Taxes are always one of the most difficult tasks to complete, whether you’re running an enterprise or not. Even more so if you do not have a degree in finance or accounting. Tax-related tasks aren’t easy, particularly when you’re packed with things to do. In the event that you do not have the budget to employ an accountant, performing the task on your own could be risky. If you overlook one thing it could mean you need to repeat the process!
Most people want to skip this step. But since it’s required to be done, we can’t choose not to.
What is the best way to deal with it?
It is always possible to make life easier with tools such as TaxJar.
Here we’ll take a look at this life-saving tool and how it can assist you. Although this is quite lengthy, you should be able to gauge whether TaxJar is the tool you require in the present.
Do you prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar How To California Sales Tax TaxJar
Founded in 2013, TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It’s a solution for the entire life cycle. In addition, you can apply it across all of your channels of sales to make sure you’re in compliance with sales tax requirements. It streamlines processes that can take days to complete, and is completed in just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is used extensively by business owners who run online businesses to keep everything organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll want to check is that your accounting tax software seamlessly works well along with sales funnels. If you’re selling through multiple channels, it is essential to maintain everything in line. The most important thing is not to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your key metrics in one place. 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 it will do the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar lets customers make sales tax filings manually or through TaxJar’s AutoFile feature. For this review, we’ll dig at both.
If you opt to do it manually, TaxJar will allow you to connect your sales platforms. Once the time comes for the filing of income tax returns, the team will instruct you on managing these. But, it is up to you and your team to complete the process on time. TaxJar is only there to guide you on what you need to accomplish, but not manage it.
If you would 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 will be automated from calculating sales tax in order to record and process it. There could be extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to assist you with your accounting woes. Your orders from your e-commerce channels can be compiled into a single dashboard via this platform. From there you and your staff can access everything you need, like the list of transactions, reports and information.
The greatest benefit of this option is the fact that they allow you to update your account automatically each day. Not only will they let you keep track of how much you’ve collected and how much you’ve earned, but they also let you track when your following payments are due.
The dashboard allows you to fully view the sales tax totals for your business. It is also possible to export the information to the form of a CSV file if you need it for your accounting and financial planning processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of your sales channels. This means that you don’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.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your money more efficiently. You’ll know better how much budget you have available for other operational expenses.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform but everything related to sales tax. Check out their webinars, guides as well as their blog to find more information. Apart from that, their sales tax calculator is helpful if you’re planning on do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing features, but they can be too costly for the business you run. That’s why for this section we’ll take a look at TaxJar’s pricing levels and what each of those plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. They claim that it’s the best plan for those who need assistance with filing requirements or reporting. It also includes taxes on sales and sales as well as four autofiles for free each year, and an CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small business owner, this plan will be ideal for you. It may not offer all of TaxJar’s features, but it has the essentials that you need.
Additionally, you can contact their customer support via their email support chart. You’ll also be able to use their integration capabilities.
Professional
If you’re looking for something that is more than the standard features, then the Professional plan could be the one for you. The price starts at $99 but it can go higher if you add custom features.
How different is it from the original plan?
In addition to having access to each of Starter plan’s features, you also get access to their support via phone, API access, and sophisticated CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you have a massive company, you may need to opt for an upgrade instead. It has all of the features that you require to aid in your tax preparation. Additionally, they permit unlimited import integrations of data, API integrationsfor team users, and AutoFiles.
They also have a team dedicated in managing your accounts. However, they don’t disclose how much the Premium plan is going to cost. How To California Sales Tax TaxJar
However, they did say that this plan is customized for every user. Therefore, the cost will differ depending on what you need to run your business.
Free Trial
It’s a good thing that you don’t have to risk your money to see if this platform is right for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should give you enough time to see whether the service is a good fit for you.
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Pros and Pros and
We’ve covered everything you must be aware of TaxJar let’s take a breather. To summarize, here are the advantages and disadvantages of the use of TaxJar for your company.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers 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
Cons
- 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 to USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes numerous platforms. If that sounds like what you’re doing, then you should try this.
Not only will it aid in tracking your revenue and products, but it can help you meet your deadlines. It is also a great 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.
Utilizing TaxJar can help you reduce time and keep the track of each deadline and requirement you have to fulfill. If you’re living in a place with complicated tax laws, this will surely help you wrap your head around the subject. How To California Sales Tax TaxJar
However, if managing taxes is easy and straightforward, then TaxJar could be a waste of expense. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. If you find the entire procedure simple to follow then you’re better to do it on your own.
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FAQ How To California Sales Tax TaxJar
Which areas does TaxJar provide API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it to USdollars prior to when TaxJar determines your tax.
