| Download: Flyer - Black&White (.PDF 405kb) Course Outline (.PDF 320kb) |
 |
 |
|
presents
 |
|||
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|||
20 & 21 JANUARY 2011 * EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY * 9:00AM to 5:00PM
This two-day seminar will give you a comprehensive update on the new laws, court rulings and decisions, and latest memorandum orders and policies of the BIR and the SEC in the past year up to the present.
Knowledge of these is essential in maximizing the benefits granted by law, ensuring compliance, minimizing and avoiding unnecessary tax exposures, assessments and penalties from these regulatory agencies.
Be in the know and take advantage of the wealth of information in this once-a-year event. Gain valuable insights, advises, and best practices tips from the experts. Whether you are expanding your business, improving your bottom line, or strategizing your next move as an SME or a large corporation, you will profit from attending this seminar. This is MCLE- accredited by IBP and CPE-accredited by PICPA.
ONE-TIME SEMINAR
REGISTER NOW
Avail of Early Bird and
Group DISCOUNTS
Contact Person: Katrina Viray
Manila lines (+632) 556-8968 or 69
Manila Telefax (+632) 842-7148 or 59
Cebu lines (+63 32) 512-3106 or 07
Email: katrina@cgbp.org
Check: http://www.cgbp.org
REGISTER NOW
Avail of Early Bird and
Group DISCOUNTS
Contact Person: Katrina Viray
Manila lines (+632) 556-8968 or 69
Manila Telefax (+632) 842-7148 or 59
Cebu lines (+63 32) 512-3106 or 07
Email: katrina@cgbp.org
Check: http://www.cgbp.org
Lecturers:
Atty. Edwin R. Abella, CPA He has 30 years of experience as a tax practitioner and is considered an expert in his field of tax practice. He obtained a Master of Taxation degree from the Harvard Law School (Thomas Jefferson Scholar, 1995) and MLQ University (with Highest Honors in 1988). He is a lecturer in taxation and bar review classes in U.P. and many other prestigious universities. He is the chairman on suggested answers committee to bar exams in taxation and has been a bar examiner in 2009. Presently, he holds the rank of assistant commissioner at the Bureau of Internal Revenue (BIR).
Atty. C.A. Gerard M. Lukban He is the Commission Secretary and spokesperson of the Securities and Exchange Commission. His lecture will cover the SEC segment of the seminar in his capacity as the person in-charge of the repository of SEC information for public dissemination. He finished his Juris Doctoris degree at the Ateneo Law School in 1995 and MBA in 2000 at the Ateneo Graduate School of Business.
Atty. Edwin R. Abella, CPA He has 30 years of experience as a tax practitioner and is considered an expert in his field of tax practice. He obtained a Master of Taxation degree from the Harvard Law School (Thomas Jefferson Scholar, 1995) and MLQ University (with Highest Honors in 1988). He is a lecturer in taxation and bar review classes in U.P. and many other prestigious universities. He is the chairman on suggested answers committee to bar exams in taxation and has been a bar examiner in 2009. Presently, he holds the rank of assistant commissioner at the Bureau of Internal Revenue (BIR).
Atty. C.A. Gerard M. Lukban He is the Commission Secretary and spokesperson of the Securities and Exchange Commission. His lecture will cover the SEC segment of the seminar in his capacity as the person in-charge of the repository of SEC information for public dissemination. He finished his Juris Doctoris degree at the Ateneo Law School in 1995 and MBA in 2000 at the Ateneo Graduate School of Business.
Business Owners
Board Directors
CFOs
Lawyers
Accountants & Tax Practitioners
Compliance Officers
Business Consultants
Board Directors
CFOs
Lawyers
Accountants & Tax Practitioners
Compliance Officers
Business Consultants
_______________________________
Seminar Investment is P12,990
inclusive of Meals, Resource Kit, &
Certificate of Attendance
Seminar Investment is P12,990
inclusive of Meals, Resource Kit, &
Certificate of Attendance
 |
 |
 |
 |
New Year Tax & SEC Updates
Learn the New Laws, Court Rulings & Memorandum Orders for Your Benefit
Edsa Shangri-La Hotel, Mandaluyong City, Philippines
Thursday & Friday, 9:00am to 5:00pm, January 20 & 21, 2011
Course Outline
Day 1
9:00 am to 12:00 noon Recent Developments in Taxation
a. How to measure the gain for income tax purposes
b. Basis of a property in a sale or exchange
- The stepped-up basis
- The carry-over basis
- The substituted basis
c. The all-events test in income realization - The income must be reported in the correct taxable period
d. Criteria in determining whether an expense is ordinary and necessary
e. Personal Expenses: When allowed as a deduction and when not
f. The all-events test in claiming deductions
g. The new Optional Standard Deduction
(Republic Act No. 9504, RR 16-2008, Revenue Regulations No. 2-2010)
- OSD on individuals
- OSD on Corporations
- OSD on General Professional Partnership and Partners
1:00 pm to 5:00 pm
a. The tax side of disasters
b. The tax treatment of sales discounts
- Sales Discounts in general: Reconciling the income tax and VAT treatments
- Discounts to Senior Citizens (Republic Act No. 9994, Revenue Regulations No. 7-2010)
- Discounts given to Persons with Disability (Revenue Regulations No. 1-2009)
c. The increase in personal exemptions and its impact on the equity of taxation
(Republic Act No. 9504, Revenue Regulations No. 10-2008)
d. The exemption of minimum wage earners from income tax and withholding tax
(Republic Act No. 9504, Revenue Regulations No. 10-2008)
e. Tax treatment of Capital Asset Transactions (Revenue Regulations No. 6-2008)
f. Identifying the tax minimization tools for capital assets
g. Increase in de-minimis benefits (Revenue Regulations No. 5-2008)
h. Tax treatment of excess benefits given by the employer
i. Knowing the changes in VAT Rules: Legislation or a mere Administrative Fiat
Day 2
9:00 am to 12:00 noon A Guide in Effectively Handling Tax Audit (Remedies in Taxation)
a. Policies and Guidelines for Abatement of Surcharges and/or compromise penalties (RR 8-2010)
b. Handling Assessments and Audit - Flowchart to be given to ensure no crucial step will be missed
