Taxes have always been one of the most difficult things to handle regardless of whether you’re running a business or not. Particularly if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, especially when you’re packed with things to do. If you don’t have enough money to hire an accountant, performing the task on your own can be dangerous. If you miss one detail and you don’t know it, you may have to redo things again!
Nearly everyone would prefer to skipping this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do ?
We can always make our lives easier by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and how it can benefit you. Even though this is an extensive read but you’ll be able to determine if TaxJar is the tool you require today.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar How Many Filings Are There In California For TaxJar
In 2013, TaxJar was established. TaxJar is an application that automatizes your filings, reports, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it in all of your channels of sales to ensure compliance with your sales taxes. It simplifies the processes that can take days to complete, and finish within just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by online business owners to make their business more simple and organized. Let’s take a look at the features and services offered by TaxJar.
Services and features
One of the most important things you’ll need to ensure is that your accounting tax software is compatible with your sales channel. If you’re selling through multiple channels, you need to maintain everything in line. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your critical metrics in one place. So, there’s no need to gather information from multiple sources and organize it into one platform. All you need to do is connect TaxJar, and the platform will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar lets customers make sales tax filings manually or through the AutoFile feature. In the purpose of this article, we’ll look at both.
If you opt to do it manually, TaxJar will allow you to connect all those sales tools. Once the time comes for filing income tax returns TaxJar will train you on how to manage these. It is up to you and your staff to complete everything in time. TaxJar is there to guide you on what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit the forms in a manual manner. This feature will ensure that everything will be automated from calculating sales taxes in order to record and process them. However, there might be additional charges if they are not included in the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting issues. The orders you place through your online channels can be compiled into a single dashboard through this platform. From there you and your staff will have access to all the information you need, like the list of transactions, reports, and data.
The greatest benefit of this feature is that it lets you to update your account automatically each day. They not only let you know how much you’ve earned, but they also help you track when your following payments are due.
The dashboard allows you to see the sales tax totals in your business. You can also export your data in a CSV file in case you require it for your financial planning and accounting processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all the channels you sell through. That means you won’t have to scramble for your documents when you need them when you’re in a pinch. Even even if you already have an accountant, this function can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds more effectively. You’ll know better how much budget you have for other operational costs.
But what’s even better is that TaxJar provides training and tutorials, not just for their platform , but also for anything that has to do with sales tax. You can look through their guides, webinars, or blog posts for additional information. Apart from that their sales tax calculator should be beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb features, but they can be too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing tiers and what each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the most effective plan if you need help with filing requirements and reporting. It comes with taxes on sales and sales as well as 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the basic 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 have all the features of TaxJar however, it does include the essentials that you need.
In addition, you can reach their customer support via their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for that is more than the basics, then the Professional plan may be the best option for you. The price starts at $99 however, it could go up when you add additional features.
How different is it from the original plan?
In addition to accessing every one of Starter plan’s options, you also have access to the support of their customer service via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive company, you may need to opt for the Premium plan instead. It comes with all the features you need to make your tax filing easier. In addition, they offer unlimited data import integrations API integrationsfor team members and AutoFiles.
They also have a staff that is devoted to managing your account. They don’t reveal the amount that the Premium plan will cost you. How Many Filings Are There In California For TaxJar
But they did state that the plan is custom-made to each user. So the costs will vary in line with what you require to run your business.
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still looking into different options, they offer a 30-day free trial. It should give you enough time to see if the platform is an excellent fit for you.
Pros and Pros and
We’ve covered everything you must be aware of TaxJar Let’s relax. In order to sum up the whole thing Here are the pros and cons of making use of TaxJar to run your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes plenty of platforms. If that sounds like what you’re doing, then ought to try this.
Not only can it help you track the sales and profits of your business however, it will assist you in meeting your deadlines. It’s also an excellent option for accountants as they offer the Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
Using TaxJar will help you reduce time and keep the track of each deadline and requirement you have to meet. If you’re in a region with a lot of tax laws, this will certainly help you to get your head around the subject. How Many Filings Are There In California For TaxJar
If handling taxes is easy If it isn’t, then TaxJar could be a waste of investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. In addition, if you find the entire procedure simple to follow then you’re better off doing it on your own.
FAQ How Many Filings Are There In California For TaxJar
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transactions are in USdollars. If you’re using another currency, you’ll have to convert it to US$ before TaxJar determines the tax.