Woocommerce Vs TaxJar

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Taxes are always one of the hardest things to do regardless of whether you’re running an enterprise or not. More so if you don’t have any experience in finance or accounting. Tax-related work aren’t easy, particularly when you’re filled with tasks to complete. In the event that you do not have enough money to hire an accountant, doing it on yourself can be dangerous. If you make a mistake, you might need to repeat the process!

Almost everyone wants to skip this step. But , as it’s a requirement, we have no choice.

So what can we do about it?

It is always possible to simplify our lives by using tools like TaxJar.

We’ll look at this life-saving tool and explain how it can benefit you. Even though this is a long read, you should be able to determine if TaxJar is the tool you require right now.

Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.

If you prefer to read, then let’s get right into it.

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What is TaxJar? Woocommerce Vs TaxJar

Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It is a solution for the entire life cycle. Additionally, you can use it across all the sales channels you use to ensure compliance with sales taxes. It makes the process simpler that could can take days to complete, and can be completed in a matter of 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 online business owners to make their business more organized and straightforward. Let’s explore the features and services offered by TaxJar.

Woocommerce Vs TaxJar

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Services and features

Integration

One of the first things you’ll need to ensure is that your accounting tax platform perfectly integrates with your sales channel. If you’re selling through multiple channels, you need to maintain everything in line. The final thing you would like is to face a penalty due to missing a single minor point.

TaxJar allows you to show your key data in one location. So, there’s no requirement to collect data from different channels and organize it into one platform. All you have to do is integrate TaxJar, then the system will do the rest.

Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows customers to file their sales taxes manually or through TaxJar’s AutoFile feature. For this review, we’ll dig into both.

If you opt to go it alone, TaxJar will allow you to connect all those sales tools. When it comes time to the filing of income tax returns TaxJar will train you on managing them. However, it will be up to you and your team members to complete everything on time. TaxJar is there to guide you on what you need to do , but not to handle 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. This feature will ensure that everything will be automated, from calculating taxes on sales through recording, and then processing it. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you chose.

Sales Tax Reports

As mentioned earlier it is possible to use TaxJar to help you with your accounting problems. The orders you place through your online channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your team will have access to all the information you require, including a list of your transactions, reports and the data.

The most appealing aspect of this option is the fact that they allow you to update automatically every day. Not only will they let to know the amount you’ve earned and how much you’ve earned, but they also let you keep track of when the next payments are due.

Their dashboard also allows you to see the total sales tax within your company. You can also export your data as the form of a CSV file, if you want to use it to aid in financial planning and accounting processes or if your team needs it to run centralized reports.

Training and Streamlining

TaxJar assists in organizing and keeping the track of all the sales avenues you use. It means you don’t need to hunt for your paperwork when you’re in a pinch. Even even if you already have an accounting firm, the feature will help them be more efficient.

Furthermore, knowing the estimated amount for your sales tax in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have for other operational expenses.

But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform but all things that has to do with sales tax. Check out their guides, webinars, and blog for more info. In addition, their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.

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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 expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing structures and what each of those options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.

Starter

The Starter plan starts at $19. The company claims that it’s the best plan for those who need assistance with filing requirements and reporting. It also includes the tax on sales, four annual AutoFiles for free, as well as an CSV import. Even with the starter plan, you have access to their AI tax advice.

If you’re a small-scale business owner, this plan should be ideal for you. It may not offer all the features offered by TaxJar, but it has the essentials that you need.

You can also contact their support team with their support chart for email. You’ll also be able to use their integration capabilities.

Professional

If you’re looking for that is more than the standard features and options, 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.

What is the difference from the starter plan?

Apart from having access to all of the Starter plan’s features, you also have their support via phone Access to APIs, phone support, and sophisticated CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.

Premium

If you have a massive business, you might need to opt for an upgrade instead. It has all of the features you need to help with your taxes. Moreover, they allow unlimited import integrations of data, API integrations, team users as well as AutoFiles.

There is also a team who are devoted in managing your accounts. They don’t reveal how much the Premium plan costs you. Woocommerce Vs TaxJar

However, they did mention that this plan is tailor-fit for each user. The cost of the plan will be different depending on what you need to run your business.

Free Trial

It’s a good thing that you don’t have to risk your money to determine if this service is right for you. If you’re still looking into 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.

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Pros and Cons

Now that we’ve covered all you should be aware of TaxJar let’s take a break. To sum it all up Here are the pros and cons of using TaxJar to run your business.

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
  • Has support service team
  • The dashboard is simple to navigate
  • It offers a free trial of 30 days.
  • It is possible to integrate it with other platforms.
  • Allows you to track multiple sales channels

Cons

  • Limits for AutoFile are based on 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 clearly laid out, TaxJar can be a great platform companies with many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then must try TaxJar.

Not only can it help you track your revenue and products It can assist you in meeting your deadlines. It’s also an excellent opportunity for accountants since they offer a Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.

Using TaxJar will help you get more done while keeping on top of each deadline and obligation you have to fulfill. If you’re living in a region with a lot of tax laws, this will certainly help you to get your mind around it. Woocommerce Vs TaxJar

But if handling taxes is easy If it isn’t, then TaxJar could be a waste of investment. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of all of it. If you find the entire procedure simple to follow and you’re comfortable with it, you may be better to do it by yourself.

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FAQ Woocommerce Vs TaxJar

What areas does TaxJar offer API support?

TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.

Can I connect Shopify with TaxJar?

Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.

Do I have the ability to convert every kind of currency using TaxJar?

Unfortunately, no. TaxJar doesn’t convert currencies. All transactions are in US$. If you’re using another currency, you will need to convert it to USUSD before TaxJar can calculate the tax.

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