Taxes are always one of the most difficult things to handle regardless of whether you’re running a business or not. Even more so if you do not have a degree in finance or accounting. Tax-related issues aren’t easy, particularly when you’re full of things to be done. If you don’t have enough money to employ an accountant, doing it on your own can be dangerous. If you overlook one thing and you don’t know it, you may have to redo things again!
Most people want to avoid this step. But , as it’s a requirement, we have no choice.
So , what can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
We’ll look at this popular life-saving device and how it can benefit you. Although this is quite an extensive read but you’ll be able to determine if TaxJar is the tool you require in the present.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar? Can You Connect Redbubble To TaxJar
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply it across all your sales channels to ensure that you are in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and is completed in just a few just a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, 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 make their business more organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
Services and features
One of the most important things you’ll need to ensure is that your accounting tax system seamlessly works well with your sales channel. If you’re using multiple sales channels, it is essential to keep everything in place. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one spot. That way, there’s no need to collect data from different channels and sort it into a single platform. All you have to do is connect TaxJar then the system will take care of the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of platforms they can integrate with:
TaxJar lets customers make sales tax filings either manually or via their AutoFile feature. For our review we’ll look into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When the time is right for filing income tax returns TaxJar will train you on how to handle these. However, it will be up to you and your staff to complete everything in time. TaxJar is 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 fill out all forms by hand. With this feature, everything is automated, from calculating sales tax to recording and processing them. There could be additional costs if the feature is not part of the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your staff will have access to all the information you need, such as an inventory of your transactions, reports, as well as data.
The most appealing aspect of this option is the fact that they allow you to update your account automatically each day. Not only will they let you know how much you’ve collected, but they also help you determine when your next payment is due.
Their dashboard can also allow you to see the overall sales taxes for your business. It is also possible to export the information in a CSV file, if you want to use it in your process of financial planning and accounting or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep the track of all the sales avenues you use. That means you won’t have to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accountant, this feature will help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your money more efficiently. You’ll be aware of the budget you have available for other operational costs.
What’s more is that TaxJar offers training and tutorials and tutorials, not just on their platform, but all things related to sales tax. Check out their webinars, guides, or blog posts for additional details. In addition the sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to determine your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing structures and the features that each of these options can offer you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. The company claims that it’s the most effective plan to help you with filing requirements and reporting. It also includes taxes on sales and sales as well as 4 autofiles for free each year, and an CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a smaller company owner, this plan will be ideal for you. It may not have all the features of TaxJar, but it has the basic features you require.
In addition, you can reach the support team via their email support chart. You’ll also have access to their integration features.
If you’re looking for a bit more than just the basic features and options, then the Professional plan may be the best option for you. The price starts at $99 however, it could go up when you add additional features.
How different is it from the starter plan?
In addition to having access to each of Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you own a huge enterprise, you may want to go for premium plans instead. It has all of the features that you require to aid in your tax preparation. In addition, they offer unlimited data import integrations as well as API integrationsfor team users, and AutoFiles.
They also have a team who are devoted to managing your account. They don’t reveal the price of the Premium plan. is going to cost. Can You Connect Redbubble To TaxJar
But they did state that the plan is custom-made for each user. Therefore, the cost will differ in line with what you require for your business.
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still considering different options, they offer a 30-day free trial. It should give you enough time to see whether the software is the right choice for you.
Pros and Cons
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing Here are the advantages and disadvantages of making use of TaxJar for your company.
- There is 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
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid out TaxJar can be a great platform companies with multiple sales channels and uses plenty of platforms. If this sounds like the way you do, then you ought to try this.
Not only will it aid in tracking the sales and profits of your business, but it can help you meet your deadlines. It is also a great option for accountants as they have the Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
Utilizing TaxJar will 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 surely help you wrap your head around the subject. Can You Connect Redbubble To TaxJar
If handling taxes is easy, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you’re finding the entire procedure simple to follow then you’re better off doing it on your own.
FAQ Can You Connect Redbubble To TaxJar
What areas does TaxJar provide API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it to US$ prior to when TaxJar determines the tax.