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Tax, accounting, warehouse management trainings coming to Cebu

Entrepreneurs Accounting Academy is bringing its popular trainings and seminars around the Philippines!

Join us as we kick off this campaign in CEBU from September 6-11, 2010 with the following seminars designed to meet specific industry needs:

September 6 – 7, 2010 – Tax Preparers Program Workshop

A must-attend primer for all Tax Accountants, Tax Preparers, Bookkeepers, Administrative staff preparing tax returns, PEZA and BOI reports and anyone who wants to learn how to prepare tax returns, PEZA and BOI Reports.

September 8 – 9, 2010 – Warehouse Management & Inventory Control

Empowering finance, procurement and supply chain professionals spruce up their inventory management strategies for a more effective and efficient warehouse management system. Also beneficial for warehouse managers and employees.

September 10 – 11, 2010 – Accounting for Non-Accountants

You don’t need to be a CPA to understand the most basic, practical, day-to-day accounting processes that you need to know –we make accounting easy for you! This seminar will equip you with the most common accounting terms used, the knowledge you need to prepare and analyze financial statements, the correct measurements for business transactions and the mental prowess for answering financial questions needed to improve business operations.

Register now to reserve your slot. Don’t miss out on these dates!

Your key to job + career success.

Want to work your way up the career ladder that pays well but feeling like you lack specific technical skills? Times are tough, and investing in good education should serve multiple purposes such as providing quality knowledge and skills that not only yield well-paying jobs, but bright career possibilities as well. At the start of 2010, DOLE included accountants and bookkeepers as some of the Hot Jobs or in demand skills needed this year. In fact, the BPO industry is expanding into these areas and other countries are also starting to tap into the Philippines’ bookkeeping services and core business functions such as data entry, marketing, payroll and logistics are also flexible. Even with automated systems and advanced accounting software, the demand for skilled bookkeepers is steadily growing in number.

We at Entrepreneurs Accounting Academy believe in the potential of this industry and would like to invite you to check out and enroll in our Bookkeeping Course! Our course is TESDA-Registered with an NC-III certification, assuring you a sound background in bookkeeping and basic accounting functions that are found in all types of organizations –whether profit or non-profit, micro, small to medium and large enterprises. Our expertise in the fields of accounting and finance provide the niche for a well-developed Bookkeeping Course.

Some highlights of what you will obtain after completing this course are:

Basic competencies and communication skills in the workplace
Maximizing mathematical concepts and techniques
Common competencies – checking for quality standards, basic computer operations, maintaining effective interpersonal skills
Specialized competencies including but not limited to:

Get quality, affordable, complete bookkeeping concepts and techniques in just 5 months! With a combination of both theory and practice, graduates of this course will have a sound background of bookkeeping. Classes Start on July 23, 2010 (Friday Schedule – only 4 slots left!) and August 14, 2010 (Saturday Schedule)

Secure a slot now for only Php2, 500.00! Click here for more details about this course.

Pursue your dreams of becoming self-employed

Do you have what it takes to be a franchise owner? A clothing retailer? A registered business operator? According to statistics, 50% of various registered businesses in the Philippines fail within 2 years of operation due to lack of sufficient knowledge in the nitty-gritty details of business operations such as reportorial requirements, financial reports and business feasibility. Whatever business venture it is you have in mind, we can help you figure out if you have what it takes to be an entrepreneur!

Attend our Entrepreneurship Seminar for FREE* this July 6, 2010 and have a long-lasting relationship with your business ideas and become your own boss! For more details and convenient, online registration, click here. Limited slots only, register now.

*Entrepreneurship training fee waived –all you have to take care of is a Php500.00 fee for a.m./p.m. snacks, lunch and training kit.

Tax, Warehouse Management, Accounting Workshops in Cebu this June-July

“EAA on the Road” kicks off its nationwide campaign at the Marco Polo Plaza, CEBU starting June 28 to July 3! While our regular business trainings and seminars are still ongoing in our Makati main office, we are also touring various parts of the Philippines to bring our practical, interactive and highly informative trainings closer to YOU. Bookmark our website to stay posted for our schedules in Bacolod, Davao, Palawan, Baguio and more! In the meantime, check out our following CEBU SEMINARS:

June 28-29, 2010 – Tax Preparers Program Workshop

June 30 – July 1, 2010 – Warehouse Management & Inventory Control

July 2-3, 2010 – Accounting for Non-Accountants

Seize this opportunity to get new tips and solutions to everyday business processes. Click HERE to pre-register online and to read more about the seminars NOW!

The Truth about Taxes

So your best-laid entrepreneurial or corporate plans are finally coming true. You have the money, the means and the men to create the ultimate profit or non-profit structure. But do the smaller, essential details involved in the process make you cringe? Like the saying goes, there are only two certain things in life: death and taxes. Putting fears of the former aside, we could at least ensure that the latter is kept compliant and complete.

