How to effectively structure employee salaries, benefits

The Tax Reform for Acceleration and Inclusion (TRAIN) Act took effect on Jan.1, 2018. This means new computation on compensation. Many businesses and HR practitioners are not skilled and updated on how to maximize the tax savings and benefits allowed by government. The confusion on how to properly compute for the salaries, wages and benefits was aggravated in the passing of 2018 TRAIN provisions, which impact both individual and corporate taxpayers.

To help taxpayers and business organizations on this issue, the Center for Global Best Practices is launching a seminar for business owners, decision-makers and HR practitioners on the topic, “How to Structure and Compute Your Salaries, Wages and Benefits with the 2018 TRAIN Incentives for Taxpayers” on March 1, 2018 at the Marriott Hotel, Pasay City.

For employers, you can actually increase the take-home pay of your workers by designing your compensation structure to maximize the use of de minimis benefits, fringe benefits, other benefits, optimizing the allowable deductions and tax exemptions, giving the 13th month pay on a monthly basis, and more. This will mean less taxes to withhold, more money for your employees. Participants will be shown how to link these new measures to create a cohesive and highly beneficial structure for employers and employees.

Learn all these from labor law practitioner and HR expert, Atty. Elvin Villanueva. He is the author of 23 books including Guide on Employee Compensation and Benefits Vol. 1 & 2; Guide to Valid Dismissal of Employees; Guide on Wage Order & Minimum Wage; Valid Job Contracting and Subcontracting, Gabay sa mga Karapatan ng mga OFWs; HR Forms, Notices & Contracts Vol. 1 & 2; Employee Transfer & Demotion; Leave Benefits; How to Pass the Bar Examination; Real Estate Practices in the Philippines; Real Estate Exam Reviewer; and Real Estate Reviewer: Brokerage Practices. Interested participants are encouraged to avail of the group discounts for 3 or more participants. This is a limited-seats-only event and pre-registration is required.

For details and a complete list of seminars log on to www.cgbp.org or call (02) 842-7148/ 59 and 556-8968/ 69; Cebu lines (032) 512-3106 or 07; Baguio line (074) 4235148; and Legazpi Line (052) 736-0148.