Taxes have always been among the most difficult tasks to complete regardless of whether you’re running a business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have the budget to hire an accountant, making it your own can be risky. If you make a mistake and you don’t know it, you may need to repeat the process!
Almost everyone wants to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
What can we do about it?
We can make life easier by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can help you. Although this is quite a long read, you should be able to determine if TaxJar is what you need in the present.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, we’ll dive right into.
What is TaxJar California 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 your entire sales tax life cycle. Additionally, you can use it in all of your sales channels to ensure compliance with sales tax requirements. 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 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 owners of online businesses to keep everything organized and straightforward. Let’s look into the features and services offered by TaxJar.
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Features and services
Integration
One of the first things you’ll need to ensure is your tax-reporting platform is compatible along with sales funnels. If you’re selling through multiple channels, you need to keep everything in place. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar lets you display your key metrics in one spot. So, there’s no requirement to collect information from multiple sources and then organize it on one platform. All you have to do is integrate TaxJar, then the system will do the rest.
In addition, TaxJar also integrates with other platforms that can 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 TaxJar’s AutoFile feature. For our review we’ll take a look at both.
If you opt to do it manually, TaxJar will allow you to connect all the sales channels you use. When the time is right for filing income tax returns TaxJar will train you on how to manage them. But, it is up to you and your team to complete everything within the timeframe. TaxJar is only there to provide guidance on what you have to do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. With this feature, everything will be automated, from calculating sales taxes to recording and processing them. However, there might be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to help you with your accounting problems. The orders you place through your online channels can be compiled into one dashboard using this platform. Once you’re on the platform, you and your team will have access to everything you require, including a list of your transactions, reports and the data.
The best part about this option is the fact that they allow you to update your account automatically each day. Not only will they let to know the amount you’ve earned and how much you’ve earned, but they also let you keep track of when the next payment is due.
The dashboard allows users to view in detail the sales tax totals in your business. You can also export your data to CSV format. CSV file in case you require it for your process of financial planning and accounting or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all your sales channels. This means that you don’t have to scramble for your documents whenever you’re when you’re in a pinch. Even even if you already have an accounting firm, the feature can help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your funds better. You’ll be aware of the budget you have to cover other operating costs.
What’s more is that TaxJar provides training and tutorials not only for their platform but for anything that has to do with sales tax. Check out their webinars, guides, and blog for more details. Apart from that, their sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
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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 costly for your business. For this reason, we’ll look into TaxJar’s pricing structures and what each of these plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan costs $19. They claim that it’s the best plan for those who need assistance in filing and reporting. It comes with the tax on sales, four autofiles for free each year, and an CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale company manager, the plan could be perfect for you. It might not include all the features of TaxJar, but it has all the basics you require.
Additionally, you can contact their customer support via their support chart for email. You’ll also be able to use their integration capabilities.
Professional
If you’re looking for different from the standard features Professional might be the right one for you. It starts at $99, but it can go higher if you add custom features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you run a large enterprise, you may want to opt for an upgrade instead. It comes with all the features needed to aid in your tax preparation. Additionally, they permit unlimited import integrations of data API integrations, team users and AutoFiles.
They also have a team who are devoted for managing the account. They don’t reveal the price of the Premium plan. costs you. California TaxJar
But they did state that this plan is customized for every user. Therefore, the cost will differ depending on what you need for your company.
Free Trial
Fortunately, you don’t need to bet your life on it to find out if the platform is for you. If you’re still looking into other options, they have 30 days of free trial. It should give you enough time to see whether the software is the right choice for you.
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Pros and Pros and
After we’ve gone over everything you should know about TaxJar let’s take a breather. To sum it all up we’ll go over the advantages and disadvantages of making use of TaxJar for your company.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support Service Team
- The dashboard is easy 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
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable to USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes many platforms. If this sounds like the way you do, then you must try TaxJar.
It’s not just a way to aid in tracking your revenue and products however, it will help you meet the deadlines you set. It is also a great option for accountants as they provide a Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
The use of TaxJar will help you reduce time and keep the track of each deadline and requirement you have to meet. If you’re living in an area with complex tax laws, this can surely help you wrap your head around it. California TaxJar
However, if managing your taxes is straightforward, then TaxJar could be a waste of expense. If you have only 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 then you’re better off doing it by yourself.
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FAQ California TaxJar
What areas does TaxJar offer API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account to 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. All transactions are in USdollars. If you’re using another currency, you’ll need to convert it to USUSD before TaxJar can calculate the tax.
