Be updated on our latest insights

You heard the alarm ring. You woke up and checked your clock. What time was it? It was still 5:00 a.m. So, what did you do next? Took a shower? Dressed for school, for work? No. Instead, you hit the snooze button, rolled back to bed, and murmured a promise to wake up by the next alarm. Like any other promise you create, you made it. Congratulations for making it on the fifth alarm!

“Would you rather eat a chocolate-flavored poop or a poop-flavored chocolate?” That’s my nine-year old’s favorite “Would you rather” question. “Would you rather” is a game we often play to pass time. It is a game my wife and I introduced to our kids to generate conversations and laughter. It was interesting for us as adults to hear how our kids, at their very young age, make choices and reason out. Oftentimes, the choices are between bad and worse or between something good and better, depending on a person’s biases and perspective. A year ago, at the latest, my second daughter would simply copy the choice made by her older sister but, as the younger one gained more experience, she is starting to make her own choices and her reasoning begins to become more complex.

Nothing is forever, except change. The wise words of Buddha proclaim the undeniable truth that the only thing constant is change. Life is a process of becoming; thus, we should always keep ourselves abreast with the changing times. After all, progress is impossible without changing the status quo.

BUSINESS entities must pay their local business taxes (LBT) with the local government unit (LGU) every year.

Another new year, another set of goals and resolutions reflected upon and listed. Some resolutions are new but, if you are like me, most of this year’s resolutions are recycled from previous years, because they were not achieved. For many of us, our resolutions and goals are tied to what we mostly do during our waking hours — work. In an earlier article I wrote, I intimated my disbelief that one should love one’s work; that it cannot be true, because it is not true for everyone; that there are certain activities that would be almost impossible to love, like cleaning a poso negro. A noble job, yes; something that can help one provide for the family, but I find it hard to accept that one can love doing such a task.

As we hit the first month of the year, it is time for another round of renewal and compliance. What better way to start the year than to have a clear mind set of what needs to be accomplished.

As the last grain of sand dropped from the hourglass and fireworks exploded into the sky, the new year brings the hope of a new beginning. People with newly-cut hair and dressed in fresh clothes feasted on an abundant array of food. Homes are ablaze with excitement for the unknown future that the new year may bring.

From pricing and reputational risks to the threat of systems overload and cash flow disruption, indirect taxation is nothing like as easy as it seems. So how do you manage the hidden complexities of indirect taxation?