Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
May 9, 2017 – Globe myBusiness, the micro, small and medium enterprise arm of Globe Telecom launches today its online learning site designed to provide entrepreneurs with easy access to…
One hundred fifty million dollars or more than 7.78 billion pesos worth of export and domestic sales are expected to be generated by around 450 anticipated local and international food…
THE Foreign Account Tax Compliance Act (FATCA) requires foreign financial Institutions and other non-financial foreign entities to report on the foreign assets held by their U.S. account holders or be…
The 12th edition of the International Food Exhibition (IFEX) Philippines is set on May 25-27 at the World Trade Center Metro Manila, Pasay City. Food exporters or those with the intent to break…
A LOT of people who are in over their heads in debt think of filing bankruptcy as their last resort. But they are afraid that they might be making the…
IF you have offshore bank accounts, should you report the accounts to the U.S. government? Yes, if the aggregate balances exceed $10,000 at any time during the year. What if…
WORKERS generally lose when they are classified as independent contractors (ICs) instead of as employees. Companies misclassify real employees as ICs in order to save money. This is good for…
FOR most of us, busy driving the kids (or grand-kids) to school, going to work, and trying to pay the bills, the last thing on our minds is our mortality….
SEC 25C refers to the $500 home or residential energy efficient credit expired after 2016. Sec 25D refers to the solar electric and solar water heating systems residential energy efficient…
Q. AM I required to report bank accounts in a foreign country? A. Yes, if you have more than $10,000 at any time outside the U.S. Q. Am I exempted…
THE client and her husband are the only stockholders of an S corporation that has been doing well for the last 15 years. In fact, it’s still doing well and…
MICHELLE McGrath and Veronica O’Boy worked for Wyndham Resort Development Corporation and its affiliates as Salespersons in California. Wyndham employed them to sell its goods and services such as interests…
ARE you seriously in debt and thinking of filing bankruptcy as a last resort? Individuals who have accumulated excessive debt are often left to ponder whether they should file bankruptcy…
“Applicants for diplomatic or official visas will be exempt from the proposed revised questions.” ON March 30, 2018, the Department of State published in the Federal Register its…
Offers optimized footprint design, advanced product features, and competitive specifications Easy to install, use, and service quickly Addresses customer needs in a wide-range of industries and environments Elevates industry standards…
THE client is a corporation that has been in business since 2000. It had good times and bad over the last two decades but always managed to land on its…
STARTING March 27, 2017, new applications for offer in compromise (OIC) plus the application fee will be returned by the IRS if all required income tax returns are not filed…
Inaugural hub locations include Historic Filipinotown In Los Angeles, cars continue to be the preferred method of travel for many of the county’s 10 million residents. This is true even…
Manila, 24 April 2018 – Global real estate consulting firm JLL (NYSE: JLL) has acquired JCL International, a Philippine company that provides project management and construction services. Established in 2002,…
CRIMINAL Investigations can be initiated from information obtained from within the IRS when a Revenue Agent (auditor) or Revenue Officer (collection) detects possible fraud. Information is also routinely received from…
THE client is a corporation that has been in business since 2000. It had good times and bad over the last two decades but always managed to land on its…
THESE days, employers generally know that gender discrimination, i.e., singling out someone for negative treatment just because of their sex, is illegal. Employers may have a handbook saying all the…
THE cost of a college education has spiraled out of control for most families. In the last 10 years, student loan debt has sharply risen from $240 billion to $1…
LG Electronics continues to establish its strong foothold in the OLED TV market with impressive, industry-topping sales in 2017. Global sales and shipments prove that LG is, once again, the…
The Bank of the Philippine Islands (BPI) will allocate approximately P50 billion from its stock rights offering (SRO) on four strategic opportunities that will help the Bank in its expansion…
Education has also long been cited as a way out of poverty and a path towards new opportunities and a better future. Yet, inequity in education continues to be a…
WHAT you need to do when you received a call or notice from the IRS? Below are some tips that you should be aware of: • Revenue Officer (RO) observes…
New offering delivers unmatched protection for all apps, with flexible consumption models to fit any deployment and management scenario Manila, Philippines, APRIL 13, 2018 – Coinciding with the Australian Cyber…
THE Internal Revenue Service (IRS) Criminal Investigation Division (CID) conducts investigations regarding violations of the Internal Revenue Code, the Bank Secrecy Act, and Money Laundering statutes. What are warning signs…
TWO clients with issues relating to known and unknown persons who used their names and social security information to borrow credit card in their names. The first client is 51…
