Category: Entrepreneurship

What Happens To Your Shares When the Company Gets Delisted?

I had an opportunity to coach a relatively small group of OFW’s in Al Khobar, Saudi Arabia last Thursday, April 11, 2013 that included mostly of couples and their young children. It was an interesting session as questions thrown in were very challenging.

One of the questions asked by a participant was, “what happens to our shares when a company we’re buying becomes delisted from the PSEi”?

And then this morning, I read another similar question asked by a forum member to COL Financial advisor, Mike Viñas who was worried as to what will happen to her shares in a company that has been delisted by the PSE. She was not aware that the delisting has already happened. Continue reading What Happens To Your Shares When the Company Gets Delisted?

Are OFW’s Really Not Required to File Income Tax Returns?

April 15 has always been headache for me from my years of being a slave junior auditor in Deloitte up to the years burning my seat as an accounting & finance professional in various companies. The BIR (Bureau of Internal Revenue) and this horrendous date of the year have brought me either nightmares or sleepless nights. You should know what I mean.

Thank God I am now an OFW! I have somehow been freed from this April 15 curse. But am I really exempted from all these annual tax filing commotions?

The Revenue Regulation No. 1-2011 issued by the BIR defines that OFWs are exempt from paying income taxes for income earned abroad. However, the burden of proof is on the OFW’s themselves as they must show proof that they are registered as OCWs (overseas contract workers) or OFW’s with the Philippine Overseas Employment Administration (POEA) and have a valid Overseas Employment Certificate (OEC).

So fellow OFWs, don’t lose those OEC’s! Continue reading Are OFW’s Really Not Required to File Income Tax Returns?

Dividends: Your Other Blessing in the Stock Market

When you invest in the stock market and become part of your chosen company’s continuing growth, you will earn mainly in two ways: through capital or price appreciation and through dividends.

Capital or price appreciation is an increase in the market price of your stock over time brought about by an increase in its potential value and the demand to buy its shares. The faster a company can grow, the faster its price can appreciate.

Profitable corporations can also issue dividends, whether in cash (cash dividend) or in additional shares of stock (stock/rights dividend) as a means for shareholders to share in their distributed profits.

Dividends are given by top companies whenever they earn significant profits from their business in a particular period. The owners of these companies can decide whether to keep all their earnings and re-invest it in their business (retained earnings), or give a portion of the earnings to its shareholder members in the form of dividends.

Again, if you buy shares of a certain company, then you are a shareholder. And you are entitled to receive dividends if the company you are invested in declares that they will distribute so on a particular date directly credited to your portfolio. Continue reading Dividends: Your Other Blessing in the Stock Market