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
Repossession of Mortgaged Automobiles
For those who are engaged in the lending business, it cannot be denied that many of them face the difficulties posed by the need to collect from their debtors the amount due, or in going after the security offered for the obligation as in case of mortgages. Lenders in car loans are the ones who usually face the challenges of having to repossess the mortgaged vehicle just to satisfy the unpaid amounts through a public sale. With this, it is therefore a “must know” for these lenders what legal remedies they may avail of the moment they experience difficulties either in collecting the debt, or repossessing the vehicle given as security for the loan.
Compensation on Holidays and Non-Working Days
Though coming from varying perspectives, employers and employees are looking forward to, if not concerned about, holidays and non-working days. For many, holidays give an extra time-off for the workers, who may use it on rest, leisure, self-enhancement activities, or simply work it out like an ordinary working day. As for employers, concerns abound as to how they will compensate their employees during these days. Since it is the law that defines rules on holiday compensation, employers thus have more reasons to keep themselves being on-the-know as to how to deal with the payroll come payday.
Taxpayer’s Remedies Against Assessment and Collection by BIR
As the saying goes, the only two things certain in this world are death and taxes. It is therefore very important for taxpayers, especially for business owners, to make sure that they are able to file their tax returns and pay their taxes timely and correctly. Otherwise, they risk being subjected to more complications when the Bureau of Internal Revenue starts going after their businesses to collect the taxes still due. In these instances, however, taxpayers are not completely helpless, as they may avail of certain remedies under the law in case they are faced with tax assessments and actions for collection.
Imprisonment for Non-Remittance of SSS, Pag-IBIG and PhilHealth Contributions
For the programs being implemented under the SSS, Pag-IBIG and PhilHealth, the employer and the employee jointly pay for the latter’s contributions in exchange for the right to enjoy social security and other employee welfare benefits. It is, however, unfortunate that some employers do not remit contribution payments to the government. Thus, in order to ensure faithful compliance with the programs’ noble purposes, complaints may be filed before the SSS, Pag-IBIG and PhilHealth offices, as the case may be. Employers always have to bear in mind that aside from being ordered to pay for the unremitted contributions, criminal penalties may likewise be imposed upon finding of guilt for their violations.
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