Modern Business Accounting In The Age of Wi-Fi

By: Michael ‘Mhike’ Aguirre

"The species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself."

Nothing quite correctly sums up what is currently happening in today's global business vis-a-vis the need for digital transformation than what the Father of Evolution, Charles Darwin, stated in one of his timeless lectures. The same idea goes for how today's brand of accounting can serve modern businesses in the age of Wi-Fi and the internet.

The need for easily accessible accounting services has been on every entrepreneur's wishlist for years. Fortunately, Our foresight was in tune with the current global shift into digital transformation, which paved the way for BABYLON2K.org. Launched on March 5, 2021, our online intermediary accounting services brainchild now allows our roster of accounting professionals to accommodate the ease of doing business needs of the country's businesses.

Via online booking and service payment systems set at lower costs, we at BABYLON2K provide clients with physical inventory counts and accounting services while engaging available CPAs from all over the country, which in turn, promotes better job security in the accounting industry.

Augmented by our specialists, my initial firm, UHY M.L. Aguirre and Co., CPAs, was born out of a paper I conceptualized while studying as a scholar at the Ateneo Graduate School of Business. The paper eventually transitioned into a full-fledged company in 2006, providing accounting, auditing, licensing, tax, and other differentiated services for global clients. Today, UHY M.L. Aguirre and Co., CPAs is one of the most preferred firms for Tier 2 companies in the country that practices international accounting standards, with affiliations to over 100 member firms across the globe.

Further aiming to revolutionize the world of global accounting through dedicated remote and online features, we have created the BABYLON2K platform to provide more convenient access to our firm's top-notch services. The platform's positive offshoot eventually helped us generate more income opportunities for countryside CPAs suited for specific accounting tasks based on our client's individual needs and criteria.

If you have efficient accountants helping you, the benefits can range from having the leverage to acquire loans through your bank records to presenting your financial reports to potential investors for more business opportunities.

BABYLON2K envisions to open multiple avenues of opportunity for all of our concerned stakeholders that require expert accounting services via a single integrated and versatile online marketplace. As more people move towards 100% digitalization, our BABYLON2K platform is well abreast of more promising developments in the accounting industry. This direction aligns us with our goal of being the home of over one million reliable CPAs worldwide willing to help cross-border businesses reach their goals through accounting best practices that are all conveniently available on our website.

BABYLON2K is proud to provide global entrepreneurs with 24/7 access to various accounting services. We offer a straightforward booking process where clients can track progress, payments (via Paypal or DragonPay, and UnionBank - Online Transfer, Check Deposit & USD Wire Remittance), and document archives while rating our pool of qualified CPAs and their scope of work. In a nutshell, it's a one-stop shop for accounting services that businesses can utilize remotely with just one easy sign-up, much like how the Grab app caters to everyone's transportation needs.

While BABYLON2K is only at the beginning of its digitalization chapter, our team intends to further expand our operations globally with the help of our strengthened network with UHY International and our other affiliates. Eventually, our consistent upward trajectory will help us realize the objective of rolling out to the ASEAN region with an estimated one million users.

In hindsight, everyone is bound to discover that the rule of today's business game is efficiency in records. When you enter a transaction in the BABYLON2K system, you instantly log a record and execute proper tracking for the long term. However you look at it, our digital system certainly beats searching through old and rusty filing cabinets for your worn-out physical invoices as tax season comes.

That's why digital transformation is essential to remain competitive in today's brand of business. Companies and professionals can only move forward if leaders rationalize available accounting services for more cost-efficient alternatives. Fortunately, we have already achieved that thanks to BABYLON2K, and all you have to do is reach out.

Learn more about how BABYLON2K can help you ease your tax habits and provide you with efficient accounting solutions now!

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About Mhike:

Michael 'Mhike' L. Aguirre has managed the accounting firm UHY M.L. Aguirre & Co., CPAs, since its inception in November 2006, and BABYLON2K.org, launched in 2021. He received his Master in Business Administration (MBA) from the Ateneo Graduate School of Business in 2006 and his Masters of Science in Taxation (with International Taxation as his Certification Program) at Golden Gate University, San Francisco, CA, USA, in 2019.

Mhike's career has led him to spearhead projects in foreign-funded projects and NGO operations in Vietnam, Laos, and Cambodia. He also performed numerous statutory and special audits on local and foreign corporations, consultancy engagements involving mergers and acquisitions (M&As), consolidations, receiverships, and rehabilitations.

He continued his audit practice in Manila in 2001 until he launched his own firm. Under his leadership, the firm has grown from an individual practice into a partnership that caters to multinationals, export-oriented companies, online gaming, "fintech," other digital intermediaries, and small and medium-sized enterprises.

Mhike also served as a faculty member of the University of Makati from 2009 to 2010, as a committee member for the Philippine Institute of Certified Public Accountants in 2015, and as the Committee Chair for Ethics and Governance of the Association of CPAs in Public Practice in 2016.