Reducing over deductions of taxes withheld projects through effective system of coordination

Date of Publication

2017

Document Type

Master's Thesis

Degree Name

Master of Business Administration

College

Ramon V. Del Rosario College of Business

Department/Unit

Decision Sciences and Innovation

Thesis Adviser

Rachel A. Quero

Defense Panel Chair

Divina M. Edralin
Maria Victoria P. Tibon

Defense Panel Member

Jaime T. Cempron
Paz Esperanza T. Poblador
Brian C. Gozun

Abstract/Summary

Assistco Energy and Industrial Corporation (AEIC) is an industrial company engaged in the manufacturing of refractory materials and services on the installation of supplied products. In this company, I work as an Internal Auditor and the Head of Project Accountants. Starting from the year 2012 until 2015 the company reports shows that AEIC was suffering from the yearly significant amount of over deductions of taxes withheld from project site employees. This over deductions of taxes withheld became the liability of the Company every year that was paid and distributed to the project site employees in the form of tax refund. The main objective of this study is to improve the coordination of the Project Accountant and their activities. In this study, the spirals of action research as the research design was used as the methodology and the conceptual framework used was Henry Mintzbergs Prime Coordinating Mechanisms. In Cycle 1 of the action research, the issue of lack of coordination among the Project Accountants and their activities was addressed by establishing coordinating mechanisms such as enhancing communication, assigning a coordinator, setting goals, and role clarification. Although positive changes transpired in the coordination of the Project Accountants, the set monthly target for over deductions of taxes with held projects was not achieved. This was because the monthly updates on the change of civil status of the project site employees was not coordinated. This had an impact on the movement of the project site employees personal and additional exemptions necessary for the computation of their taxes withheld. As such, in Cycle 2 of the action research, the succeeding intervention was the coordination of monthly updates on the change of civil status of the project site employees from the HR Supervisor.

Abstract Format

html

Language

English

Format

Electronic

Accession Number

CDTG007242

Shelf Location

Archives, The Learning Commons, 12F Henry Sy Sr. Hall

Physical Description

1 computer disc ; 4 3/4 inches

Keywords

Taxation; Tax deductions; Assistco Energy and Industrial Corporation

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