Taxes have always been one of the most difficult tasks to complete regardless of whether you run your own business or not. More so if you don’t have a background in finance or accounting. Tax-related tasks aren’t easy, particularly when your whole day is full of things to be done. When you’re not able to afford the budget to engage an accountant performing the task on yourself can be risky. If you miss one detail, you might need to repeat the process!
Most people want to avoid this step. However, since it’s mandatory and mandatory, there’s no other choice.
What can we do ?
We can always make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can assist you. Although this is quite lengthy it is possible to assess whether TaxJar is the tool you require in the present.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
But for those who prefer to read, then we’ll dive right into.
What is TaxJar Florida Sales Tax Return TaxJar
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it in all of the sales channels you use to ensure compliance with sales tax requirements. It makes the process simpler that could require days to complete and can be completed in a matter of minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by online business owners to make their business more neat and simple. Let’s look into the features and services offered by TaxJar.
Features and services
One of the first things you’ll want to check is your tax-reporting software perfectly integrates along with sales funnels. If you’re using multiple sales channels, you need to maintain everything in line. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar lets you display your critical metrics in one place. That way, there’s no need to collect data in multiple channels and organize it into a single platform. All you need to do is connect TaxJar it will handle the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms they can integrate with:
TaxJar allows clients to file their sales taxes by hand or using the AutoFile feature. For this review, we’ll take a look into 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 instruct you on managing the tax returns. It is up to you and your staff to complete everything on time. TaxJar is only there to provide guidance on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. With this feature, everything will be automated from calculating taxes on sales through recording, and then processing it. But, it is possible to incur additional charges if they are you do not include this feature in the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting woes. 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 everything you need, like an inventory of your transactions, reports, as well as the data.
The most appealing aspect of this feature is that it allows you to update your account automatically each day. Not only will they let you know how much you’ve earned however, they can also help you track when your following payment is due.
Their dashboard also allows users to view in detail the total sales tax in your business. It is also possible to export your data in a CSV file, if you want to use it in your process of financial planning and accounting or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep the track of all the sales avenues you use. That means you won’t have to scramble for your documents 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 the sales tax you pay in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have for other operating costs.
What’s more is that TaxJar provides training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. You can look through their webinars, guides and blog for more details. In addition, their sales tax calculator can be useful if you’re planning to complete everything 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. That’s why for this section we’ll examine TaxJar’s pricing structures and what each of those plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan is priced at $19. They claim that it’s the best plan to help you in filing and reporting. It includes the tax on sales, four free yearly AutoFiles, and an CSV import. Even with the basic plan, you can access their AI tax advice.
If you’re a smaller business proprietor, then this program will be perfect for you. It may not offer all of TaxJar’s features, but it has the basic features you require.
In addition, you can reach the support team via their email support chart. Additionally, you’ll have access to their integration features.
If you’re looking for different from the basic features and options, then the Professional plan could be the one for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s options, you also have access to the support of their customer service via phone access to APIs, as well as the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
If you run a large enterprise, you may want to opt for an upgrade instead. It comes with all the features you need to make your tax filing easier. Additionally, they permit unlimited data import integrations API integrationsfor team users as well as AutoFiles.
They also have a team who are devoted for managing the account. However, they don’t disclose the amount that the Premium plan costs you. Florida Sales Tax Return TaxJar
However, they did mention that the plan is custom-made for every user. Therefore, the cost will differ in line with what you require for your business.
It’s a good thing that you don’t have to bet your life on it to see if this platform is the right one 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 gauge if the platform is a good fit for you.
Pros and Cons
After we’ve gone over everything you should be aware of TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the advantages and disadvantages of making use of TaxJar to run your business.
- Does the plan include the 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 simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable to USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies with multiple sales channels and uses numerous platforms. If this sounds like the way you’re doing, then you must try TaxJar.
It’s not just a way to help you track your revenue and products, but it can also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they offer a Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Using TaxJar will help you save more time while keeping on top of each deadline or requirement you need to meet. If you live in an area with complex tax laws, this will surely help you wrap your head around it. Florida Sales Tax Return TaxJar
If handling taxes is easy and straightforward, then TaxJar might not be a good investment. If you only have one or two sales channels, TaxJar won’t be needed to track all of it. If you’re finding the entire process easy to do then you’re better in doing it all by yourself.
FAQ Florida Sales Tax Return TaxJar
Which areas does TaxJar provide API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it to US$ before TaxJar will calculate your tax.