Taxes have always been among the most difficult things to handle regardless of whether you run a business or not. Particularly if you don’t have any experience in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford the budget to engage an accountant doing it on your own can be dangerous. If you make a mistake it could mean you need to repeat the process!
Nearly everyone would prefer to skip this step. But since it’s required to be done, we can’t choose not to.
What can we do about it?
We can make life easier with tools such as TaxJar.
We’ll look at this well-known life-saving tool and explain how it can benefit you. While this is a long read it is possible to assess whether TaxJar is the tool you require in the present.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What is TaxJar Arizona Privilege Tax TaxJar
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it across all your sales channels to make sure you’re in compliance with sales tax requirements. It makes the process simpler that could can take days to complete, and is completed in just a few just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is used extensively by owners of online businesses to make their business more neat and simple. Let’s look into the benefits and features of TaxJar.
Services and features
One of the most important things you’ll need to make sure is your tax-reporting platform seamlessly works well along with sales funnels. If you have multiple sales channels, you must ensure that everything is in order. The last thing you want is to get a penalty for missing a single minor point.
TaxJar allows you to display your critical metrics in one place. So, there’s no requirement to collect information from multiple sources and organize it into one platform. All you need to do is integrate TaxJar then the system will do all the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms that they can connect with:
TaxJar allows customers to make sales tax filings manually or through TaxJar’s AutoFile feature. For the purpose of this article, we’ll take a look at both.
If you choose to do it manually, TaxJar will allow you to connect all your sales platforms. When it comes time to the filing of income tax returns The team will guide you on managing these. However, it will be up to you and your team to complete everything in time. TaxJar is there to guide you on what you have to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. With this feature, everything will be automated, from calculating sales taxes in order to record and process it. There could be additional costs if the feature is you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to ease your accounting problems. The orders you place through your online channels can be put together into one dashboard using this platform. Once you’re on the platform you and your team will have access to all the information you need, such as a list of your transactions, reports, and information.
The greatest benefit of this option is the fact that it lets you to update your account automatically each day. Not only will they let to know the amount you’ve accumulated and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard can also allow users to view in detail the total sales tax for your business. Additionally, you can export the information to a CSV file in case you require it to aid in accounting and financial planning processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep track of all of the sales avenues you use. This means that you don’t have to scramble for your documents whenever you’re in the event of a need. Even when you already have your accountant, this function will aid them in being more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have for other operational expenses.
What’s more is that TaxJar provides training and tutorials and tutorials, not just for their platform but for anything that has to do with sales tax. You can look through their webinars, guides or blog posts for additional info. Apart from that their sales tax calculator can be useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to set your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. That’s why for this section, we’ll look into TaxJar’s pricing structures and the features that each of these plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. They say it’s the best plan if you need help with filing requirements and reporting. It includes sales tax reporting, 4 free yearly AutoFiles, and an CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a small-scale company manager, the plan could be perfect for you. It may not offer all of TaxJar’s features, but it has all the basics you require.
You can also contact their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking for something a bit more than just the basic features, then the Professional plan might be the right one for you. It’s priced at $99 however, it could go up if you add custom features.
What is the difference from the original plan?
In addition to accessing all of the Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge business, you might need to go for an upgrade instead. It includes all of the features that you require to help with your taxes. Additionally, they permit unlimited import integrations of data as well as API integrations, team members as well as AutoFiles.
They also have a staff dedicated for managing the account. But, they don’t divulge the amount that the Premium plan will cost you. Arizona Privilege Tax TaxJar
However, they did mention that this plan is tailor-fit to each user. Therefore, the cost will differ in line with what you require for your business.
Fortunately, you don’t need to gamble your money just to determine if this service is right for you. If you’re still looking into other options, they have a 30-day free trial. This should be enough time to see if the platform is a good fit for you.
Pros and Cons
After we’ve gone over everything you should know about TaxJar let’s take a break. To summarize, here are the advantages and disadvantages of using TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies that have many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then you ought to try this.
Not only will it aid in tracking the sales and profits of your business, but it can also help you meet the deadlines you set. It is also a great platform for an accountant since they have tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
Using TaxJar can help you reduce time and keep the track of each deadline and obligation you have to fulfill. If you’re living in an area with complex tax laws, this can certainly help you to get your mind around it. Arizona Privilege Tax TaxJar
If handling taxes is easy If it isn’t, then TaxJar might not be a good investment. If you have only one or two channels of sales, TaxJar won’t be needed to track everything. If you find the entire process easy to do, you might be better to do it by yourself.
FAQ Arizona Privilege Tax TaxJar
What areas does TaxJar provide API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can connect 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 does not convert currency values. All transaction amounts are n USdollars. If you’re using a different currency, you will need to convert it to US$ prior to when TaxJar will calculate your tax.