Taxes have always been among the most difficult tasks to complete regardless of whether you run an enterprise or not. More so if you don’t have any experience in finance or accounting. Tax-related issues can be overwhelming, especially when your whole day is filled with tasks to complete. When you’re not able to afford enough money to engage an accountant making it your own can be risky. If you make a mistake and you don’t know it, you may have to redo things again!
Most people want to skip this step. However, since it’s mandatory, we have no choice.
So what can we do ?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can benefit you. While this is a long read but you’ll be able to determine if TaxJar is what you need in the present.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
But for those who prefer to read, let’s get right into it.
What is TaxJar? Delaware Sales Tax TaxJar
Founded in 2013, TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it in all of your sales channels to make sure you’re in compliance with your sales taxes. It streamlines processes that take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by owners of online businesses to keep everything organized and straightforward. Let’s look into their features and services.
Features and services
One of the most important things you’ll need to make sure is your tax-reporting system seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to be penalized for missing a single minor point.
TaxJar allows you to display your critical data in one location. This means that there is no need to collect information from multiple sources and sort it into one platform. All you have to do is integrate TaxJar, and the platform will handle all the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms they can integrate with:
TaxJar lets customers file their sales taxes manually or through the AutoFile feature. For this review, we’ll look into both.
If you opt to go it alone, TaxJar will allow you to connect your sales platforms. Once the time comes for filing income tax returns, the team will instruct you on how to handle them. It is up to you and your team members to complete the process within the timeframe. TaxJar is only there to provide guidance on what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out all forms by hand. Through this feature, everything will be automated from calculating taxes on sales in order to record and process them. However, there might be extra fees if not part of the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to assist you with your accounting issues. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. From there you and your team will have access to all the information you require, including the list of transactions, reports, as well as information.
The best part about this option is the fact that it lets you to update your account automatically each day. They not only let you keep track of how much you’ve accumulated however, they can also help you track when your following payments are due.
Their dashboard can also allow you to fully view the overall sales taxes within your company. You can also export the information to a CSV file if you need it in your accounting and financial planning processes or if your team requires it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all the channels you sell through. This means that you don’t have to scramble for your documents when you’re in the event of a need. Even if you already have your accountant, this feature can make them more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll be aware of the budget you have available for other operating expenses.
But what’s even better is that TaxJar provides training and tutorials and tutorials, not just on their platform, but everything that has to do with sales tax. Check out their webinars, guides as well as their blog to find more information. In addition the sales tax calculator can be beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing features, but they can be too costly for the business you run. That’s why for this section we’ll take a look at TaxJar’s pricing tiers and the features that each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan is priced at $19. The company claims that it’s the most suitable plan for you if you need help in filing and reporting. It includes sales tax reporting, 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a smaller company manager, the plan should be perfect for you. It might not include all the features of TaxJar, but it has all the basics you require.
In addition, you can reach the support team via their support chart for email. You’ll also be able to use their integration features.
If you’re looking for something a bit more than just the basic features and options, then the Professional plan could be the one for you. It starts at $99, but it can go higher when you add additional features.
So how different is it from the basic plan?
Apart from having access to every one of Starter plan’s features, you also have their support via phone, API access, and sophisticated CSV import. They also allow you to get 12 AutoFiles for free each year.
If you run a large company, you may need to choose premium plans instead. It comes with all the features that you require to make your tax filing easier. In addition, they offer unlimited import integrations of data, API integrations, team members, and AutoFiles.
They also have a team dedicated in managing your accounts. However, they don’t disclose the price of the Premium plan. is going to cost. Delaware Sales Tax TaxJar
However, they did mention that the plan is custom-made to each user. So the costs will vary according to what you require for your business.
Fortunately, you don’t need to risk your money to see if this platform is for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should be enough time to see whether the software is the right choice for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar Let’s relax. To sum it all up, here are the advantages and disadvantages of using TaxJar to run your business.
- Has 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 easy to navigate
- It offers a free trial of 30 days.
- 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
- Some countries won’t have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies with many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then must try TaxJar.
Not only will it aid in tracking the sales and profits of your business It can help you meet the deadlines you set. This is also an excellent opportunity for accountants since they have the Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
Utilizing TaxJar can help you get more done while keeping the track of each deadline and obligation you have to fulfill. If you live in an area with complex tax laws, this will definitely help you get your mind around it. Delaware Sales Tax TaxJar
If handling your taxes is simple, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire procedure easy to complete then you’re better to do it on your own.
FAQ Delaware Sales Tax TaxJar
Which areas does TaxJar offer API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it to USdollars prior to when TaxJar will calculate the tax.