Taxes have always been among the most difficult tasks to complete regardless of whether you run an enterprise or not. More so if you don’t have any experience in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is filled with tasks to complete. When you’re not able to afford enough money to employ an accountant, performing the task on yourself can be dangerous. If you make a mistake and you don’t know it, you may have to do it all over again!
Most people want to skipping this step. But , as it’s a requirement, we have no choice.
What can we do ?
We can always make our lives easier by using tools like TaxJar.
We’ll look at this well-known life-saving device and how it can assist you. Even though this is lengthy but you’ll be able to determine if TaxJar is exactly what you need in the present.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, let’s dive right in.
What exactly is TaxJar? Amazon Fba Address Pennsylvania TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it in all of your channels of sales to ensure that you are in compliance with sales taxes. It simplifies the processes that take days to complete and is completed in just a few just a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is used extensively by online business owners to keep everything simple and organized. Let’s look into their features and services.
Features and services
One of the first things you’ll need to make sure is your tax-reporting platform seamlessly works well with your sales channel. If you’re selling through multiple channels, it is essential to keep everything in place. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to show your critical data in one location. So, there’s no need to gather data in multiple channels and then organize it on a single platform. All you have to do is to integrate TaxJar it will take care of all the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they can integrate with:
TaxJar lets customers make sales tax filings by hand or using their AutoFile feature. For this review, we’ll look at both.
If you choose to go it alone, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for the filing of income tax returns The team will guide you on how to manage these. It is up to you and your staff to finish the tax returns in time. TaxJar is there to help you understand what you have to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. This feature will ensure that everything will be automated from calculating taxes on sales in order to record and process them. However, there might be additional charges if they are you do not include this feature in the plan you select.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. From there, you and your team can access everything you need, such as an inventory of your transactions, reports, as well as the data.
The best part about this feature is that it lets you to automatically update every day. They not only let to know the amount you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the overall sales taxes within your company. Additionally, you can export the information to a CSV file in case you require it to aid in process of financial planning and accounting or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. That means you won’t have to hunt for your paperwork when you need them when you’re in a pinch. Even if you already have your accountant, this function will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your money more efficiently. You’ll know better how much budget you have to cover other operational expenses.
What’s more is that TaxJar provides training and tutorials, not just on their platform, but for anything related to sales tax. Check out their guides, webinars, or blog posts for additional info. Apart from that their sales tax calculator should be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. This is why in this section we’ll take a look at TaxJar’s pricing structures and the features that each of these options can offer you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. They claim that it’s the best plan if you need help with filing requirements or reporting. It also includes taxes on sales and sales as well as four annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you will be able to access their AI tax advice.
If you’re a smaller business manager, the plan could be perfect for you. It may not have all the features offered by TaxJar but it comes with all the basics you require.
Additionally, you can contact the support team via their support chart for email. You’ll also be able to use their integration features.
If you’re looking for something a bit more than just the basics Professional could be the one for you. The price starts at $99 however, it could go up by adding custom features.
So how different is it from the original plan?
In addition to having access to 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. They also allow you to have 12 free AutoFiles each year.
If you own a huge enterprise, you may want to go for premium plans instead. It includes all of the features that you require to make your tax filing easier. Additionally, they permit unlimited data import integrations as well as API integrations, team members and AutoFiles.
They also have a team dedicated for managing the account. However, they don’t disclose how much the Premium plan is going to cost. Amazon Fba Address Pennsylvania TaxJar
But they did state that this plan is tailor-fit for each user. So the costs will vary according to what you require for your company.
Fortunately, you don’t need to gamble your money just to see if this platform is the right one for you. If you’re still considering various options, they provide 30 days of free trial. It should give you enough time to gauge whether the service is a good fit for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a break. To summarize Here are the pros and cons of using TaxJar for your business.
- Has a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses plenty of platforms. If that’s what you’re doing, then you ought to try this.
Not only will it aid in tracking your revenue and products, but it can also help you meet your deadlines. It is also a great platform for an accountant since they have the Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
Using TaxJar can help you save more time while keeping the track of each deadline and obligation you have to meet. If you’re in an area with complex tax regulations, this will surely help you wrap your mind around it. Amazon Fba Address Pennsylvania TaxJar
If handling taxes is easy, then TaxJar could be a waste of investment. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. If you find the entire process easy to do and you’re comfortable with it, you may be better to do it by yourself.
FAQ Amazon Fba Address Pennsylvania TaxJar
Which areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can connect your Shopify account with 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 currencies. The transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it into US$ prior to when TaxJar determines the tax.