SGV Davao participates in Mentor Micro-Enterprises program

SGV Davao recently participated as a mentor in the Mentor Micro-Enterprises (Mentor ME) program of the Department of Trade and Industry – Region XI and the Philippine Center for Entrepreneurship, Inc.-Go Negosyo. The program aims to help micro, small and medium enterprises (MSMEs) in Davao through weekly coaching and mentoring by business owners and practitioners on different functional areas of entrepreneurship.

SGV Davao Tax Manager Aril Jay Allera, with assistance from Tax Senior Associates, talked about relevant taxation practices and laws, which include registration with the Bureau of Internal Revenue, income tax, business tax and value-added tax/percentage tax.

SGV Davao Assurance Partner Alvin Pinpin, accompanied by Associate Director Richard Saavedra and Associate Sharmaine Dianne Mamaed, discussed basic concepts of financial management, which include the time value of money, risk, costing and pricing, financial forecasting and financial analysis.

The mentors also had one-on-one mentoring sessions with micro entrepreneurs to discuss the application of the concepts to their individual business scenarios.