BABYLON2K CHRONICLES
Audit Trails and Financial Tales
Welcome to a realm where numbers come to life, and financial tales weave a narrative that goes beyond the balance sheets, unlocking the secrets of Babylon2k’s financial universe.
How To Apply for a Pag Ibig Multi-Purpose Loan Online (MPL)
Applying for a Pag-IBIG Multi-Purpose Loan (MPL) has never been easier! Gone are the days of standing in long queues and navigating through piles of paperwork. Today, all you have to do is complete all the requirements and apply directly on Pag-IBIG’s official website. This streamlined online process allows you
Why Are Internal Controls Important for SMEs
“We’re Just a Small Business – Do We Really Need Internal Controls?” Picture this: Your trusted bookkeeper, who has been with your company for the past few years, has been internally siphoning funds through fake vendor transactions, or imagine you discovered that simple recording errors have compounded for more than
How the SEC’s 2026 REIT Rules Can Help Businesses Unlock Capital
A Flexible, Greater REIT Market is Finally Here On January 6, 2026, the Securities and Exchange Commission (SEC) recently released amendments to the Real Estate Investment Trust (REIT) rules, making it a potential game-changer for businesses in the Philippines to unlock better capital, diversify their assets, and expand faster. With
How to Minimize Taxes Legally: What Philippine Businesses Must Know
Every business owners want to reduce taxes, why? — primarily because taxes affect the cash flow, plans, and sustainability of operations. In the Philippines, there is a critical distinction between tax planning, tax avoidance, and tax evasion. Understanding these concepts can protect a business from penalties, tax disputes, and other
Payment to CARS Investors not Prioritized in FY 2026 PH Budget
When President Ferdinand Marcos Jr. signed the 2026 General Appropriations Act (Fiscal Budget), he vetoed more than ₱92.5 billion in unprogrammed appropriations — funds that may be released only when specific conditions are met, such as excess revenues, new revenue sources, or additional borrowings beyond original projections. What Was Included
The True Cost of Non-Compliance: Why Penalties Are More Expensive Than Professional Fees
Some business owners believe that delaying accounting or compliance support saves money. Monthly retainers, consultation fees, and audit costs can feel like avoidable expenses, especially for start-ups and growing Small and Medium Enterprises (SMEs) managing tight cash flow. However, this stance often creates a dangerous blind spot. In reality, non-compliance
SEC’s New Beneficial Ownership Rules Take Effect in 2026
Following the previous push for stronger transparency, the Securities and Exchange Commission has officially released a memorandum for Beneficial Ownership (BO) Rules effective on January 1, 2026. With the issuance of SEC Memorandum Circular No. 15, series of 2025, the Commission has critically made a shift as to how entities