Center for Global Best Practices

   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 with the passage 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 training 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 Friday, July 6, 2018 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines. You can actually increase the take home pay of your workers by designing your comp

There's a revised set of bidding documents that is required by the government aligned with the new Procurement Law IRR that took effect on October 29, 2016.  To help those in the private sector who wants to participate in the bidding transactions with the government as well as to assist public officials in understanding these changes, the Center for Global Best Practices will hold a two-day special program entitled, “ Best Practices Guide on How to Prepare Your Bidding Documents ” to be held on Thursday and Friday, June 28 & 29, 2018 at the Manila Marriott Hotel, Pasay City, Philippines.  This program is highly recommended for  heads of procuring entities, bids and awards committees (BACs) of National Government Agencies, Local Government Units, GOCCs, BAC secretariat members, suppliers, contractors, consultants, and everyone who wants to  participate in bidding for government projects.  This program is to provide participants with a better understanding of the vari

A meeting loses its value and wastes time if it is not documented in the correct manner. With the current climate of greater accountability of board directors and management in decisions made during meetings, every organization needs trained experts with the right skills to take minutes effectively. To make your meetings efficient and its outcomes effective, the Center for Global Best Practices will host a rerun of its best-selling program entitled, “ Masterclass on Writing Minutes of Meetings ”  on Friday, June 22, 2018 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines.  This pioneering program will teach you the best practices in minutes taking and provide you vital information on the legal guidelines, and regulations on meetings mandated by the Securities and Exchange Commission. This program is for members of the board, directors, corporate secretaries, management committees, minute takers and anyone who would like to document and to formalize their meetings.

There are over 3,780+ large taxpayers and many are not compliant to the Bureau of Internal Revenue Regulation 9-2009 requiring large taxpayers to have a Computerized Accounting System (CAS). This becomes relevant also to the top 500 medium-sized provincial taxpayers in every revenue district which has the equivalent classification of a large taxpayer.  To help medium and large taxpayers regarding their compliance issues, the Center for Global Best Practices is launching a program entitled, “ BIR Computerized Accounting System Compliance for Medium and Large Taxpayers ” scheduled on Thursday, June 21, 2018 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines. With the BIR setting up a special task force called Computerized Systems Evaluation Team (CSET) to monitor large taxpayers, one can expect more enforcement from the tax authorities. The lecture will include discussions on the regulations and rulings, presentation of the challenges of getting BIR CAS accreditation

Tax optimization is no longer a matter just for the multinationals and large enterprises. A growing trend of smart SME taxpayers globally are now tailoring their strategies originally drawn up for the big players which are now adopted by smaller and medium sized business. While tax evasion is illegal, tax avoidance is not. There are a number of strategies that tax experts can devise for firms to structure their business operations to avoid taxes – called tax planning, tax avoidance or tax optimization . These strategies stay within the letters of the law. Unknown to many, there are various tax avoidance schemes available under the law that would allow taxpayers to reduce tax without violating Tax Code provisions.  To learn the secrets and tax-saving strategies utilized by these smart business organizations and individuals, the Center for Global Best Practices (CGBP) will host a program entitled, “ Smart Taxpayers’ Guide on Optimizing Tax Savings and Deductions ” scheduled on Th