Tax preparation and filing might not be the most wonderful time of the year for business owners in the Philippines. Imagine the hustle and bustle that business owners go through dealing with downloading and attachments of government requirements to make ends meet instead of focusing on the business side and growing their experience. But how do we really avoid tax headaches? How do we escape the struggle of losing your data after every software update? Not to mention the few sacrifices you have to make for the price of hiring additional staff to prepare your tax return.
An online tax software that gives confidence and control not just to accounting firms but also to self-preparers when it comes to filing their taxes. Its step-by-step approach to filing caters absolutely any taxpayer, even if they ran their own business, collected rental income, or worked as freelancers. How do we make tax filing effortless? One word – JuanTax. A tax software made by Filipino for Filipinos. Here’s why we love it.
Automation – JuanTax auto-populates fields such as carry-overs, schedules, amortizations, or payments. Giving you the increase of tax process compliance, talking about accuracy and efficiency of data.
Cloud-based – With JuanTax on the cloud, you can avoid time-consuming and compatibility issues of downloading the ebir and alphalist package on your computer. You can file your taxes anytime, anywhere. Say goodbye to saving PDF’s and printing it out for your returns, cloud based tax filing lets you easily access all your generated forms in one platform.
Transparency – return is consistent with each other as there are source documents where Juantax gets their tax calculation. You can also review the transactions and the returns before proceeding to filing them. Juantax managed to make doing your taxes feel like a simple task, a breezy slideshow that ends with a fat refund check and no audit.
Integration with Xero – automatic integration of Xero to Juantax removes the friction in filing taxes. Once connected, expect faster processing of local tax forms such as VAT, Percentage tax, as well as Withholding tax.
Security – Accounting data is stored online not on your local computer; therefore, in the event your computer is lost or stolen all of your small business financial information is still secured.
What’s in the Roadmap?
Payment Option – Filing your taxes is okay but paying it using the same portal? Great! You can’t buy the convenience of paying your taxes electronically. You can pay them at any time of day or night, from any part of the world nor have to spend time queuing in banks or merchant offices waiting for your turn to transact. Nor do you have to wait for several days (or longer) for the bank to clear your check, so you can access the funds. E-payment also eliminates the most obvious risk with handling cash, theft.
Form Collaboration – There are different tax forms and categories for which income can be attributed. If you’ve earned income last year, you’re expected to, and in most every case, required to report it. What we want are collaborative tax forms linked to each other for orderly, labor-saving tax filing.
Doing your taxes manually is a serious work but the future is now, we need innovation and solution. For those who need less guidance, the software may be worth a look. And who knows? You may end up cutting costs, doubling your productivity and profit, and reducing your tax expense quicker than you thought possible.
Discover more of JuanTax for free by signing up through this link: https://www.juan.tax/signup/