Small business travails

and regulatory requirements. Years ago, a young entrepreneur asked me in exasperation: “Why does our government seem intent to put every obstacle they could possibly think of in the way of small businesses?” He was unhappy at how he needed to spend too much of his time attending to all the rules, regulations, and documents that various government offices require, rather than be able to devote his valuable time running the business.

One would think that two years into this pandemic, and well into the digital age, these offices would have already provided systems to eliminate or minimize legwork in complying with their requirements. Yet in the past year, we had to deal with at least one office that still has to have everything done physically in their premises, even as the pandemic had scaled down their frontline services with part of their staff working from home.

Then there’s the need to prove to DOLE that the 13th-month salaries of employees have been paid. But what took the cake is the BIR annual ritual of registering company books. Our office assistant had to line up for the submission because our usual bookkeeper had come down with COVID-19. And when we asked BIR if we can get an extension because of this, they said we needed to write a formal letter, have it notarized, and submit with a corporate secretary’s certificate .

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia’s mangrove-planting fishermen stumble at nature finance hurdle - BusinessWorld OnlineThis month, a new global fund was launched by the Rights and Resources Initiative and Campaign for Nature to help indigenous and local groups conserving forests and other ecosystems on the ground access international finance more easily. READ: Is this real? Or this is not real? 🤓 mais je suis un artiste 😭 You can’t hide. 🥱
Source: bworldph - 🏆 9. / 68 Read more »

Business Sense: Dito CME president Eric Alberto and CFO Jojo OngDito CME's Eric Alberto and Jojo Ong talk about the third telco's targets and accomplishments, as well as how the possible easing of foreign ownership restrictions could impact Dennis Uy's company. Tune in on Tuesday, January 25, at 6 pm! BusinessSense Yah,Right! As if you'd be able to accomplish much without your connections to the Powers-that-Be! Hahahahaha! Tell it to the Marines!
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Business groups press bicam committee to adopt ‘most liberal provisions’ of PSA bill - BusinessWorld OnlineVARIOUS business groups and foreign chambers are pressing the Bicameral Conference Committee to adopt the “most liberal provisions” of a measure amending the Public Service Act (PSA), which they said would help the Philippines attract much-needed foreign investments as it recovers from the pandemic.
Source: bworldph - 🏆 9. / 68 Read more »