Skip to main content

How to Structure and Compute Salaries, Wages and Benefits


  
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 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 valuable lessons and insights from labor law expert practitioner, Atty. Elvin Villanueva, who has assembled the most comprehensive, substantive and highly researched materials on this important topic. He has written 25 best-selling books namely: Digest on Critical Supreme Court Decisions on Labor Cases (to be released in June 2018); 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; and many more! His advocacy is to help companies and employees solve their HR issues.

You may also find of interest other Best Practices Programs

 1) Best Practices in Resource Mobilization and Management 
     for Private Colleges and Universities
     Thursday and Friday, August 2 & 3, 2018

 2) Best Practices Guide on How to Import Goods to the Philippines
     Thursday, August 9, 2018

 3) Best Practices Guide to Valid Dismissal
     Friday, October 26, 2018

 4) Best Practices in Implementing Effective Business Controls
     Thursday, August 16, 2018

5) Legal Best Practices in Crafting Your HR Code of Discipline
     Friday, December 7, 2018

6) TRAIN Law + New Year Tax Updates and Remedies
     Friday, January 18, 2019

7) Critical Supreme Court Decisions on Labor Cases
     Tuesday, June 19, 2018


The Center for Global Best Practices (CGBP) 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; (+63 2) 556-8968 to 69; Baguio Line (+63 74) 423-2914, Legazpi Line: (+63 52) 736-0148 and Cebu lines at (+63 32) 512-3106 to 07.

Note: Public officials and government employees attending these training programs are exempted from the P 2,000 limit set by COA based on the Department of Budget and Management circular 563 issued on April 22, 2016.
#BestPractices #UpcomingSeminars2018 #PhilippineTraining #PhilippineConferences #MemorandumOrders #RevenueRegulations #TaxUpdates2018 #PhilippineLaws #TRAINLaw #BeFullyInformed #EmployeeCompensation #EmployeeBenefits #EmployeeEmployerRelationship #FringeBenefits #DeMinimisBenefits  #CPDAccredited #CPDCreditUnits #WhatsYourSalaryGrade #HowtoSaveonTaxes #HowtoKeepEmployeesHappy #HowtoIncreaseTakeHomePay #HowtoStructureandComputeSalariesWagesandBenefits
Labels:

Comments

Post a Comment

Popular posts from this blog

Legal Best Practices in Crafting your HR Code of Discipline

You may have your HR policies and contracts in order, but do you have an effective code of discipline aligned with the updated labor laws?  The code of discipline is your manual that defines the penalties for violation of company policies.  It is the common point of reference for the employer when disciplinary or legal actions may be taken on the part of wayward and rogue employees. To help the management and HR practitioners implement discipline on their organizations, the Center for Global Best Practices will host a special training entitled, Legal Best Practices in Crafting your HR Code of Discipline to be held on Friday, December 7, 2018 at the Manila Marriott Hotel, Pasay City, Philippines. This one-day training will teach you how to design and craft your code of discipline – the right way . Learn the best practices on how to prepare, establish and implement disciplinary policies guaranteed to promote professionalism, industrial harmony and ward off any te...
Post a Comment
Read more

Learn How to Effectively Sell Products to the Government!

  COVID-19 pandemic changed how business is done everywhere. As we adapt to the new normal, it is a must to be updated with the procurement law and regulations on public-private transactions. For those in private sector, non-compliance can lead to disqualification. For government officials, ignorance of the update regulations can cost you your job, damage your reputation and land you in jail! To help you on this, the Center for Global Best Practices will host these two-session webinars from 1:30 PM to 4:30 PM via ZOOM: • Best Practices Guide to the Law and IRR for Procurement of Goods Thursday & Friday, September 17 & 18, 2020 • Best Practices Guide to the Law and IRR for Procurement of Infrastructure Wednesday & Thursday, October 21 & 22, 2020 • Best Practices Guide to the Law and IRR for Procurement of Consulting Services Thursday & Friday, March 11 & 12, 2021 These comprehensive webinars will cover fundamental principles, procurement organiza...
Post a Comment
Read more

A Guide to the Building Code IRR

Delays in construction permits and clearances arise due to the conflicting interpretation of the Building Code of the Philippines among the government authorities, technical professionals and property owners and developers. It’s time to set the record straight! The Center for Global Best Practices is having a special program entitled, “ Property Developers’ Guide to the Building Code IRR of the Philippines ” on Thursday and Friday, March 15 & 16, 2018 at the Manila Marriott Hotel, Pasay City, Philippines.  This two-day lecture is designed to provide a clear guideline to the 2005 IRR of the Building Code of the Philippines.  This is also to help the different stakeholders align with it the different referral codes such as the Architectural, Structural, Plumbing, Sanitation, Electrical, Electronics, Mechanical and Interior design codes. The seminar will include valuable insights on how to fast track your building permits, updates on the latest government issuances, m...
Post a Comment
Read more