Taxes have always been among the hardest things to do regardless of whether you run an enterprise or not. More so if you don’t have a background in finance or accounting. Tax-related issues aren’t easy, particularly when your whole day is filled with tasks to complete. In the event that you do not have the funds to engage 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 avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
What can we do ?
We can always simplify our lives by using tools like TaxJar.
This article will take a look at this popular life-saving device and how it can help you. Although this is quite an extensive read but you’ll be able to gauge whether TaxJar is the tool you require today.
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, we’ll dive right into.
What is TaxJar Fba Locations Pennsylvania TaxJar
Founded in 2013, TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all the sales channels you use to ensure compliance with sales tax requirements. It makes the process simpler that could take days to complete and finish within only a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by owners of online businesses to make their business more simple and organized. Let’s take a look at their features and services.
Features and services
One of the most important things you’ll want to check you have a tax accounting system seamlessly works well with your sales channel. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your critical metrics in one place. That way, there’s no need to collect information from multiple sources and then organize it on one platform. All you need to do is integrate TaxJar, it will do the rest.
In addition, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows clients to make sales tax filings by hand or using their AutoFile feature. For this review, we’ll dig into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing income tax returns The team will guide you on how to handle these. But, it is up to you and your team members to complete the process on time. TaxJar is there to provide guidance on what you need to do but not handle it.
If you would 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 will be automated from calculating sales tax in order to record and process them. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be put together into a single dashboard through this platform. Once you’re on the platform you and your team will have access to all the information you need, like the list of transactions, reports, as well as the data.
The best part about the feature you’ve chosen is it lets you to automatically update every day. Not only will they let to know the amount you’ve collected, but they also help you track when your following payment is due.
Their dashboard also allows users to view in detail the sales tax totals within your company. You can also export the data to a CSV file, if you want to use it for your accounting and financial planning processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep track of all of the sales avenues you use. That means you won’t have to scramble for your documents when you need them in a pinch. Even even if you already have an accountant, this function will make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have to cover other operational costs.
The best part is that TaxJar offers tutorials and training not only for their platform , but also for anything related to sales tax. You can look through their webinars, guides as well as their blog to find more info. In addition, their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. This is why in this section, we’ll look into TaxJar’s pricing tiers and what each of those options can offer you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. They say it’s the best plan if you need help with filing requirements or reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small company owner, this plan will be perfect for you. It might not include all the features of TaxJar however, it does include all the basics you require.
In addition, you can reach their support team with their email support chart. Additionally, you’ll have access to their integration features.
If you’re looking to get a bit more than just the basics, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
How different is it from the original plan?
In addition to accessing every one of Starter plan’s features, you also get access to their phone customer support, API access, and advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you own a huge company, you may need to go for an upgrade instead. It has all of the features you need to make your tax filing easier. Additionally, they permit unlimited integrations with data imports as well as Integrations with APIs, teams of users as well as AutoFiles.
They also have a staff that is devoted to managing your account. However, they don’t disclose the amount that the Premium plan is going to cost. Fba Locations Pennsylvania TaxJar
However, they did say that this plan is customized to each user. The cost of the plan will be different according to what you require for 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 considering various options, they provide the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is a good fit for you.
Pros and Pros and
After we’ve gone over everything you should know about TaxJar let’s take a break. To sum it all up we’ll go over the pros and cons of making use of TaxJar for your company.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers 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
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable to USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid out TaxJar provides a fantastic platform to companies that have multiple sales channels and uses numerous platforms. If that’s what you do, then you must try TaxJar.
Not only will it help you track the sales and profits of your business however, it will help you meet your deadlines. This is also an excellent platform for an accountant since they provide a Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
The use of TaxJar can allow you to get more done while keeping track of every deadline and obligation you have to meet. If you’re living in a place with complicated tax laws, this can surely help you wrap your head around it. Fba Locations Pennsylvania TaxJar
However, if managing taxes is easy If it isn’t, then TaxJar could be a waste of investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track everything. If you’re finding the entire procedure simple to follow then you’re better off doing it on your own.
FAQ Fba Locations Pennsylvania TaxJar
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transaction amounts are n US$. If you’re using another currency, you will need to convert it to US$ prior to when TaxJar determines your tax.