Today's Issue
-
Editor's Take: A Solid Enterprise Foundation for a Stronger Nation
-
Featured SME: Cheri Roberto
-
Tax Calendar
Interior Designing: A Partnership with Clients
The entrepreneurial spirit today is indeed more alive and innovating. People nowadays are exploring their inner abilities to start their own business and enter the risky but fulfilling world of entrepreneurship. In fact, according to the survey of National Statistics Office (NSO) for April 2007, almost 35.8 percent of employees are starting to establish their own businesses.
Cheri Roberto was among those who joined the entrepreneurship band wagon.She is one of those who have the guts. . .
To read more, click here!
Tax Calendar
July 2 - Last day of:
e-Submission
- Summary list of sales or purchases by VAT-registered taxpayers (EFPS) for TQ ended May 2007
Registration Submission:
- Computerized books of accounts and other accounting records in CD-ROM for FY ended May 2007, and affidavit on the post reporting requirements for CAS; Submission for
Submission:
-Inventory list for FY ended May 2007
- Sworn statement of automobile manufacturers, assemblers or importers for 1st semester of 20007
- BOI- Transcript sheets of ORB by qualified jewelry enterprises for FY ended May 2007
- PEZA - ITR filed with the BIR on June 15, 2007 by PEZA-registered enterprises for FY ended February 2007
- Payment for LGU of real property taz 2nd installment for 2007
July 3- Last day of Filing for engagement letters and renewals or subsequent agreements for financial audit by independent CPAs for FY beginning September 2007
July 5- e-Filing or Filing & e-Payment or Payment of 2000 - DST for June 2007
Source: Punongbayan & Araullo
Editor's Take
A Solid Enterprise Foundation for a Stronger Nation
Last week, the outgoing head of the World Bank office in Manila spoke about the clear progress of the national economy. But he also gave a clear-headed assessment that the gains are still vulnerable and our policy-makers need to be steadfast.
In the same vein, development managers and microfinance advocates from all over the world who were meeting in Silang, Cavite said the benefits of globalization have been shared by only a small number while relatively few are able to contribute to economic development.
The Philippines is not exempt. For the country to grow a strong economy and allow its citizens to share in the benefits of that growth will require a solid enterprise foundation able to undertake production and creation of additional value or wealth.
Without this, poor areas will remain locked in a vicious cycle, our development will be uneven. Our growth has been consumer-driven and speculative to an extent. Short-term and palliative, such growth is unable to meet the requirements of sustainable development. To develop and sustain a vibrant economy, we need an entrepreneurial base capable of building and directing local industries that are competitive, guided by global best practices and responsive to market forces.
It is imperative for the country to grow a stronger economy, especially in the countryside, with a good enterprise foundation to undertake production and create additional value or wealth. This must be value that is retained and reinvested in the same communities, in order to expand the enterprises, create new jobs, open fresh income opportunities and uplift the quality of people's lives.
Much remains to be done in this country. We talk about a growth rate of almost 7% in the first quarter of this year, a performance in keeping with our Southeast Asian neighbors. We certainly need to maintain a growth rate of at least 7% if we are ever to begin to chip away at the high level of poverty incidence in this country.
As entrepreneurs, we do not lay claim to the business of public governance. But as tax payers, we certainly expect from this country's policy makers and economic managers steadfast determination that will promote an attractive business climate for the growth of Small and Medium Enterprises while creating novel ways for the working, entrepreneurial rural poor to enter the market.
If the development gap is not bridged, the formation of a consensus for forging a viable, forward-looking nation will be difficult indeed.
Russelle S. Trinidad
SME BizLink Editor
