Keeping It Simple: 4 Advantages of a Small Company It might be very tempting to turn your small startup business into the next billion worth company. However, this might not always work for everyone. Having a big company can be stressful in the longs run. The bottom line may be alluring, but the periodic planning…
Closing a Corporation Through Dissolution by Shortening the Term Under the Revised Corporation Code of the Philippines, a corporation is assumed to have an unlimited life. This means that the company will continue even if an owner decides to leave the business. The life of the company will only end if the owners decide to…
What to Look for in Choosing the Right Bank for Corporate Needs Choosing the right bank for corporate needs is crucial to ensure that the company has the most suitable protection and mechanism to do business. To choose the right bank, you have to list the most important banking services you need, and go over…
A Guide to Help You Choose the Right Business Structure As a starting business owner, you have a lot to think about. Primarily, you have to decide which business structure you have to take. Choosing the right business structure for your company is important. This will affect how you register, operate, and pay for taxes.…
How Regional Operating Headquarters Work in the Philippines The Philippines is a good place to start a business. Its laws give companies the freedom and opportunities to take roots and grow in the country. With its trade agreements with other countries, the Philippines is a fair ground for foreign companies to expand their business. Do…
Understanding the Differences Between Branch and Subsidiary Corporation Business owners start their businesses to earn a profit. And when the businesses are successful in reaching this goal, they push boundaries to not just settle at that. To look for more avenues to earn, businesses expand to cater to their growth. The branch and subsidiary corporation…
Tips in Cash Management for Better Business Performance Businesses face numerous cash transactions daily. This is most especially true for merchandising and retail companies. From the purchase of supplies to sales transactions, cash transactions occur throughout the day and in many different activities. That is why the decision-makers must know cash management. You need to…
4 Categories of Financial Ratios Every Business Owners Must Learn Business owners need to evaluate their performance to know if they’ve reached their goals or not. Furthermore, they also need to know how they can take their business to the next level. Financial statements are one way to learn about the current status and performance…
Small Business Accounting Practices in the Philippines Accounting practice is the process and act of recording the daily operations of the business. It is important to create records and produce the necessary financial reports. And to create these standard-based reports, accountants must follow the rules that govern accounting practices in the Philippines. Accountants follow the…
Pandemic Response: Adaptation of Accounting During a Crisis The COVID 19 pandemic has caused ripples of damaging effects on the economy. To contain its spread, lockdowns and community quarantines forced many businesses to close or pause operating. In effect, some people lost their jobs and sources of living with no way to recover their losses.…
