Taxes have always been one of the most difficult tasks to complete regardless of whether you run an enterprise or not. More so if you don’t have any experience in accounting or finance. Tax-related issues can be overwhelming, particularly when you’re packed with things to do. When you’re not able to afford the funds to hire an accountant, performing the task on your own can be dangerous. If you overlook one thing it could mean you need to repeat the process!
Nearly everyone would prefer to avoid this step. However, since it’s mandatory, we have no choice.
So , what can we do ?
We can always make life easier with tools such as TaxJar.
This article will take a look at this popular life-saving tool and how it can benefit you. While this is a long read, you should be able to gauge whether TaxJar is exactly what you need in the present.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What exactly is TaxJar? TaxJar Woocommerce Integration
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It’s a solution for the entire life cycle. Additionally, you can use it across all your channels of sales to ensure compliance with sales tax requirements. It makes the process simpler that could take days to complete and can be completed in a matter of only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by online business owners to make their business more simple and organized. Let’s look into their features and services.
Services and features
One of the most important things you’ll need to make sure is your tax-reporting system perfectly integrates along with sales funnels. If you’re using multiple sales channels, you must maintain everything in line. The final thing you would like is to be penalized for missing a single minor point.
TaxJar allows you to show your key metrics in one spot. This means that there is no need to collect data in multiple channels and organize it into a single platform. All you have to do is connect TaxJar, it will do the rest.
In addition, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar lets customers file their sales taxes by hand or using the AutoFile feature. For this review, we’ll look into both.
If you opt to do it manually, TaxJar will allow you to connect those sales tools. When the time is right for filing income tax returns TaxJar will train you on how to manage the tax returns. It is up for you and your team members to complete everything on time. TaxJar is only there to provide guidance on what you need to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. This feature will ensure that everything will be automated from calculating taxes on sales through recording, and then processing it. But, it is possible to incur additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. From there, you and your team can access everything you need, such as an inventory of your transactions, reports and information.
The greatest benefit of this option is the fact that they allow you to automatically update every day. Not only can they help you keep track of how much you’ve earned however, they can also help you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the overall sales taxes within your company. It is also possible to export the information as CSV format. CSV file, if you want to use it to aid in process of financial planning and accounting or if you require it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the sales avenues you use. This means that you don’t have to hunt for your paperwork when you’re when you’re in a pinch. Even if you already have your accountant, this function will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate 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 also for anything that has to do with sales tax. You can check out their guides, webinars, or blog posts for additional info. Apart from that, their sales tax calculator can be helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb 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.
Their Starter plan costs $19. They say it’s the best plan to help you in filing and reporting. It includes the tax on sales, 4 free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a small-scale company manager, the plan will be ideal for you. It may not offer all of TaxJar’s features however, it does include all the basics you require.
In addition, you can reach their customer support via their support chart for email. You’ll also be able to use their integration tools.
If you’re looking to get different from the basics and options, then the Professional plan may be the best option for you. It starts at $99, however, it could go up if you add custom features.
So how different is it from the original plan?
In addition to accessing all of the Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and advanced CSV import. You can also get 12 AutoFiles for free each year.
If you have a massive business, you might need to go for premium plans instead. It includes all of the features you need to make your tax filing easier. Moreover, they allow unlimited data import integrations API integrationsfor team members, and AutoFiles.
They also have a team who are devoted to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Woocommerce Integration
However, they did say that the plan is custom-made to each user. So the costs will vary in line with what you require for your company.
Luckily, you don’t have to bet your life on it to see if this platform is for you. If you’re still considering various options, they provide a 30-day free trial. It should give you enough time to gauge whether the software is a good fit for you.
Pros and Cons
After we’ve gone over everything you need to be aware of TaxJar let’s take a breather. To summarize Here are the pros and cons of the use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Support Service Team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only valid for USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out, TaxJar can be a great platform businesses with numerous sales channels, and that utilizes numerous platforms. If that sounds like what you do, then you ought to try this.
Not only will it aid in tracking your revenue and products, but it can assist you in meeting the deadlines you set. It is also a great option for accountants as they offer a Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar will help you save more time while keeping on top of each deadline or requirement you need to meet. If you’re living in a place with complicated tax laws, this can surely help you wrap your head around it. TaxJar Woocommerce Integration
But if handling your taxes is simple, then TaxJar might not be a good investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track all of it. In addition, if you find the entire process easy to do then you’re better to do it by yourself.
FAQ TaxJar Woocommerce Integration
Which areas does TaxJar offer API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transaction amounts are n USdollars. If you’re using another currency, you’ll have to convert it into USUSD before TaxJar determines your tax.