Soon we will be paying more for digital services, even internet identifier like domain names can be included, and that's a definitive VAT. In PH it's equivalent to 12%. Although, we still have to see invoice for domain names registration and renewal fees being added with VAT. You should be getting reminders from your local and international service providers to key-in your tax details, if you haven't yet done so. We must say, this is especially for those who had to directly acquire digital services with the source and not through local resellers. If you've been dealing with local resellers, your digital services may probably have been subjected with, and had added, VAT included in your payment ever since. You should be, but you have to check it. For online local retailers, you may have been VAT registered and paying your taxes with or without that digital tax. Don't take this as an advice and ascertain it with your accountant to be sure.
Global and local enterprises have all been impacted by the pandemic. The necessity to lay-off employees that is sudden is catastrophic. It is an important move to continue staying afloat, hold out longevity of cash positions and performing assets, and offering huge discounts despite limitations in business operation.
Question about reality of efficiency in organizations is more pronounced now than anytime before a crisis of vast proportion, this pandemic. True to almost everyone in business and working people nowadays. Fast turnover of employees is to a certain extent problematic.
Efficiency needs to answer truthfully about the widest contributions towards the entire organization. People at all levels are always affected by the loss of life or result of financial setbacks or diseases under these perilous situations.
Organizations' executives and management have been clamoring that data will enable them a solid evidence to push for the required decision-making which may happen quickly. Decisions can even be executed immediately. Data is based purely from people, and who collected themselves from their own accounts if not sourced from third-party. Purposeful data outcomes via artificial intelligence is also designed and setup, for now, and as usual by the majority in people.
The interpretation and presentation is another side of the integrity of data incarnation.
The IT practice is full of different area of individualized specialization for every single person, which time is full and has been used to be solely familiar on the product. That manner doesn't answer anything about organizations initiative for business goals. Not even have good enough understanding to the policy surrounding it.
How much more for making and accomplishing efficiency for the enterprise or entire organization?
IT teams whose job is in the same manner as expected here would make a great start. It is an important opportunity for the whole organization to be relentless and focused on their outcome and being mindful in the efficiency of their respective operations and that can be further enhanced with appropriate application and strategic handling of IT.
Do we need pandemic to reflect on and adjust for business efficiency? No.
Would business efficiency everywhere make dependable technical people more scarce for the small organizations? Shouldn't be.
Comments