Taxes have always been one of the most difficult tasks to complete, whether you’re running a business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re packed with things to do. When you’re not able to afford the funds to employ an accountant, performing the task on yourself can be risky. If you miss one detail and you don’t know it, you may have to redo things again!
Most people want to skip this step. However, since it’s mandatory, we have no choice.
What is the best way to deal with it?
We can simplify our lives by using tools like TaxJar.
This article will take a look at this popular life-saving tool and explain how it can assist you. Although this is quite lengthy, you should be able to gauge whether TaxJar is exactly what you need today.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
For those who like to read, let’s get right into it.
What exactly is TaxJar? Filing Taxes Washington TaxJar
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it across all of your channels of sales to ensure that you are in compliance with sales tax requirements. It streamlines processes that take days to complete and finish within just a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, 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 neat and simple. Let’s explore the features and services offered by TaxJar.
Services and features
One of the first things you’ll need to ensure is your tax-reporting system seamlessly works well with your sales channel. If you’re selling through multiple channels, you must keep everything in place. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one spot. That way, there’s no need to gather information from multiple sources and then organize it on one platform. All you need to do is integrate TaxJar, then the system will handle the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms they can integrate with:
TaxJar allows customers to file their sales taxes by hand or using their AutoFile feature. In the purpose of this article, we’ll take a look into 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 the tax returns. But, it is up for you and your staff to complete everything in time. TaxJar will only help you understand what you need to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out any forms manually. Through this feature, everything will be automated from calculating sales tax through recording, and then processing it. However, there might be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to ease your accounting problems. All orders made through your e-commerce channels can be put together into one dashboard using this platform. From there you and your team will have access to all the information you require, including a list of your transactions, reports, and information.
The greatest benefit of the feature you’ve chosen is they allow you to automatically update every day. They not only let you keep track of how much you’ve collected, but they also help you keep track of when the next payments are due.
Their dashboard can also allow you to fully view the total sales tax in your business. It is also possible to export the information in a CSV file in case you require it for your financial planning and accounting processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all the channels you sell through. That means you won’t have to hunt for your paperwork when you’re in the event of a need. Even when you already have your accounting firm, the feature will make them more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will help you plan your funds better. You’ll know better how much budget you have to cover other operating costs.
What’s more is that TaxJar offers training and tutorials not only on their platform, but everything that has to do with sales tax. You can look through their webinars, guides, or blog posts for additional details. In addition the sales tax calculator can be beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing features, but they can be too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing structures and the features that each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. The company claims that it’s the most effective plan if you need help in filing and reporting. It comes with sales tax reporting, 4 annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale business owner, this plan could be ideal for you. It may not offer all the features offered by TaxJar however, it does include all the basics you require.
In addition, you can reach the support team via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for different from the basic features Professional could be the one for you. The price starts at $99 however, it could go up by adding custom features.
So how different is it from the basic plan?
In addition to accessing each of Starter plan’s options, you also have access to their phone customer support, API access, and sophisticated CSV import. You can also get 12 AutoFiles for free each year.
If you have a massive business, you might need to opt for the Premium plan instead. It includes all of the features you need to aid in your tax preparation. Additionally, they permit unlimited integrations with data imports as well as API integrationsfor team members as well as AutoFiles.
They also have a team that is devoted to managing your account. However, they don’t disclose the price of the Premium plan. is going to cost. Filing Taxes Washington TaxJar
However, they did say that the plan is custom-made to each user. Therefore, the cost will differ depending on what you need to run your business.
It’s a good thing that you don’t have to gamble your money just to determine if this service is right for you. If you’re still considering different options, they offer a 30-day free trial. It should give you enough time to determine if the platform is an excellent fit for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a breather. In order to sum up the whole thing Here are the pros and cons of the use of TaxJar for your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers an online sales tax calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable for USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses numerous platforms. If that’s what you’re doing, then you ought to try this.
Not only will it help you track your revenue and products It can also help you meet the deadlines you set. It is also a great option for accountants as they provide a Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
The use of TaxJar will help you reduce time and keep the track of each deadline or requirement you need to meet. If you’re living in an area with complex tax regulations, this will certainly help you to get your head around it. Filing Taxes Washington TaxJar
However, if managing taxes is easy If it isn’t, then TaxJar could be a waste of expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of everything. If you find the whole procedure easy to complete then you’re better to do it by yourself.
FAQ Filing Taxes Washington TaxJar
Which areas does TaxJar provide API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it into US$ before TaxJar will calculate your tax.