Taxes have always been one of the hardest things to do, whether you’re running a business or not. Particularly if you don’t have any experience in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re packed with things to do. In the event that you do not have enough money 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 do it all over again!
Nearly everyone would prefer to skip this step. But since it’s required and mandatory, there’s no other choice.
What is the best way to deal with it?
We can always make our lives easier with tools such as TaxJar.
This article will take a look at this well-known life-saving device and how it can assist you. While this is a long read, you should be able to assess whether TaxJar is the tool you require in the present.
Are you looking watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
But for those who prefer to read, then let’s dive right in.
What is TaxJar Houzz Implementation With 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 is a solution for the entire life cycle. Furthermore, you can utilize it across all the sales channels you use to ensure compliance with your sales taxes. It streamlines processes that take days to complete and can be completed in a matter of just a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is widely used by business owners who run online businesses to make their business more simple and organized. Let’s explore the benefits and features of TaxJar.
Features and services
One of the most important things you’ll need to ensure you have a tax accounting system seamlessly works well with your sales channel. If you’re using multiple sales channels, you need 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 metrics in one spot. So, there’s no need to collect data in multiple channels and sort it into a single platform. All you need to do is connect TaxJar and the platform will take care of the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows customers to submit their sales tax either manually or via the AutoFile feature. In our review we’ll take a look at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all the sales channels you use. Once the time comes for the filing of income tax returns TaxJar will train you on how to handle these. It is up for you and your staff to finish the tax returns on time. TaxJar will only provide guidance on what you should do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out any forms manually. With this feature, everything will be automated from calculating sales tax in order to record and process them. However, there might be extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting problems. The orders you place through your online channels can be put together into one dashboard using this platform. Once you’re on the platform you and your team will have access to everything you need, such as an inventory of your transactions, reports, and information.
The best part about this option is the fact that they allow you to automatically update every day. They not only let you know how much you’ve accumulated, but they also help you track when your following payment is due.
Their dashboard can also allow you to fully view the total sales tax in your business. You can also export your data to CSV format. CSV file, if you want to use it to aid in process of financial planning and accounting or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all your sales channels. This means that you don’t have to search for your documents when you’re when you’re in a pinch. Even even if you already have an accountant, this function will aid them in being more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll be aware of the budget you have to cover other operating expenses.
The best part is that TaxJar offers tutorials and training, not just for their platform but everything connected to sales tax. You can check out their webinars, guides as well as their blog to find more info. In addition, their sales tax calculator is useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb features, but they can be too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing tiers and what each of those choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. The company claims that it’s the most effective plan for those who need assistance in filing and reporting. It includes sales tax reporting, 4 free yearly AutoFiles, and the option of a CSV import. With the starter plan, you can access their AI tax tips.
If you’re a smaller company manager, the plan should be perfect for you. It may not offer all the features offered by TaxJar, but it has the basic features you require.
In addition, you can reach their support team with their email support chart. You’ll also be able to use their integration tools.
If you’re looking to get a bit more than just the basic features, then the Professional plan might be the right one for you. It’s priced at $99 but it can go higher if you add custom features.
How different is it from the starter plan?
In addition to accessing every one of Starter plan’s features, you also have their phone customer support access to APIs, as well as sophisticated CSV import. They also allow you to get 12 AutoFiles for free each year.
If you own a huge company, you may need to go for premium plans instead. It comes with all the features needed to aid in your tax preparation. Moreover, they allow unlimited data import integrations API integrations, team members, and AutoFiles.
There is also a team who are devoted for managing the account. They don’t reveal the amount that the Premium plan is going to cost. Houzz Implementation With TaxJar
But they did state that the plan is custom-made to each user. The cost of the plan will be different depending on what you need for your company.
Luckily, you don’t have to bet your life on it to see if this platform is for you. If you’re still considering different options, they offer 30 days of free trial. This should give you enough time to see whether the software is the right choice for you.
Pros and Pros and
We’ve covered everything you need to know about TaxJar Let’s relax. To summarize we’ll go over the advantages and disadvantages of the use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated 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 have access to the API feature.
- Only applicable for USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for businesses with multiple sales channels and uses numerous platforms. If that sounds like what you’re doing, then you ought to try this.
It’s not just a way to aid in tracking the sales and profits of your business It can help you meet the deadlines you set. It’s also an excellent platform for an accountant since they have the Tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
Using TaxJar can help you get more done while keeping the track of each deadline and requirement you have to meet. If you’re in a place with complicated tax laws, this will definitely help you get your head around the subject. Houzz Implementation With TaxJar
If handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you find the whole procedure easy to complete and you’re comfortable with it, you may be better in doing it all by yourself.
FAQ Houzz Implementation With TaxJar
Which areas does TaxJar offer API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions are in USdollars. If you’re using a different currency, you will need to convert it to USdollars prior to when TaxJar can calculate your tax.