Taxes have always been one of the most difficult things to handle regardless of whether you run a business or not. More so if you don’t have a degree in accounting or finance. Tax-related tasks aren’t easy, particularly when you’re packed with things to do. When you’re not able to afford enough money to hire an accountant, doing it on yourself can be dangerous. If you overlook one thing and you don’t know it, you may have to redo things again!
Nearly everyone would prefer to skipping this step. But since it’s required and mandatory, there’s no other choice.
What is the best way to deal with it?
It is always possible to make life easier by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving device and how it can assist you. While this is lengthy but you’ll be able to determine if TaxJar is what you need in the present.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What is TaxJar Does TaxJar Work With Zuora
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. It’s a solution for your entire sales tax life cycle. Additionally, you can use it across all of your channels of sales to ensure compliance with sales taxes. It streamlines processes that can take days to complete, and finish within only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is widely used by online business owners to ensure that everything is organized and straightforward. Let’s look into their features and services.
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Features and services
Integration
One of the first things you’ll need to ensure you have a tax accounting software perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to maintain everything in line. The final thing you would like is to get a penalty for overlooking just one minor detail.
TaxJar allows you to display your most important data in one location. That way, there’s no need to gather data in multiple channels and organize it into one platform. All you have to do is connect TaxJar, and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar allows customers to make sales tax filings either manually or via their AutoFile feature. For the purpose of this article, we’ll dig into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. Once the time comes for filing income tax returns, the team will instruct you on how to handle these. But, it is up for you and your team members to finish the tax returns in time. TaxJar is there to help you understand what you should accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit the forms in a manual manner. With this feature, everything will be automated, from calculating sales taxes to recording and processing them. But, it is possible to incur additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting woes. The orders you place through your online channels can be combined into one dashboard using this platform. Once you’re on the platform, you and your team can access everything you need, like the list of transactions, reports, as well as the data.
The greatest benefit of this option is the fact that it allows you to automatically update every day. Not only can they help to know the amount you’ve accumulated, but they also help you track when your following payments are due.
Their dashboard can also allow you to fully view the total sales tax in your business. You can also export your data as CSV format. CSV file in case you require it for your accounting and financial planning processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. That means you won’t have to hunt for your paperwork when you’re when you’re in a pinch. Even if you already have your accounting firm, the feature will make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds more effectively. You’ll know exactly how much budget you have to cover other operational costs.
But what’s even better is that TaxJar offers tutorials and training not only for their platform but everything that has to do with sales tax. You can check out their webinars, guides as well as their blog to find more info. In addition the sales tax calculator should be helpful if you’re planning on do everything on your own.
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How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. For this reason, we’ll look into TaxJar’s pricing tiers and what each of those choices can provide you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan is priced at $19. They say it’s the best plan to help you with filing requirements or reporting. It includes sales tax reporting, four free yearly AutoFiles, and an CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a small company manager, the plan will be ideal for you. It may not have all of TaxJar’s features but it comes with all the basics you require.
In addition, you can reach their support team with their support chart for email. Additionally, you’ll have access to their integration features.
Professional
If you’re looking for something a bit more than just the basic features and options, then the Professional plan may be the best option for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s features, you also have their phone customer support access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you own a huge enterprise, you may want to choose an upgrade instead. It comes with all the features you need to help with your taxes. In addition, they offer unlimited data import integrations API integrationsfor team members and AutoFiles.
They also have a staff that is devoted for managing the account. They don’t reveal the amount that the Premium plan will cost you. Does TaxJar Work With Zuora
But they did state that this plan is customized to each user. So the costs will vary in line with what you require to run your business.
Free Trial
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still looking into other options, they have a 30-day free trial. This should be enough time to see whether the service is the right choice for you.
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Pros and Pros and
We’ve covered everything you should be aware of TaxJar Let’s relax. To summarize we’ll go over the pros and cons of the use of TaxJar to run your business.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers an online sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for USA customers
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses plenty of platforms. If that’s what you do, then you should try this.
Not only can it assist you in keeping track of your revenue and products, but it can also help you meet the deadlines you set. It is also a great platform for an accountant since they offer the Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Using TaxJar will help you reduce time and keep the track of each deadline and obligation you have to meet. If you’re living in an area with complex tax laws, this will definitely help you get your head around the subject. Does TaxJar Work With Zuora
If handling your taxes is simple If it isn’t, then TaxJar might not be a good investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track all of it. If you find the whole procedure simple to follow then you’re better off doing it on your own.
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FAQ Does TaxJar Work With Zuora
What areas does TaxJar provide API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions’ amounts are in US$. If you’re using another currency, you’ll have to convert it into US$ before TaxJar determines the tax.
