What Is Management Accounting? A Practical Guide for Filipino Business Owners
Compliance is Different from Being Strategic Every month or quarter, you mostly have a meeting with your bookkeeper or accountant, sign or agree to some reports, file your taxes and other compliance dues, and just quickly move on. But has there been an instance where you ask yourself: Do these reports actually help me in […]
A Simple Guide on One-Time Tax Abatement for Micro-Taxpayers
A Tax Relief is Here for Micro-Taxpayers! Probably, you are wondering right now about those unsettled tax issues that you have with the Bureau of Internal Revenue (BIR). Maybe it is a delinquent account from a few years ago, an assessment notice you just recently received, or processing your business that has stopped its operations […]
Things You Need to Know: Crypto-Asset Related Framework in the Philippines
In case you are a trader of crypto, like Bitcoin, Ethereum, NFTs, and other forms of cryptocurrency, there’s something you need to know. Starting in 2028, the Philippines will begin sharing its crypto transaction data with tax authorities around the globe. Definitely, this is a real shift in how crypto will be taxed in the […]
How To Get Your Philippine Tax Identification Number Online
As you go through the processing of common circumstances in your life, such as opening a bank account, starting your own business, applying for a loan, or simply landing your first job, you will definitely need a government-issued ID. One of the most fundamental ID’s that you will ever have is called Tax Identification Number […]
Your Simple Guide to Understanding the Accounting Cycle
Running a business can sometimes be confusing, especially if you are a one-man army handling the operations. Indeed, you collect payments, pay your suppliers, cover the rent and utilities, & hire an accountant for your taxes. Month after month, the numbers and documents pile up, and somewhere in those piles is information that either the […]
The Audit Process Explained: A Practical Guide for MSME Owners
The Audit Myth For many business owners, the word “audit” triggers immediate anxiety. The common assumption is that audits are about catching fraud, exposing weaknesses, or triggering penalties large enough to threaten everything you have built. If you are a Filipino MSME owner feeling this way, you are not alone – especially if the word […]
Your Easy Guide to Documentary Stamp Tax in the Philippines
As you draft the lease for your new store, finalize a business loan, or issue shares to new investors, you might think that it is just a simple signing of documents and filing them right away. But, there is one tax obligation that quietly risks many Micro, Small, and Medium Enterprises (MSMEs), making most business […]
Cash or Accrual Accounting? Here’s How to Decide
Picture this: you just closed your best sales month yet — invoices sent, deals signed. But when you check your bank account, it barely shows a profit. Or worse, you sit down with a prospective investor and realize your financial statements do not reflect your business’s true health. This is what happens when a business […]
Everything You Need to Know About the Philippine Capital Gains Tax
As an investor, profits are the goal — whether selling shares of stocks in a private company or disposing of a property at a higher value. But the moment these gains are realized, the government takes its cut in the form of Capital Gains Tax (CGT). Thus, many Filipino investors, especially beginners, are unsure how […]
Insights from SaaStr AI Annual 2026: Every Business Is Now an AI Business
By Concordio S. Quisaot, CPA I only had two days to attend the SaaStr AI Annual 2026 in San Mateo, California. It was an event attended by over 10,000 people and led by more than 250 speakers. I had no VIP access and no curated itinerary — just a deliberate decision to skip the sessions […]
In-House vs. Outsourced Accounting: What You Need to Know
As a startup owner, your focus should be on building your business — not chasing receipts, monitoring deadlines, and payroll computations. Yet for Micro, Small, and Medium Enterprises (MSMEs) in the Philippines, accounting is one of the most mishandled aspects of running a business. The question eventually comes for every MSME owner: “Should I hire […]
Your Quick Guide to the Financial Rehabilitation & Insolvency Act
Building a business means navigating tax requirements, managing payroll, juggling clients, and keeping operations running through uncertainties. But what happens when debt becomes unmanageable? It is stressful when creditors are knocking, and cash flow is tight. Many Filipino entrepreneurs are unaware that a law exists specifically to support them in such situations – one designed […]
Consumer Protection Act: Rights That You Must Know
Are You Aware of Your Rights as A Buyer? Every day, Filipinos spend billions of pesos on goods and services — groceries, gadgets, online purchases, salon visits, and more. Yet few of us actually know our rights when a product turns out defective, a service falls short, or a refund is wrongly denied. Moreover, if […]
Understanding Estate Tax in the Philippines: A Simple Guide
Inheriting property from a parent or grandparent is a meaningful benefit – but before title can be transferred to an heir, one compliance must be addressed first: the Estate Tax. It is also one of the most commonly overlooked topics in estate planning. Without proper understanding and preparation, families risk unnecessary delays, penalties, and legal […]
What MSMEs Need to Consider in Scaling Their Business
Imagine your nearby sari-sari store competitor just hit their first ₱3 million in annual revenue. Congratulations to them, because they have just triggered a whole new set of compliance requirements. Many Filipino Micro, Small, and Medium Enterprise (MSMEs) owners are on the verge of growth: more customers, higher income, bigger ambitions. What they often miss […]
Management Service Fees: The Most Challenged Area in Transfer Pricing
Does your business pay management fees to a foreign affiliate or the other way around? Well, a Bureau of Internal Revenue audit would not just be a “maybe” anymore — it is a matter of when. Across all forms of related-party transactions with regard to transfer pricing, management service fees stand out as the most […]
Lunch and Learn: What You Need to Know on AI in Accounting
The accounting profession is evolving fast, and those who don’t adapt risk being left behind. At the recent “Lunch and Learn: AI in Accounting” event, accounting and business professionals gathered around one clear message: Artificial Intelligence is no longer optional. Hosted by Babylon2k’s trusted partners, UHY M.L. Aguirre & Co., CPAs, and WorkSync Opium Solutions […]
Bill to Abolish Travel Tax Started: What You Need to Know
Are you tired of paying extra fees every time you book an international flight? Here’s what you need to know. On March 16, the House of Representatives voted to abolish the travel tax, with 257 lawmakers approving House Bill No. 8464. If passed into law, this would eliminate a long-standing fee that travelers currently pay […]
13th Foreign Investment Negative List: A Guide for Foreign Investors
On April 13, 2026, President Ferdinand Marcos, Jr. signed the 13th Regular Foreign Investment Negative List (RFINL), updating the regulatory framework for foreign ownership limitations in the Philippines. Foreign investors — whether forming a new entity, entering a joint venture, or expanding existing operations – should familiarize themselves with its provisions. Why is there a […]
Peso Pressure and Profit Planning: Inflation in the Philippines
Every time the Philippine peso weakens against the US dollar, the strain on Filipino consumers and businesses deepens. Fuel surcharges climb, import costs rise, and invoices swell; many business owners only feel the full impact later, when their cash flow statement tells a story no one wanted to read. As of March 2026, the Philippine […]