Part 4: Penalties for late filing of Income Tax Return for Doctors FILIPINO DOCTORS AND TAXATION

It’s now April, summer vacation and tax time!  To my fellow doctors, please don’t forget to file for Income Tax Return on or before April 15 to prevent penalties. There are three kinds of charges or penalties in the late filing of Income Tax Returns, namely: Surcharge Interest Compromise Case #1:  This is a case…

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Good News in the Philippine Life Insurance Industry

Last Friday, March 28, 2014, I attended the 7th Philippine Life Insurance Congress in MOA, SMX, sponsored by the Life Underwriters Association of the Philippines (LUAP), part of my continuing education.   The keynote speaker was the Insurance Commissioner himself, Atty. Emmanuel Dooc.  He pointed out several breakthroughs in the Insurance Industry, these are: More and…

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12 Most Common Excuses All-year-round (January to December) What to say if a financial advisor is around?

Are you hiding from your friend from Manulife, Philam Life, Sun Life, Insular life, etc..?  Are you being approached by these people quite regularly? Are you getting irritated and running out of excuses?  You need to read this. I have gathered the most common excuses for all time and reading this will save you from…

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