Input VAT Refund in the Philippines: The Effect of CREATE MORE
As the Republic Act 12066, or the CREATE MORE law, has become effective, some businessmen—especially those who have VAT Zero-rated sales, such as Philippine exporters, freelancers, or micro, small, and medium enterprises (MSMEs)- have seemingly misinterpreted that the Act has repealed or removed the Input VAT Refund. Some business owners are already writing off their […]
SONA 2026: Business Updates You Should Know
Every year, the State of the Nation Address (SONA) forecasts how the Philippine economy will take its next steps, and this year was indeed a notable one. With President Marcos Jr. delivering his 5th SONA last July 27, 2026, there are several agendas that surely have an impact on every Filipino business owner, whether they […]
Why Red Tape Still Slows MSMEs Down in the Philippines
Even after eight years have passed since the Ease of Doing Business and the Efficient Government Service Delivery Act of 2018 took effect to fix the red-tape issues—many business owners will tell you the same thing: whether you register, renew, or close your business in the Philippines, it would not feel like a “one-stop” process […]
Guardians of Trust: Insights from the Mid-Year Motivational Talk 2026
“The numbers do not lie, but the people behind them can choose whether or not to tell the truth.” That is the quiet tension every accountant, auditor, tax expert, and business advisor faces every single day — and it is exactly what was tackled with Babylon2k’s esteemed partner, UHY M.L. Aguirre & Co., CPAs (UHYMAC), […]
Excess CWT Refund Made Simple: A Step-by-Step Guide for Businesses
Every taxable year, numerous businesses in the Philippines tend to overpay their income tax through the means of withholding. The common unfortunate thing is that you may never see those overpayments because you do not know how to claim them back. Worry less, for the Bureau of Internal Revenue has laid out Revenue Memorandum Order […]
Pax Silica in the Philippines: Things Businesses Should Know
A New Economic Zone is Reshaping the Philippine Business Landscape A few days ago, you must have heard of Pax Silica, and you got here to look for reference on what it has to do with our economy and other factors. Indeed, it is a story you cannot really afford to ignore. Tracing back to […]
Free Bank Transfer Fees? Here’s What You Need to Know about the BSP Memo
Probably a few days ago, you noticed something different: from the news on social media platforms or upon checking your own bank account as you try to send money via InstaPay — suddenly, the majority of Philippine banks have waived the transfer fee. Truly, it is somewhat driving people’s curiosity, as it has lingered for […]
PDIC Law in the Philippines: What Every Depositor Should Know
Have you ever imagined that your trusted bank has been ordered closed by regulatory bodies such as the Bangko Sentral ng Pilipinas? It may seem unlikely, but it’s still a risk you need to consider. Say less, as this is where the Philippine Deposit Insurance Corporation (PDIC) steps in. Whether you are a private employee, […]
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 […]