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.
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
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
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
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
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,
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