Welcome to our in-depth review of Taxumo, a leading online tax compliance tool in the Philippines. In this review, we will provide you with a thorough breakdown of Taxumo's features, pricing, and alternatives, helping you make an informed decision on whether it's the right solution for your tax filing and payment needs. Whether you're a freelancer, self-employed professional, small business owner, or part of a corporation, Taxumo aims to simplify the tax compliance process and make it more convenient for you. Join us as we explore the services, pricing nuances, strengths, and potential drawbacks of Taxumo. Let's dive in!
Taxumo Review: What is Taxumo
Taxumo is an accredited online tax compliance tool in the Philippines that aims to make filing and paying taxes easier for individuals and corporations. Whether you're a freelancer, self-employed professional, small business owner, or part of a corporation, Taxumo offers a range of services to help you file and pay your taxes conveniently from anywhere and at any time.
Taxumo Review: How can it be used?
- Freelancers and Self-Employed Professionals: Taxumo provides plans specifically designed for freelancers and sole proprietors. These individuals can start for free or choose from affordable packages to manage their income and expenses, calculate their taxes in real-time, and file their tax forms effortlessly.
- Small Business Owners: Taxumo offers plans for non-VAT individuals who need to file more than just income tax forms. With features like unlimited filings for various tax forms, the preparation of attachments, and real-time tax calculation, small business owners can easily stay compliant with their tax obligations.
- Corporations and Partnerships: Taxumo's Taxumo Corp plan allows corporations and partnerships to file their Quarterly Income Tax Return (1702Q) using the new rates stated on the CREATE law. The plan includes features like unlimited filings for multiple tax forms, attachment creation, and books of accounts management.
Taxumo Review: Who is it for?
- Freelancers and Self-Employed Professionals: Whether you're a writer, consultant, or marketer, Taxumo is for you. It simplifies the tax filing process, allowing you to focus on your work and save time.
- Small Business Owners: If you own a small business, Taxumo can help you manage your tax obligations without the need for complicated paperwork. It's designed to be user-friendly and efficient, making tax compliance hassle-free.
- Corporations and Partnerships: Taxumo Corp is ideal for corporations and partnerships who want a reliable tax compliance tool. It streamlines the process of filing their Quarterly Income Tax Return, ensuring accuracy and timeliness.
- Multiple Payment Channels: Taxumo offers various payment channels, including PayPal and GCash, to make tax payments convenient and hassle-free.
- Pay Your Taxes on the Go: With Taxumo, you can access your account 24/7 and file, manage, and pay your taxes from anywhere, allowing you to stay compliant even while traveling.
- Auto-Generated Tax Forms: Taxumo eliminates the complexity of filling out tax forms by automatically generating them with a single click.
- Real-time Tax Calculation: Say goodbye to tax bill shock. Taxumo provides real-time updates on your tax dues, so you're always aware of what you owe.
- Submission of Attachments: Taxumo simplifies attachment creation by automatically generating relevant attachments for each filing, such as QAP, SAWT, and SLSP/VAT relief.
- Mobile-Friendly: Accessing your Taxumo account on your smartphone or tablet is a breeze, thanks to the user-friendly web app.
Taxumo offers different pricing plans to cater to various tax requirements:
- FREE: This plan allows you to manage your income and expenses for free but does not include the preparation, filing, and payment of taxes.
- 8% Plan: Designed for individuals who file income tax using the 8% Income Tax Rate, this plan costs 888 PHP per month.
- Micro Business: For non-VAT individuals who need to file more than just income tax forms, the Micro Business plan is available for 1,888 PHP per month.
- Small & Medium Business: VAT taxpayers, partnerships, and corporations can opt for the Small & Medium Business plan at 2,888 PHP per month. This plan also covers other tax forms.
For long-term users, Taxumo offers discounted rates for one-time payments:
- 1-year payment: 799 PHP per month (SAVE 10%), 1,399 PHP per month (SAVE 26%), or 1,999 PHP per month (SAVE 30%)
- 2-year payment: 699 PHP per month (SAVE 21%), 899 PHP per month (SAVE 52%), or 1,199 PHP per month (SAVE 58%)
Alongside Taxumo, here are some alternatives for tax compliance tools in the Philippines:
Consider these tax compliance tools as alternatives to Taxumo. Each of these alternatives has its own features and benefits. Take the time to explore them and choose the one that best fits your specific tax requirements and preferences.
Taxumo Review: Pros & Cons
- Multiple payment channels for convenient tax payments
- Accessible 24/7 for on-the-go tax filing and management
- Auto-generated tax forms for a hassle-free experience
- Real-time tax calculation to avoid surprises
- Automatic creation of relevant attachments for each filing
- Mobile-friendly web app for easy access on smartphones and tablets
- Limited availability to the Philippines market
Taxumo offers a comprehensive and user-friendly tax compliance solution for individuals and businesses in the Philippines. With its range of features, multiple payment channels, and real-time tax calculation, Taxumo simplifies the process of filing and paying taxes. However, if you're looking for alternatives, you can consider JuanTax, TaxWhizPH, or Taxumo Lite. Make an informed decision based on your specific tax requirements and preferences.
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