Taxes have always been one of the hardest things to do regardless of whether you run your own business or not. Particularly if you don’t have any experience in finance or accounting. Tax-related work can be overwhelming, particularly when you’re full of things to be done. When you’re not able to afford enough money to engage an accountant performing the task on your own could be risky. If you miss one detail and you don’t know it, you may have to do it all over again!
Nearly everyone would prefer to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.
What is the best way to deal with it?
It is always possible to simplify our lives by using tools like TaxJar.
We’ll look at this life-saving tool and explain how it can assist you. Even though this is an extensive read but you’ll be able to gauge whether TaxJar is the tool you require in the present.
Are you looking to watch videos 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, let’s dive right in.
What exactly is TaxJar? Contact Email TaxJar Office
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for the entire life cycle. In addition, you can apply it across all of your channels of sales to ensure that you are in compliance with sales taxes. It makes the process simpler that could take days to complete and can be completed in a matter of just a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by owners of online businesses to make their business more 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 first things you’ll need to make sure you have a tax accounting software perfectly integrates with your sales channel. If you have multiple sales 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 show your critical metrics in one place. This means that there is no need to collect data from different channels and organize it into a single platform. All you have to do is integrate TaxJar it will handle the rest.
In addition, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar lets customers submit their sales tax manually or through their AutoFile feature. For the purpose of this article, we’ll look into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. When it comes time to filing tax returns for income The team will guide you on how to handle them. But, it is up for you and your staff to complete everything within the timeframe. TaxJar will only provide guidance on what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. Through this feature, everything is automated, from calculating sales tax through recording, and then processing them. However, there might be extra fees if not included in the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be put together into a single dashboard through this platform. Once you’re on the platform you and your team can access everything you need, like a list of your transactions, reports, and the data.
The best part about the feature you’ve chosen is it allows you to automatically update every day. They not only let you keep track of how much you’ve collected however, they can also help you track when your following payments are due.
The dashboard allows you to see the sales tax totals within your company. Additionally, you can export the data to the form of a CSV file in case you require it for your process of financial planning and accounting or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep track of all of the sales avenues you use. It means you don’t need to hunt for your paperwork whenever you’re in a pinch. Even if you already have your accountant, this feature can help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your money more efficiently. You’ll be aware of the budget you have available for other operational expenses.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform , but also all things connected to sales tax. Check out their webinars, guides and blog for more information. Additionally, their sales tax calculator can be helpful if you’re planning on complete everything 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 capabilities, but they’re often too costly for your business. For this reason we’ll examine TaxJar’s pricing structures and the features that each of these choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan costs $19. They claim that it’s the most effective plan to help you with filing requirements and reporting. It comes with taxes on sales and sales as well as four annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a smaller company owner, this plan could be perfect for you. It may not have all of TaxJar’s features, but it has all the basics you require.
Additionally, you can contact their customer support via their email support chart. You’ll also have access to their integration tools.
Professional
If you’re looking to get different from the basic features and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it by adding custom 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 support via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you have a massive business, you might need to choose the Premium plan instead. It has all of the features that you require to help with your taxes. Additionally, they permit unlimited integrations with data imports, Integrations with APIs, teams of members 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. Contact Email TaxJar Office
However, they did mention that this plan is tailor-fit for every user. The cost of the plan will be different according to what you require to run your business.
Free Trial
Luckily, you don’t have to risk your money to see if this platform is the right one for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. This should be enough time to gauge whether the software is an excellent fit for you.
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Pros and Cons
We’ve covered everything you should know about TaxJar let’s take a breather. In order to sum up the whole thing Here are the pros and cons of using TaxJar to run your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- You can track several 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 applicable to USA customers
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid out TaxJar can be a great platform companies with many sales channels and utilizes many platforms. If that’s what you’re doing, then ought to try this.
It’s not just a way to assist you in keeping track of your revenue and products It can assist you in meeting your deadlines. This is also an excellent option for accountants as they have a Tax Advisor program. There are tips to follow and get knowledge from their seminars regarding taxes via it.
Using TaxJar can help you get more done while keeping on top of each deadline and requirement you have to fulfill. If you’re in an area with complex tax laws, this will surely help you wrap your mind around it. Contact Email TaxJar Office
But if handling taxes is easy If it isn’t, then TaxJar might not be a good investment. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole process easy to do then you’re better in doing it all by yourself.
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FAQ Contact Email TaxJar Office
Which areas does TaxJar offer API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions are in US$. If you’re using a different currency, you’ll need to convert it into USdollars prior to when TaxJar will calculate your tax.
