Taxes have always been one of the most difficult things to handle regardless of whether you run an enterprise or not. More so if you don’t have a background in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is filled with tasks to complete. In the event that you do not have the budget to employ an accountant, doing it on yourself can be risky. If you make a mistake it could mean you have to do it all over again!
Most people want to skip this step. But since it’s required to be done, we can’t choose not to.
So , what can we do ?
We can simplify our lives by using tools like TaxJar.
This article will take a look at this life-saving device and how it can assist you. Although this is quite an extensive read, you should be able to gauge whether TaxJar is exactly what you need in the present.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
For those who like to read, let’s get right into it.
What exactly is TaxJar? TaxJar For Astra Woocommerce
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all of the sales channels you use to ensure that you are in compliance with sales taxes. It simplifies the processes that can take days to complete, and is completed in just a few just a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by online business owners to ensure that everything is organized and straightforward. Let’s explore the features and services offered by TaxJar.
Services and features
One of the first things you’ll need to make sure you have a tax accounting software is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to maintain everything in line. The most important thing is not to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your key data in one location. So, there’s no need to gather data in multiple channels and organize it into one platform. All you need to do is connect TaxJar then the system will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms they are able to integrate with:
TaxJar lets customers file their sales taxes manually or through TaxJar’s AutoFile feature. For this review, we’ll dig into both.
If you decide to go it alone, TaxJar will allow you to connect all of those sales tools. When it comes time to filing income tax returns TaxJar will train you on how to manage the tax returns. But, it is up to you and your team to complete the process within the timeframe. TaxJar is only there to guide you on what you need to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit all forms by hand. Through this feature, everything will be automated, from calculating sales tax to recording and processing it. There could be extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting woes. Your orders from your e-commerce channels can be compiled into a single dashboard via this platform. From there, you and your team will have access to everything you need, like a list of your transactions, reports and information.
The greatest benefit of this feature is that they allow you to automatically update every day. Not only will they let you know how much you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payments are due.
The dashboard allows you to fully view the sales tax totals for your business. It is also possible to export your data in CSV format. CSV file, if you want to use it in your accounting and financial planning processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep on top of all your sales channels. That means you won’t have to search for your documents when you need them in a pinch. Even even if you already have an accounting firm, the feature can help them be more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have for other operational costs.
The best part is that TaxJar provides training and tutorials not only on their platform, but everything connected to sales tax. You can check out their guides, webinars, or blog posts for additional info. Apart from that the sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. For this reason we’ll take a look at TaxJar’s pricing levels and what each of those choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan starts at $19. They claim that it’s the most effective plan to help you with filing requirements and reporting. It also includes sales tax reporting, four annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a small-scale company proprietor, then this program should be perfect for you. It may not have all of TaxJar’s features, but it has the essentials that you need.
You can also contact their support team with their email support chart. You’ll also be able to use their integration tools.
If you’re looking to get different from the basic features and options, then the Professional plan could be the one for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the basic plan?
In addition to accessing all of the Starter plan’s features, you also get access to their support via phone access to APIs, as well as sophisticated CSV import. You can also get 12 AutoFiles for free each year.
If you own a huge business, you might need to choose the Premium plan instead. It includes all of the features needed to aid in your tax preparation. In addition, they offer unlimited integrations with data imports, API integrations, team members, and AutoFiles.
They also have a team dedicated for managing the account. They don’t reveal the amount that the Premium plan is going to cost. TaxJar For Astra Woocommerce
But they did state that the plan is custom-made for each user. So the costs will vary in line with what you require for your company.
It’s a good thing that you don’t have to risk your money to see if this platform is the right one for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. This should give you enough time to gauge whether the software is the right choice for you.
Pros and Cons
We’ve covered everything you need to know about TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of the use of TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then ought to try this.
It’s not just a way to help you track your revenue and products It can also help you meet the deadlines you set. This is also an excellent opportunity for accountants since they have tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar can help you save more time while keeping the track of each deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this can certainly help you to get your mind around it. TaxJar For Astra Woocommerce
If handling taxes is easy and straightforward, then TaxJar could be a waste of investment. If you have only one or two channels of sales, TaxJar won’t be needed to track everything. If you find the entire procedure simple to follow then you’re better to do it on your own.
FAQ TaxJar For Astra Woocommerce
Which areas does TaxJar offer API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transactions are in USdollars. If you’re using another currency, you’ll need to convert it into USUSD prior to when TaxJar will calculate the tax.