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.

Tax

File & Pay Taxes Anywhere! New EOPT Regulations Simplify Tax Compliance

EOPT Alert: Our digest on the recently issued RR 4-2024 on filing and paying taxes anywhere Introduction: Great news for Filipino taxpayers! The Bureau of Internal Revenue (BIR) recently issued Revenue Regulations No. 4-2024, implementing key provisions of the Ease of Paying Taxes (EOPT) Act. This translates to more straightforward

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Tax

Top 7 Impactful Things You Should Know About RR 3-2024

New Rules for VAT & Percentage Tax (A.K.A. EOPT’s VAT and Percentage Tax Timely Amendments) “As the deadline for VAT filing approaches, embracing Revenue Regulation (RR) No. 3-2024 is not just compliance, it’s strategic business acumen,” says a leading accountant. RR No. 3-2024 simplifies and modernizes VAT and Percentage Tax

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5 Benefits of Outsourcing Accounting in the Philippines
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5 Benefits of Outsourcing Accounting in the Philippines

Today, more businesses are choosing to outsource their finance and accounting tasks to specialized third-party services instead of handling them in-house. This shift comes with numerous benefits, including cost savings, access to global expertise, and improved efficiency and scalability. The Philippines, in particular, has emerged as one of the top

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Navigating eCommerce Taxes_ What Online Businesses Need to Know
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Navigating eCommerce Taxes: What Online Businesses Need to Know

Navigating the intricacies of eCommerce taxes is a must for online businesses, as they are still obliged to fulfill their financial obligations just like any traditional brick-and-mortar establishment. Non-compliance with tax laws can lead to significant legal issues and financial penalties, underscoring the importance of understanding and adhering to these regulations.However,

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How to Obtain a Barangay Permit for Your Small Business in 2024
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How to Obtain a Barangay Permit for Your Small Business in 2024

Getting a barangay permit is the first step to starting your small business right in 2024. It serves as your license to operate and do business in your area. However, getting a barangay permit can feel complicated and overwhelming, making many business owners unsure of where to start. In this

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