Taxes have always been among the most difficult things to handle regardless of whether you’re running a business or not. Particularly if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, particularly when your whole day is packed with things to do. When you’re not able to afford enough money to hire an accountant, doing it on yourself can be risky. If you miss one detail and you don’t know it, you may need to repeat the process!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement, we have no choice.
So , what can we do about it?
It is always possible to make our lives easier by using tools like TaxJar.
We’ll look at this well-known life-saving tool and explain how it can benefit you. Although this is quite a long read, you should be able to determine if TaxJar is what you need in the present.
Prefer to watch videos instead? Check out 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 we’ll dive right into.
What exactly is TaxJar? Woocommerce Integration With TaxJar
In 2013, TaxJar was established. TaxJar is an application that automatizes your filings, reports, and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. In addition, you can apply it across all of your sales channels to ensure that you are in compliance with sales tax requirements. It simplifies the processes that take days to complete and is completed in just a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by owners of online businesses to ensure that everything is neat and simple. Let’s take a look at the benefits and features of TaxJar.
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Services and features
Integration
One of the first things you’ll need to make sure is that your accounting tax platform seamlessly works well along with sales funnels. If you’re using multiple sales channels, it is essential to maintain everything in line. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your most important metrics in one spot. So, there’s no need to gather information from multiple sources and then organize it on a single platform. All you have to do is integrate TaxJar and the platform will take care of 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 platforms they are able to integrate with:
Filing
TaxJar lets customers file their sales taxes manually or through the AutoFile feature. For this review, we’ll look at both.
If you choose to do it manually, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing income tax returns The team will guide you on how to handle them. However, it will be up to you and your staff to complete the process on time. TaxJar is only there to guide you on what you should accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out all forms by hand. Through this feature, everything will be automated from calculating sales taxes in order to record and process them. However, there might be extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting woes. Your orders from your e-commerce channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your team will have access to everything you need, like a list of your transactions, reports and data.
The most appealing aspect of the feature you’ve chosen is it allows you to update automatically every day. They not only let you keep track of how much you’ve collected and how much you’ve earned, but they also let you determine when your next payment is due.
The dashboard allows users to view in detail the sales tax totals for your business. Additionally, you can export your data to CSV format. CSV file, if you want to use it in your accounting and financial planning processes or if your team requires it for central 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 search for your documents when you’re in a pinch. Even if you already have your accountant, this function will help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have for other operating costs.
The best part is that TaxJar provides training and tutorials and tutorials, not just for their platform but for anything connected to sales tax. You can look through their guides, webinars, or blog posts for additional details. In addition, their sales tax calculator can be beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to set your budget. Certain platforms have amazing features, but they can be too expensive for businesses. For this reason we’ll take a look at TaxJar’s pricing levels and the features that each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the most suitable plan for you to help you with filing requirements and reporting. It also includes sales tax reporting, 4 autofiles for free each year, and a CSV import. Even with the starter plan, you can access their AI tax tips.
If you’re a small business manager, the plan will be ideal for you. It might not include all the features of TaxJar, but it has the essentials that you need.
Additionally, you can contact the support team via their email support chart. Additionally, you’ll have access to their integration tools.
Professional
If you’re looking for that is more than the basics Professional could be the one for you. It starts at $99, but you can increase it by adding custom features.
What is the difference from the basic plan?
Apart from having access to each of Starter plan’s features, you also get access to their phone customer support access to APIs, as well as sophisticated 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 the Premium plan instead. It includes all of the features you need to help with your taxes. In addition, they offer unlimited data import integrations Integrations with APIs, teams of users as well as AutoFiles.
They also have a team dedicated to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. Woocommerce Integration With TaxJar
However, they did mention that this plan is customized to each user. Therefore, the cost will differ in line with what you require for your business.
Free Trial
It’s a good thing that you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still looking into other options, they have a 30-day free trial. This should give you enough time to determine whether the service is the right choice for you.
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Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar Let’s relax. To sum it all up we’ll go over the advantages and disadvantages of using TaxJar for your company.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- 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
- 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 out TaxJar provides a fantastic platform to businesses with many sales channels and utilizes many platforms. If this sounds like the way you do, then you should try this.
Not only can it assist you in keeping track of your products and revenue however, it will also help you meet your deadlines. It is also a great option for accountants as they offer the Tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
Utilizing TaxJar will help you reduce time and keep track of every deadline and requirement you have to meet. If you’re living in a region with a lot of tax regulations, this will surely help you wrap your mind around it. Woocommerce Integration With TaxJar
However, if managing taxes is easy If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. In addition, if you find the entire process easy to do and you’re comfortable with it, you may be better to do it on your own.
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FAQ Woocommerce Integration With TaxJar
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transactions’ amounts are in US$. If you’re using another currency, you’ll have to convert it into US$ before TaxJar determines the tax.
