Event Coverage

Taxumo launches online tax filing and payment platform

By Nestor Domingo Jr - 24 Jul 2017

Taxumo launches online tax filing and payment platform

Photo from Taxumo

Taxumo, an online application providing do-it-yourself tax assistance, has been launched on Thursday at Commune Bar and Café in Makati City.

The platform was made as aid to solo entrepreneurs, self-professionals, and freelancers who suffer the most in keeping up with their taxes. On top of that, it takes around 186 hours to follow tax payments in the Philippines, according to the recent study by PwC and the World Bank titled “Paying Taxes 2017.”

Through Taxumo, users only need to put in their income and expenses, and the system will compute their tax dues immediately and real time. That includes their monthly percentage sales tax (2551M), quarterly income tax (1701Q), and annual income taxes (1701). In addition, Taxumo features their simple and easy-to-understand dashboard which reminds them when they need to pay as well as the hassle-free process of doing so.

So that saves them time and possible troubles of going to the BIR office or bank just to pay their dues.

“We know how it feels to stress about taxes, since we experienced it firsthand,” says EJ Arboleda, founder and chief executive officer of Taxumo.  “My wife and Taxumo co-founder Ginger Arboleda used to worry all the time about paying her taxes for her other startup, Manila Workshops. Because I wanted to help her, I created a simple application that ran on her computer. It was enough though to remove a huge bulk of the stress and enable her to focus and grow Manila Workshops. Then we thought, imagine how many people could enjoy something like this! This grain of an idea became bigger and evolved into the Taxumo we have today.”

 

Two of the co-founders of Taxumo, COO Ginger Arboleda and CEO EJ Arboleda (Photo from Taxumo)

Taxumo Marketing Officer Evan Tan (Photo from Taxumo)

Taxumo comes with a two subscription plans that are very accessible: Basic and Premium.

The Basic plan comes in two tiers: the Monthly (costs Php 1,295 per month) and Annual Tier (billed as a one-time payment of Php 4,495). The feature allows you to track your income and expenses, check your withholding taxes (2307), and file your 2551M (monthly percentage taxes) as well as your 1701Q (quarterly income taxes). Also, you can delegate access to other people using this plan.

With the Premium plan, you get every feature included in the Basic plan, plus the capability to file your annual income tax returns (1701). It is charged as one-time payment of Php 9,495 and has an average cost of Php 375 per month.

“We designed Taxumo to help every solopreneur, self-employed professional, and freelancer. With our affordable subscription plans which enables access to the many features on the platform, we hope everyone can begin to focus more on their passion and worry less about their taxes,” added Arboleda.

Taxumo can be accessed by logging into the website www.taxumo.com.