Business and Finance

Why I Increase my HDMF / Pag-IBIG Contribution?

As per RA 9679, membership to the Home Development Mutual Fund (HDMF) or popularly known as Pag-IBIG fund, has become mandatory for all employees, workers, professionals, officers and companies who are also compulsorily covered by the SSS and GSIS. The amount of monthly contribution is at 1-2% of the salary with P5000 used as the… Continue reading Why I Increase my HDMF / Pag-IBIG Contribution?

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Business and Finance, Uncategorized

How much do we need in Retirement Funds?

If you are like me, you are also hoping to retire comfortably with our families and are wondering how much funds we really need for our retirement. There are several ways that this is being estimated. I’ve read a lot of articles about this topic, and I’m sharing with you what I’ve gathered. One popular… Continue reading How much do we need in Retirement Funds?

Business and Finance

Financial Statement Analysis

Financial statement analysis can be described as the analysis of the balance sheet, profit and loss statements, cash flows and statements of equity of a business in order to understand the risk and profitability of the undertaking, and quantify the past, current and prospective performance of a business. It is a very valuable tool to… Continue reading Financial Statement Analysis

Business and Finance

Where to invest your money?

My mother is also an accountant and is a good investor. She started early into investing, and she has oriented us to the idea of investing even when we were young. At the age of 18, my mother took investment plans for me and my brothers. At age 28, I already received the fruits of the… Continue reading Where to invest your money?

Business and Finance

Life as an External Auditor

I spent almost four years of my life as an external auditor working with a big Firm.  After graduating, I had taught in a University for 1 semester before I finally decided to work as an external auditor and experience the CPA profession at its fullest. Key responsibilities included reviewing spreadsheets, examining financial controls, gauging… Continue reading Life as an External Auditor

Business and Finance

BIR Registration for Professionals and Sole Proprietorship

I am currently in the process of finishing registering my profession and my husband’s new business with the Bureau of Internal Revenue(BIR). Registering with the BIR is one major step in starting an undertaking. For myself, I choose to register as a professional for my freelance bookkeeping, while for my husband, he is registering as… Continue reading BIR Registration for Professionals and Sole Proprietorship