Skip to main content

Smart Taxpayers' Guide to Optimizing Tax Savings and Deductions


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 Thursday, June 14, 2018 at the Forest Lodge, Manor Hotel, Baguio City, Philippines.

In this learning event, you will gain valuable insights from over 100 years of combined experiences and the rich sources of research materials put together by CGBP tax group to be lectured by one of the most respected tax experts who will share his best practices in the implementation of an efficient and effective tax planning program. 

Attending to this becomes relevant to business owners with the passage of 2018 TRAIN Law. "The visit to key provincial cities is an opportunity to help big and small taxpayers save on their taxes,” says CGBP founder and President Henry Belleza Aquende. 

This comprehensive program will discuss the legally permissible means of avoiding taxes in all your transactions. The lecture will include updates, examples, new regulations in specific situations, tax minimization strategies, maximization of deductions, use of tax treaties, tools of estate planning, benefits under special tax laws, tax implications of selected IAS (international accounting standards), tax credits & refunds, and remedies of taxpayers. All these will be discussed thoroughly to guide participants in executing their plans or solving their tax problems and issues effectively. 

This special program will feature expert tax practitioner, Atty. Nicasio C. Cabaneiro, CPA. He is the partner in-charge of Tax Programs at the Center for Global Best Practices. He is a recognized authority in the practice of taxation and commercial law with a track record and solid reputation of saving his clients across various industries billions in taxes. He is a sought-after lecturer and tax consultant of high net-worth families, individuals and business organizations to help them with their tax and other legal matters. He has over 40 years of teaching experience and 25 years with bank of Philippine Islands capping his career as its Vice-President and Head of the Legal Services Division. He finished his accounting degree (Magna Cum Laude) and his law degree (Cum Laude) at the San Beda College of Law. One of his advocacies is in helping taxpayers save on taxes with the best strategies, effective solutions, implemented the RIGHT way.

You may also find of interest the following tax-related topics among numerous CGBP Best Practices programs:

1) BIR Computerized Accounting System Compliance for Large Taxpayers (June 21, 2018)
2) Local Government & Real Property Taxation (August 17, 2018)
3) Tax Rights & Remedies for SMEs & Large Taxpayers (October 5, 2018)
4) Families' Guide to Wills, Trusts & Inheritance (November 23, 2018)
5) TRAIN Law + New Year Tax Updates (January 18, 2018)


These programs are open to the general public and are CPD accredited. Accountants attending these learning events will earn CPD points.


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; 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 #PhilippineConferences #SeminarsPh #PhilippineTrainings #CPDAccredited #TaxDeductions #TaxSavingPh #TaxPlanning #PhilippineTaxUpdates #TaxCompliance #SMEs #TaxUpdatesPh #TaxOptimization #BeFullyInformed #LargeTaxpayersUnite #KnowYourTaxesProperly

Comments

Popular posts from this blog

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 desig...

Best Practices & Remedies to Avoid COA Disallowances

With the intensified campaign of both the National Government and the Commission on Audit (COA) in their thrust towards good governance, there has been a clamor  for a program to address the issue of COA disallowances and to find solutions for those encountering such problems. To help solve your most pressing challenges regarding these, the Center for Global Best Practices is hosting a one-day special program entitled, " Best Practices and Remedies to AvoidCOA Disallowances ", scheduled on Friday, March 22, 2019 at the EDSA Shangri-La Hotel, Mandaluyong City. This program will greatly benefit employees, and public officials of local and national government agencies, government-owned and controlled corporations, public utility companies, as well as private entities dealing with the government. Private entities will learn how to package a project or supply goods and services to ensure that their business deals will not fall under illegal, extravagant, unnecessary and u...

A Foreigner's Guide to Philippine Visas and Work Permits

Millions of foreign nationals arrive in the Philippines every year for tourism, study, work, business, investment, marriage, retirement, permanent residence and other purposes. Regardless of nationality, source of compensation or duration of stay in the Philippines, all foreign nationals seeking admission to Philippines for employment or study are required to secure a Philippine visa or work permit. The Philippine visa falls under three broad categories.These are non-immigrant visa, special non-immigrant visa and immigrant visa. For starters, there are ten (10) types of visa commonly availed by the foreigners including 9A Temporary Visitor Visa, 9D Treaty Trader, 9F Student Visa, 9G Pre-arranged Employment Visa; and 13 Quota Immigrant Visa. To help you navigate the maze of finding the right kind of visa or work permit that you, as a foreigner will need or you, as a service provider can offer to your clients, the Center for Global Best Practices will host a pioneering pro...