5.16.2025 DEAD BROKE now.. detailed version why?

 

5.16.2025

DEAD BROKE now.. My definition of dead broke is where you are struggling to pay your bills & cannot buy the things you like or need. Based on my records, i can buy whatever i want or need in 2012-2022

i am self-reflecting why?

Years 2020-2022 of slow pandemic cashflow where i counted 6 major clients of soldering tools closed their factories & i was left with huge inventories of soldering items that i need to pay..

Our weak collection system where many of our items left unpaid

plus Failure of some small business ventures outside of soldering business depleted my reserves in 2022..

But it only depleted my reserves.. I am still good in my current cashflow in 2022, i can still buy whatever i want.. but pag talagang minamalas ka, kung kelan pandemic parin BIR garnished or freeze our bank account in Dec 2022, finally cripling our cashflow

it as a Bookkeeping mistakes in the 2019 sales that was audited by BIR during the pandemic, then nagsubmit ako ng mga files, then sabi ng nagaudit oks na daw, but then boom bigla nila nilabas yung huge penalty & freeze our bank account cripling our cashflow..

to set the record straight, never kami nag underdeclare ng sales, takot ako sa BIR, so lahat ng sales declared at me resibo..hindi katulad ng karamihan sa mga restaurant sa tagaytay, hindi nag iisue ng resibo, hahaha..

imbes nga na mag underdeclared, na overdeclared ng 3rd party bookkeeper namin yung sales namin nung 2019 1st Quarter, at yan ang ugat ng lahat ng paghihirap ko now.

cashflow is the bloodline of any business, without it your dead.. & that finally "killed" me, & make me broke

so 2023, 2024 , & up to now 2025 im still broke, I only survive due to the generorisity of my mother na nagpautang sa akin, & the long patience & support of our principal /suppliers from abroad specially boss albert, boss brian & boss terence, where they still suppport us with the delivery of the items ,

& they just say - " we understand you ferdi, you just pay after the clients pay & you have the money" , we are confident you can still turn aroun & improve the business in the next few years

for this i am grateful, hindi ko kayo bibiguin mga boss!

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BIR san pablo im pleading you with all my life, please give me back my life... ano po kaya status ng compromise penalty?