Keap Ultimate now supports automated tax calculation using Stripe Automated Sales Tax. With Stripe Automated Sales Tax, you no longer need to manage a manual tax table to ensure the correct amount of tax is being collected at all times. Once connected, Stripe Tax offers free threshold monitoring on your transactions, which shows you when and where you have obligations to register to collect taxes. Once you add your respective registrations to Stripe Tax. Stripe will calculate and collect the right amount of tax based on the product sold and the location of the buyer referenced by the billing address (down to postal code or equivalent). Stripe will store any transactions tied to a location with an active registration and make them available in two different report types (itemized and summarized), depending on how you’d like to file. All that data can be shared with an accountant or one of Stripe’s tax filing partners to speed up filing taxes. On top of all this, Stripe Tax is compatible with all of our currently supported merchant processors. The current fee for this service is $0.50 per transaction, where you’re registered to collect taxes. Learn more about pricing here.
Get Started
No Stripe Account Connected
Go to the E-commerce Setup Page
Then click on Sales Tax Card
Then choose Automated Sales Tax
Then you will see a gray box explaining the feature with a blue button below says connect to Stripe that needs to be clicked.
Then this will take you through the Stripe onboarding/Sign in flow as you will need to have a Stripe account set up to use this feature (Even if you are not choosing to process transactions through Stripe).
Once the Stripe account is set up you will be navigated to the Tax section of the Stripe dashboard. You need to configure your tax settings within the Dashboard and take the following steps:
Add your origin address. Review and confirm that your details are correct.
Select a default tax category. We use it to apply the correct tax rate.
Add tax registrations. Add an active tax registration when you’ve exceeded a tax threshold.
You will see a message from Stripe about an integration component. This is not necessary as you are already fully integrated at this point.
View Stripe Tax set-up guide here.
After this is completed you will be brought back to the Tax Settings Page In Keap where you will see the gray warning box is now a Card showing your Stripe connection with a Green "Taxes Enabled" in the center.
Click the blue Save button
Now everywhere you process payments you will have your taxes auto calculated.
Stripe Account Connected but Stripe Tax is Not Set Up or Enabled in your Account
Go to the E-commerce Setup Page
Then click on Sales Tax Card
Then choose Automated Sales Tax radio button
You will see a Yellow warning that says taxes are disabled.
You will need to click the "Enable Tax" button in the warning box
You will be navigated to the Tax section of Stripe to register your tax locations you do business as well as turning on the feature.
After this is completed you will be brought back to the Tax Settings Page where you will see the Yellow Warning replaced with a Stripe Card marked with a Green "Taxes Enabled" in the center.
Click the blue Save button
Now everywhere you process payments you will have your taxes auto calculated.
Stripe Account Connected and Stripe Tax Set Up and Enabled in your Stripe Account
Go to the E-commerce Setup Page
Then click on Sales Tax Card
Then choose Automated Sales Tax radio button
You will see a Stripe Card with a Green "Taxes Enabled" in the center.
Click the blue Save button
Now everywhere you process payments you will have your taxes auto calculated.
FAQs
Does using this feature cost me anything?
Yes currently the pricing is 50c per successful Transaction and will be billed via Stripe.
If I don't use Stripe as my merchant processor can I still use this feature?
Yes. The Stripe Tax is a stand alone feature and can be used in conjunction with any other Keap provided merchant. You will however need to have a Stripe account to access the feature.
Where can this feature properly calculate the tax that I am registered in.
Yes, currently Stripe can calculate in over 35 different countries (Listed Here)
If I have a buyer that is in a region that Stripe Tax can not calculate for what happens?
You will need to have Manual tax set up for this region and it will auto default to that given amount or percentage.
Can I switch back and forth between Stripe Tax and Manual Tax if I don't want to pay every time?
You will always have the ability to switch back to manual tax, however this is not something you can set up for just a certain type of order or customer. This is the default setting and without an intervention prior to an order being created if you are set up for Stripe Tax it will default to that feature
Can I pull tax reporting?
Yes, Stripe Tax aggregates transaction data by filing period and summarizes it based on each location’s filing requirements. Additionally, you can export your tax transaction data to complete your tax filings and returns. Learn more about reporting here. Additionally, Stripe Tax provides threshold monitoring which lets you see where you [might] need to pay tax based upon the number of transactions. Learn more here.