Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running an enterprise or not. Even more so if you do not have a background in finance or accounting. Tax-related work aren’t easy, particularly when you’re filled with tasks to complete. When you’re not able to afford the budget to hire an accountant, making it yourself can be dangerous. If you miss one detail, you might have to do it all over again!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do ?
We can make our lives easier by using tools like TaxJar.
Here we’ll take a look at this life-saving device 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.
Do you prefer video streaming instead? 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, then let’s dive right in.
What is TaxJar Developer TaxJar Rejected Payment
Founded in 2013, TaxJar is a platform that helps automate your reporting, 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 of the sales channels you use to ensure that you are in compliance with sales taxes. It simplifies the processes that require days to complete and is completed in just a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is used extensively by online business owners to make their business more organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll need to make sure is your tax-reporting software is compatible with your sales channel. If you’re using multiple sales channels, it is essential to keep everything in place. The final thing you would like is to face a penalty due to not paying attention to a minor thing.
TaxJar lets you display your critical data in one location. That way, there’s no requirement to collect information from multiple sources and sort it into a single platform. All you need to do is connect TaxJar then the system will do the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar allows customers to submit their sales tax either manually or via their AutoFile feature. In this review, we’ll dig into both.
If you decide to do it manually, 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 manage them. It is up for you and your team members to complete everything within the timeframe. TaxJar will only guide you on what you should accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit the forms in a manual manner. Through this feature, everything will be automated from calculating sales tax through recording, and then processing them. However, there might be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be put together into one dashboard using this platform. Once you’re on the platform you and your staff will have access to all the information you need, like the list of transactions, reports, as well as information.
The most appealing aspect of this feature is that they allow you to automatically update every day. They not only let you keep track of how much you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payments are due.
Their dashboard can also allow you to fully view the overall sales taxes within your company. Additionally, you can export the information as CSV format. CSV file if you need it in your financial planning and accounting processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the sales avenues you use. That means you won’t have to hunt for your paperwork when you need them when you’re in a pinch. Even if you already have your accountant, this function will aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds more effectively. You’ll be aware of the budget you have available for other operating costs.
What’s more is that TaxJar offers tutorials and training not only for their platform but all things connected to sales tax. Check out their webinars, guides, as well as their blog to find more information. Additionally, their sales tax calculator is 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 set your budget. Some platforms offer superb features, but they’re sometimes too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan costs $19. They claim that it’s the most suitable plan for you to help you with filing requirements or reporting. It comes with the tax on sales, 4 free yearly AutoFiles, and a CSV import. Even with the basic plan, you will be able to access their AI tax recommendations.
If you’re a small-scale company owner, this plan will be perfect for you. It may not offer all the features of TaxJar 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 have access to their integration tools.
Professional
If you’re looking for a bit more than just the basics Professional could be the one for you. The price starts at $99 but it can go higher if you add custom features.
How different is it from the original plan?
In addition to having access to each of Starter plan’s features, you also have their phone customer support access to APIs, as well as the ability to do advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you run a large business, you might need to choose the Premium plan 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 Integrations with APIs, teams of users and AutoFiles.
They also have a team dedicated in managing your accounts. However, they don’t disclose the amount that the Premium plan is going to cost. Developer TaxJar Rejected Payment
But they did state that this plan is customized for every user. The cost of the plan will be different in line with what you require for your company.
Free Trial
Fortunately, you don’t need to gamble your money just to see if this platform is the right one for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is a good fit for you.
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Pros and Cons
Now that we’ve covered all you must be aware of TaxJar Let’s relax. To summarize, here are the pros and cons of the use of TaxJar for your company.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides an online sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- You can track several sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to 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 down, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
Not only will it assist you in keeping track of your products and revenue however, it will assist you in meeting the deadlines you set. It is also a great opportunity for accountants since they have a Tax Advisor program. There are tips to follow and learn from their sessions on taxes by using it.
Using TaxJar will help you reduce time and keep on top of each deadline or requirement you need to fulfill. If you’re in a region with a lot of tax laws, this will definitely help you get your head around it. Developer TaxJar Rejected Payment
However, if managing taxes is easy If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire process easy to do, you might be better off doing it by yourself.
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FAQ Developer TaxJar Rejected Payment
What areas does TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it to USUSD before TaxJar determines the tax.
