of clients are in their late twenties, the epitome of youth. They have their whole life ahead of time. They married three years ago. Right…
Your chance of getting audited in 2020
YOUR chances of being chosen for audit has been miniscule for more than 10 years. IRS was underfunded and understaffed. They didn’t have financial resources to hire and train auditors….
SWS: More Filipinos expect lives, economy to improve in 2020
MORE Filipinos expect their lives and the country’s economy to improve in the next 12 months, according to the latest Social Weather Stations (SWS) survey. The poll, conducted from December…
