BETTER 2 KNOW
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.
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exporters, freelancers, or micro, small, and medium enterprises (MSMEs)- have seemingly misinterpreted that the Act has repealed or removed the Input VAT Refund.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
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
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
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.
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
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
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,
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
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