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 any experience in accounting or finance. Tax-related issues can be overwhelming, particularly when you’re filled with tasks to complete. When you’re not able to afford the budget to hire an accountant, performing the task on your own could be dangerous. If you make a mistake and you don’t know it, you may need to repeat the process!
Almost everyone wants to skipping this step. But , as it’s a requirement, we have no choice.
So , what can we do ?
We can always simplify our lives with tools such as TaxJar.
This article will take a look at this well-known life-saving tool and how it can assist you. Even though this is lengthy but you’ll be able to determine if TaxJar is what you need right now.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, then let’s get right into it.
What is TaxJar? Connect TaxJar To Ebay
Founded in 2013, TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it in all of your sales channels to ensure compliance with sales tax requirements. It streamlines processes that require days to complete and can be completed in a matter of just a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is used extensively by business owners who run online businesses to make their business more simple and organized. Let’s take a look at the benefits and features of TaxJar.
Features and services
One of the most important things you’ll need to ensure is your tax-reporting software perfectly integrates along with sales funnels. If you have multiple sales channels, you must ensure that everything is in order. The most important thing is not to face a penalty due to missing a single minor point.
TaxJar lets you display your key data in one location. So, there’s no need to collect information from multiple sources and organize it into one platform. All you need to do is integrate TaxJar it will do the rest.
Other than that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they are able to integrate with:
TaxJar allows customers to make sales tax filings manually or through the AutoFile feature. In this review, we’ll dig into both.
If you decide to do it manually, TaxJar will allow you to connect all of the sales channels you use. When it comes time to filing income tax returns TaxJar will train you on managing these. However, it will be up to you and your staff to finish the tax returns within the timeframe. TaxJar is there to guide you on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. This feature will ensure that everything will be automated from calculating taxes on sales to recording and processing them. There could 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 assist you with your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your staff can access everything you require, including a list of your transactions, reports, and information.
The greatest benefit of the feature you’ve chosen is they allow you to automatically update every day. Not only can they help you know how much you’ve accumulated and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard also allows you to see the sales tax totals within your company. It is also possible to export your data to CSV format. CSV file if you need it to aid in accounting and financial planning processes or if your team requires it for central reporting.
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 when you’re in a pinch. Even if 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 funds more effectively. You’ll know exactly how much budget you have to cover other operating costs.
The best part is that TaxJar offers training and tutorials and tutorials, not just for their platform but all things that has to do with sales tax. You can check out their webinars, guides, and blog for more information. Apart from that the sales tax calculator is helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to set your budget. Certain platforms have amazing features, but they can be too costly for the business you run. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of these options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. They say it’s the most suitable plan for you if you need help with filing requirements and reporting. It includes sales tax reporting, four free yearly AutoFiles, and an CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a small business owner, this plan should be ideal for you. It might not include all the features offered by TaxJar however, it does include all the basics you require.
In addition, you can reach their customer support via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for something different from the basics Professional could be the one for you. It’s priced at $99 but you can increase it by adding custom features.
So how different is it from the original plan?
Apart from having access to all of the Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive company, you may need to go for premium plans instead. It has all of the features needed to aid in your tax preparation. In addition, they offer unlimited data import integrations as well as Integrations with APIs, teams of members as well as AutoFiles.
They also have a staff who are devoted for managing the account. They don’t reveal the price of the Premium plan. costs you. Connect TaxJar To Ebay
However, they did say that this plan is customized for each user. So the costs will vary in line with what you require to run your business.
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 looking into various options, they provide 30 days of free trial. This should give you enough time to determine whether the software is the right choice for you.
Pros and Cons
After we’ve gone over everything you should know about TaxJar Let’s relax. To summarize Here are the pros and cons of the use of TaxJar for your company.
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable to USA customers.
- It is important for owners and accountants to review local laws
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to businesses with many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then should try this.
Not only can it aid in tracking your products and revenue, but it can help you meet your deadlines. This is also an excellent option for accountants as they offer the Tax Advisor program. You can get tips and gain knowledge from their workshops about taxes through it.
The use of TaxJar can help you save more time while keeping on top of each deadline or requirement you need to meet. If you live in a region with a lot of tax laws, this will definitely help you get your mind around it. Connect TaxJar To Ebay
If handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary expense. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better in doing it all by yourself.
FAQ Connect TaxJar To Ebay
What are the areas in which TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transaction amounts are n USdollars. If you’re using a different currency, you’ll need to convert it into USdollars before TaxJar will calculate the tax.