What Is The Purpose Of Bir Form 2303

[Miqueo Snyder]

Nomatter if you are a business, big or small, or a self-employed freelancer, Philippine laws require that for your company to operate, you need a registration certificate from the Bureau of Internal Revenue (BIR). This BIR Certificate of Registration (COR) is also referred to as BIR Form 2303 and is the document that proves you have been given the legal rights to operate your business in the Philippines.

The BIR Certificate of Registration is a required document for all licensed professionals who have been granted a license under the Philippine Regulatory Commission, non-licensed professionals like freelancers or individuals with alternative digital careers like social media influencers, partnerships, sole proprietorships, cooperatives, and corporations. Additionally, this certificate grants partnerships, corporations, and cooperatives a Tax Identification Number (TIN). This will also indicate the kind of taxes you will have to pay come financial year-end.

If you are starting small, you may not need to feel the urgent need to register your business, and understandably so, as it can be a time-consuming and costly process. However, legitimizing your business by registering it with the BIR will open more doors for you as a business owner or freelancer.

For example, some corporation prefer to work with small companies or freelancers with official receipts because they need those documents for their own records and tax filing. More importantly, financial institutions need to see your registration documents and other pertinent records to grant you a loan. Without these proper certificates, you will have a hard time expanding your operations.

Moreover, the right documentation will make them feel more confident when it comes to making purchases or requesting services from you. Operations without these proper documents on display appear shady and not worthy of trust. The same goes for online sellers, which is why the BIR currently requires all ecommerce stores to register and the said move comes with government benefits.

Once your business is legitimized, more opportunities open up in terms of advertising. You will feel much more confident to market your goods and services if your company is granted legal rights to operate. You can then set up web campaigns, ad campaigns and participate in other forms of marketing that would require your business to first be a certified one, like television commercials, newspaper ads, and billboard ads.

Additionally, big-time clients, like those reaching out for you to be a supplier or partner merchant, will require you to submit a copy of your certificate of registration to confirm if you are a legit business.

Moreover, having a legit business instead of operating under an informal economy will protect you from legal troubles later on. Companies that do not register themselves with the BIR do end up paying fines and penalties for non-compliance.

We can help you secure the right documents, prepare the correct forms, and facilitate the whole process so you can sit back and relax. Take advantage of our free 30-minute consultation so we can get things rolling.

The Cardholder must successfully complete required training, and, upon completion of training, sign and accept the terms and conditions of the Purchasing Card Cardholder Agreement prior to receiving their Purchasing Card. Cardholders must also complete a biennial refresher training course in order to retain use of their Purchasing Cards.

All Purchasing Card transactions must be processed in accordance with University Procurement and Disbursement financial policies, the authorized buying method instructions listed in the Commodity Matrix.

The standard Purchasing Card monthly spend limit is $4,999.00. The standard single transaction limit is $1,000.00. Requests to increase the standard spend or transaction limit must include an explanation of the business purpose for the request and must be approved by the appropriate Senior Financial Officer. The request must then be forwarded to the Chief Procurement Officer (or designee) for final review and approval. Requests to increase the standard spend or transaction limit must be submitted via email using the online form. To request a single transaction exception limit for one time use, please submit a properly completed Purchasing card single transaction exception request. To request a permanent monthly/single (not to exceed $4,999) spending limit increase, please submit a properly completed Purchasing card monthly spend limit exception request. This form can also be used for a temporary monthly increase.

All Purchasing Card transactions must be made for the sole use and benefit of the University of Pennsylvania. Personal purchases are not permitted under any circumstances as per the terms and conditions of the Cardholder Agreement.

Procurement Services is authorized to review Purchasing Card purchasing activity to ensure compliance with this policy. Procurement Services is authorized to suspend the Purchasing Card privileges of any Cardholder who is deemed to be in violation of this policy.

