Your domestic staff will expect a Christmas Bonus or Aguinaldo before December 20th of each year. How do you calculate that, you ask? You can download this spreadsheet, input the required information in the blue boxes and voila! It will auto-calculate an estimate for you.
We highly recommend that your staff sign to acknowledge payment for each year, as you may be held accountable for past years at the time of severance.
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Disclaimer: You must not rely on the information in the report as an alternative to legal or accountancy advice from an appropriately qualified professional. If you have any specific questions about any legal or accountancy matters, you should consult an appropriately qualified professional. If you choose to use this spreadsheet, we will not be held liable in respect of any special, indirect or consequential loss or miscalculation.