Problems of Graduating Students (Philippines)

PROBLEMS OF GRADUATING STUDENTS
by Emelino T Maestro, Father of Tax Accounting, Tax Guru
Dec 17, 2013, #Undergraduatesfortaxation

When I was a freshly graduate from Pamantasan ng Lungsod ng Maynila 28 years ago, I learned early enough that to be employed immediately and getting my desired salary would only just be a dream because I was in the bottom of the list of candidates who would be hired due to the fact that my fellow fresh graduates (1) who came from prestigious schools like Ateneo, La Salle or UP, (2) who either has a latin honor or came from the top of his class, and (3) who already passed the licensure exams are overflowing on the priority list. Ending, I accepted a 37.50 pesos/day job (when the minimum wage is already 64 pesos a day) as an accounting clerk cum messenger in a government owned and controlled corporation.

This scenario has never changed since then. Many of the graduating students may find themselves as a less desirable candidate for a job. Many also from those who graduated last year still have to find a job.

I cannot forget what the former Vice-President Salvador ‘Doy’ Laurel has said to a batch of graduating students long time ago. He said, ‘Kung pagpapatung-patungin ang librong pinabasa sa inyo, test papers na sinagutan ninyo at school projects na nilahukan ninyo, siguro aabot ito hanggang second floor ng PICC. Ang masakit nito ay katiting na katiting lang sa napag-aralan ninyo ang magagamit ninyo sa inyong hanapbuhay o totoong buhay.”

What he said is true yesterday and still true today.

The schools had taught you well the ability to think BUT IT DID NOT TEACH YOU HOW TO THINK AND ACT LEGALLY. We are in a society where the superiority of laws of State is overwhelming and encompassing. Your acts must always within its parameters else you would either be fined, imprisoned or deported. Law makes us civilized residents of the Philippines. And, without it, we are called ‘criminals’ or ‘fugitives’.

Saying so, it is better to advertise to your potential employers that (1) YOU KNOW THE LAW and (2) YOU CAN USE THE LAW EITHER TO SOLVE HIS PROBLEMS OR PREVENT POSSIBLE PROBLEMS TO OCCUR.

Most of the employers’ problems today arise from their ignorance of the Bureau of Internal Revenue’s rules and regulations. If you would only take a moment to study the cause and effect of their failure to comply with them. You would find yourself in the priority list of the desirables.

What is a CAREER AND BUSINESS OPPORTUNITY PROGRAM? It is systematic approach in increasing the corporate/business value of a would-be employee by way of aligning his knowledge and knowhow in solving the chronic and operational problems of his potential employer.

Every employer would like to know that the would-be employee had already and seriously immersed himself to the laws governing BIR’s tax mapping, inventory-taking, surveillance, tax evasion strategies, audit and investigation and deficiency tax assessments. When he sees that the latter had already undergone special seminar/course/training in the said field, the chance of being employed and getting the desired salary rate is within grasp.

The employer may see this as a substantial cash saving for him because he would no longer send the chosen employee to a tax training/seminar to understand the rules governing his business operations and the ratio of preparing a wrong and irrelevant report (in which a fine is imposable) that would be submitted to the BIR would be sufficiently addressed.

For all students who are graduating this year or graduated last year, MCM Trust Fund has a special offer to all of you. It would substantially reduce your investment fee if you would place your name, mobile and email address at the comment portion of this post. So that if there would be enough numbers to be taught about the rules governing the business of taxation, you would be properly informed.

Contact details:

Rico Colayco
0917 540 4629

Juliet
0998 979 3922