Taxes have always been among the most difficult things to handle, whether you’re running an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related work can be overwhelming, particularly when you’re full of things to be done. If you don’t have the funds to hire an accountant, doing it on your own could be risky. If you overlook one thing, you might have to redo things again!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement, we have no choice.
What can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
Here we’ll take a look at this life-saving tool and how it can benefit you. Although this is quite an extensive read but you’ll be able to assess whether TaxJar is exactly what you need today.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar TaxJar Woocommerce Plugin Download
Founded in 2013, TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It is a solution for your entire sales tax life cycle. In addition, you can apply it in all of the sales channels you use to ensure compliance with your sales taxes. It simplifies the processes that can 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 companies, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is extensively used by online business owners to ensure that everything is simple and organized. Let’s look into their features and services.
> > Click Here to Start TaxJar for Free < <
Features and services
Integration
One of the first things you’ll need to make sure is that your accounting tax platform is compatible in conjunction with the sales channels you use. If you have multiple sales channels, it is essential to maintain everything in line. The final thing you would like is to get a penalty for overlooking just one minor detail.
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 sort it into one platform. All you have to do is integrate TaxJar, then the system will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar allows clients to make sales tax filings either manually or via TaxJar’s AutoFile feature. For the purpose of this article, we’ll dig at both.
If you choose to do it manually, TaxJar will allow you to connect all your sales platforms. When the time is right for filing income tax returns The team will guide you on how to manage them. But, it is up for you and your staff to finish the tax returns within the timeframe. TaxJar will only help you understand what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. Through this feature, everything will be automated, from calculating sales taxes to recording and processing it. However, there might be extra fees if not part of the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be compiled into a single dashboard through this platform. Once you’re on the platform you and your team will have access to all the information you need, such as an inventory of your transactions, reports and information.
The most appealing aspect of the feature you’ve chosen is it allows you to update automatically every day. Not only can they help you keep track of how much you’ve collected however, they can also help you keep track of when the next payment is due.
The dashboard allows you to see the sales tax totals within your company. It is also possible to export your data as the form of a 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.
Training and Streamlining
TaxJar helps organize and keep the track of all your sales channels. That means you won’t have to scramble for your documents when you need them in the event of a need. Even even if you already have an accountant, this function can make them more efficient.
Moreover, knowing the estimates 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 available for other operating costs.
But what’s even better is that TaxJar offers tutorials and training, not just on their platform, but everything that has to do with sales tax. You can look through their webinars, guides, or blog posts for additional info. Apart from that the sales tax calculator can be helpful if you’re planning on do everything on your own.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. That’s why for this section we’ll take a look at TaxJar’s pricing tiers and the features that each of these choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. The company claims that it’s the most suitable plan for you if you need help with filing requirements or reporting. It includes sales tax reporting, four annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you can access their AI tax advice.
If you’re a small-scale company owner, this plan could be perfect for you. It might not include all the features of TaxJar but it comes with the essentials that you need.
Additionally, you can contact the support team via their support chart for email. You’ll also have access to their integration capabilities.
Professional
If you’re looking to get a bit more than just the basic features, then the Professional plan may be the best option for you. The price starts at $99 but it can go higher if you add custom features.
How different is it from the basic plan?
In addition to accessing every one of Starter plan’s features, you also have their support via phone, API access, and advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you own a huge business, you might need to opt for an upgrade instead. It comes with all the features that you require to help with your taxes. In addition, they offer unlimited data import integrations, Integrations with APIs, teams of users and AutoFiles.
They also have a staff dedicated to managing your account. But, they don’t divulge the amount that the Premium plan costs you. TaxJar Woocommerce Plugin Download
However, they did say that the plan is custom-made for every user. The cost of the plan will be different according to what you require to run your business.
Free Trial
Luckily, you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still considering various options, they provide a 30-day free trial. This should give you enough time to see if the platform is the right choice for you.
> > Click Here to Start TaxJar for Free < <
Pros and Cons
After we’ve gone over everything you should know about TaxJar Let’s relax. In order to sum up the whole thing, here are the advantages and disadvantages of the use of TaxJar for your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
Not only can it aid in tracking your revenue and products It can help you meet your deadlines. This is also an excellent option for accountants as they provide tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar will help you save more time while keeping track of every deadline and requirement you have to fulfill. If you’re in a place with complicated tax laws, this will certainly help you to get your head around it. TaxJar Woocommerce Plugin Download
However, if managing your taxes is simple and straightforward, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you find the whole procedure easy to complete, you might be better off doing it by yourself.
> > Click Here to Start TaxJar for Free < <
FAQ TaxJar Woocommerce Plugin Download
What areas does TaxJar provide API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it into USdollars prior to when TaxJar determines the tax.
