Taxes have always been one of the most difficult tasks to complete regardless of whether you run your own business or not. Particularly if you don’t have a background in finance or accounting. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have the budget to employ an accountant, doing it on your own can be dangerous. If you miss one detail, you might need to repeat the process!
Most people want to avoid this step. But , as it’s a requirement and mandatory, there’s no other choice.
So what can we do ?
We can always make our lives easier by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can assist you. Even though this is an extensive read it is possible to gauge whether TaxJar is exactly what you need in the present.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, let’s dive right in.
What is TaxJar? File Pennsylvania Taxes Online TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It is a solution for your entire sales tax life cycle. In addition, you can apply it in all of the sales channels you use to make sure you’re in compliance with sales taxes. It simplifies the processes that require days to complete and finish within minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by online business owners to make their business more organized and straightforward. Let’s look into their features and services.
Features and services
One of the most important things you’ll need to ensure is your tax-reporting software is compatible in conjunction with the sales channels you use. If you have multiple sales channels, it is essential to maintain everything in line. The last thing you want is to be penalized for overlooking just one minor detail.
TaxJar lets you display your key data in one location. That way, there’s no need to gather information from multiple sources and then organize it on one platform. All you have to do is integrate TaxJar and the platform will take care of all the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows customers to submit their sales tax by hand or using the AutoFile feature. For our review we’ll take a look at both.
If you choose to go it alone, TaxJar will allow you to connect all those sales tools. Once the time comes for filing tax returns for income TaxJar will train you on managing the tax returns. However, it will be up to you and your team members to complete everything in time. TaxJar is there to guide you on what you need to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out any forms manually. Through this feature, everything will be automated from calculating sales taxes to recording and processing them. But, it is possible to incur extra fees if not part of the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting woes. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. From there you and your staff will have access to everything you need, like a list of your transactions, reports and data.
The best part about this option is the fact that they allow you to automatically update every day. Not only will they let to know the amount you’ve collected, but they also help you keep track of when the next payments are due.
Their dashboard can also allow you to see the total sales tax in your business. You can also export the data to CSV format. CSV file, if you want to use it to aid in accounting and financial planning processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of your sales channels. It means you don’t need to scramble for your documents when you’re when you’re in a pinch. Even when you already have your accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your funds more effectively. You’ll be aware of the budget you have for other operating costs.
What’s more is that TaxJar offers training and tutorials not only on their platform, but for anything related to sales tax. You can check out their webinars, guides, and blog for more info. Apart from that, 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 set your budget. Certain platforms have amazing features, but they can be too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing levels and what each of these plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan starts at $19. They say it’s the most effective plan for those who need assistance with filing requirements or reporting. It also includes taxes on sales and sales as well as 4 free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a smaller company owner, this plan will be ideal for you. It may not offer all the features of TaxJar, but it has the essentials that you need.
You can also contact their support team with their support chart for email. You’ll also be able to use their integration capabilities.
If you’re looking for something different from the basics and options, then the Professional plan could be the one for you. The price starts at $99 but you can increase it when you add additional features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s features, you also get access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive business, you might need to go for premium plans instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of members and AutoFiles.
There is also a team dedicated to managing your account. However, they don’t disclose how much the Premium plan is going to cost. File Pennsylvania Taxes Online TaxJar
But they did state that this plan is tailor-fit for every user. The cost of the plan will be different in line with what you require for your company.
It’s a good thing that you don’t have to risk your money to find out if the platform is the right one for you. If you’re still looking into other options, they have a 30-day free trial. This should give you enough time to determine whether the software is an excellent fit for you.
Pros and Cons
After we’ve gone over everything you need to be aware of TaxJar let’s take a break. In order to sum up the whole thing Here are the pros and cons of making use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to companies with numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then you must try TaxJar.
Not only can it aid in tracking the sales and profits of your business, but it can help you meet your deadlines. This is also an excellent platform for an accountant since they have the Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
Utilizing TaxJar can allow you to save more time while keeping track of every deadline and requirement you have to fulfill. If you live in an area with complex tax laws, this can certainly help you to get your mind around it. File Pennsylvania Taxes Online TaxJar
But if handling taxes is easy If it isn’t, then TaxJar may be an unnecessary expense. If you have only one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire process easy to do and you’re comfortable with it, you may be better in doing it all by yourself.
FAQ File Pennsylvania Taxes Online TaxJar
What are the areas in which TaxJar provide API support?
TaxJar is currently assisting countries such as Australia, 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 type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transaction amounts are n US$. If you’re using another currency, you’ll need to convert it to USUSD before TaxJar determines the tax.