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Navigating Complexities of Employee Termination in the PH

WEBThe justification for termination varies based on the type of contract: Trial Periods: Stopping the contract is possible with valid reasons. Admissible reasons …

Actived: 7 days ago

URL: https://accountaholicsph.com/navigating-complexities-of-employee-termination-in-the-ph/

How to Secure your Company's Financial Health in 6 Easy Steps

WEBYou need to learn two important things to run a business effectively: Cash Flow and Profitability.Businesses need to properly manage cash flow as it determines the …

Category: Health Go Health

Mandatory Employee Benefits Employers Must Provide

WEB2. Social Security benefits. Philippine Social Security System (SSS) contributions are also a mandatory employee benefit. The SSS can be seen as an …

Category: Health Go Health

What You Need to Know about the Accounting Cycle

WEBThe 8-step accounting cycle is a vital process that must be applied to all businesses as it allows you to track your financial situation, make sound business …

Category: Health Go Health

The Nuances of Tax Evasion vs. Tax Avoidance

WEBEvasion Versus Avoidance. Tax avoidance uses lawful tax-saving devices. You are only trying to reduce the amount of tax you need to pay by utilizing your tax …

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Unlocking the Secrets of Fringe Benefits Tax

WEBTo find this value, take the actual amount of the benefit granted and divide it by 65% (subject to the 35% FBT rate) or divide it by 75% (subject to the 25% FBT rate), …

Category: Health Go Health

What are the Mechanics of Taxation on Separation Pay

WEBThis separation pay, if due to death, physical disability, sickness, or causes due to reasons beyond the employee’s control, is tax-exempt. However, tax exemptions …

Category: Health Go Health

What is the Accounting Equation and Why It Matters

WEBThe accounting equation is a representation of the relationship between assets, liabilities, and equity. It is the basis or foundation of the double-entry accounting …

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The Difference Between Accounting and Auditing

WEBThis is the process of recording, preparing, reporting, and analyzing financial transactions. This accounting cycle begins with journalizing, which is a process by which …

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Importance of Financial Statement and Analysis

WEBFinancial statement and analysis, or financial reporting, are the practices that give a business’s stakeholders a detailed description of the current financial status …

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Why Your Business Cannot Survive Without a Bookkeeper

WEB4. Save money in the long run. While you will have to pay the professional fees of a bookkeeper, hiring one will save you money. You will be able to save by not …

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Business Registration: How to Do it in the New Normal

WEBThe New Normal, a term that has been used to describe reality amid the COVID-19 pandemic, is a means of addressing the current state the world finds itself in, …

Category: Health Go Health

Strategies for PH Startups: Navigating the Tax Landscape

WEBNavigate the financial landscape of startups with tax strategies. From choosing structures to employee benefits, optimize tax planning with expert accounting

Category: Health Go Health

HR Dilemma in the PH: Employees VS Independent Contractors

WEB2. Tax on Compensation. Employees. Employees are subject to withholding tax, which is essentially a tax on the income of employees. It is payroll-related and …

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Requirements for Foreign Corps Before Operating in the PH 2022

WEBTo find out the full list of processes and requirements that foreign corporations need to comply with before doing business in the Philippines, read on. 1. …

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How to Register for Sole Proprietorship in the Philippines

WEBPrepare all the certificates you gathered, along with the other identifying documents. Fill out BIR Form 1901 or Application for Registration for Sole Proprietorship …

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5 Practical Tips to Lower Your Business Expenses

WEB1. Optimize Your Resources. The easiest way to reduce overall business expenses is to reduce production costs. If you require raw materials, it is cheaper to buy …

Category: Health Go Health

Pros and Cons of Hiring In-House vs Outsourced Accountants

WEBIn-House Accountant. 1. Management of internal controls. Since in-house accountants are directly employed in your company, they can keep track and monitor …

Category: Health Go Health

How to Ensure Work Place Compliance By Knowing the Laws

WEBIf you want your business to stay alive and thriving, you must follow the rule of law. In a 2016-17 audit conducted by the Fair Work Ombudsman, the auditors found out …

Category: Health Go Health

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