BusinessAccent.com: Man, mind, marketing, money and manners - Latest Comments

Re: Ten online business ideas for unemployed people

facebook-1648960034 — Tue, 03 Nov 2009 13:57:39 -0000

I have tried both domaining and website flipping before, domaining went pretty decent back then, but I didn't really made much much profit out of it, but for my first couple of weeks in the online world it was already decent money for me.

Website flipping, well, I developed a few sites back then and the value has multiplied itself a few times but definitely not as big as yours, but still it's money and it is profitable and that is what matters.

I'll try to do that again, but it'll be tougher as each day passes, more people getting connected, more people to deploy their websites on the web which means more competition.

Re: Philippines’ Top 25 Blogs of 2009

viclogic — Tue, 03 Nov 2009 00:27:13 -0000

Thanks for visiting Kevin. Pinoy teens has been a great blog not only for teens but also for everyone that need to be inspired. Keep up the great work.

Re: Philippines’ Top 25 Blogs of 2009

facebook-1648960034 — Mon, 02 Nov 2009 23:48:06 -0000

Good to see Pinoy Teens still making it to a list like this :) Hope we can do better in 2010, I've got a pack of authors who will aid me writing, so it won't be MY site anymore, but OURS.

Congratulations to all!

Re: How to serve and satisfy your customers?

viclogic — Mon, 02 Nov 2009 21:49:46 -0000

Hi Jeremy,

Thanks for dropping by. I really agree that good service is what will customers return always - that's the thing why they are buying your services.

Re: Philippines’ Top 25 Blogs of 2009

viclogic — Mon, 02 Nov 2009 21:47:46 -0000

Thanks for dropping by. And BTW, congrats for being a finalist in the 2009 PBA award. I wonder if they have already released the badge for finalist and winners.

Surely you will make it to the list next time. I mean we will...:)

Re: How to serve and satisfy your customers?

mezzi — Mon, 02 Nov 2009 19:05:54 -0000

You can never over estimate the importance of providing good service. Good service is what will bring your customers back again and again. If you can't make them feel welcome, they will just go somewhere else with a similar product.

Re: Philippines’ Top 25 Blogs of 2009

Millionaire Acts — Mon, 02 Nov 2009 19:03:29 -0000

Nice list Vic! I just hope someday myb log would be included in this list. :)

Re: Ten features and qualities of a good entrepreneur

viclogic — Mon, 02 Nov 2009 04:20:28 -0000

That's right, we live not by food but we live by our spirits. Planning is very important, and it's even one great virtue stated in the Bible to achieve lasting success.

Re: Ten features and qualities of a good entrepreneur

dextertechathandnet — Mon, 02 Nov 2009 02:22:10 -0000

I think this reminds me to plan.. because usually, I am very impulsive. The moment i think of it , i do it.. and sometimes it fails.. in addition number 10 is my favorite. We need to have spirit and believe on what we do.

Re: Free Search Engine Optimization (SEO): Article writing

viclogic — Mon, 02 Nov 2009 01:56:59 -0000

Thanks Dexter! You have a great site too. Short or long article - what important is it's quality and how it can help and become useful to users.

Re: Free Search Engine Optimization (SEO): Article writing

dextertechathandnet — Sun, 01 Nov 2009 23:46:14 -0000

I can say is the more we write the more possibilities of our site to be noticed. I don't usually write long article.

I like the concept of RUN [Rich, Unique and Natural (RUN) ], a nice site ...

Re: How to Compute Annual Income Tax for Self-employed Taxpayers in the Philippines

evan99 — Sun, 01 Nov 2009 22:51:17 -0000

Thank you very much for sharing your knowledge to people who needs help to understand things.

Re: How to Compute Annual Income Tax for Self-employed Taxpayers in the Philippines

evan99 — Sun, 01 Nov 2009 22:49:15 -0000

Dear Vic,

Thank you for sharing your knowledge and your openness for helping people understand the Philippines tax laws and regulations.

Regards,

Evan

________________________________

Re: Keep an eye on your business

Termite Control — Sun, 01 Nov 2009 22:37:31 -0000

Very well said. Its very nice tip really very helpful for our business.

Re: The greatest marketer who ever lived on Earth

Termite Treatment — Sun, 01 Nov 2009 13:47:04 -0000

That has been the remarkable effort after all...

Re: Keep an eye on your business

viclogic — Sun, 01 Nov 2009 06:27:43 -0000

Yes Jean. Nice point of considering the micro and macro economics. We just hope fair competition will be observed in the market - so that the eventual winners will be the consumers.

Re: How to Compute Annual Income Tax for Self-employed Taxpayers in the Philippines

viclogic — Sun, 01 Nov 2009 06:14:19 -0000

Hi evan,

Welcome to our site.

A self-employed taxpayer is required to file and remit to BIR witholding tax as follows:

1. BIR form 1601C (monthly)/ 1604F (annual) -Income tax withheld on compensation - if he/she has employees which under the Tax Code are required to be withheld by their employer on their compensation.

2. BIR form 1601E monthly/ 1604F (annual) -Creditable income taxes withheld expanded – This return shall be filed in triplicate by every withholding agent (WA)/payor who is either an individual or non-individual, required to deduct and withhold taxes on income payments subject to Expanded/Creditable Withholding Taxes.

