Taxes have always been one of the hardest things to do regardless of whether you run an enterprise or not. Particularly if you don’t have any experience in accounting or finance. Tax-related work 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 engage an accountant making it your own could be dangerous. If you make a mistake and you don’t know it, you may need to repeat the process!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement and mandatory, there’s no other choice.
So , what can we do ?
We can make our lives easier by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving tool and explain how it can benefit you. Even though this is a long read, you should be able to assess whether TaxJar is what you need today.
Do you prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar? Connecting TaxJar With Ebay
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It is a solution for the entire life cycle. In addition, you can apply it across all the sales channels you use to ensure that you are in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by online business owners to make their business more simple and organized. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check is your tax-reporting platform perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to ensure that everything is in order. The most important thing is not to get a penalty for missing a single minor point.
TaxJar allows you to display your key data in one location. So, there’s no need to collect data in multiple channels and then organize it on one platform. All you have to do is to integrate TaxJar and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows clients to make sales tax filings either manually or via their AutoFile feature. For the purpose of this article, we’ll look into both.
If you decide to go it alone, 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 managing the tax returns. However, it will be up to you and your staff to complete the process on time. TaxJar is there to help you understand what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. This feature will ensure that everything is automated, from calculating taxes on sales through recording, and then processing it. However, there might be additional costs if the feature is you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting woes. All orders made through your e-commerce channels can be put together into one dashboard using this platform. From there you and your staff can access everything you need, such as a list of your transactions, reports, and data.
The best part about this feature is that it lets you to automatically update every day. Not only can they help you know how much you’ve earned, but they also help you track when your following payment is due.
Their dashboard can also allow you to fully view the overall sales taxes in your business. Additionally, you can export your data to a CSV file in case you require it for your financial planning and accounting processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep track of all of your sales channels. This means that you don’t have to search for your documents when you need them in a pinch. Even when you already have your accountant, this feature will make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have for other operating expenses.
What’s more is that TaxJar offers tutorials and training, not just for their platform , but also all things that has to do with sales tax. Check out their webinars, guides and blog for more info. Additionally the sales tax calculator can be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Certain platforms have amazing capabilities, but they’re often too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing levels and the features that each of these choices can provide you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. They claim that it’s the most effective plan to help you with filing requirements or reporting. It comes with taxes on sales and sales as well as 4 annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a smaller business owner, this plan could be perfect for you. It might not include all the features offered by TaxJar, but it has the basic features you require.
In addition, you can reach their support team with their support chart for email. Additionally, you’ll have access to their integration features.
If you’re looking for something a bit more than just the basic features Professional might be the right one for you. It starts at $99, but you can increase it when you add additional features.
What is the difference from the original plan?
In addition to accessing each of Starter plan’s features, you also get access to their support via phone access to APIs, as well as sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you have a massive business, you might need to choose the Premium plan instead. It has all of the features needed to help with your taxes. Additionally, they permit unlimited data import integrations, API integrationsfor team members as well as AutoFiles.
There is also a team dedicated for managing the account. However, they don’t disclose the amount that the Premium plan is going to cost. Connecting TaxJar With Ebay
But they did state that this plan is customized for every user. The cost of the plan will be different according to what you require for your company.
Luckily, you don’t have to gamble your money just to see if this platform is right for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is the right choice for you.
Pros and Pros and
After we’ve gone over everything you must be aware of TaxJar Let’s relax. To summarize, here are the pros and cons of the use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable to USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies that have multiple sales channels and uses many platforms. If this sounds like the way you do, then you should try this.
It’s not just a way to help you track your products and revenue It can assist you in meeting your deadlines. This is also an excellent opportunity for accountants since they have a Tax Advisor program. You can find tips and get knowledge from their seminars regarding taxes via it.
The use of TaxJar can help you reduce time and keep track of every deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this can certainly help you to get your head around the subject. Connecting TaxJar With Ebay
However, if managing taxes is easy If it isn’t, then TaxJar might not be a good investment. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you find the whole procedure simple to follow, you might be better to do it by yourself.
FAQ Connecting TaxJar With Ebay
What are the areas in which TaxJar offer API assistance?
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 connect your Shopify account to 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. The transactions are in USdollars. If you’re using a different currency, you’ll have to convert it to USdollars before TaxJar can calculate your tax.