Taxes are always one of the hardest things to do, whether you’re running an enterprise or not. Particularly if you don’t have a degree in finance or accounting. Tax-related tasks aren’t easy, particularly when your whole day is full of things to be done. If you don’t have the funds to employ an accountant, making it yourself can be risky. If you miss one detail it could mean you have to do it all over again!
Nearly everyone would prefer to skip this step. However, since it’s mandatory, we have no choice.
What can we do ?
We can make our lives easier by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can assist you. Even though this is a long read it is possible to assess whether TaxJar is exactly what you need right now.
Do you prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, then let’s get right into it.
What is TaxJar? TaxJar Plugun Woocommerce
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It is a solution for the entire life cycle. Furthermore, you can utilize it across all of your sales channels to make sure you’re in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and is completed in just a few just a few minutes.
TaxJar is used 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 business owners who run online businesses to make their business more simple and organized. Let’s explore their features and services.
Services and features
One of the most important things you’ll need to make sure is that your accounting tax system seamlessly works well with your sales channel. If you have multiple sales channels, it is essential to maintain everything in line. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your critical data in one location. This means that there is no requirement to collect information from multiple sources and sort it into a single platform. All you have to do is connect TaxJar, it will handle all the rest.
Other than that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they are able to integrate with:
TaxJar allows clients to file their sales taxes by hand or using TaxJar’s AutoFile feature. In this review, we’ll dig into both.
If you opt to do it manually, TaxJar will allow you to connect the sales channels you use. When the time is right for the filing of income tax returns TaxJar will train you on managing the tax returns. But, it is up for you and your team to finish the tax returns within the timeframe. TaxJar is only there to help you understand what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. With this feature, everything is automated, from calculating sales tax to recording and processing them. However, there might be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting problems. The orders you place through your online channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your staff will have access to all the information you need, like the list of transactions, reports, as well as data.
The best part about the feature you’ve chosen is they allow you to automatically update every day. Not only will they let you keep track of how much you’ve collected 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 total sales tax for your business. It is also possible to export your data in the form of a CSV file, if you want to use it to aid in financial planning and accounting processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the channels you sell through. This means that you don’t have to hunt for your paperwork whenever you’re in the event of a need. Even even if you already have an accountant, this function will aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds better. You’ll know better how much budget you have to cover other operational costs.
The best part is that TaxJar offers training and tutorials, not just for their platform but all things that has to do with sales tax. You can check out their guides, webinars, and blog for more details. Additionally, their sales tax calculator is useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. This is why in this section we’ll examine TaxJar’s pricing levels and the features that each of these options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. They claim that it’s the most effective plan if you need help with filing requirements and reporting. It comes with sales tax reporting, four free yearly AutoFiles, and a CSV import. With the starter plan, you will be able to access their AI tax advice.
If you’re a small-scale business owner, this plan should be ideal for you. It may not have all the features of TaxJar but it comes with all the basics you require.
Additionally, you can contact their support team with their email support chart. You’ll also have access to their integration capabilities.
If you’re looking to get a bit more than just the basic features and options, then the Professional plan could be the one for you. The price starts at $99 but it can go higher if you add custom features.
What is the difference from the starter plan?
In addition to accessing each of Starter plan’s features, you also have the support of their customer service via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also have 12 free AutoFiles each year.
If you own a huge business, you might need to go for premium plans instead. It comes with all the features you need to aid in your tax preparation. In addition, they offer unlimited data import integrations, Integrations with APIs, teams of members as well as AutoFiles.
There is also a team that is devoted for managing the account. However, they don’t disclose the amount that the Premium plan costs you. TaxJar Plugun Woocommerce
However, they did mention that this plan is tailor-fit for each user. Therefore, the cost will differ according to what you require for your business.
Fortunately, you don’t need to gamble your money just to find out if the platform is for you. If you’re still looking into various options, they provide 30 days of free trial. It should give you enough time to determine whether the software is a good fit for you.
Pros and Pros and
Now that we’ve covered all you must know about TaxJar let’s take a breather. To summarize we’ll go over the pros and cons of the use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only valid for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses numerous platforms. If that sounds like what you do, then you should try this.
Not only will it aid in tracking your revenue and products however, it will assist you in meeting the deadlines you set. It is also a great platform for an accountant since they provide tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can allow you to get more done while keeping track of every deadline and requirement you have to fulfill. If you’re living in an area with complex tax laws, this will surely help you wrap your head around the subject. TaxJar Plugun Woocommerce
If handling your taxes is simple If it isn’t, then TaxJar might not be a good expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track all of it. In addition, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better to do it by yourself.
FAQ TaxJar Plugun Woocommerce
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it into USdollars before TaxJar can calculate your tax.