Today's Issue
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Editor's Take: Too good to be true?
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Article: These Eight Deadly Mistakes Can Cost You!
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Tax Calendar
Article: These Eight Deadly Mistakes Can Cost You!
1. Underestimating the importance of cash-flow management. You can be making plenty of money, but if the cash is not arriving in time to meet the payroll, finance your . . .
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Tax Calendar
August 13 Last day of e-Filing of 1601C, 1601E, 1601F, & 1602, EWT, & FWT for July 2007 (Group C, D & E)
August 14 Last day of e-Filing of 1601C, 1601E, 1601F, & 1602, for July 2007 (Group B)
August 15 Last day of e-Filing & e-Payment of 1601C, 1601E, 1601F & 1602, for July 2007 (Group A and all EFPS groups); Filing & Payment of 1701Q ended June 2007 and 1707A ended April 2007; e-Filing/Filing & e-Payment/Payment of 1702 & 1702-AIF ended April 2007 and 1704 ended July 2007
Source: Punongbayan & Araullo
Editor's Take
Too good to be true?
Last month, several Filipinos, most of them well-heeled, had fallen victim to an investment scam. The online pyramiding scheme lured investors with promises of very high returns, then the owner of the so-called trading firm cleared out the funds here and abroad and disappeared.
This is not the first instance that people have been talked into parting with their life savings or pensions by glib-tongued “investment counselors.” But in the recent scheme, the scam included a central business district front office and a slick website to boot.
The borderless economy and our growing dependence on wireless communications and commerce also bring forth the risk of white collar crime like identity theft and web-based confidence tricks.
To this we cannot overemphasize—and seasoned entrepreneurs will attest—that in any business endeavor “there ain’t no such thing as a sure thing.”
As my sidekick the Great Khan of Karamboola says: If it’s too good to be true, it isn’t. And if it’s too good to be legal, you can bet your last peso it’s not.
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Russelle S. Trinidad
SME BizLink Editor
