How TaxApp is Making Tax Forms Simpler and Easier - With Marios Papageorgiou
Marios Papageorgiou elevates the innovation game in Cyprus by contributing to the transformation of taxes and finance.
The dynamic world of finance and technology demands individuals to carve out a distinct niche that resonates with both industry experts and the general public to drive innovation. Marios Papageorgiou is one such figure.
His impressive career, spanning over a decade, has been marked by significant contributions to the fields of taxation and financial regulation. Currently serving as a Non Executive Board Member at CySEC (Cyprus Securities and Exchange Commission) since October 2021, and founder of TaxApp, Marios Papageorgiou brings a wealth of knowledge and experience to the table.
In this exclusive interview, we delve into Marios Papageorgiou's insights on the revolutionary TaxApp, a platform that is simplifying and easing the complexities of tax forms for thousands of users. Papageorgiou's blend of in-depth tax knowledge and strategic foresight has been instrumental in driving TaxApp's milestones, including achieving a user base of over 10,000 registered users, securing strategic funding, and transitioning from a startup to a growing, employee-driven company.
As we explore TaxApp's journey, Papageorgiou sheds light on the nuances of tax reporting and the app's future developments, promising to further streamline and educate the tax reporting process for users worldwide.
Our journey over the past three years has been marked by significant achievements that reflect our growth and impact in the tax reporting sector. Firstly, exceeding 10,000 registered users is a testament to the trust and reliance our user base has in our app. This milestone is crucial as it indicates our expanding reach and the effectiveness of our solutions in addressing the needs of both businesses and individuals.
Securing funding from strategic investors was another key milestone. This not only provided us the financial resources to scale our operations but also brought in invaluable expertise and industry connections that have been instrumental in our growth strategy.
Hiring our first full-time employee was a turning point, marking our transition from a startup with a lean operation to a growing company with a dedicated team. This step allowed us to enhance our capabilities, focus on product development, and improve customer support, further solidifying our presence in the market.
Reflecting on the first three years, the journey of a startup like TaxApp is both challenging and exhilarating. It often feels like leaping into the unknown – akin to jumping off a cliff and assembling an airplane mid-fall. The entrepreneurial path is filled with uncertainty, and there's a constant need to adapt and innovate without a clear blueprint for success.
In these years, we've learned that self-reliance and creative problem-solving are key. We often found ourselves in situations where we had to learn on the go, tackling various challenges without external guidance. This self-taught journey, though demanding, has been incredibly rewarding and has shaped our company's resilience and adaptability.
Our interactions with users – both individuals and organizations – predominantly occur through email and telephone. We have noticed that most users approach us with specific problems or queries, and our primary objective is to provide tailored solutions. This interaction has been pivotal in understanding user needs and has driven our approach to making TaxApp as user-friendly and responsive as possible.
We're continually striving to enhance TaxApp, focusing on both its functionality and user experience (UE). Our goal is to streamline the user journey, making it as intuitive and hassle-free as possible. We're committed to anticipating user needs and questions, thereby reducing the complexity and time involved in tax reporting.
An exciting development scheduled for the next year is the system update that will allow users to import last year's data for life and health insurance, along with certain tax-deductible expenses like subscriptions and donations. This feature is aimed at simplifying the process for returning users, making their annual tax reporting more efficient.
Moreover, we are planning to introduce more educational features. These will aim to empower our users with knowledge about tax reporting, helping them make informed decisions and understand the intricacies of tax laws and regulations. This educational aspect is something we believe will significantly enhance user engagement and satisfaction.
