With the growing amount of personal information stolen through cyberattacks around the world, 80% of consumers in the world are worried about online internet security. One of the most common reasons for these security breaches is consumers using the same password across multiple accounts, with 73% of online accounts having duplicate passwords. That said, 68% of consumers want companies to provide an extra layer of security.  (Source: Telesign Consumer Account Security Report)

Can JuanTax Help Protect Me?

Yes, we can. Aside from the current security measures we already employ on our platform, users can take this security to the next level in protecting their accounts. Learn more about how to set up MFA with JuanTax. 

Here are the security measures JuanTax already has in place:

• Fully Encrypted Cloud Storage: User data is transformed using encryption algorithms that convert it into ciphertext, which is then stored in the cloud. This keeps data unreadable and meaningless even if it’s lost, stolen, or breached. 
• Secure Socket Layer (SSL): This is a standard internet security protocol for establishing an encrypted link between the server and client. This makes sure that credit card numbers, account details, and login credentials and similar information is transmitted securely. 
• Transport Layer Security (TSL): Sessions between you and your portal are protected with in-transit encryption using 2,048-bit or better keys. This helps protect your account from data breaches and other cyberattacks.
• Firewall: Network security device that monitors incoming and outgoing network traffic, that can permit or block data from being transferred based on the set security rules. This system monitors data between our servers and your account, making sure any suspicious activity is caught.

You might be wondering, “With all these security measures in place, why do I need to protect my account?” The reason is that as online platforms and their security measures continue to evolve to provide better protection, so do the abilities of the hackers. 

No matter how many security measures are put in place, data can never be 100% secure. By adding MFA to your account, you are taking control of your own data and protecting it yourself. Not only does this add an extra layer of security to the systems we’ve already set in place, but it also gives you the option to improve it even more.
Turn on Multi-Factor Authentication for your JuanTax account now! Learn more about how to set up MFA with JuanTax.

The post Taking Steps To Keep My Data Secured appeared first on JuanTax.

What You Need To Know About Multi-Factor Authentication

Passwords are no longer safe—in the early years, they protected you from others gaining access to your information. Over the years, they’ve become weaker as a computer or mobile device is not able to determine when a password has been compromised.

We care deeply for our users and want to make sure they start using Multi-Factor Authentication only for their best interests. When it comes to accounting and taxes, users could be dealing with thousands to millions of pesos, which means any data stolen during a security breach could prove devastating for a business. 

JuanTax has security measures in place to make sure accounts are safe, but these extra measures are in the hands of our users, giving them control in protecting their own data.

What is Multi-Factor Authentication (MFA)?

Multi-Factor Authentication (MFA) is a form of data protection that we encourage our users to enable, because it requires them to provide verifications that allow access to their data. Instead of asking for just your username and password, MFA will require one or more additional verification methods to protect you from an unauthorized cyber attack.

On top of your username and password, other verification methods include the use of your smartphone, your geographic location, and a time-based window for entering a code. 

For example, Juan is a user in Makati who has a smartphone. To log in to his account,  Juan has to sign in with his username/password, then use his smartphone to get a code to continue logging in within 10 minutes. Otherwise, he won’t have access to his account.

We hope you understand that we only want to keep you safe, and that you are in control of your account access. Click here to learn more about how to set up MFA with JuanTax.

The post Data Protection Starts With You appeared first on JuanTax.

In the Philippines, Tax compliance is one of the most tedious things to handle as a business. Our current tax process is complicated enough to make an accountant go crazy. What more for an ordinary business owner? The root of the problem stems from doing taxes manually which wastes valuable time and money. From a single sales or purchase receipt, you’ll have to record this transaction in more than 7 different tax forms. The better way of doing tax compliance is through automation.

Automating your tax process helps you in a lot of ways. It will save you time and effort by letting a coded program do the manual recording for you. It will also save you costs because of the operational expense it will save you by having one program handle a work of more than ten people. Best of all is that financial data is much more organized, accessible, and secure through encryption. There are a lot of accounting softwares that can help accountants experience these. But only a few can handle tax automation in the Philippines.

While a lot of young developers are on their way to create such products, JuanTax, the Philippine’s first BIR Accredited Tax Platform, has been innovating and leading the Tax Technology industry in the Philippines since 2017. We’ve listed 4 main benefits in automating your Tax Process using JuanTax.

4 Benefits of Automating your Tax Process

• Accurate
  In the manual tax process, repetitive and tiresome work can’t be avoided. It takes time to make all the information precise. However, with automation, every data is reliable and accurate in calculating your taxes and recording data to your tax returns. In JuanTax, One single data entry is all it takes to have your financial data reflected all the way to your Financial Reports.
• Efficient
  Traditional tax processes take too much time and resources. There have been a lot of innovative ways in simplifying some processes through the use of excel but it still takes too much effort for accountants and business owners to go through every spreadsheet in a single excel file. Although traditional methods have improved through time, tax automation through JuanTax beats manual method by ten-fold when it comes to efficiency. Imagine just recording a transaction once, don’t you wish everything is auto populated in an instant? JuanTax simply does that.
• Accessible
  Every data on your account, transaction, and receipt you created are organized and easy to access with JuanTax. Any transaction entered in your account is backed-up in the cloud and accessible with other devices. Automation made it easy and organized when you’re searching for data on your Tax Forms, Books and Financial Reports.
• Secure
  Automation guarantees the protection of your data through encryption. Data encryption is a method of protecting your financial data you enter through JuanTax. Additionally encryption is a process that scrambles readable text and helps provide data security for sensitive financial information.

Through JuanTax, your practice becomes more accurate, efficient, accessible and secure. JuanTax pivots your traditional method of manually recording and maintaining financial accounts to advisory work. Get your tax done right with automation as it creates the opportunity for you to do more and give more to your clients.

The post Here are 4 Benefits of Automating your Tax Process appeared first on JuanTax.

A Salute to Our Modern Heroes

Where I Came From, Everyone is a Hero — this statement says everything. Heroism isn’t measured simply by the life that you live and the good acts that you did, but with all the hard work that you give for your country.

Wherever you go, there is always a hard-working Filipino striving for success: They are our OFWs who leave their families to sustain their needs. Our small business owners who are struggling when it comes to compliance, and our Accountants who instead of working abroad, chooses to stay in the country just to help local businesses move forward and thrive.

They’re the modern Rizals, Mabinis and Bonifacios of our time. But of course, living as a hero comes with a much greater responsibility (no pun intended).

Paying taxes is a perfect example. Let’s face it. Having your taxes paid on time makes you feel like a responsible citizen — as if you’re someone who willingly contributes to something for the economic growth. But as you know, being a hero isn’t that easy.

There’s No Need to Be A Hero…in Filing Taxes

The procedures alone of tax compliance is a huge concern to most of our small businesses. Aside from the enormous number of requirements, taxpayers would fall in line in banks just to pay their taxes — even ordinary taxpayers are hustling whenever the deadline for submission of income tax return arrives.

We believe that there’s more to being a “tax hero” who will stop at nothing just to get those tax forms filed and submitted in due time. Keeping up with tax filing nowadays is such a tedious chore, especially with all the new tax provisions and forms that just keeps on coming.

By its definition, “A hero is an ordinary individual who finds the strength to persevere and endure in spite of overwhelming obstacles.”, and these tax struggles are the same reasons of why we exist, and it is to help you, our fellow countrymen!

Cheers to the real heroes, to every Juan, we salute you!

The post Don’t Just Be A Tax Hero, File Taxes Easily with JuanTax appeared first on JuanTax.