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…
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…
How much should you be saving for Retirement? Do you have what it takes to retire comfortably?
How do you envision your retirement years? Have you thought about it yet? If you ask me, how much do you have to save to have a healthy retirement ahead? Financial analysts, suggest a minimum of 20% of your salary from DAY 1 you started working. But what if, you tell me, “I cannot afford…
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…
FILIPINO DOCTORS AND TAXATION Part 3: How to file INCOME TAX RETURN as a Physician
Here is the Part 3 of my series on Filipino Doctors and Taxation. The most awaited topic. “How to file Income Tax Return (ITR) as a Physician?” As a gentle reminder, the deadline for filing your Income Tax Return from the previous calendar year is on April 15 of the following Year. So please…
The Filipino Retirement Scenario, Find Out Where will you Belong in the Future
If you are thinking you are far from retiring and you still don’t need to read this. Before clicking the back button, please spare me a few more minutes of your time, and consider just glancing this survey first. This study was done by SSS last 2010 which depicts the destiny of our fellow Filipinos…
The Top 10 Life Insurance Companies in the Philippines The Most Updated and Most Unbiased Review
Although 2013 is over and we are almost halfway through 2014. The Insurance commission hasn’t yet released the 2013 ranking of the top insurance companies in the Philippines. They said, they will release it on August 2014. So, with that, we have to content ourselves with the 2012 rankings. In the case of the Philippine…
FILIPINO DOCTORS AND TAXATION Part 2: How to Issue Receipts: Guidelines for Moonlighters/Starting Private Practice
Due to insisted public demand, I will be speeding up my post in this series. I am overwhelmed by emails and private messages. So, hang on colleagues! If you are a moonlighter or starting a private practice, it only means, you have step-out of your shelter (medical school and training), you could be a fresh…
