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SME in Focus

Empowering the SMEs

Being an archipelagic country, pushing development is doubly challenging for the Philippines. Thus, there is a need to develop a strong and robust nautical highway that will complement the development of roads under Strong Republic Nautical Highway project of the government.

It has been proven that the Strong Republic Nautical Highway (SRNH) or Roll On-Roll Off (Ro-Ro) has increased regional trade, boosted tourism and agricultural productivity and the development of the countryside. Further, the Ro-Ro contributes a lot in making the cost of goods cheaper

The $220 million worth of loans provided by French financial organizations to the Department of Transportation and Communications for the construction and and improvement of 70 Ro-Ro ports nationwide is a good development towards the making of a more robust Ro-Ro.

The emergence of a stronger nautical highway is certainly a big boost to the SMEs in the countryside because it gives them greater mobility to transport and sell their goods.

Member-At-Large

D’ Vinia’s Buko Pie and Food Products

Turning 20 in 2010, D’ Vinia’s Buko Pie and Food Products has already made a name in the industry since it was opened by sisters Divinia and Emma Baclig of Los Baños, Laguna Products of the bakeshop include buko pie, cassava cake, espasol, buko tart, pineapple cake, sapin-sapin, and ube macapuno pie.

The key to the success of the bakery is the passion and commitment of the Baclig sisters to pursue continuous development, improvement and maintenance of quality to all products. D’ Vinia’s is also responisive and dynamic to the needs of the market. It introduced new products as well as added more stalls so customer can have easier access to their products.

Visit its site on www.dviniasbukopie.com.

Featured SME

Yellow Coco: Born out of love for gardening

Veteran insurance and multi-awarded Philippine American Life and General Insurance Company (Philamlife) agent Yolanda Mortel thought her working life would evolved only around insurance. Being a member of the Million Dollar Roundtable circle of Philamlife, Mortel is one of the reasons why Philamlife is the country’s leading insurance company.

She was not aware that the gardening pursued by husband Reynaldo gradually developed and later they’ve become addicted to it. The mother of two recalls they bought lots in the provinces whenever they have the opportunity to pursue gardening. Mortel used her earnings from her commissions to buy the lots.

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Tax Calendar

2009 December

11 Friday
Withholding Tax
E-filing of November 2009 taxes withheld (on compensation income, income payments subject to expanded withholding tax and income payments subject to final withholding tax) by EFPS filers belonging to Group E* (BIR Form Nos. 1601C, 1601E and 1601F)

MAP
E-filing of November 2009 monthly alphalist of payees for monthly remittance returns (BIR Form Nos. 1601E and 1601F) by EFPS filers belonging to Group E*

Tax on Interests
E-filing of final tax withheld on interest paid on deposits and yield on deposit substitute/trust/etc. for November 2009 transactions by EFPS filers belonging to Group E* (BIR Form No. 1602)

14 Monday
Withholding Tax
E-filing of November 2009 taxes withheld (on compensation income, income payments subject to expanded withholding tax and income payments subject to final withholding tax) by EFPS filers belonging to Groups D*, C* and B* (BIR Form Nos. 1601C, 1601E and 1601F)

MAP
E-filing of November 2009 monthly alphalist of payees for monthly remittance returns (BIR Form Nos. 1601E and 1601F) by EFPS filers belonging to Groups D*, C* and B*

Tax on Interests
E-filing of final tax withheld on interest paid on deposits and yield on deposit substitute/trust/etc. for November 2009 transactions by EFPS filers belonging to Groups D*, C* and B* (BIR Form No. 1602)

SEC
Filing of annual audited financial statements by corporations with taxable year ended 8.31.09 whose securities are registered under the Securities Regulations Code or the Revised Securities Act

15 Tuesday
Annual Income Tax
Payment of income tax by corporations and partnerships with taxable year ended 8.31.09 (BIR Form Nos. 1702 & 1702 AIF)

SAWT
Filing of income taxpayer’s summary alphalist of withholding agents of income payments subjected to withholding taxes for the year ended 8.31.09 (as attachment to BIR Form No. 1702)

Withholding Tax
E-filing of November 2009 taxes withheld (on compensation income, income payments subject to expanded withholding tax and income payments subject to final withholding tax) by EFPS filers belonging to Group A* (BIR Form Nos. 1601C, 1601E and 1601F)

E-payment of November 2009 taxes withheld (on compensation income, income payments subject to expanded withholding tax and income payments subject to final withholding tax) by all EFPS filers (BIR Form Nos. 1601C, 1601E and 1601F)

MAP
E-filing of November 2009 monthly alphalist of payees for monthly remittance returns (BIR Form Nos. 1601E and 1601F) by EFPS filers belonging to Group A*

Tax on Interests
E-filing of final tax withheld on interest paid on deposits and yield on deposit substitute/trust/etc. for November 2009 transactions by EFPS filers belonging to Group A* (BIR Form No. 1602)

E-payment of final tax withheld on interests paid on deposits and yield on deposit substitutes/trusts/etc. for November 2009 transactions by all EFPS filers (BIR Form No. 1602)

Pag-Ibig Fund
Remittance of November 2009 contributions by employers with names that begin with letters E–L (Form M1-1)

Accounting Records
Filing of bound / loose-leaf books of accounts and other computer-generated accounting records by taxpayers with taxable year ended 11.30.09

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SME Events

2009 December

14 Monday - 15 Tuesday
ISO 22000 Food Safety Management System Documentation

16 Wednesday - 17 Thursday
How to Become an Effective Quality Management Representative

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SME Power Quote

“A dream doesn’t become reality through magic; it takes sweat, determination and hard work.” – Colin Powell

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