c. Requirements of a valid assessment
d. Relevant Supreme Court Decisions on Tax Remedies
1:00 pm to 5:00 pm Updates from SEC
Notices/Memorandum Circulars issued 2010
1. Reduction of Number of Copies of Reports and Other Filings
2. Guidelines in the Preparation of Anti-Money Laundering Operating Manual of SEC covered companies
3. Coverage of Financing Companies by the Revised Code of Corporate Governance
4. 2011 Schedule of filing of Annual Financial Statements
SEC Opinions
1. Close holding corporations
2. Assignment of leasehold rights a security?
3. BPO/Collection Center a Financing Company?
4. Effect of revocation of license to transact business in the Philippines
5. Voting by mail
6. Service of summons through the Commission
7. Qualification of a Corporate Secretary; Revised Code of Corporate Governance
8. Setting up of servers in the Philippines by a foreign corp.
9. Directors with dual citizenship
10. Notice of Meeting, Delinquent Stockholder
11. Transacting with a corporation whose charter has been revoked
9:00 am to 12:00 noon Recent Developments in Taxation
a. How to measure the gain for income tax purposes
b. Basis of a property in a sale or exchange
- The stepped-up basis
- The carry-over basis
- The substituted basis
c. The all-events test in income realization - The income must be reported in the correct taxable period
d. Criteria in determining whether an expense is ordinary and necessary
e. Personal Expenses: When allowed as a deduction and when not
f. The all-events test in claiming deductions
g. The new Optional Standard Deduction
(Republic Act No. 9504, RR 16-2008, Revenue Regulations No. 2-2010)
- OSD on individuals
- OSD on Corporations
- OSD on General Professional Partnership and Partners
1:00 pm to 5:00 pm
a. The tax side of disasters
b. The tax treatment of sales discounts
- Sales Discounts in general: Reconciling the income tax and VAT treatments
- Discounts to Senior Citizens (Republic Act No. 9994, Revenue Regulations No. 7-2010)
- Discounts given to Persons with Disability (Revenue Regulations No. 1-2009)
c. The increase in personal exemptions and its impact on the equity of taxation
(Republic Act No. 9504, Revenue Regulations No. 10-2008)
d. The exemption of minimum wage earners from income tax and withholding tax
(Republic Act No. 9504, Revenue Regulations No. 10-2008)
e. Tax treatment of Capital Asset Transactions (Revenue Regulations No. 6-2008)
f. Identifying the tax minimization tools for capital assets
g. Increase in de-minimis benefits (Revenue Regulations No. 5-2008)
h. Tax treatment of excess benefits given by the employer
i. Knowing the changes in VAT Rules: Legislation or a mere Administrative Fiat
Day 2
9:00 am to 12:00 noon A Guide in Effectively Handling Tax Audit (Remedies in Taxation)
a. Policies and Guidelines for Abatement of Surcharges and/or compromise penalties (RR 8-2010)
b. Handling Assessments and Audit - Flowchart to be given to ensure no crucial step will be missed
c. Requirements of a valid assessment
d. Relevant Supreme Court Decisions on Tax Remedies
1:00 pm to 5:00 pm Updates from SEC
Notices/Memorandum Circulars issued 2010
1. Reduction of Number of Copies of Reports and Other Filings
2. Guidelines in the Preparation of Anti-Money Laundering Operating Manual of SEC covered companies
3. Coverage of Financing Companies by the Revised Code of Corporate Governance
4. 2011 Schedule of filing of Annual Financial Statements
SEC Opinions
1. Close holding corporations
2. Assignment of leasehold rights a security?
3. BPO/Collection Center a Financing Company?
4. Effect of revocation of license to transact business in the Philippines
5. Voting by mail
6. Service of summons through the Commission
7. Qualification of a Corporate Secretary; Revised Code of Corporate Governance
8. Setting up of servers in the Philippines by a foreign corp.
9. Directors with dual citizenship
10. Notice of Meeting, Delinquent Stockholder
11. Transacting with a corporation whose charter has been revoked
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SEMINAR FEE PER PERSON: P 12,990 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
Less 5% for early registrants (on registrations made on or before December 20, 2010)
Less 5% for early payment (if made on or before January 10, 2011)
Less 5% for group registration (minimum of 3 participants)
SEMINAR FEE PER PERSON: P 12,990 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
Less 5% for early registrants (on registrations made on or before December 20, 2010)
Less 5% for early payment (if made on or before January 10, 2011)
Less 5% for group registration (minimum of 3 participants)