Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
THE creation of technology-driven industries has given rise to new business models that may not follow the traditional employer-employee relationship. Companies, for example, may practice “outsourcing” or “crowdsourcing” where they…
THE first client is 34. She is recently married and now has a one-year-old son. She used to be employed making a gross of $50,000 yearly. At the same time,…
TOKYO, JAPAN – In a parallel event to the 14th Philippine Business Mission (PBM) for tourism held in Japan, President Rodrigo Duterte met with leaders of the Japanese travel industry…
I WAS in line at the grocery store the other day and noticed the man in front of me smiling and looking at me as if he wanted to say…
THE client is 48, married and has a good job paying him $100,000 gross a year. A family emergency has caused him some financial hardship because money meant to pay…
Off-the-clock and “Unapproved” Work Hours are Still Compensable Q: I work as a nurse at a hospital that has a strict policy of no unapproved overtime. We don’t ask for…
THE Tax Cuts and Jobs Act (“Act”) makes changes to the general business credit by adding a new Paid Family And Medical Leave Credit and changing the Rehabilitation Credit and…
The Philippine Navy’s first missile warship BRP Jose Rizal on Thursday, May 23 was launched in South Korea at a ceremony spearheaded by the top defense and military officials from…
MANILA – Thousands of small and medium enterprise business owners and aspiring entrepreneurs gathered at the country’s largest business-2-business expo, conference, and networking event dedicated to empower the Small and…
SIX Philippine companies are included on the 2019 Forbes Global 2000 list, comprising of the world’s biggest, most powerful and most valuable companies. The Filipino companies considered among the largest…
THE first client is 48, married, and has a good job that pays $80,000 a year. His wife makes another $40,000 a year. Together, they make $120,000 gross a year. …
ERIC Hazard worked for 17 years for Raley’s as a pharmacy manager. Eric’s son, Andrew, is 32 years old and disabled with hydrocephalus, a buildup of water on the brain,…
Estate and gift tax exemption: The Tax Cuts and Jobs Act (the “Act”) increased exemptions (nice) for estates and gifts to $11.2 million ($22.4 million for married couples). Before tax…
THE right place at the right time bodes good things for the right endeavor. PNB puts itself right smack dab in the heart of the Filipino American community. This is…
“So now I say to you, if you have accumulated debt, take it easy, we can get rid of those burdensome debts that weigh you down every day of your…
IT is often said that running your own business is like raising another child. Entrepreneurship is already a massive undertaking, and for some mothers, there’s an extra layer of being…
Not getting enough B vitamins in your diet can cause fatigue; the last thing someone with a busy lifestyle wants. Fatigue may be caused by so many factors out of…
The Philippines’ recent credit rating upgrade from Standard and Poor’s (S&P) is due to the economic reforms under the Duterte administration, Malacañang asserted on Thursday, May 2. S&P upgraded the…
WHILE nearly all articles relate to change, let’s depart from that norm and discuss a few deductions that won’t change. 1. Student Loan Interest Deduction: The Tax Cuts and Jobs…
ROSARIO Contreras-Velazquez worked for Family Health in its medical records department when she suffered a work-related repetitive strain injury to her right upper extremity. After surgery, she developed complex regional…
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 $4K….
DONOVAN Sebastian worked in sales for Sprint/United Management Co. Sprint provided him and other employees with vehicles for them to travel between stores. Sebastian, on behalf of himself and other…
THE first client is 48 and got married in the last four years. Her husband was a foreigner who professed his love for her in so many ways. Unfortunately, his…
GENE3RALLY, you may deduct casualty and theft losses relating to your home, household items, and vehicles on your federal income tax return. What used to be deductible under old law…
ARE you debts growing faster than your income every month? Trying to pay what you can but feel like you’re running on a treadmill and not getting anywhere? Do you…
Finance Secretary Carlos Dominguez III on Thursday, April 11, said the Philippines is set to become an ‘upper-middle-income’ economy this year with the assistance of the World Bank (WB). According…
The Department of Trade and Industry (DTI) on Tuesday, April 23, said the Philippines is expecting to seal at least $10 billion worth of investment and trade deals when President…
Q: I was diagnosed with herniated disc and severe anxiety. I want to request leave but want to keep my privacy at work. Do I need to tell my employer…
THIS week is Holy Week again. The whole Christian world observes the passion of Jesus Christ. In many countries, the faithful reenact the passion and suffering of Jesus. They wear…
THERE are two types of income tax – regular tax that you are familiar with, and an Alternative Minimum Tax (AMT) that you may not have encountered. If you had…
