Taxes have always been one of the most difficult things to handle regardless of whether you run an enterprise or not. Even more so if you do not have a degree in accounting or finance. Tax-related tasks can be overwhelming, especially when you’re full of things to be done. When you’re not able to afford the budget to employ 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!
Almost everyone wants to skipping this step. But since it’s required and mandatory, there’s no other choice.
What can we do about it?
We can simplify our lives by using tools like TaxJar.
We’ll look at this life-saving tool and how it can benefit you. Although this is quite lengthy but you’ll be able to assess whether TaxJar is exactly what you need in the present.
Prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, let’s dive right in.
What exactly is TaxJar? Does TaxJar Work With Squarespace
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all of your channels of sales to ensure compliance with sales taxes. It makes the process simpler that could require days to complete and is completed in just a few only a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses to make their business more organized and straightforward. Let’s explore their features and services.
Services and features
One of the first things you’ll need to make sure you have a tax accounting software seamlessly works well along with sales funnels. If you have multiple sales channels, you need to ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your key data in one location. This means that there is no requirement to collect data in multiple channels and sort it into one platform. All you have to do is connect TaxJar, and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows customers to submit their sales tax manually or through the AutoFile feature. In this review, we’ll look into both.
If you choose to go it alone, TaxJar will allow you to connect the sales channels you use. When the time is right for filing tax returns for income TaxJar will train you on managing the tax returns. However, it will be up for you and your team members to complete the process in time. TaxJar will only guide you on what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. This feature will ensure that everything will be automated from calculating sales taxes to recording and processing them. However, there might be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to help you with your accounting issues. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. From there, you and your team can access everything you need, such as the list of transactions, reports and data.
The best part about this option is the fact that they allow you to update automatically every day. They not only let you keep track of how much you’ve earned 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. You can also export the information in the form of a CSV file if you need it in your financial planning and accounting processes or if you require it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep track of all of the channels you sell through. It means you don’t need to scramble for your documents whenever you’re in a pinch. Even when you already have your accountant, this function can help them be more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have to cover other operational expenses.
What’s more is that TaxJar provides training and tutorials not only for their platform , but also for anything connected to sales tax. You can look through their webinars, guides as well as their blog to find more info. Apart from that, their sales tax calculator can be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing features, but they can be too expensive for businesses. For this reason, we’ll look into TaxJar’s pricing structures and what each of those options can offer you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the best plan for those who need assistance with filing requirements or reporting. It includes taxes on sales and sales as well as four 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 advice.
If you’re a small company manager, the plan could be ideal for you. It might not include all the features of TaxJar, but it has all the basics you require.
In addition, you can reach their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for that is more than the basics and options, then the Professional plan may be the best option for you. The price starts at $99 but you can increase it by adding custom features.
What is the difference from the basic plan?
In addition to accessing each of Starter plan’s features, you also get access to their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
If you own a huge company, you may need to opt for an upgrade instead. It comes with all the features you need to make your tax filing easier. Additionally, they permit unlimited integrations with data imports API integrationsfor team members, and AutoFiles.
They also have a staff that is devoted for managing the account. However, they don’t disclose how much the Premium plan costs you. Does TaxJar Work With Squarespace
But they did state that this plan is customized to each user. Therefore, the cost will differ depending on what you need to run your business.
Fortunately, you don’t need to bet your life on it to see if this platform is for you. If you’re still looking into different options, they offer 30 days of free trial. This should give you enough time to determine whether the service is a good fit for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a breather. To summarize, here are the advantages and disadvantages of the use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out TaxJar provides a fantastic platform to companies that have many sales channels and utilizes plenty of platforms. If that sounds like what you’re doing, then you ought to try this.
Not only can it help you track your products and revenue, but it can help you meet your deadlines. It is also a great opportunity for accountants since they have a Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
Utilizing TaxJar can help you save more time while keeping the track of each deadline and requirement you have 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 Work With Squarespace
However, if managing your taxes is simple If it isn’t, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track everything. In addition, if you’re finding the entire process easy to do then you’re better in doing it all on your own.
FAQ Does TaxJar Work With Squarespace
What areas does TaxJar offer API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions are in US$. If you’re using a different currency, you’ll need to convert it to USUSD prior to when TaxJar can calculate your tax.