Is bankruptcy right for you?
“Are you facing foreclosure and want to save your home? Chapter 13 will stop the foreclosure on its tracks and allow you five years to pay off the default while…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Are employees with work visas protected from wage theft?
“AVisa workers come to work in the U.S. hoping to better their lives and their families’. They work hard, and are less likely to complain about substandard working conditions. There…
How does IRS score your tax returns for audit?
E-Filed Returns: • Electronic data are transmitted to a centralized Submission Processing Center. • Tax preparation software assigns a unique 14-digit Declaration Control Number to each return. • A unique…
If you have debt problems, where did they come from?
I WAS counseling someone the other day in my office. He looked shocked and confused as we sorted through all the credit card statements on my desk and added up…
From business journalist to social entrepreneur
MAD Travel co-founder Tom Graham shares journey towards social tourism platform Whether it’s family, friends, pristine beaches, food, shopping, or business — people find themselves in the Philippines for a number of…
Philippine trade agency hosts seminar on job creation and entrepreneurship in LA
LOS ANGELES — In an effort to uplift the jobs market in the Philippines, the Philippine Trade and Investment Center and the Philippine Consulate General of LA hosted a “Trabaho,…
SM Cares forum tackles disaster preparedness for youth with disabilities
More than a hundred participants in wheelchairs, crutches and accompanied by caregivers, attended the first Emergency Preparedness Forum at the SMX Convention Center. Hosted by SM Cares, the Corporate Social…
Resident, nonresident alien status tax wise – Part 2
(Part 2) IN part 1: We defined 1) who are resident aliens, nonresident aliens or both, 2) who are exempt individuals, and 3) closer connection exception. In part 2: We…
Client seeks Chapter 13 relief for massive default on mortgage
THE client is 55 and single. He appears to have no problems to worry about. He is self-employed and makes about $5,000 monthly teaching people a special skill. He has no…
PLDT, Smart cited as PH’s fastest in Ookla Speedtest Awards
PLDT group wins twin country awards for top mobile and fixed network PLDT and its wireless subsidiary Smart Communications, Inc. (Smart) have been cited for being the country’s fastest fixed…
Clark Freeport and Special Economic Zone, the New Business and Investment Hotspot in the Philippines
Investment opportunities in the Philippines’ “alternative city” mapped out Manila, July 2018 – Plans to position the Clark Freeport and Special Economic Zone as a regional business and investment hub…
Valuable insights on international trade opportunities
ONE of the purposes of the upcoming “Multi-City Travel,Trade & Consumer Roadshow” on Saturday, August 4 and Sunday, August 5, at the Southbay Pavilion in Carson, CA — spearheaded by…
Fiesta In America: unique booster of US and RP brands
Numbers don’t lie. Data, in fact, tell startling truths about a population niche in the United States whose profile may be low, but whose income leads most populations: Filipinos. A…
Protecting employees from retaliation when they report misconduct
Q: AS a newly hired employee, I have seen discriminatory practices against women and older persons in the company. I reported these to upper management and I was told something…
How does the IRS look into your hobby losses?
THE classic “hobby loss” situation involves a professional or businessperson who starts Zumba classes, dog-breeding business or a farm. If the IRS determines that the Zumba, dog-breeding, or farm project…
Bankruptcy: How you can turn failure to success
BANKRUPTCY sure sounds like a scary word. And most people see it as an admission of financial failure. By declaring bankruptcy, they figure they are hitting rock bottom. But is…
The wage gap between rich and poor increases among Asian Americans
Asian Americans now have the highest income inequality among all racial and ethnic groups, new Pew report shows Income inequality has been steadily rising for the last 50 years for…
Taking care of family: The struggles of an unpaid caregiver
WE may always think that as Filipinos, our culture dictates that we are expected to take care of our parents when they are no longer able to take care of…
Five benefits of establishing a revocable living trust
There is never the perfect time to think about who you would like to inherit from your estate in case you pass away or at least who among your closest…
Should food delivery drivers be classified as independent contractors?
TECHNOLOGY has dramatically changed the way that people work and earn a living in the 21st century. Instead of the traditional employer-employee model, companies who need services obtain them from…
Senior seeks Chapter 7 relief for $60K credit cards but what is the status of residence?
THE client is 57 and is recently divorced with two children, one in high school the other in college. She makes $40,000 yearly in middle management for a large corporation….
Common bankruptcy fears and what to do about them
THE word “bankruptcy” is packed with all sorts of negative emotional triggers. It sounds bad — even dirty. It’s embarrassing. (What if people find out?!) People paint ugly pictures of…
Do hobby loses attract IRS audits?
YES, it does. Losses from hobbies attract IRS audits. It’s cool to run a business that you enjoy, such as photography, dance studio, martial arts, dog-breeding, farming, and other leisurely…
Disrupting the laundry industry: Fil-Am entrepreneur turns her passion for clean clothes into a business
In New York City, it is a luxury to have your own washer and dryer in your unit, or even in your building. Some would stuff their dirty laundry into…
Philippines growth to remain strong despite global uncertainty
MANILA, July 13, 2018 – The World Bank maintains its 6.7 percent growth forecast for 2018 and 2019 despite rising global uncertainty. Considering recent economic data, the composition of expected…
AdSpark strengthens digital agency capabilities through new leadership
Veteran marketing comms exec Onat Roldan appointed President and CEO AdSpark Inc, Globe Telecom’s digital advertising subsidiary, has appointed seasoned marketing communications executive Onat Roldan as the company’s new President…
Senior Care Home business 101
A Senior Care Home is also known as board and care, residential care facility for the elderly (RCFE) and assisted living facility. It is a place where non-medical care is…
Taxes for resident and nonresident aliens
(Part 2) IN the previous issue we defined: 1) who are resident aliens, nonresident aliens or both, 2) who are exempt individuals, and 3) closer connection exception. Do not forget…
Fired employees are entitled to final paycheck immediately
Q: TWO weeks ago I was fired from work. My employer told me my last paycheck will be mailed to me by next payday. I have not received it yet….
Unemployed senior converts Chapter 13 to Chapter 7 in fight to keep house
“ Even though the debtor was not employed, she was willing to liquidate a part of her retirement account to pay for the settlement to keep her house.” WHEN I…
