Taxes are always one of the most difficult things to handle regardless of whether you’re running your own business or not. Even more so if you do not have any experience in finance or accounting. 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 enough money to employ an accountant, doing it on yourself can be dangerous. If you make a mistake it could mean you have to do it all over again!
Most people want to skip this step. However, since it’s mandatory, we have no choice.
So what is the best way to deal with it?
It is always possible to make life easier by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving device and how it can help you. Although this is quite a long read but you’ll be able to determine if TaxJar is the tool you require today.
Do you prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What exactly is TaxJar? How To Build TaxJar Java Api With Maven?
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It is a solution for your entire sales tax life cycle. Additionally, you can use it in all of your channels of sales to make sure you’re in compliance with sales taxes. It simplifies the processes that require days to complete and finish within minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by online business owners to ensure that everything is simple and organized. Let’s take a look at the benefits and features of TaxJar.
> > Click Here to Start TaxJar for Free < <
Features and services
Integration
One of the first things you’ll need to make sure is your tax-reporting platform is compatible along with sales funnels. If you have multiple sales channels, you must 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 show your critical metrics in one spot. So, there’s no need to gather data from different channels and then organize it on one platform. All you have to do is to integrate TaxJar and the platform will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar lets customers make sales tax filings manually or through their AutoFile feature. For the purpose of this article, we’ll take a look into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all the sales channels you use. When it comes time to filing tax returns for income TaxJar will train you on managing these. But, it is up to you and your team to complete the process within the timeframe. TaxJar will only provide guidance on what you need to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out the forms in a manual manner. Through this feature, everything is automated, from calculating sales taxes through recording, and then processing it. There could be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to assist you with your accounting woes. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform, you and your team can access everything you need, like an inventory of your transactions, reports and information.
The most appealing aspect of the feature you’ve chosen is it allows you to update automatically every day. Not only can they help you know how much you’ve collected and how much you’ve earned, but they also let you determine when your next payments are due.
Their dashboard can also allow you to see the total sales tax within your company. You can also export the information as the form of a CSV file in case you require it in your financial planning and accounting processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the sales avenues you use. This means that you don’t have to scramble for your documents when you need them in a pinch. Even when you already have your accountant, this feature will aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll know better how much budget you have to cover other operational expenses.
What’s more is that TaxJar offers tutorials and training, not just for their platform , but also everything related to sales tax. You can check out their webinars, guides, as well as their blog to find more details. In addition the sales tax calculator is beneficial when you’re planning to complete everything yourself.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Certain platforms have amazing features, but they can be too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing levels and the features that each of these plans can offer. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the most effective plan for those who need assistance with filing requirements or reporting. It also includes the tax on sales, four autofiles for free each year, and the option of a CSV import. With the starter plan, you can access their AI tax advice.
If you’re a smaller company proprietor, then this program should be ideal for you. It might not include all the features of TaxJar however, it does include the essentials that you need.
You can also contact their customer support via their email support chart. You’ll also have access to their integration features.
Professional
If you’re looking for something a bit more than just the basics Professional could be the one for you. It’s priced at $99 but it can go higher if you add custom features.
So how different is it from the starter plan?
In addition to accessing all of the Starter plan’s features, you also get access to their phone customer support Access to APIs, phone support, and advanced CSV import. You can also have 12 free AutoFiles each year.
Premium
If you run a large enterprise, you may want to go for premium plans instead. It comes with all the features you need to make your tax filing easier. Moreover, they allow unlimited import integrations of data, Integrations with APIs, teams of members and AutoFiles.
They also have a team that is devoted for managing the account. But, they don’t divulge how much the Premium plan costs you. How To Build TaxJar Java Api With Maven?
However, they did say that the plan is custom-made for each user. Therefore, the cost will differ in line with what you require for your company.
Free Trial
Fortunately, you don’t need to bet your life on it to see if this platform is for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to determine whether the software is the right choice for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
After we’ve gone over everything you need to know about TaxJar let’s take a break. To summarize Here are the advantages and disadvantages of making use of TaxJar for your company.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- You can track several sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to review local laws
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies that have many sales channels and utilizes many platforms. If that’s what you’re doing, then you ought to try this.
Not only will it assist you in keeping track of the sales and profits of your business however, it will assist you in meeting the deadlines you set. It is also a great opportunity for accountants since they provide a Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
Using TaxJar can allow you to get more done while keeping on top of each deadline and requirement you have to meet. If you’re living in an area with complex tax regulations, this will definitely help you get your mind around it. How To Build TaxJar Java Api With Maven?
But if handling your taxes is simple and straightforward, then TaxJar may be an unnecessary investment. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. If you find the entire procedure simple to follow, you might be better off doing it on your own.
> > Click Here to Start TaxJar for Free < <
FAQ How To Build TaxJar Java Api With Maven?
Which areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it to US$ before TaxJar will calculate the tax.
