Posts Tagged ‘Money’

PostHeaderIcon Assess your needs as a car user

As I have posted awhile ago, people are rushing to auto dealers this new year. I know a few who already went from one dealership to another to have their dream car for 2014. These are the few things I reminded them before shedding their hard – earned money :

First, they should assess their needs as a car user. Changes to household might have influenced decision to look for a larger or smaller car, so think about how it will alter your needs. For example, if your children are now grown-up , of course you need a bigger car. If you are going into a farming ( like we are planning this year) then look for a pick-up truck.
Second, consider the engine and fuel efficiency. How much distance do you cover on a daily basis? If you are planning to do more than just travelling to and back from work on a weekend, it could be better to choose for a diesel engine. Diesel engines have a higher fuel efficiency compared to standard gasoline engines .

PostHeaderIcon Wrong Timing : BIR’s freezing Manny Pacquiao’s bank acounts

Timing is everything!

Manny Pacquiao deserved to have a grand celebrated welcome after a dramatic boxing comeback but it seems that our government is doing the opposite. Just two days after his victory over American-Mexican Brandon Rios , he is now slammed with a news report about his P2.2 – billion tax evasion. The world boxing icon and Sarangani Representative expressed confidence for the truth will come out and that his conscious is clear because all his tax liabilities to the government were properly paid.

In my opinion, can the BIR wait for another week or two before releasing this bombshell? Can we all welcome him without intrigues?

Excerpt from Inquire.net :

He explained that the P2.2-billion tax case stemmed from his alleged failure to include in his income tax returns the multi-million-dollar taxes deducted by the US Internal Revenue Service from his 2008 and 2009 fight earnings.
“The IRS gave us a copy of the taxes deducted from my earnings covering that period. Unfortunately, BIR refused to honor the copy of tax deduction credited by the IRS,” Pacquiao bared.

The boxer-lawmaker claimed BIR has been demanding a certified true copy of the IRS document.

“Iba ang sistema natin kumpara US. Hindi sila nagbibigay ng certified true copy kasi pag nagbigay ng public document ang alin mang government agency dun sa kanila, it is understood na authentic yon (The US has a different system. They don’t give a certified true copy because every time a public document is issued by any government agency in the US, it is understood that it is authentic),” Pacquiao said.
The total tax amount being demanded by the BIR is much bigger than the P1.8 billion total assets and net worth declared by Pacquiao in his Statement of Assets, Liabilities and Net Worth (SALN).

In an earlier interview, Franklin Gacal Jr., Pacquiao’s legal counsel, said the congressman was not engaged in “hocus-pocus” on his earnings as boxer.

“He could not hide his total earnings. The BIR could easily monitor it because all his commercial endorsements and boxing fights were covered with contracts,” Gacal said.

PostHeaderIcon Shopping Time In CDeO!

centrio

PostHeaderIcon Jewelry Whosale Prices

My wife called me with a panicked voice that she was robbed. A group of men boarded the public commuter she’s riding and without any warning, one of them grabbed her necklace and ran with it. The other passengers could do nothing about it. That necklace was my gift to her and it really worried both of us. Anyways, we can still save and buy another one for her. I’ve seen this in the net and it really caught my attention. It’s about wholesale prices of jewelries! Hhhmmm…that’s good news! This would be an opportunity for us to find the right necklace for my dearly beloved.

PostHeaderIcon USAid pick CDeO

CAGAYAN de Oro City has been chosen by the United States Agency for International Development (USAid) as the pilot city for development in Mindanao under a two-year project called Investment Enabling Environment or Invest, Mayor Oscar Moreno announced Friday.

“They want to help the Philippines,” Moreno said in his opening message during the stakeholders forum in a restaurant here Friday.

He added the agency would like to assist the Philippines in development because many of the residents live in the urban areas.

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