EY Ripples holds first-ever virtual business clinic

The EY Ripples Team in SGV conducted its first virtual business clinic last 26 November. Co-organized with Endeavor Philippines, the program oriented impact entrepreneurs on leading practices in tax and financial planning aimed to drive growth in their respective organizations. SGV Chairman and CMP Wilson Tan and Assurance Partner Christine Vallejo welcomed impact entrepreneurs from companies which are mostly engaged in the fintech, medical, personal care, real estate and business process outsourcing industries.

The title slides of the presentations of SCL and KMC at the EY Ripples Business Clinic

Strategy and Transactions (SaT) Partner Smith C. Lim (SCL) led a plenary session on managing finances and provided an overview of accounting and interpreting financial statements. He explained key performance indicators in financial planning and budgeting, emphasizing the importance of managing cash flow. Tax Partner Kaye Sta. Maria-Constantino (KMC) then discussed the salient provisions of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill and the latest BIR issuances on related-party transactions (BIR Form No. 1709). She also spoke on the BIR’s Voluntary Assessment and Payment Program (VAPP) for taxable year 2018. The plenary sessions were followed by group mentoring sessions in breakout rooms, where SaT, Assurance and Tax partners and managers addressed participants’ questions.

EY Ripples is a global corporate responsibility program that provides EY professionals with opportunities to use their knowledge, skills and experience to positively impact millions of lives by working with impact entrepreneurs and supporting the next generation to develop mindsets and skills to find and sustain meaningful work.