Taxes are always one of the hardest things to do regardless of whether you’re running a business or not. Even more so if you do not have a background in finance or accounting. Tax-related tasks can be overwhelming, especially when you’re packed with things to do. When you’re not able to afford the budget to hire an accountant, performing the task on yourself can be risky. If you miss one detail, you might need to repeat the process!
Almost everyone wants to skip this step. However, since it’s mandatory and mandatory, there’s no other choice.
So , what can we do ?
We can always make life easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can assist you. While this is a long read it is possible to assess whether TaxJar is exactly what you need in the present.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar? Woocommerce TaxJar Doesn’T Calculate Tax Unless Logged Into WordPress
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. In addition, you can apply it in all of your sales channels to make sure you’re in compliance with sales taxes. It makes the process simpler that could can take days to complete, and finish within minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this 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.
Features and services
One of the most important things you’ll need to make sure you have a tax accounting platform perfectly integrates along with sales funnels. If you’re selling through multiple channels, it is essential to ensure that everything is in order. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to show your key metrics in one place. This means that there is no need to gather information from multiple sources and sort it into one platform. All you need to do is connect TaxJar, then the system will take care of the rest.
In addition, TaxJar also integrates with other platforms that can help with payments. Here’s a list of platforms they can integrate with:
TaxJar allows clients to file their sales taxes manually or through their AutoFile feature. In this review, we’ll look into both.
If you decide to do it manually, TaxJar will allow you to connect all of those sales tools. When it comes time to filing tax returns for income The team will guide you on how to manage these. However, it will be up for you and your team to complete the process within the timeframe. TaxJar will only provide guidance on what you have 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 any forms manually. With this feature, everything is automated, from calculating sales taxes through recording, and then processing them. But, it is possible to incur extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your team will have access to all the information you need, such as a list of your transactions, reports and the 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 know how much you’ve accumulated and how much you’ve earned, but they also let you determine when your next payments are due.
The dashboard allows you to fully view the total sales tax within your company. You can also export the data to a CSV file if you need it for your process of financial planning and accounting or if your team needs it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the sales avenues you use. That means you won’t have to scramble for your documents when you need them in the event of a need. Even if you already have your accounting firm, the feature can help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will help you plan your funds better. You’ll know exactly how much budget you have to cover other operating costs.
The best part is that TaxJar offers training and tutorials not only for their platform , but also for anything related to sales tax. You can check out their webinars, guides, or blog posts for additional info. Apart from that, their sales tax calculator should be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. They claim that it’s the best plan if you need help with filing requirements and reporting. It comes with the tax on sales, four free yearly AutoFiles, and a CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a smaller business owner, this plan should be ideal for you. It may not offer all of TaxJar’s features, but it has the essentials that you need.
You can also contact their support team with their email support chart. You’ll also have access to their integration features.
If you’re looking for a bit more than just the basics, then the Professional plan could be the one for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the starter plan?
In addition to accessing all of the Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive business, you might need to go for the Premium plan instead. It comes with all the features needed to aid in your tax preparation. Moreover, they allow unlimited data import integrations Integrations with APIs, teams of members, and AutoFiles.
There is also a team dedicated for managing the account. But, they don’t divulge the amount that the Premium plan will cost you. Woocommerce TaxJar Doesn’T Calculate Tax Unless Logged Into WordPress
But they did state that this plan is customized for every user. So the costs will vary according to what you require for your business.
Luckily, you don’t have to gamble your money just to determine if this service is right for you. If you’re still looking into other options, they have 30 days of free trial. This should be enough time to gauge whether the software is an excellent 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, here are the advantages and disadvantages of using TaxJar for your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers on the internet for sales tax 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
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable for USA customers.
- Needs accountants and owners to check local legislation
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies that have multiple sales channels and uses plenty of platforms. If this sounds like the way you’re doing, then you ought to try this.
It’s not just a way to assist you in keeping track of your products and revenue, but it can also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they have the Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
Utilizing TaxJar can allow you to get more done while keeping the track of each deadline and obligation you have to meet. If you live in an area with complex tax laws, this can definitely help you get your mind around it. Woocommerce TaxJar Doesn’T Calculate Tax Unless Logged Into WordPress
But if handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you find the entire process easy to do then you’re better in doing it all by yourself.
FAQ Woocommerce TaxJar Doesn’T Calculate Tax Unless Logged Into WordPress
What areas does TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify together 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 type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions are in US$. If you’re using another currency, you will need to convert it into USUSD prior to when TaxJar determines your tax.