Taxes are always one of the most difficult things to handle regardless of whether you run your own business or not. Particularly if you don’t have any experience in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is full of things to be done. When you’re not able to afford the budget to engage an accountant making it your own could be risky. If you miss one detail, you might have to redo things again!
Most people want to skipping this step. But since it’s required to be done, we can’t choose not to.
What can we do ?
We can always make life easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. Although this is quite an extensive read, you should be able to assess whether TaxJar is what you need in the present.
Do you prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
But for those who prefer to read, then let’s dive right in.
What is TaxJar Woocommerce TaxJar Alternatives
Founded in 2013, TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it in all of your channels of sales to ensure compliance with your sales taxes. It streamlines processes that take days to complete and finish within only a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to make their business more organized and straightforward. Let’s look into the features and services offered by TaxJar.
Services and features
One of the first things you’ll want to check is that your accounting tax system perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to maintain everything in line. The last thing you want is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your most important data in one location. This means that there is no requirement to collect information from multiple sources and organize it into a single platform. All you need to do is integrate TaxJar, and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms that they can connect with:
TaxJar allows clients to file their sales taxes either manually or via the AutoFile feature. For this review, we’ll look into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When the time is right for the filing of income tax returns The team will guide you on how to manage them. It is up for you and your staff to complete the process in time. TaxJar is there to 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 submit the forms in a manual manner. Through this feature, everything is automated, from calculating sales taxes through recording, and then processing it. However, there might be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. From there you and your staff will have access to all the information you require, including a list of your transactions, reports and the data.
The best part about this feature is that they allow you to update automatically every day. Not only can they help you know how much you’ve accumulated, but they also help you keep track of when the next payments are due.
The dashboard allows users to view in detail the total sales tax for your business. Additionally, you can export the information to the form of a CSV file if you need it to aid in financial planning and accounting processes or if your team requires it for central reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. 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 accounting firm, the feature will make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your money more efficiently. You’ll know better how much budget you have available for other operational costs.
The best part is that TaxJar offers training and tutorials, not just on their platform, but everything that has to do with sales tax. Check out their webinars, guides, and blog for more info. In addition their sales tax calculator is beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing tiers and the features that each of these choices can provide you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the most suitable plan for you if you need help with filing requirements and reporting. It 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 advice.
If you’re a smaller business proprietor, then this program should 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 their customer support via their support chart for email. Additionally, you’ll have access to their integration features.
If you’re looking for different from the basic features Professional may be the best option for you. It starts at $99, however, it could go up by adding custom features.
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 the support of their customer service via phone access to APIs, as well as the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
If you have a massive company, you may need to go for the Premium plan instead. It includes all of the features that you require to help with your taxes. In addition, they offer unlimited integrations with data imports, Integrations with APIs, teams of users and AutoFiles.
There is also a team who are devoted to managing your account. However, they don’t disclose how much the Premium plan will cost you. Woocommerce TaxJar Alternatives
However, they did say that this plan is tailor-fit to each user. Therefore, the cost will differ depending on what you need for your company.
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 30 days of free trial. This should be enough time to see if the platform is the right choice for you.
Pros and Pros and
After we’ve gone over everything you must know about TaxJar let’s take a break. To summarize, here are the advantages and disadvantages of using TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides an online sales tax 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.
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes plenty of platforms. If that sounds like what you’re doing, then you must try TaxJar.
It’s not just a way to assist you in keeping track of the sales and profits of your business, but it can help you meet your deadlines. It is also a great platform for an accountant since they have a Tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.
Using TaxJar can help you get more done while keeping the track of each deadline and obligation you have to meet. If you’re in a place with complicated tax laws, this can surely help you wrap your mind around it. Woocommerce TaxJar Alternatives
If handling your taxes is simple If it isn’t, then TaxJar could be a waste of expense. If you only have one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you find the entire procedure easy to complete and you’re comfortable with it, you may be better to do it by yourself.
FAQ Woocommerce TaxJar Alternatives
Which areas does TaxJar offer API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions are in US$. If you’re using another currency, you’ll have to convert it into USdollars prior to when TaxJar can calculate the tax.