Automatic Tax calculation

Using automatic tax calculation can be highly beneficial, especially if you sell to multiple countries. Here are a few reasons why:

1. Simplifies Tax Management: Managing taxes manually requires familiarity with the tax regulations of each country you sell to. Automatic tax calculation handles this for you, ensuring compliance without the need for in-depth knowledge of each region's tax laws.
2. Saves Time: Setting up and maintaining manual tax rules can be time-consuming. With automatic tax calculation, you can save time by avoiding the constant updates and adjustments required to stay compliant.
3. Reduces Errors: Manual calculations are prone to mistakes, leading to compliance issues and financial penalties. Automatic tax calculation minimizes the risk of errors, providing more accurate tax handling.
4. Scales with Your Business: As your business grows and expands into new markets, automatic tax calculation can easily accommodate the increased complexity without additional effort on your part.

In HeadQ, you can use Stripe's automatic tax calculation feature to streamline your tax processes. Here's how to enable it:

1. Integrate Stripe with HeadQ: If you haven't already, integrate your Stripe account with HeadQ. (You can skip this step if you've already done it.)
2. Enable the Feature in the Payment Settings: Turn on the automatic tax calculation feature in the Payment settings (remember to save).

3. Assign a Product Tax Code: Navigate to the product and ensure that each product has an assigned product tax code.

4. Configure Tax Settings in Stripe: Ensure that the tax calculation settings are properly configured in your Stripe account.

By leveraging automatic tax features in HeadQ, you can focus more on growing your business and less on the intricacies of tax compliance.

Please note that Stripe’s pricing applies to Stripe Tax. Read more about Stripe Tax pricing.