Easing T.A.X. Habits

When several international accounting networks rejected the firm's international inclusion anew in 2011, Aguirre thought it would be best first to undergo a profound soul-searching journey that may l ead him to an epiphany. And it did. The Firm was finally admitted to an international network in 2012, an esteemed network that caters to a circle of lawyers and accountants. Unbeknownst to him then, that membership turned the tide upon the firm, finally giving it a chance to be affiliated with one of the most reputable auditing networks across the globe– UHY International.

Having attended The Secret/ Law of Attraction conference of famed Chicken Soup for the Soul author and self-help master Jack Canfield in Manila, and the Breakthrough Summit in Arizona, USA, helped Aguirre organize his vision board and firm up his plans.

Thus, it's safe to say that part of Babylon2k's conceptualization process originated from an exercise during the Breakthrough Summit wherein Aguirre was asked to come up with a 'big hairy audacious goal.' What he came up with had all the ingredients to challenge the status quo on doing business support in the Philippines..

In a span of five years, Aguirre earned his Masters of Science and Taxation (MST) at Golden Gate University in San Francisco and had been traveling back and forth from the US, Europe, and the Middle East, and Asia. Simultaneously, the visionary started polishing blueprints for Babylon2k and nurtured confidence to launch the platform in 2018.

However, rejection is as constant as change in any industry, and Aguirre found out the hard way. After launching Babylon2k's first foray into the digital space with a sole practitioner, it immediately failed to catapult the platform into realizing his dream to be an industry game-changer.

Aguirre started tweaking plans for the 2nd phase of development, hiring more experts into his team, consulting other experts, and meticulously applying what he had learned from past failures and rejections.

By 2021, the platform is ready to stake its claim as a trailblazer in accounting and doing business innovation.

Babylon2k is a breakthrough digital platform that creates ease in doing business and innovations in accounting services– best done by pointing out key points in the country's current economic landscape.

The Philippines' local businesses remain challenged in getting access to efficient doing- business support (DBS). The present inequalities caused by the control and monopoly of such services by a small number of providers tend to spike costs. And since access to DBS services confines itself in the country's central business districts, an imbalance in earning opportunities for non-metropolitan areas is created. Furthermore, inefficiencies in such DBS services also pave the way to even more considerable expenses for such incidentals as travel, accommodations, and per diem allowances, making it more difficult for smaller businesses to operate.

Clearly, there's a need to equalize access to DBS services by making the industry more competitive across the country. This way, other players with innovative DBS solutions can likewise level the playing field among enterprises regardless of scale or location.

Then there's also the impasse in local employment for professional accounting specialists and certified public accountants. Today, over 3 million Filipinos are still looking for stable employment. This figure includes a percentage of the estimated total of 200,000 certified public accountants in the country.

Despite two key insights:

First– that there's a growing need amongst private sectors to gain access towards more scalable and efficient doing business services; and

Second– the accounting profession remains one of the most sought after university courses in the Philippines, with over 7,000 graduates per year– bridging the gap between the delivery of improved services and democratizing new channels of opportunity for employment, consumerism, and compliance remains a massive challenge within the industry.

One pioneering digital platform, Babylon2k.org, took on the challenge to scale DBS savings up to 75% on the 5th of March, 2021.

Babylon2k.org is born from the same think tank behind The Institute for Leadership, Entrepreneurship , and Development or i-LEAD– a consultancy and resource center that aims to strengthen the country's institutions through strategic policy frameworks and continuous professional training.

On its road to being the top-of-mind platform that centers on the ease of doing business and tax habits for local and international clients and home to over 1 million global accountants, Babylon2k.org continues to revolutionize the country's accounting industry.

The platform's breakthrough features streamlines multiple facets that include accounting partnerships, progress monitoring, customer support, job completion, quality assurance, and feedback engagement for a seamless workflow that delivers cost-efficient results at quicker turnarounds.

Babylon2k.org's foray into the vast digital space leverages on integrating innovative solutions with ease of doing business expertise while anchoring on its three-prong approach:

• To provide businesses across the country with efficient DBS;
• Create equal opportunities in both employment, education, and career advancement for the country's professional accounting specialists and CPAs; and
• Empower every taxpayer via the Philippine self-assessment tax system (SATS).

Today, Babylon2k.org has established itself as an industry game-changer by allowing every stakeholder– from client to accounting specialist, not only to benefit from its services but also become valuable actors in its continuous improvement and evolution.


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About Babylon

We are your ease of doing business support gateway!

Babylon2K is a revolutionary ease-of-doing-business platform developed out of the dire need to provide efficient accounting services for the country's nearly one million registered businesses.

Sharing a fundamental passion for showcasing the Filipino's proficiency and excellent command of numbers, we fuel entrepreneurial and professional progress and development for our clients from various niche industries. The offshoot we take pride in is extending better career opportunities for the country's CPAs of good standing. And since our team of specialists is remotely sourced all over the country, we guarantee a streamlined and cost-efficient delivery of services complemented by curated reports meticulously reviewed by our competent administrative support and quality control teams.

Babylon2K anchors its values on the mutual pursuit of bridging the gap between available online accounting services and the need of businesses at any scale for cost-efficient support. By introducing a decentralized innovation in the digital space, we achieve stress-free tax compliance, accounting, auditing, outsourcing, and reporting for businesses. In the process, we have made our mark as an authority in discovering holistic economic insights for those who seek sound financial advice and the business community as a whole.

We believe that business evolution is inevitable. Our surefire solution is to weather the disruptions and barriers by constantly sharing our expertise and industry acumen with our valued clients and specialists while providing unparalleled services and professional possibilities.

As we continue to grow our ecosystem of seasoned auditors and practitioners, developers, and loyal clientele, Babylon2K is poised to make more significant strides in building win-win opportunities for Filipino CPAs and entrepreneurs.

Our subsequent trajectory– is to cross borders all over Southeast Asia and engrave the Babylon2K brand of quality services.

Be part of the Babylon2K ecosystem and experience better business management now!