Taxes are always one of the most difficult things to handle regardless of whether you run an enterprise or not. More so if you don’t have a degree in accounting or finance. Tax-related tasks can be overwhelming, especially when you’re packed with things to do. In the event that you do not have the budget to employ an accountant, making it yourself can be risky. If you overlook one thing it could mean you need to repeat the process!
Almost everyone wants to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what is the best way to deal with it?
It is always possible to make our lives easier with tools such as TaxJar.
This article will take a look at this life-saving device and how it can assist you. Although this is quite an extensive read it is possible to determine if TaxJar is the tool you require right now.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What is TaxJar? Does TaxJar Support Ebay
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it across all your sales channels to make sure you’re in compliance with sales tax requirements. It streamlines processes that take days to complete and finish within only 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 owners of online businesses to make their business more organized and straightforward. Let’s take a look at the benefits and features of TaxJar.
Services and features
One of the most important things you’ll need to ensure is your tax-reporting system seamlessly works well with your sales channel. If you’re using multiple sales channels, you must keep everything in place. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to display your most important metrics in one spot. So, there’s no need to collect data from different channels and organize it into one platform. All you have to do is to integrate TaxJar then the system will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms that they can connect with:
TaxJar allows clients to file their sales taxes manually or through TaxJar’s AutoFile feature. In the purpose of this article, we’ll look at both.
If you opt to go it alone, TaxJar will allow you to connect those sales tools. Once the time comes for the filing of income tax returns The team will guide you on how to handle these. But, it is up for you and your staff to finish the tax returns within the timeframe. TaxJar will only provide guidance on what you should do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. Through this feature, everything will be automated from calculating taxes on sales through recording, and then processing them. However, there might be extra fees if not part of the plan you choose.
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 compiled into a single dashboard via this platform. Once you’re on the platform, you and your team can access everything you need, such as an inventory of your transactions, reports, as well as data.
The greatest benefit of this option is the fact that they allow you to automatically update every day. Not only can they help you know how much you’ve earned 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 a CSV file, if you want to use it in your process of financial planning and accounting or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the sales avenues you use. It means you don’t need to search for your documents when you need them in the event of a need. Even if you already have your accountant, this feature will make them more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your funds better. You’ll know exactly how much budget you have available for other operating costs.
But what’s even better is that TaxJar offers tutorials and training not only for their platform , but also for anything that has to do with sales tax. Check out their webinars, guides, or blog posts for additional details. In addition, their sales tax calculator is useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms offer superb features, but they can be too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing structures and the features that each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the most suitable plan for you to help you with filing requirements or reporting. It also includes sales tax reporting, 4 free yearly AutoFiles, and a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small-scale company manager, the plan should be ideal for you. It may not offer all the features of TaxJar but it comes with the essentials that you need.
In addition, you can reach their support team with their support chart for email. Additionally, you’ll have access to their integration tools.
If you’re looking to get a bit more than just the basic features and options, then the Professional plan might be the right one for you. It’s priced at $99 but it can go higher when you add additional features.
What is the difference from the original plan?
In addition to accessing every one of Starter plan’s options, you also have access to the support of their customer service via phone, API access, and sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you own a huge company, you may need to go for the Premium plan instead. It includes all of the features that you require to aid in your tax preparation. In addition, they offer unlimited data import integrations API integrations, team members and AutoFiles.
They also have a staff who are devoted to managing your account. They don’t reveal the price of the Premium plan. is going to cost. Does TaxJar Support Ebay
But they did state that this plan is customized to each user. The cost of the plan will be different according to what you require to run your business.
It’s a good thing that you don’t have to gamble your money just to find out if the platform is right for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. This should give you enough time to see if the platform is a good fit for you.
Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the advantages and disadvantages of making use of TaxJar to run your business.
- Has the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers Taxes on sales online 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.
- It allows you to monitor multiple sales channels
- 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 recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then ought to try this.
It’s not just a way to aid in tracking the sales and profits of your business It can help you meet your deadlines. It is also a great platform for an accountant since they provide the Tax Advisor program. There are tips to follow and learn from their sessions on taxes by using it.
The use of TaxJar can allow you to get more done while keeping track of every deadline or requirement you need to meet. If you live in a region with a lot of tax regulations, this will certainly help you to get your head around the subject. Does TaxJar Support Ebay
However, if managing taxes is easy and straightforward, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the entire process easy to do and you’re comfortable with it, you may be better to do it on your own.
FAQ Does TaxJar Support Ebay
Which areas does TaxJar offer API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into 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 type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions are in US$. If you’re using a different currency, you’ll need to convert it into US$ prior to when TaxJar can calculate the tax.