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How to Structure and Compute Salaries and Benefits Effectively

The Tax Reform Acceleration and Inclusion (TRAIN) Act took effect on January 1, 2018. This means NEW computation on compensation!  Many businesses and HR practitioners are not skilled and updated on how to maximize the tax savings and benefits that is allowed by government.  The confusion on how to properly compute for the salaries, wages, and benefits was aggravated in the passing of 2018 TRAIN provisions, which impacts both individual and corporate taxpayers. To help the millions of taxpayers and thousands of business organization on this issue, the Center for Global Best Practices is launching a seminar for business owners, decision-makers and  HR practitioners on the topic, "How to Structure and Compute Your Salaries, Wages & Benefits with the 2018 TRAIN Incentives for Taxpayers" scheduled on Thursday, March 1, 2018 at the Manila Marriott Hotel, Pasay City, Philippines. 

You can actually increase the take home pay of your workers by designing your compensation structure to maximize the use of De Minimis Benefits, Fringe Benefits, other benefits, optimizing the allowable deductions and tax exemptions, giving the 13th month pay on a monthly basis, and more!  This will mean less taxes to withhold, more money for your employees. Participants will be shown how to link these new measures to create a cohesive and highly beneficial structure for employers and employees. This offers a window for companies to align compensation approaches with business strategies to achieve a program that attracts, retains and motivates workers and at the same time minimizes tax costs to businesses and their people.  

Learn all these from labor law practitioner and HR expert, Atty. Elvin Villanueva. He is the author of 23 books including Guide on Employee Compensation and Benefits Vol. 1 & 2; Guide to Valid Dismissal of Employees; Guide on Wage Order & Minimum Wage; Valid Job Contracting and Subcontracting, Gabay sa mga Karapatan ng mga OFWs; HR Forms, Notices & Contracts Vol. 1 & 2; Employee Transfer & Demotion; Leave Benefits; How to Pass the Bar Examination; Real Estate Practices in the Philippines; Real Estate Exam Reviewer; and Real Estate Reviewer: Brokerage Practices. 

You may also find of interest the following CPD-accredited training:

1) Tax Rights and Remedies for SMEs & Large Taxpayers - October 5, 2018
2) Local Government & Real Property Taxation - August 17, 2018
3) Families' Guide to Wills, Trusts & Inheritance - November 23, 2018
4) Families' Guide to Estate and Tax Planning - May 4, 2018
5) Families' Guide to the Inheritance Law of the Philippines - February 23, 2018

This program is open to the general public. Attend this Best Practices event and avail of early registration savings and group discount for 3 or more participants. Seats are limited and pre-registration is required. 

The Center for Global Best Practices also accepts in-house training and consulting for individuals, families, and corporate clients. For complete details and list of other best practices seminars, you may check www.cgbp.org or call Manila lines at (+63 2) 842-7148 or 59; 556-8968 to 69; Cebu lines at (+63 32) 512-3106 to 07 and Baguio at (+63 74) 423-5148.  

#BestPractices #UpcomingSeminars2018 #PhilippineTrainings #MemorandumOrders #RevenueRegulations #TaxUpdates2018 #PhilippineLaws #TRAINLaw #BeFullyInformed #CPDAccredited #CPDCreditUnits #TaxpayersUnite #PhilippineConferences

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