Taxes have always been among the most difficult tasks to complete, whether you’re running a business or not. Even more so if you do not have a background in finance or accounting. Tax-related work aren’t easy, particularly when you’re packed with things to do. If you don’t have enough money to engage an accountant making it your own could be risky. If you make a mistake it could mean you have to do it all over again!
Almost everyone wants to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
So , what can we do ?
We can make our lives easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can assist you. Even though this is an extensive read but you’ll be able to assess whether TaxJar is exactly what you need right now.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar? Amazon Fullfilment Center Locations TaxJar
The company was founded in 2013 TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It’s a solution for your entire sales tax life cycle. Additionally, you can use it in all of your channels of sales to make sure you’re in compliance with sales taxes. It makes the process simpler that could require days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is neat and simple. Let’s take a look at the benefits and features of TaxJar.
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Features and services
Integration
One of the first things you’ll need to ensure you have a tax accounting system perfectly integrates along with sales funnels. If you’re using multiple sales channels, you must keep everything in place. The most important thing is not to face a penalty due to missing a single minor point.
TaxJar allows you to display your critical data in one location. This means that there is no requirement to collect data from different channels and sort it into one platform. All you have to do is connect TaxJar and the platform will do all the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of the platforms they can integrate with:
Filing
TaxJar lets customers make sales tax filings by hand or using the AutoFile feature. In our review we’ll take a look at both.
If you opt to go it alone, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing income tax returns The team will guide you on how to manage the tax returns. It is up to you and your team to finish the tax returns on time. TaxJar is there to help you understand what you need to do , but not to handle it.
If you 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. Through this feature, everything will be automated, from calculating sales taxes in order to record and process it. But, it is possible to incur extra fees if not included in the plan you choose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to help you with your accounting issues. The orders you place through your online channels can be put together into one dashboard using this platform. From there you and your staff can access everything you need, such as a list of your transactions, reports, and information.
The best part about the feature you’ve chosen is they allow you to update automatically every day. Not only will they let you know how much you’ve collected however, they can also help you keep track of when the next payments are due.
Their dashboard can also allow you to see the sales tax totals in your business. It is also possible to export the data to the form of a CSV file if you need it for your process of financial planning and accounting or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all the sales avenues you use. This means that you don’t have to scramble for your documents when you’re when you’re in a pinch. Even if you already have your accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have to cover other operating expenses.
The best part is that TaxJar offers tutorials and training not only on their platform, but for anything that has to do with sales tax. Check out their guides, webinars, and blog for more info. Additionally their sales tax calculator is useful if you’re planning to do everything on your own.
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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. That’s why for this section we’ll examine TaxJar’s pricing structures and what each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan costs $19. They say it’s the best plan for those who need assistance in filing and reporting. It includes the tax on sales, four annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you will be able to access their AI tax advice.
If you’re a small-scale business manager, the plan could be perfect for you. It may not offer all the features offered by TaxJar but it comes with the basic features you require.
You can also contact their customer support via their support chart for email. You’ll also have access to their integration features.
Professional
If you’re looking for that is more than the standard features, then the Professional plan might be the right 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 have their phone customer support, API access, and advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you have a massive company, you may need to opt for premium plans instead. It comes with all the features you need to help with your taxes. Additionally, they permit unlimited import integrations of data API integrationsfor team members as well as AutoFiles.
They also have a team that is devoted in managing your accounts. They don’t reveal the price of the Premium plan. is going to cost. Amazon Fullfilment Center Locations TaxJar
But they did state that the plan is custom-made for every user. Therefore, the cost will differ depending on what you need for your business.
Free Trial
Luckily, you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still looking into various options, they provide 30 days of free trial. It should give you enough time to determine whether the software is an excellent fit for you.
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Pros and Pros and
After we’ve gone over everything you should know about TaxJar Let’s relax. To summarize, here are the pros and cons of using TaxJar to run your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only valid for USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything laid out TaxJar can be a great platform companies with many sales channels and utilizes many platforms. If that’s what you’re doing, then must try TaxJar.
Not only will it help you track the sales and profits of your business It can assist you in meeting the deadlines you set. It is also a great opportunity for accountants since they have a Tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
The use of TaxJar can help you get more done while keeping track of every deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this can certainly help you to get your head around the subject. Amazon Fullfilment Center Locations TaxJar
But if handling your taxes is simple and straightforward, then TaxJar might not be a good expense. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you’re finding the entire procedure simple to follow, you might be better in doing it all by yourself.
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FAQ Amazon Fullfilment Center Locations TaxJar
What are the areas in which TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions’ amounts are in US$. If you’re using another currency, you’ll need to convert it into US$ prior to when TaxJar determines the tax.
