Taxes have always been among the most difficult things to handle, whether you’re running a business or not. Particularly if you don’t have any experience in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is packed with things to do. If you don’t have enough money to employ an accountant, making it yourself can be risky. If you make a mistake it could mean you have to do it all over again!
Almost everyone wants to skipping this step. However, since it’s mandatory, we have no choice.
So , what is the best way to deal with it?
We can always simplify our lives by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and how it can help you. While this is lengthy but you’ll be able to determine if TaxJar is what you need right now.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete 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 Double Tax
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it in all of your sales channels to make sure you’re in compliance with your sales taxes. It makes the process simpler that could take days to complete and is completed in just a few just a few minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by owners of online businesses to make their business more simple and organized. Let’s explore the features and services offered by TaxJar.
Services and features
One of the first things you’ll need to make sure you have a tax accounting system perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must keep everything in place. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar lets you display your critical data in one location. 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 to integrate TaxJar, and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms they are able to integrate with:
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. For our review we’ll look at both.
If you choose to do it manually, TaxJar will allow you to connect all of your sales platforms. When it comes time to filing income tax returns The team will guide you on managing these. However, it will be up for you and your staff to finish the tax returns in time. TaxJar is there to provide guidance on what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out the forms in a manual manner. This feature will ensure that everything will be automated from calculating sales taxes in order to record and process it. But, it is possible to incur extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting issues. The orders you place through your online channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your staff will have access to all the information you need, like the list of transactions, reports and the data.
The most appealing aspect of this option is the fact that they allow you to update your account automatically each day. Not only can they help to know the amount you’ve collected, but they also help you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the sales tax totals in your business. It is also possible to export the information as CSV format. CSV file in case you require it in your process of financial planning and accounting or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the channels you sell through. It means you don’t need to scramble for your documents when you’re in the event of a need. Even even if you already have an accountant, this feature can make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds better. You’ll know better how much budget you have for other operational expenses.
What’s more is that TaxJar provides training and tutorials and tutorials, not just for their platform but all things related to sales tax. You can check out their webinars, guides as well as their blog to find more info. Additionally, their sales tax calculator can be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing features, but they can be too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing levels and the features that each of these choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. The company claims that it’s the most suitable plan for you to help you with filing requirements or reporting. It includes taxes on sales and sales as well as 4 free yearly AutoFiles, and a CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a small company manager, the plan will be perfect for you. It may not offer all the features offered by TaxJar but it comes with all the basics you require.
Additionally, you can contact the support team via their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking for something that is more than the basics and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional 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 advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you run a large enterprise, you may want to choose premium plans instead. It has all of the features you need to help with your taxes. Moreover, they allow unlimited integrations with data imports API integrationsfor team members, and AutoFiles.
There is also a team dedicated in managing your accounts. However, they don’t disclose how much the Premium plan costs you. Woocommerce TaxJar Double Tax
But they did state that this plan is customized to each user. The cost of the plan will be different according to what you require to run your business.
Fortunately, you don’t need to bet your life on it to see if this platform is for you. If you’re still considering different options, they offer a 30-day free trial. This should be enough time to determine whether the service is the right choice for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing Here are the pros and cons of making use of TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only valid for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies that have multiple sales channels and uses plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
It’s not just a way to aid in tracking the sales and profits of your business, but it can also help you meet the deadlines you set. This is also an excellent option for accountants as they provide the Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Using TaxJar will help you reduce time and keep track of every deadline and requirement you have to meet. If you live in an area with complex tax laws, this can surely help you wrap your head around the subject. Woocommerce TaxJar Double Tax
If handling taxes is easy 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. In addition, if you find the whole process easy to do, you might be better to do it on your own.
FAQ Woocommerce TaxJar Double Tax
Which areas does TaxJar offer API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it into USdollars before TaxJar can calculate the tax.