Taxes have always been among the most difficult tasks to complete regardless of whether you’re running your own business or not. Particularly if you don’t have any experience in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is full of things to be done. In the event that you do not have the budget to engage an accountant performing the task on your own can be dangerous. If you make a mistake it could mean you need to repeat the process!
Almost everyone wants to avoid this step. However, since it’s mandatory and mandatory, there’s no other choice.
What can we do ?
We can simplify our lives with tools such as TaxJar.
We’ll look at this popular life-saving device and how it can assist you. Although this is quite a long read, you should be able to gauge whether TaxJar is the tool you require today.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, then let’s get right into it.
What is TaxJar? Filing Sales Tax California TaxJar
The company was founded in 2013 TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. In addition, you can apply it across all of your channels of sales to ensure compliance with sales tax requirements. It simplifies the processes that can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been utilized in various industries like 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 organized and straightforward. Let’s explore their features and services.
Services and features
One of the first things you’ll need to make sure is your tax-reporting system is compatible along with sales funnels. If you have multiple sales channels, you need to ensure that everything is in order. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your critical metrics in one place. This means that there is no requirement to collect information from multiple sources and organize it into a single platform. All you have to do is to integrate TaxJar, it will do the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they can integrate with:
TaxJar lets customers submit their sales tax manually or through the AutoFile feature. For this review, we’ll look at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect your sales platforms. Once the time comes for filing tax returns for income The team will guide you on how to handle them. It is up to you and your staff to complete the process on time. TaxJar is there to provide guidance on what you should accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit all forms by hand. With this feature, everything is automated, from calculating sales taxes through recording, and then processing them. There could be additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting problems. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. Once you’re on the platform you and your staff can access everything you need, like an inventory of your transactions, reports, and information.
The best part about this feature is that it lets you to update automatically every day. Not only will they let to know the amount you’ve collected however, they can also help you determine when your next payments are due.
The dashboard allows you to see the sales tax totals in your business. Additionally, you can export your data as a CSV file in case you require it in your accounting and financial planning processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. It means you don’t need to scramble for your documents when you’re when you’re in a pinch. Even if you already have your accounting firm, the feature can make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds better. You’ll know better how much budget you have available for other operating costs.
But what’s even better is that TaxJar provides training and tutorials not only on their platform, but for anything connected to sales tax. You can look through their guides, webinars, as well as their blog to find more details. Apart from that the sales tax calculator can be helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. For this reason we’ll take a look at TaxJar’s pricing levels and what each of these plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan is priced at $19. They say it’s the most suitable plan for you to help you with filing requirements or reporting. It includes the tax on sales, four free yearly AutoFiles, and a CSV import. Even with the starter plan, you can access their AI tax recommendations.
If you’re a small business proprietor, then this program should be ideal for you. It may not have all of TaxJar’s features however, it does include the essentials that you need.
Additionally, you can contact their support team with their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for that is more than the basic features Professional could be the one for you. The price starts at $99 but you can increase it by adding custom features.
What is the difference from the starter plan?
In addition to having access to all of the Starter plan’s features, you also have their phone customer support access to APIs, as well as advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you own a huge enterprise, you may want to opt for premium plans instead. It has all of the features that you require to help with your taxes. Moreover, they allow unlimited data import integrations API integrationsfor team members as well as AutoFiles.
There is also a team that is devoted in managing your accounts. They don’t reveal how much the Premium plan will cost you. Filing Sales Tax California TaxJar
However, they did say that this plan is customized for every user. The cost of the plan will be different in line with what you require to run your business.
It’s a good thing that you don’t have to bet your life on it 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. It should give you enough time to see whether the service is an excellent fit for you.
Pros and Pros and
We’ve covered everything you need to be aware of TaxJar let’s take a break. To summarize, here are 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 help save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything laid out, TaxJar can be a great platform businesses with numerous sales channels, and that utilizes plenty of platforms. If that’s what you’re doing, then you must try TaxJar.
Not only will it help you track your products and revenue It can also help you meet your deadlines. It’s also an excellent option for accountants as they offer a Tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.
Using TaxJar will help you save more time while keeping track of every deadline and obligation you have to meet. If you’re living in a region with a lot of tax laws, this will certainly help you to get your head around the subject. Filing Sales Tax California TaxJar
However, if managing your taxes is simple and straightforward, then TaxJar might not be a good investment. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. In addition, if you’re finding the entire process easy to do and you’re comfortable with it, you may be better in doing it all on your own.
FAQ Filing Sales Tax California TaxJar
What are the areas in which TaxJar provide API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any 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 will need to convert it into USUSD before TaxJar can calculate your tax.