Taxes have always been among the hardest things to do, whether you’re running an enterprise or not. Particularly if you don’t have any experience in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have the funds to hire an accountant, doing it on yourself can be risky. If you miss one detail, you might need to repeat the process!
Most people want to skip this step. However, since it’s mandatory to be done, we can’t choose not to.
So what can we do ?
We can make life easier by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and how it can help you. Even though this is lengthy it is possible to determine if TaxJar is the tool you require right now.
Are you looking video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, let’s dive right in.
What is TaxJar Connect TaxJar To Development Account
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all the sales channels you use to ensure that you are in compliance with your sales taxes. It makes the process simpler that could take days to complete and can be completed in a matter of minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to keep everything neat and simple. Let’s look into the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll want to check is your tax-reporting platform perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to ensure that everything is in order. The final thing you would like is to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your most important data in one location. This means that there is no need to gather data from different channels and then organize it on a single platform. All you need to do is to integrate TaxJar, it will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar allows clients to submit their sales tax either manually or via their AutoFile feature. For the purpose of this article, we’ll dig at both.
If you opt to do it manually, TaxJar will allow you to connect all those sales tools. Once the time comes for the filing of income tax returns TaxJar will train you on managing the tax returns. However, it will be up to you and your staff to complete the process on time. TaxJar is only there to help you understand what you have to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out any forms manually. This feature will ensure that everything will be automated from calculating sales tax in order to record and process it. There could be extra fees if not included in the plan you chose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your staff can access everything you need, like a list of your transactions, reports and data.
The most appealing aspect of this option is the fact that they allow you to update automatically every day. Not only can they help to know the amount you’ve earned, but they also help you track when your following payments are due.
Their dashboard also allows you to see the overall sales taxes within your company. It is also possible to export the information in CSV format. CSV file, if you want to use it for your accounting and financial planning processes or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the sales avenues you use. It means you don’t need to scramble for your documents when you’re when you’re in a pinch. Even when you already have your accounting firm, the feature will aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have available for other operational costs.
But what’s even better is that TaxJar provides training and tutorials and tutorials, not just for their platform , but also everything related to sales tax. You can look through their webinars, guides and blog for more details. Apart from that, their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb features, but they can be too expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing levels and what each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan starts at $19. The company claims that it’s the best plan if you need help with filing requirements and reporting. It comes with taxes on sales and sales as well as four autofiles for free each year, and an CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a small-scale company owner, this plan should be perfect for you. It might not include all of TaxJar’s features but it comes with the essentials that you need.
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 to get that is more than the basics and options, then the Professional plan might be the right one for you. It’s priced at $99 but you can increase it when you add additional features.
What is the difference from the original plan?
In addition to having access to each of Starter plan’s options, you also have access to their phone customer support access to APIs, as well as sophisticated CSV import. You can also have 12 free AutoFiles each year.
Premium
If you have a massive business, you might need to choose the Premium plan instead. It has all of the features needed to aid in your tax preparation. Additionally, they permit unlimited data import integrations API integrationsfor team users as well as AutoFiles.
There is also a team who are devoted to managing your account. But, they don’t divulge the amount that the Premium plan is going to cost. Connect TaxJar To Development Account
But they did state that this plan is customized for every user. So the costs will vary according to what you require for your business.
Free Trial
It’s a good thing that you don’t have to risk your money to find out if the platform is right for you. If you’re still considering various options, they provide a 30-day free trial. It should give you enough time to determine whether the service is the right choice for you.
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Pros and Pros and
Now that we’ve covered all you should be aware of TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of using TaxJar for your company.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms
- It allows you to monitor multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies that have multiple sales channels and uses numerous platforms. If that’s what you do, then you ought to try this.
Not only will it assist you in keeping track of your products and revenue, but it can help you meet your deadlines. It is also a great opportunity for accountants since they offer tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar will help you save more time while keeping the track of each deadline and requirement you have to meet. If you live in an area with complex tax regulations, this will certainly help you to get your mind around it. Connect TaxJar To Development Account
But if handling taxes is easy, then TaxJar might not be a good investment. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure easy to complete, you might be better in doing it all by yourself.
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FAQ Connect TaxJar To Development Account
Which areas does TaxJar provide API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions are in USdollars. If you’re using a different currency, you will need to convert it into US$ prior to when TaxJar can calculate your tax.