Calling all bookkeepers, accountants, tax professionals, lawyers, tax professionals, administrative officers involved in tax compliance and entrepreneurs and business owners wanting to know the ins and outs of all their tax requirements! Attend the Comprehensive Tax Seminar this June 4, 2010 and have a good grasp of both the mandatory taxes and new issues that are inevitable in your day-to-day activities.

Topics covered will include:

Withholding Taxes
Local Business Taxes
Final Withholding Taxes
Fringe Benefit Taxes
The New VAT Law
Updates on INCOME TAXATION
Penalties and how to avoid them
What to do when issued a Letter of Authority (LOA)
Tax Reduction

We make it clear and simple for you. Click here to find out more details and to avail of quick, easy online registration!

Think like a millionaire, become a billionaire

While Bill Gates used to be the household name synonymous to the word “billionaire” before, there are other fortunate men who have replaced him in terms of this title. Mexico native Carlos Slim Helú (business magnate, philanthropist and chairman and CEO of Telmex, Telcel and América Móvil) has been named the world’s new richest man last March, even if his name barely rang a bell before then. This is because this man, even with a net worth of about around US$53.5 billion, leads a low-profile life. He doesn’t even own a yacht, and is reported to have been living in the same home for over 40 years.

How does a low profile man such as Slim amass such a great fortune in one lifetime? Forbes’ Investopedia.com gives “6 millionaire traits that you can adopt” that businessmen with seven-figure bank accounts commonly have.

Independent thinking. David Geffen, a self-made millionaire with $4.5 billion to his name in 2009, this American record executive and film producer was college dropout, but made millions founding record agencies and signed some of the most prominent musicians of the 1970s and ’80s. Although he didn’t take what many assume to be the usual path to success, his tireless work ethic and sense of personal conviction about artists’ potential allowed him to rack up a sizable fortune.

Vision. Millionaires are creative visionaries with a positive attitude. In other words, wealthy people not only have big dreams, they also believe they will come true. As such, wealth seekers should set lofty goals and not be afraid of uncharted territories. Bill Gates, the world’s richest person in 2009, did just that. The American chairman of Microsoft is one of the founding entrepreneurs who brought personal computers to the masses. Gates jumped into the personal computers business in 1975 and held on tight, creating Microsoft Windows in 1985. When consumers began to bring computers into their homes, Gates was ready to profit from this new age.

Skills. Writer Dennis Kimbro interviewed successful people to determine the traits they had in common for his book, “Think and Grow Rich” (1992). He found that they concentrated on their area of excellence. Millionaires also tend to partner with others to supplement their weaker skills. If you don’t know what you are good at, poll friends and family. Use training and mentors to refine your strong skills.

Passion. Billionaire investing guru Warren Buffett says “Money is a by-product of something I like to do very much.” Enjoying your work allows you to have the discipline to work hard at it every day. People who interact with money for a living, bankers for example, often love creating new deals and persuading others to complete a transaction. But finding your dream job may take time. The average millionaire doesn’t find it until age 45, and tends to be 54 (on average) before becoming a millionaire.

Investment. Millionaires are willing to sacrifice time and money to achieve their goals. They are willing to take a risk now for the opportunity of achieving something greater in the future. Investing may include securities or starting a business – either way, it is a step toward achieving great financial rewards.

Salesmanship. Millionaires are constantly presenting their ideas and persuading others to buy into them. Good salesmen are oblivious to critics and naysayers. In other words, they don’t take “no” for an answer. Millionaires also have good social skills. In fact, when writer T. Harv Eker analyzed the results of a survey of 753 millionaires for his book, “Secrets of the Millionaire Mind” (2005), he found social skills were more important than IQ. Just look at Donald Trump. His fortune has fluctuated over the years, but his ability to sell himself – whether as a TV personality or as the force behind a line of neckties – has always brought him back among the ranks of celebrity millionaires.

Need solid strategies on how to better optimize your cash flow receipts and payments? Sign up for our Cash Flow Management Seminar now! A must-attend seminar for small to medium business owners, managers, bookkeepers, account clerks and anyone involved in various treasury functions. Read more about this seminar or sign up today!

Enrile vows to counter new tax measures

Newly elected senator and former Senate President Juan Ponce Enrile proclaims to be the new opponent of any new tax measures set to be imposed to the Filipino people. Coming in at number 5 in the very recent elections, he says “For sure I will oppose any new tax that will be imposed on the people,” when asked about the bills that he plans to prioritize in his term.

In September last year, Enrile was also a strong opponent of the proposed text on tax. Philippines, being the text capital of the world, has an approximately 75 million cell phone subscribers and the highest communication cost compared to other countries according to the Senate President. Enrile also said that 97 percent of the consumers were pre-paid subscribers, which will take up 70 to 72 million of the patron population.

