The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
Riding the TRAIN, and How it Affects Philippine Taxation
With the changes introduced in the country’s tax landscape, it would be highly advisable for every business owner to have a working idea as to how the TRAIN Law would affect their enterprises, as the new tax law affects businesses all over the country. Needless to say, understanding how the TRAIN impacts the enterprise has to be among the top priorities of any entrepreneur in conducting his business.
Retrenchment or Downsizing, When Done Right
Retrenchment is one of the economic grounds to dismiss employees and is resorted to by an employer primarily to avoid or minimize business losses. Employers, however, must be careful to ensure that retrenchment should be undertaken in compliance with the due process requirements, or else they risk doing more harm than good to the enterprise. It is so because such employers will be liable for illegal dismissal should they fail to comply. Considering the strict legal requirements in retrenching employees, business owners must understand how retrenchment is properly done.
Why Insurance is Good for Business
Here in the Philippines where natural disasters are very common, it is within the realm of unfortunate possibility that the hard-earned assets of a business get wiped out in an instant due to fortuitous events or accidents. Add this to the various risks that abound due to other unforeseen acts of men such as robbery, infidelity of employees that results in misappropriation and embezzlement of company funds, or even negligence resulting to losses or damage to company property. It is therefore advisable to protect the business and its assets by securing appropriate insurance policies.
Drug-free Program For a Drug-free Workplace
Even before there was this so-called “war on drugs”, many companies are already waging their own battles against drugs in order to achieve a drug-free workplace. This is intended for the protection of both the employers and their employees from the dangers that narcotics may bring. Through D.O. No. 53-03 issued by the Labor Department, guidelines are now set for private establishments in creating and implementing their
own drug abuse prevention and control programs in the workplace. This is especially true for those enterprises that are covered by the mandatory requirement of formulating a drug-free company policy.
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