Taxes are always one of the most difficult tasks to complete, whether you’re running your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related tasks aren’t easy, particularly when you’re packed with things to do. If you don’t have the budget to engage an accountant performing the task on your own can be risky. If you overlook one thing, you might have to redo things again!
Almost everyone wants to skipping this step. But , as it’s a requirement and mandatory, there’s no other choice.
So , what is the best way to deal with it?
We can make life easier with tools such as TaxJar.
Here we’ll take a look at this life-saving device and how it can benefit you. While this is a long read but you’ll be able to assess whether TaxJar is what you need in the present.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, let’s get right into it.
What is TaxJar Arizona Sales Tax TaxJar
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It is a solution for the entire life cycle. Additionally, you can use it across all your channels of sales to ensure that you are in compliance with your sales taxes. It makes the process simpler that could require days to complete and is completed in just a few just a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is extensively used by business owners who run online businesses to ensure that everything is simple and organized. Let’s take a look at the benefits and features of TaxJar.
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Features and services
Integration
One of the most important things you’ll need to make sure is that your accounting tax platform perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to ensure that everything is in order. The last thing you want is to be penalized for missing a single minor point.
TaxJar allows you to show your critical metrics in one place. That way, there’s no need to gather information from multiple sources and sort it into one platform. All you need to do is integrate TaxJar it will handle the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar allows clients to file their sales taxes either manually or via the AutoFile feature. In the purpose of this article, we’ll take a look into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. When the time is right for the filing of income tax returns TaxJar will train you on how to handle the tax returns. However, it will be up for you and your staff to complete the process in time. TaxJar is there to provide guidance on what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. Through this feature, everything is automated, from calculating taxes on sales in order to record and process them. However, there might be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting issues. The orders you place through your online channels can be compiled into a single dashboard through this platform. From there you and your staff will have access to all the information you need, like the list of transactions, reports, as well as information.
The best part about this feature is that it lets you to update your account automatically each day. They not only let you keep track of how much you’ve accumulated and how much you’ve earned, but they also let you track when your following payment is due.
The dashboard allows you to fully view the sales tax totals for your business. You can also export the data as the form of a CSV file in case you require it to aid in financial planning and accounting processes or if you require it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep the track of all the channels you sell through. That means you won’t have to search for your documents whenever you’re in the event of a need. Even when you already have your accountant, this function can help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will help you plan your funds more effectively. You’ll be aware of the budget you have available for other operational costs.
What’s more is that TaxJar provides training and tutorials, not just on their platform, but all things connected to sales tax. Check out their webinars, guides and blog for more information. In addition the sales tax calculator can be beneficial when you’re planning to complete everything yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms provide amazing features, but they can be too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of those options can offer you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the best plan if you need help with filing requirements and reporting. It includes taxes on sales and sales as well as four free yearly AutoFiles, and an CSV import. Even with the starter plan, you can access their AI tax recommendations.
If you’re a small-scale business owner, this plan could be ideal for you. It might not include all of TaxJar’s features, but it has the essentials that you need.
In addition, you can reach their customer support via their support chart for email. You’ll also be able to use their integration tools.
Professional
If you’re looking for something a bit more than just the standard features, then the Professional plan 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 have their phone customer support access to APIs, as well as advanced CSV import. You can also have 12 free AutoFiles each year.
Premium
If you have a massive business, you might need to choose an upgrade instead. It has all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited data import integrations, API integrations, team users, and AutoFiles.
There is also a team dedicated in managing your accounts. But, they don’t divulge how much the Premium plan costs you. Arizona Sales Tax TaxJar
However, they did mention that the plan is custom-made to each user. The cost of the plan will be different depending on what you need to run your business.
Free Trial
It’s a good thing that you don’t have to bet your life on it to determine if this service is for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. This should give you enough time to gauge whether the software is an excellent fit for you.
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Pros and Pros and
After we’ve gone over everything you need to know about TaxJar let’s take a breather. To sum it all up, here are the advantages and disadvantages of using TaxJar to run your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers 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
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only valid for USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies with many sales channels and utilizes many platforms. If that’s what you’re doing, then you should try this.
It’s not just a way to assist you in keeping track of your products and revenue, but it can help you meet the deadlines you set. It is also a great platform for an accountant since they offer a Tax Advisor program. There are tips to follow and learn from their sessions on taxes by using it.
The use of TaxJar can allow you to get more done while keeping on top of each deadline and obligation you have to fulfill. If you’re in an area with complex tax laws, this will definitely help you get your head around the subject. Arizona Sales Tax TaxJar
However, if managing taxes is easy, then TaxJar might not be a good expense. If you only have one or two sales channels, TaxJar won’t be needed to track everything. If you find the entire procedure easy to complete and you’re comfortable with it, you may be better in doing it all on your own.
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FAQ Arizona Sales Tax TaxJar
What areas does TaxJar provide API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it into USdollars prior to when TaxJar will calculate your tax.
