Empower Personal Dashboard vs Taxumo

Empower Personal Dashboard is a free personal finance tool (formerly branded Personal Capital) that lets users link bank, credit card, investment, and retirement accounts to see a complete financial picture in one place. It tracks net worth over time, categorizes spending and cash flow automatically, and includes a retirement planner that models different savings and spending scenarios. The dashboard is offered by Empower Personal Wealth (EPW), part of the same corporate family as Empower Retirement (the 401(k) recordkeeper) but a distinct consumer-facing business; the dashboard itself is entirely free, with revenue coming from an optional paid advisory service, Empower Personal Strategy, requiring at least $100,000 in investable assets and charging tiered annual fees around 0.89% and down.

Taxumo is an accredited online platform that automates Bureau of Internal Revenue (BIR) tax filing and e-invoicing for freelancers, self-employed professionals, small businesses, and corporations in the Philippines. It has served the market for over a decade and reports more than 144,000 users, offering real-time tax computation and auto-generated forms so users can file and pay taxes without manual paperwork. Beyond core tax filing, Taxumo offers EIS-ready e-invoicing that automatically transmits sales data to the BIR and archives records for 5+ years, plus add-on services such as Taxumo Timeout for dormant-business zero filing, Taxumo Collect for payment collection, business registration and incorporation assistance, and retainer access to a certified accountant. Payments for subscriptions and taxes can be made via GCash, Maya, Dragonpay, Visa, Mastercard, or Billease installments.

• The core dashboard, net worth tracker, and retirement planner are entirely free, with no trial period or paywall.
• Aggregates a very wide range of account types, including old 401(k)s, IRAs, mortgages, and credit cards, in one view.
• Backed by a large, established financial company with $2.1 trillion+ in assets under administration group-wide.
• Optional paid advisory tier provides a natural upgrade path for users who want a human advisor as their assets grow.

• Long track record (over a decade) and a large user base of 144,000+ in the Philippines
• Automates BIR-specific forms and computations that are otherwise manually intensive
• Tiered plans matched to tax registration type (8%, graduated/Micro, VAT/SMB) rather than one-size-fits-all
• Multiple local payment options (GCash, Maya, Dragonpay) alongside cards

• The free dashboard is a lead-generation tool for the paid advisory service, so expect regular calls and emails promoting Personal Strategy.
• Paid advisory access requires a $100,000 minimum, putting it out of reach for many users of the free tool.
• Shares the Empower brand with Empower Retirement (the unrelated 401(k) recordkeeper), which can cause confusion about which service is being used.

• Built specifically around Philippine BIR tax rules, so it has no relevance outside the Philippines
• The Free plan only tracks income/expenses and does not actually file or pay taxes, which could confuse first-time users
• Users must correctly pick a plan matching their tax registration type (8%, graduated, or VAT), and the differing form sets between tiers can be confusing to newcomers