Violation of this policy and/or the duties and responsibilities listed in the Purchasing Card Training program will result in further action by the Dean, Director, or School or Center Senior Financial Officer in accordance with the University of Pennsylvania Human Resources policies.

Self-confidence is considered one of the most influential motivators and regulators of behavior in people's everyday lives (Bandura, 1986). A growing body of evidence suggests that one's perception of ability or self-confidence is the central mediating construct of achievement strivings (e.g., Bandura, 1977; Ericsson et al., 1993; Harter, 1978; Kuhl, 1992; Nicholls, 1984). Ericsson and his colleagues have taken the position that the major influence in the acquisition of expert performance is the confidence and motivation to persist in deliberate practice for a minimum of 10 years.

Self-confidence is not a motivational perspective by itself. It is a judgment about capabilities for accomplishment of some goal, and, therefore, must be considered within a broader conceptualization of motivation that provides the goal context. Kanfer (1990a) provides an example of one cognitively based framework of motivation for such a discussion. She suggests that motivation is composed of two components: goal choice and self-regulation. Self-regulation, in turn, consists of three related sets of activities: self-monitoring, self-evaluation, and self-reactions. Self-monitoring provides information about current performance, which is then evaluated by comparing that performance with one's goal. The comparison between performance and goal results in two distinct types of self-reactions: self-satisfaction or -dissatisfaction and self-confidence expectations. Satisfaction or dissatisfaction is an affective response to past actions; self-confidence expectations are judgments about one's future capabilities to attain one's goal. This framework allows a discussion of self-confidence as it relates to a number of motivational processes, including setting goals and causal attributions.

One theoretical perspective of self-confidence that fits well in Kanfer's (1990b) framework of motivation and has particular relevance to enhancing self-confidence in a variety of domains of psychosocial functioning is self-efficacy theory (Bandura, 1977, 1986). Self-efficacy theory is also useful in guiding the development of motivational programs because self-beliefs of confidence operate in most of the approaches to cognitive theories of motivation, particularly goal-setting theory and attribution theory (Bandura, 1990).

This chapter provides an overview of the self-efficacy concept of self-confidence and its relationship to other cognitively based motivational processes that influence learning and performance; it does not attempt to integrate the different theories of motivation that incorporate self-confidence constructs. (For summaries and comparisons of cognitive theories of motivation, see Frese and Sabini, 1985; Halisch and Kuhl, 1987; Kanfer, 1990b; Pervin, 1989.) We first define self-confidence and related concepts. Next, an overview of self-efficacy theory is given, along with a review of the relevant research. The third section covers applications of techniques for enhancing self-confidence. Lastly, we note the research questions that follow from what is currently known.

Terms such as "self-confidence," "self-efficacy," "perceived ability," and "perceived competence" have been used to describe a person's perceived capability to accomplish a certain level of performance. Bandura (1977) uses the term "self-efficacy" to describe the belief one has in being able to execute a specific task successfully (e.g., solving a math problem) in order to obtain a certain outcome (e.g., self-satisfaction or teacher recognition) and, thus, can be considered as situationally specific self-confidence.1 Self-efficacy is not concerned with an individual's skills, but, rather, with the judgments of what an individual can accomplish with those skills (Bandura, 1986). Bandura (1986, 1990) distinguishes between "self-efficacy" and "self-confidence": self-confidence refers to firmness or strength of belief but does not specify its direction; self-efficacy implies that a goal has been set. We do not adopt Bandura's distinction, but use the term "self-confidence" because it is more familiar to most individuals. "Self-confidence," as the term is used here, is the belief that one can successfully execute a specific activity, rather than a global trait that accounts for overall performance optimism. For example, one may have a lot of self-confidence in one's ability at golf but very little self-confidence in one's tennis skills.

"Perceived competence" and "perceived ability" are terms that have been used in the research literature on achievement and mastery motivation. They indicate the perception that one has the ability to master a task resulting from cumulative interactions with the environment (Harter, 1981; Nicholls,

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