Looking at all our clothes, appliances, household utensils and furniture brings with it all sorts of emotions. And so the first thing that I had to let go of was my emotions. Because given the time constraints, I cannot waste precious moments lying around my recently acquired sofa nor can I idle around my new refrigerator. So I quickly listed all items for garage sale and sent the list to my friends via email. I also emailed most of my high school and college classmates who are now working as nurses in the US and asked for their advice which stuff is worth bringing and shipping and which ones will just end up in the US garage sale or sent back in a balikbayan box and therefore not worth the effort. I also contacted my freightforwarder in the importation business I am in and asked for a quotation for a one cubic meter seafreight cargo. This will contain roughly 7 medium size balikbayan boxes. The quote was less than $500. So I have decided to bring most of our old clothes, non-medical books, shoes, bags, dining and kitchen sets and only a few toys.
The cars will have to go as well. But we vowed that the money we will earn from the sale will be the same money that we will use to buy a second-hand car. Same goes for the earnings from the furniture and appliances... it will be used to buy for those appliances as well. We'll have to stick to the basics though since what we sold are a lot cheaper than what we are going to buy abroad.
Other things that we have to deal with is sending out indefinite leaves of absence from hospital affiliations and medical societies. I also learned from my accountant that we need to file Form 1905 or cessation of business from our medical practice from the BIR so we don't get charged with tax evasion. We just left our paper investments since the market is down anyway and no use actualizing the loss. But we have to consolidate our bank accounts into two accounts that are accessible online. That is BPI for me. Since the ATM card of BPI has the Cirrus/Maestro logo, that also means we can use our BPI ATM cards for international withdrawals with foreign currencies for a fee. In case of emergencies, then we can access through our local funds. Otherwise, we will try to keep all local funds intact.
We were also advised to bring as many documents as we can like NSO copies of birth certificates and marriage certificates, baptismal certificates and report cards of the children, transcript of records and diploma.
With all of these before me... I think it is about time I minimize my stay with the computer as well and get back to work.
The cars will have to go as well. But we vowed that the money we will earn from the sale will be the same money that we will use to buy a second-hand car. Same goes for the earnings from the furniture and appliances... it will be used to buy for those appliances as well. We'll have to stick to the basics though since what we sold are a lot cheaper than what we are going to buy abroad.
Other things that we have to deal with is sending out indefinite leaves of absence from hospital affiliations and medical societies. I also learned from my accountant that we need to file Form 1905 or cessation of business from our medical practice from the BIR so we don't get charged with tax evasion. We just left our paper investments since the market is down anyway and no use actualizing the loss. But we have to consolidate our bank accounts into two accounts that are accessible online. That is BPI for me. Since the ATM card of BPI has the Cirrus/Maestro logo, that also means we can use our BPI ATM cards for international withdrawals with foreign currencies for a fee. In case of emergencies, then we can access through our local funds. Otherwise, we will try to keep all local funds intact.
We were also advised to bring as many documents as we can like NSO copies of birth certificates and marriage certificates, baptismal certificates and report cards of the children, transcript of records and diploma.
With all of these before me... I think it is about time I minimize my stay with the computer as well and get back to work.
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