Taxes have always been among the most difficult things to handle regardless of whether you’re running your own business or not. Particularly if you don’t have a background in accounting or finance. Tax-related work can be overwhelming, especially when you’re packed with things to do. When you’re not able to afford the budget to engage an accountant making it your own can be risky. If you make a mistake, you might have to do it all over again!
Almost everyone wants to skipping this step. But since it’s required and mandatory, there’s no other choice.
What can we do ?
We can always make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving tool and explain how it can help you. While this is a long read, you should be able to determine if TaxJar is what you need right now.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
If you prefer to read, let’s get right into it.
What exactly is TaxJar? Failure To Pay Notice For The Last 2 Texas Returns + TaxJar
Founded in 2013, TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it in all of the sales channels you use to ensure that you are in compliance with your sales taxes. It makes the process simpler that could require days to complete and is completed in just a few just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by online business owners to ensure that everything is simple and organized. Let’s explore their features and services.
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Features and services
Integration
One of the first things you’ll want to check you have a tax accounting system perfectly integrates with your sales channel. If you’re selling through multiple channels, you need to maintain everything in line. The last thing you want is to be penalized for missing a single minor point.
TaxJar lets you display your most important metrics in one spot. This means that there is no need to collect data in multiple channels and then organize it on a single platform. All you have to do is integrate TaxJar, it will do all the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms they can integrate with:
Filing
TaxJar allows clients to make sales tax filings by hand or using the AutoFile feature. For the purpose of this article, we’ll look at both.
If you decide to go it alone, TaxJar will allow you to connect all of those sales tools. When the time is right for the filing of income tax returns, the team will instruct you on how to manage these. It is up to you and your staff to complete the process within the timeframe. TaxJar is there to guide you on what you need to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. With this feature, everything is automated, from calculating taxes on sales in order to record and process them. There could be extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be compiled into a single dashboard through this platform. Once you’re on the platform you and your team will have access to everything you need, such as the list of transactions, reports, as well as the data.
The best part about this feature is that it lets you to update your account automatically each day. Not only will they let you keep track of how much you’ve collected, but they also help you track when your following payment is due.
The dashboard allows you to see the total sales tax for your business. Additionally, you can export the information as CSV format. CSV file if you need it for your accounting and financial planning processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep the track of all your sales channels. It means you don’t need to search for your documents when you’re when you’re in a pinch. Even when you already have your accountant, this feature will help them be more efficient.
Additionally, knowing the figures for your sales tax in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have to cover other operating costs.
But what’s even better is that TaxJar offers tutorials and training, not just for their platform but for anything connected to sales tax. You can check out their webinars, guides and blog for more details. In addition, their sales tax calculator is useful if you’re planning to complete everything yourself.
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How much does TaxJar cost?
We know how crucial it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. For this reason, we’ll look into TaxJar’s pricing tiers and what each of these options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan is priced at $19. They claim that it’s the most effective plan to help you with filing requirements and reporting. It includes the tax on sales, 4 annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale company proprietor, then this program should be ideal for you. It might not include all the features of TaxJar but it comes with the essentials that you need.
You can also contact their support team with their email support chart. You’ll also have access to their integration capabilities.
Professional
If you’re looking to get 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 it can go higher by adding custom features.
So how different is it from the starter plan?
In addition to having access to all of the Starter plan’s features, you also have the support of their customer service via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you own a huge business, you might need to go for an upgrade instead. It includes all of the features you need to help with your taxes. In addition, they offer unlimited data import integrations, API integrations, 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. Failure To Pay Notice For The Last 2 Texas Returns + TaxJar
However, they did mention that this plan is tailor-fit for every user. So the costs will vary according to what you require for your business.
Free Trial
It’s a good thing that you don’t have to risk your money to determine if this service is the right one for you. If you’re still considering other options, they have a 30-day free trial. This should give you enough time to determine if the platform is an excellent fit for you.
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Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the advantages and disadvantages of the use of TaxJar to run your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides on the internet for 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
- It allows you to monitor multiple sales channels
Cons
- Limits on AutoFile are determined by 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 clearly laid out, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then you must try TaxJar.
Not only will it aid in tracking the sales and profits of your business, but it can help you meet your deadlines. It is also a great platform for an accountant since they have tax Advisor program. There are tips to follow and gain knowledge from their workshops on taxes by using it.
Utilizing TaxJar can help you reduce time and keep track of every deadline and obligation you have to meet. If you live in an area with complex tax regulations, this will certainly help you to get your mind around it. Failure To Pay Notice For The Last 2 Texas Returns + TaxJar
However, if managing your taxes is straightforward, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. If you find the entire procedure simple to follow then you’re better in doing it all by yourself.
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FAQ Failure To Pay Notice For The Last 2 Texas Returns + TaxJar
What areas does TaxJar provide API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it into USUSD prior to when TaxJar determines the tax.
