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NEWS AND EVENTS

MAC Targets SMEs in the Philippines

M.L. AGUIRRE & CO., CPAs (MAC) sees potential in the growth of the small and medium-scale enterprises (SMEs) in the Philippines. Small and medium enterprises start from P3 million (Euros 60,000) up to P100 million (Euros 2 million). SMEs represent 99.6% of all businesses registered in the country and employ 70% of the total workforce, according to the Bureau of Small and Medium Enterprise Development, a government agency, and these enterprises also account for 32% of the country’s gross domestic product. The country’s gross domestic product in 2011 was estimated at USD 227.6 billion (Euros 180 billion).

The potential of the SME sector lies in its failure to register, keep books, and pay taxes. SMEs also have limited access to organized markets, financing institutions, and learning centers. An accounting and consultancy firm that has the capability to serve the requirements of this huge market can reap significant dividends.

MAC is committed to providing immediate, relevant and reliable information systems to entrepreneurs in the SME market so that they realize optimum profitability and comply with statutory reporting requirements and taxation. It envisions itself to be a top challenger CPA firm, leveraging on its advisory expertise for SMEs, foundations, cooperatives, non-government organizations (NGOs), associations, funded projects, export-oriented, and non-stock- non-profit organizations.

Michael “Mike” L. Aguirre, MAC’s managing partner, underscores the mission of the Firm by saying that “Our thrust is helping and encouraging business owners and pillars of the organization to adopt sound internal controls and operating systems. This will allow them to grow to the next level. We believe that our personalized and value-added services will lead to long-term business relationships. We support business development at every step – from company inception to regional expansion. We plan to establish our own network in Asia to help our clients expand beyond our country’s borders. Presently, our Firm has an affiliated network in Malaysia. We intend to broaden this presence globally through further strategic linkages.”

MAC recognizes the importance of attracting and maintaining a staff of competent professionals. M. L Aguirre reminds his pool of more than thirty young and highly trained accountants, auditors and consultants that “opportunities abound here at MAC for professional growth and client advocacy. We provide a progressive working environment that is supportive, diverse and flexible. We care about our clients and our people. We are committed to a united partnership for Nation Building.”

M.L. Aguirre will enhance the Firm’s linkages by attending the IGAL international conference in Venice slated for October 24-28, 2012.