Staying true to its mission to help self-employed professionals and business owners focus more on their passion & stop worrying about their businesses, pioneering tax filing and payment platform Taxumo has expanded its COVID-19 response with the #ATimeforHOPE campaign—an initiative that assists its community not only through reduced tax subscription rates, but also with tax and business guidance.

The #TimeforHOPE campaign, which stands for Time For Helping Other Professionals and Entrepreneurs, aims to help the many Filipino self-employed professionals and business owners tide over the economic and personal impact of the COVID-19 pandemic on everyone’s financial, physical, and mental well-being.

Also read: An unprecedented challenge, also an opportunity for SMEs to do unprecedented things

“During these uncertain times, we at Taxumo believe that helping people goes beyond alleviating the economic burden this pandemic has caused. We must collectively build an environment where we can hope for a better future, as we empower ourselves and our communities toward creating more meaningful work beyond this crisis,” explains EJ Arboleda, CEO of Taxumo.

Professionals and business owners can get up to a maximum of 80% discount from their plans. All they need to do is to share the story of how their business has been impacted by COVID-19 with Taxumo by emailing customercare@taxumo.com​ or chatting with them via the chat box in their website.

The #TimeforHOPE campaign will substantially reduce the rates of the subscription packages on Taxumo across all tiers, allowing these professionals and business owners fulfill their tax obligations without breaking the bank.

Professionals and business owners can get up to a maximum of 80% discount from their plans. All they need to do is to share the story of how their business has been impacted by COVID-19 with Taxumo by emailing customercare@taxumo.com​ or chatting with them via the chat box in their website.

This will be a limited offer though and will only be available to the first 100 people who apply for the slot.

Additionally, business and financial planning experts will provide crucial tips to the community on how they can manage their budgets and look for more work opportunities, as well as provide necessary linkages for their businesses through the Taxumo Community on Facebook.

In a recently conducted online survey, ​65 percent of Filipinos “believed the national economy of the Philippines would be affected” by the COVID-19 outbreak.

Responding to the impact of the pandemic and the enhanced community quarantine to businesses, the government through the Department of Trade and Industry is preparing a ​P1-billion Enterprise Rehabilitation Financing facility under the Pondo sa Pagbabago at Pag-asenso (COVID-19 P3-ERF) which will include the “restart and/or restock of businesses to avoid foreclosure of their business assets”.​

Also read: Managing cash flows during a period of crisis

The DTI loan fund will be accessible to micro and small enterprises continuously operating for at least one year prior to March 2020, and whose businesses suffered “drastic reduction in sales​.”

Micro enterprises with asset size of not more than P3 million may borrow from P10,000 to P200,000, while small enterprises with asset size of up to P10 million may borrow higher loans up to a maximum of P500,000.

About Taxumo

Taxumo​ is the pioneering, multi-awarded online tax filing and payment platform in the Philippines—​ ​the easiest way for Filipino small business owners, self-employed professionals, and freelancers to prepare, file, and pay their taxes, as well as register their businesses. With Taxumo, all you need to do is put in your income and expenses, and Taxumo does the rest (from computing your tax dues, to filling up BIR tax forms, and paying taxes online).  Please visit https://t.globallinker.com/yeBxd

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