On the other hand, the Department of Finance (DoF) said that the national government is expected to raise P73.92 billion from increasing value-added tax (VAT) rate to 15 percent, reducing corporate income tax (CIT) by 2015.
Finance Secretary Margarito B. Teves, whose term finishes on June 30 this year, said the decision on raising VAT from 12 percent to 15 percent will now depend on the next administration and Congress, adding they can only recommend measures aimed at sustaining fiscal sustainability.
“We have to offer them alternatives. For example, you did not go straight to 15 percent, you can do this gradually at the same time you can also calibrate the reduction of individual and corporate income tax,” Teves said.
Teves has recommended the next Congress approve bills to rationalize fiscal incentives, restructure excise taxes on tobacco and alcohol products and simplify net income taxation.

Attend the Comprehensive Tax Seminar this June 4 and have a good grasp of both the mandatory taxes and new issues that concern all administrative officers involved in tax compliance, bookkeepers, entrepreneurs and business owners who would like to know about their taxes, accountants, tax professionals and lawyers. Click here to find out more details and to avail of quick, easy online registration!

QuickBoooks Premier Accountant 2010 Workshop now offered

Weary and looking for more efficient alternatives in filing or recording business and accounting transactions?

We are eagerly launching our workshop on QuickBooks Premier 2010 (Accountant Edition). This new QuickBooks edition by Intuit helps you perform paperless business data management that can bypass lengthy spreadsheets used previously. Whether you are setting up to get started or are already employed, QuickBooks will help you on how to conveniently backup and organize business data transactions which are found in practically any type of organization.

This engaging course spans the following topics:

Customer and Sales
Vendor Lists and Purchases
Item Lists
Transactions
Company Financial Reports

This 2-day workshop is ideal for small to medium business owners, bookkeepers or account clerks, accountants and virtually anyone tasked to process, record and organize business data. Discover the wonders that this software could do to your workload –visit our website to reserve a slot or to read more about this workshop!

New tax exemption ruling for co-ops

While taxes may be the lifeblood of the government (as oftentimes exemplified both positively and negatively in ours), the Bureau of Internal Revenue (BIR) gives way to certain sectors under considerable factors promulgated in accordance to court rulings. Other than the mandatory exemptions stated in the 1987 Philippine Constitution sets such as charitable and religious institutions and (Article VI, Section 28, paragraph 3)non-stock, non-profit educational institutions (Article XVI, Section 4(3)), and the recently amended Republic Act No. 9504 approved on 17 June 2008 exempting minimum wage earners from paying income tax, cooperatives can now also enjoy the exemption from the 20% withholding tax.

As of February this year, the Second Division of the High Court reversed a ruling of the Court of Tax Appeals in December 2007 ordering the Dumaguete Cathedral Credit Cooperative (DCCCO) to pay over P2.6 million in unpaid withholding taxes on interest from savings and time deposits of its members for the taxable years 1999 and 2000, as well as delinquency interest of 20 percent per annum.

The SC also effectively nullified the pre-assessment notice on tax deficiency against DCCCO issued by the regional office of the Bureau of Internal Revenue (BIR) in Bacolod City. The High Court explained that cooperatives are not required to withhold taxes on interest from savings and time deposits of their members as declared by the country’s major tax collecting agency in BIR Ruling 551-888 promulgated on Nov. 16, 1988.
The SC noted that under Article 2 of RA 6938, “it is a declared policy of the State to foster the creation and growth of cooperatives as practical vehicle for promoting self-reliance and harnessing people power towards the attainment of economic development and social justice.”

“Thus, although taxes are the lifeblood of the government, the State’s power to tax must give way to foster the creation and growth of cooperatives,” the SC said.

Need to refresh your take on taxes? Sign up for our Comprehensive Tax Seminar and get the concepts, treatments, tax implications, computations and so much more! Visit our website to pre-register online.

“EAA on the Road” coming to Cebu soon

Seeking new strategies and tips to give your business an edge in today’s volatile economy, but can’t find where to get them? Entrepreneurs Accounting Academy is taking its business trainings and seminars around the Philippines! Due to the strong demand for our trainings in other parts of the country, we are happy to launch “EAA on the Road”, a campaign designed to bring our seminars closer to individuals and corporations in various key commercial establishments and industrial areas around the Philippines. We will be kicking off this campaign in Mandaue, Cebu on the following dates:

June 28-29, 2010 – Tax Preparers Program Workshop
June 30 – July 1, 2010 – Warehouse Management & Inventory Control
July 2-3, 2010 – Accounting for Non-Accountants

Seize this opportunity to get new tips and solutions to everyday business processes. Signing up for these seminars? Click here to pre-register and to know more about the seminars. The venue for the Cebu seminars will be announced soon.

We’re not stopping there –watch out for other EAA seminars coming soon in Bacolod, Davao, Palawan, Baguio and more! Visit our website for updates.