Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
JOSELUIS Alcantar works for Hobart Service as a service technician travelling to Hobart’s customers to perform after-sale maintenance and repair services on equipment sold by Hobart’s parent company. Service technicians…
ACCORDING to statistics, debt problems are one of the leading causes of divorce in this country. When couples have more debt than they can handle, stress and tension easily build…
Philippine Stock Exchange signs first MoU with Oxford Business Group Manila, May 29, 2018:Thenew 2018 report from global research and consultancy firmOxford Business Group(OBG) maps out the positive impact on…
THE only means an employer can offer employees between taxable and nontaxable benefits is through section 125 plan. What are a section 125 plan, a cafeteria plan, and the IRS…
AFFECTED Transactions A. Currency Transaction Report (CTR): You must report cash transactions in excess of $10,000 during the same business day. The amount over $10,000 can be either in one…
Both qualify for different chapters of the bankruptcy code MOST debtors prefer to have a Chapter 7 wipe-out of debt. This is called a fresh start without debt. Most debtors…
ON May 29, 2018, about 175,000 Starbucks workers at about 8,000 locations will undergo a training on race discrimination. The training session will focus on understanding both racial bias and…
“If you’ve come to the end of your financial rope and don’t know what else to do, it is time to face your debt problems with dignity and do what…
The United States and the Philippines want to move forward with a bilateral free trade deal, said the Philippines Department of Trade and Industry (DTI). The consensus followed a visit…
A 5-4 U.S. Supreme Court decision reached Monday, May 21 made it so that businesses can now forbid their workers from banding together in class action lawsuits, and instead require…
IN February 2018, the IRS will start certification of individuals with delinquent tax debt to the State Department. How will the IRS certification impacts you? • Upon receipt of certification….
IRVINE, CA — The Asian Business Association of Orange County (ABAOC), held its annual Small Business Development Day (SBDD) on Thursday, May 10 at the Delta Hotels By Marriott in…
IF you are a US citizen (or dual citizen) residing outside the U.S. but do not report your foreign accounts, you may be subject to harsh penalties—penalties that are more…
TERMINATIONS can be difficult situations, particularly where employees see the firing as unfair. The following are some helpful guidelines in navigating this difficult time: First: Make sure that the employment…
IT can happen to anybody. At one time or another in life, we may be faced with financial and debt issues that seem impossible to overcome. A lot of people…
YOU have not filed your income tax returns for the current year and previous years because: 1) you decided you are not required to file? 2) You are a victim…
I KNOW we’ve never met but if you are facing debt problems, I know there’s a common concern that people share when they are in your situation. As a debt…
IF you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial…
WE recently discussed the problems surrounding employees who are paid only by commission. One of the problems we pointed out was that commissioned employees are often shortchanged when it comes…
THE client is 42 and is going through a divorce. It was a short two-year marriage. He has moved out of the marital home and now lives by himself. He…
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…
