Love yourself; enjoy, for life is short?

Modern mind has lost the flavor of Christianity. Most people have adopted the gospel “Life is short” and should be made pleasurable to the hilt. Adding to this indulgent philosophy is the admonition: “Love yourself.”

What has the Blessed Virgin Mary to say about this? She has not remained silent and had words on this only last June 30, via mystic Pedro Regis.

Pedro who? Let us review.

Pedro Regis is a mystic from and in Anguera, Brazil and, since 1987, has received no less than 4,921 messages, mostly from the Blessed Mother. His mystical experiences have been supportive of the Magisterium of the Church, the importance of praher, the Holy Scriptures and the Euchariest.

With her traditional prudence and caution, the Church has not approved Pedro’s mystic experiences but neither has she condemned them. The acceptability of Pedro, however, is grounded not only on the conformity of his experiences with the Church’s teachings. Archbishop Zanoni of Anguera has been seen beside him before crowds to bless pilgrims. This says much about Pedro’s credibility.

And so to go on with Our Lady Queen of Peace’s message thru Pedro Regis on June 30, 2020, in regard to modern day materialism. Our Blessed Mother said as follows:

“Dear children, the road to holiness is full of obstacles, but do not forget that the way to Heaven passes through Calvary. Without carrying the cross you cannot reach Heaven. Open your hearts and accept God’s Will for your lives. Humanity has turned away from the Creator and is walking along the paths of destruction that men have prepared with their own hands.

“The smoke of the Devil has spread everywhere and many of My poor children are walking like the blind leading the blind. Do not forget: in your hands the Holy Rosary and Sacred Scripture; in your hearts, the love of truth. You are heading towards a painful future. Discord will be present in the House of God and the consecrated will be at war. Give me your hands and I will lead you to the Great Victory. Courage. You are not alone. My Jesus walks with you. Onward without fear. This is the message that I give you today in the name of the Most Holy Trinity. Thank you for having allowed Me to gather you here once more. I bless you in the name of the Father, the Son and the Holy Spirit. Amen. Be at peace.”

Needless to say, we have to keep in mind the last part of the Credo: “...and life everlasting,” as against the admonition “life is short.”

AMID THE ‘LOVE YOURSELF’CREDO, the Blessed Mother appeals more for love of her Son Jesus Christ, in her message to Marco Ferrari.

Marco who?

On March 26, 1994, Marco, a devotee of the Holy Rosary in Paratico, Italy, started to receive messages from the Blessed Mother. The following year up to 2005, he was to manifest the stigmata, or wounds approximating the wounds of Jesus on the cross, on Good Fridays.

He also received 11 secrets concerning the world, Italy, apparitions in the world,

As we have opened up our business this month of June, after the great lockdown of the March to May of this year, a lot of establishment had experienced losses beyond their control and are trying to survive this great Pandemic that hounded our Planet, and because of that they might choose a bitter pill of releasing employees that are currently under their employment.

This too will be a hard decision to make, but if it is necessary for the survival of their business, we respect those decisions. Because of this I would like to share and remind those employers that the "severance" payment of their employees may be exempted to withholding taxes provided they follow ministerial works needed to be coordinated with DOLE and BIR. These paper works are easy since most notices are being given, and BIR has very easy requirements for this. Here is the excerpt for your reference for the primary exemption on those compensation of affected employees:

"SECTION 2.78.1. Withholding of Income Tax on Compensation Income.

(A) - xxx

(B) Exemptions from withholding tax on compensation. — The following income payments are exempted from the requirement of withholding tax on compensation:

(1) Remunerations received as an incident of employment, as follows:

(a) xxx:

(b) Any amount received by an official or employee or by his heirs from the employer due to death, sickness or other physical disability or for any cause beyond the control of the said official or employee, such as retrenchment, redundancy, or cessation of business.

The phrase "for any cause beyond the control of the said official or employee" connotes involuntariness on the part of the official or employee. The separation from the service of

“the official or employee must not be asked for or initiated by him. The separation was not of his own making. Whether or not the separation is beyond the control of the official or employee, being essentially a question of fact, shall be determined on the basis of prevailing facts and circumstances.

It shall be duly established by the employer by competent evidence which should be attached to the monthly return for the period in which the amount paid due to the involuntary separation was made.“Amounts received by reason of involuntary separation remain exempt from income tax even if the official or the employee, at the time of separation, had rendered less than ten (10) years of service and/or is below fifty (50) years of age. “Any payment made by an employer to an employee on account of dismissal, constitutes compensation regardless of whether the employer is legally bound by contract, statute, or otherwise, to make such payment."“On the other hand, the process on how to undergo this procedure is attached in the file RMO 26-2011, and its current amended of RMO 66-2016.

The procedures in RMO 26-2011 are easy to follow and the documentary requirements being requested (with amendments from RMO 66-2016) is also a relief since most of your application shall start with your respective RDO and the release of the tax exemption certificate is with the Revenue Region.

Kindly take note that the starting point for all the documentation is the Notice to DOLE, with the current pandemic, I wouldn’t be surprised with the numbers of increase notices to DOLE regarding retrenchment.“Now if you have already completed the release and withholding of their taxes, not to worry since under NIRC section 229 the employees may avail of the refund and it is also highlighted under RMO 26-2011, which will require some documentation from the employer and will be submitted to the respective RDO of the employer.

“I hope this provides a tax shelter to your employees that will need additional funds during this trying time.

For further inquiries please don't hesitate to contact us. Keep Safe.---Marco Fernando L. Ng, CPA, CIA, CFE, CGMA (The author is currently the Managing Partner of M.Ng & T.Lopez partnership firm, one of the boutique firms in Metro Angeles. Prior to establishing the firm, he had worked for years in New York City with one of the largest local auditing firm there and focuses on hedge funds and private equity funds.

He had worked with two of the largest auditing firms in the Philippines wherein he was under its Fraud Investigation and Dispute services and Assurance services, handling corporate accounts and public listed companies.)