In residential rental property, does tenant need to pay withholding tax in their rent?
Answer: Please refer to No.2. In this case, the tenant is required to deduct and withhold taxes on rental income payments to his lessor. Example, if the tenant pays monthly rental amounting P10,000 to the lessor, he is required to deduct and withhold P500 (5% of P10,000). Thus, he/should remit the said amount by filing BIR form 1601E every month. This return shall be filed and the tax paid on or before the tenth (10th) day of the month following the month in which withholding was made except for taxes withheld for December which shall be filed/paid on or before January 15 of the succeeding year. He is also required to file annual Information Return of Creditable Income taxes Withheld (Expanded) on or before March 1 of the year following the calendar year in which the income payments subjected to expanded withholding taxes are paid or accrued.

Thank you for asking. We will publish an article on withholding taxes in the future to guide our users in this matter.

Lastly, if you register with the BIR as a self-employed taxpayer (by business or profession), you will be interviewed by an examiner. Thus, you should be honest enough to tell everything about your business or profession (e.g., your business nature, employees, office rental, et cetera). This is to give you your BIR COR (certificate of registration) with all the correct taxability on it. If you have a BIR COR now, you can check out your taxability in there.

You can download the said forms by visiting the BIR link below:

http://www.bir.gov.ph/birforms/birforms.htm

Re: How to Compute Annual Income Tax for Self-employed Taxpayers in the Philippines

evan99 — Sun, 01 Nov 2009 04:42:09 -0000

I mean what form to use?

Re: How to Compute Annual Income Tax for Self-employed Taxpayers in the Philippines

evan99 — Sun, 01 Nov 2009 04:38:22 -0000

Does self employed need to pay and file personal withholding tax? If yes, what from to use? In residential rental property, does tenant need to pay withholding tax in their rent?

Re: Keep an eye on your business

used tires — Sun, 01 Nov 2009 03:58:45 -0000

Well you must with out a doubt keep an eye out on your business because if you don't... well you are likely not at the Equilibrium point (economics term), which will definitely mean you will lose money.

Till then,

Jean

Re: How to compute percentage tax in the Philippines

Guest — Sun, 01 Nov 2009 00:10:44 -0000

Thank you for your immediate reply and answer to my question. I greatly appreciate it. Best regards.

Re: Overtime pay laws and computation in the Philippines

viclogic — Sat, 31 Oct 2009 12:09:59 -0000

Labor Code, Book III, Title I, Chapter 1:

Article 84,
Hours worked shall include (a) all time during which an employee is required to be on duty or to be at a prescribed workplace; and (b) all time during which an employee is suffered or permitted to work.

"Rest periods of short duration during working hours shall be counted as hours worked."

To be realistic, the 24hour duration of work should not be construed as non-stop working for 24hours. As Vanessa said "the human body is not as durable as a machine" When the requirement to work overtime arises for the circumtances covered by the law, the employer should see to it that the employee will remain capable of doing that extended required duty or work.

The law was created out of justice. And accordingly, justice for both the employer (avoidance of a loss) and the employee (compensation and safety) must be observed and protected. Fundamentally, when the human law is silent, we should go back to the framework of justice and equality.

Re: Overtime pay laws and computation in the Philippines

assenav — Sat, 31 Oct 2009 10:13:00 -0000

A worker required to work for 24 hours? Yes, this may be allowed. It will not violate the law if it falls under any of these exceptions.

The prerogative is with the employer, whether to require overtime or not. Under these emergency situations, it is the employer who is in the best position to know if the circumstances of the business operations require overtime work.

But in this extreme situation (work for 24 hrs), an employee should be given rest periods. Again, "man is not a machine."

In short, the law did not fix maximum hours for overtime but it provided specific instances when this may be allowed.

As for this question: "Will that be fair for the employee or does she or he have the right to refrain from working the said overtime."

Of course, if the employee thinks he is not capable or does not want to work any longer, then he can refuse by justifiable reasons because that would already result to involuntary servitude. But if his skill or expertise is needed to prevent loss of life or property for example, and he refuses without justifiable excuse, the employer may have some recourse against him in damages. But these things are more specifically covered by civil law.

Re: Overtime pay laws and computation in the Philippines

link_icywind — Sat, 31 Oct 2009 00:20:06 -0000

So the law states that the employer can require their employees to work over time in some circumstances, however it does not state how many hours the employer can require the employees to work overtime. If for example, the employee work 8 hours in a day and was required by the employer to work for additional 16 hours for maybe machine installation for that day only, so that would be a total of 24hours of work in that day. Does it violate any law stated in the labor code/law. Will that be fair for the employee or does she or he have the right refrain from working the said overtime. By the way the employee is working a total of 12 hours a day (8 hour + 4 hours overtime). . . Thank you for your reply.

Re: How to compute percentage tax in the Philippines

viclogic — Fri, 30 Oct 2009 13:35:45 -0000

Hi Mizpah,

Thank you for visiting.
Republic Act No. 9337 which took effect on July 1, 2005 further amended Sec. 109 of the National Internal Revenue Code of 1997, as amended. Section 7-v of RA 9337 stated that:

"(V) Sale or lease of goods or properties or the performance of services other than the transactions mentioned in the preceding paragraphs, the gross annual sales and/or receipts do not exceed the amount of One million five hundred thousand pesos (P1,500,000): Provided, That not later than January 31, 2009 and every three (3) years thereafter, the amount herein stated shall be adjusted to its present value using the Consumer Price Index as published by the National Statistics Office (NSO);