Taxes are always one of the hardest things to do regardless of whether you’re running an enterprise or not. More so if you don’t have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when you’re full of things to be done. If you don’t have enough money to hire an accountant, making it your own can be risky. If you miss one detail and you don’t know it, you may have to redo things again!
Most people want to skip this step. But , as it’s a requirement and mandatory, there’s no other choice.
What can we do about it?
We can simplify our lives by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving tool and explain how it can assist you. While this is an extensive read, you should be able to assess whether TaxJar is exactly what you need in the present.
Are you looking video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, then we’ll dive right into.
What is TaxJar TaxJar Not Working For Woocommerce
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it across all your channels of sales to make sure you’re in compliance with sales tax requirements. It makes the process simpler that could require days to complete and can be completed in a matter of minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by owners of online businesses to make their business more neat and simple. Let’s look into their features and services.
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Features and services
Integration
One of the first things you’ll want to check is your tax-reporting platform perfectly integrates with your sales channel. If you’re using multiple sales channels, you need to keep everything in place. The most important thing is not to get a penalty for missing a single minor point.
TaxJar lets you display your critical data in one location. That way, there’s no requirement to collect data in multiple channels and sort it into a single platform. All you need to do is to integrate TaxJar, and the platform will handle all the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms they are able to integrate with:
Filing
TaxJar lets customers make sales tax filings by hand or using TaxJar’s AutoFile feature. In this review, we’ll dig into both.
If you choose to do it manually, TaxJar will allow you to connect all those sales tools. Once the time comes for filing tax returns for income TaxJar will train you on how to manage them. However, it will be up to you and your team to finish the tax returns on time. TaxJar is there to provide guidance on what you need to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. With this feature, everything will be automated from calculating sales tax in order to record and process them. However, there might be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform you and your team will have access to all the information you need, like the list of transactions, reports, and information.
The greatest benefit of this feature is that they allow you to update automatically every day. They not only let to know the amount you’ve earned however, they can also help you keep track of when the next payments are due.
The dashboard allows you to fully view the sales tax totals within your company. You can also export your data as a CSV file in case you require it for your financial planning and accounting processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of the channels you sell through. This means that you don’t have to scramble for your documents when you need them when you’re in a pinch. Even if you already have your accountant, this function will help them be more efficient.
Additionally, knowing the figures for your sales tax ahead of time will help you plan your funds more effectively. You’ll be aware of the budget you have to cover other operating expenses.
But what’s even better is that TaxJar provides training and tutorials, not just on their platform, but for anything that has to do with sales tax. You can check out their webinars, guides, as well as their blog to find more details. Apart from that their sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms provide amazing features, but they can be too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing tiers and what each of these choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They say it’s the best plan if you need help with filing requirements or reporting. It also includes taxes on sales and sales as well as four free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale company owner, this plan should be perfect for you. It may not offer all the features of TaxJar, but it has the essentials that you need.
Additionally, you can contact their support team with their support chart for email. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking to get that is more than the basics and options, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher when you add additional features.
So how different is it from the original plan?
Apart from having access to every one of Starter plan’s features, you also get access to their support via phone, API access, and sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
Premium
If you have a massive business, you might need to opt for an upgrade instead. It has all of the features needed to help with your taxes. Additionally, they permit unlimited import integrations of data as well as API integrations, team members as well as AutoFiles.
There is also a team dedicated in managing your accounts. But, they don’t divulge the amount that the Premium plan will cost you. TaxJar Not Working For Woocommerce
However, they did mention that the plan is custom-made for each user. So the costs will vary according to what you require for your company.
Free Trial
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 considering different options, they offer a 30-day free trial. This should give you enough time to determine if the platform is an excellent fit for you.
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Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. To sum it all up, here are the pros and cons of using TaxJar for your company.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- You can track several sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid out TaxJar provides a fantastic platform to companies with numerous sales channels, and that utilizes numerous platforms. If that sounds like what you’re doing, then you must try TaxJar.
Not only will it aid in tracking your revenue and products however, it will also help you meet your deadlines. This is also an excellent opportunity for accountants since they provide a Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
Using TaxJar will help you reduce time and keep the track of each deadline and obligation you have to meet. If you live in a region with a lot of tax regulations, this will surely help you wrap your mind around it. TaxJar Not Working For Woocommerce
But if handling your taxes is 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 keep track of all of it. Moreover, if you’re finding the entire procedure easy to complete, you might be better in doing it all on your own.
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FAQ TaxJar Not Working For Woocommerce
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it into USdollars prior to when TaxJar will calculate the tax.
