Taxes, compensation, and more!

BEGINNER’S INSIGHTS is Atty. MEC’s webpage. BEGINNER’S INSIGHTS shares ARTICLES about tax, compensation, property, and other legal matters which might be of interest to employees, property investors, and start-up entrepreneurs. You may reach Atty. MEC at flightphils@yahoo.com.

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  • OBLIGATION TO PAY INTEREST  

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. Interest is of two major kinds – conventional interest and compensatory interest (LARA’S GIFTS v. Read more

  • PERSONAL EQUITY AND RETIREMENT ACCOUNT  (PERA)

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. Let us welcome 2025 by sharing this article on how one may further Read more

  • WHEN IS THERE A CONTRACT?  

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. As an accountant and head of finance, part of my job in the Read more

  • FINANCIAL INSTRUMENTS AND THE TAX ON INCOME THEREFROM  

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. Other than in real estate, one may also invest his hard-earned money in Read more

  • WHEN IS EARLY RETIREMENT PAY NON-TAXABLE?

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. This article is best appreciated when read in relation to my article, MINIMUM Read more

  • TAXES AND FEES ON THE SALE AND OTHER DISPOSITIONS OF REAL PROPERTIES

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. This article is a must-read in relation to my previous article, BASIC GUIDE Read more

  • BASIC GUIDE WHEN BUYING REAL PROPERTY

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. The real estate sector seems to have bounced-back after the pandemic. Several residential Read more

  • THE ACT OF THE PARENT COMPANY MAY NOT PREJUDICE THE SUBSIDIARY COMPANY

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. In most cases, entrepreneurs owning and running several corporations tend to forget that, Read more

  • MAY A CREDITOR OF THE SUBSIDIARY COMPANY REACH THE ASSET OF THE PARENT COMPANY?

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. Investopedia.com defines subsidiary company as the company that belongs to another company, which Read more

  • COGNITION THEORY IN RELATION TO THE STATUTE OF LIMITATION 

    DISCLAIMER: This article does not create an attorney-client relationship between the author and the reader.  The answer of the author on the issue is just an expression of his general opinion based on Philippine law and hence does not constitute legal advice. My previous articles are common issues on taxes and employee benefits.  This time Read more