Taxes have always been among the most difficult things to handle regardless of whether you’re running an enterprise or not. More so if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is full of things to be done. If you don’t have the funds to hire an accountant, doing it on your own could be dangerous. If you miss one detail, you might need to repeat the process!
Almost everyone wants to skip this step. However, since it’s mandatory, we have no choice.
So what can we do ?
We can always simplify our lives with tools such as TaxJar.
We’ll look at this life-saving tool and how it can benefit you. Although this is quite an extensive read, you should be able to assess whether TaxJar is the tool you require right now.
Are you looking to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, then let’s dive right in.
What is TaxJar? Arizona Sales Taxes TaxJar
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. TaxJar is a solution to the entire life cycle. In addition, you can apply it in all of the sales channels you use to make sure you’re in compliance with your sales taxes. It makes the process simpler that could require days to complete and finish within just a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by online business owners to ensure that everything is organized and straightforward. Let’s look into the benefits and features of TaxJar.
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Services and features
Integration
One of the most important things you’ll want to check is your tax-reporting system seamlessly works well along with sales funnels. If you’re using multiple sales channels, it is essential to ensure that everything is in order. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your key metrics in one spot. So, there’s no need to gather data from different channels and then organize it on one platform. All you have to do is integrate TaxJar and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar lets customers file their sales taxes by hand or using TaxJar’s AutoFile feature. For this review, we’ll take a look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect your sales platforms. When it comes time to the filing of income tax returns, the team will instruct you on how to handle the tax returns. It is up to you and your team members to finish the tax returns in time. TaxJar is only there to guide you on what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. Through this feature, everything will be automated from calculating sales taxes to recording and processing it. But, it is possible to incur additional charges if they are not part of the plan you choose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be combined into one dashboard using this platform. From there you and your team will have access to everything you require, including the list of transactions, reports, and the data.
The most appealing aspect of this feature is that they allow you to update your account automatically each day. Not only can they help you know how much you’ve earned however, they can also help you determine when your next payment is due.
Their dashboard can also allow you to see the sales tax totals within your company. You can also export the data in a CSV file, if you want to use it in your financial planning and accounting processes or if you require it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all the sales avenues you use. It means you don’t need to search for your documents when you’re in the event of a need. Even even if you already have an accountant, this function can help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have to cover other operating expenses.
But what’s even better is that TaxJar offers training and tutorials, not just for their platform but everything related to sales tax. You can look through their webinars, guides or blog posts for additional information. Apart from that, their sales tax calculator is beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing structures and the features that each of these choices can provide you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan starts at $19. The company claims that it’s the most suitable plan for you for those who need assistance in filing and reporting. It also includes sales tax reporting, four annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a small company proprietor, then this program will be perfect for you. It might not include all the features offered by TaxJar however, it does include the essentials that you need.
In addition, you can reach their support team with their email support chart. You’ll also be able to use their integration features.
Professional
If you’re looking for that is more than the basics and options, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher if you add custom features.
What is the difference from the original plan?
Apart from having access to all of the Starter plan’s features, you also get access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you own a huge company, you may need to opt for premium plans instead. It has all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited integrations with data imports, Integrations with APIs, teams of members, and AutoFiles.
They also have a staff that is devoted in managing your accounts. However, they don’t disclose the price of the Premium plan. costs you. Arizona Sales Taxes TaxJar
But they did state that this plan is customized to each user. The cost of the plan will be different according to what you require for your company.
Free Trial
Luckily, you don’t have to bet your life on it to find out if the platform is for you. If you’re still considering other options, they have a 30-day free trial. This should give you enough time to see whether the software is a good fit for you.
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Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a break. In order to sum up the whole thing, here are the advantages and disadvantages of the use of TaxJar for your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- 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 applicable for USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies with multiple sales channels and uses numerous platforms. If that’s what you’re doing, then you ought to try this.
Not only will it assist you in keeping track of your revenue and products however, it will help you meet the deadlines you set. This is also an excellent opportunity for accountants since they offer the Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
The use of TaxJar can allow you to get more done while keeping track of every deadline and requirement you have to fulfill. If you live in an area with complex tax laws, this can surely help you wrap your head around the subject. Arizona Sales Taxes TaxJar
But if handling your taxes is simple and straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better in doing it all by yourself.
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FAQ Arizona Sales Taxes TaxJar
What are the areas in which TaxJar offer API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it to US$ before TaxJar will calculate your tax.
