January is an Expensive Month of the Year for Business Owners

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The month of January, is the most expensive month for me and maybe for many business owners.   It is the month where I have to renew my motorcycle license, business permit and license, pay the last quarter of percentage tax and pay the income tax.  My mother had told me not to renew the business license anymore, because it isn’t doing well after all the dealers failed to pay their dues, my biggest dealer had lost it.   I told her I can’t because it will be a lot of work to close it in the tax office.

My aunt and the other people who owned small stores in the neighborhood have been busy getting business permits these days, while the others are wondering how to get it since their business income isn’t sufficient, it turns out the store owners were asked to get licenses, register at tax office and get business certificates after they were called in the barangay a few weeks ago for a meeting, my mother had not told me about the meeting, because she said I already have complete permits.

Money, Bills, Calculator, Save, Savings, Taxes

[Photo courtesy of jarmoluk/pixabay.com]

Today, even a small store needs a permit to do a business. Well,  I am not yet working with the renewals, maybe next week when I collected all my shackles, I have asked payment from a dealer the other day, but she just waved her hand, saying that she has no money to pay (epic). The other one had promised to pay before Christmas, but New Year had passed I am not seeing her shadow yet,  the other dealer I brought to barangay court didn’t show up anymore after paying partially, with this problems, I stopped transacting with dealers and just let my mother accept orders from our neighbors, I will do business again when everything is settled.

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