Taxes are always one of the most difficult tasks to complete regardless of whether you run an enterprise or not. Even more so if you do not have any experience in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is packed with things to do. If you don’t have enough money to hire an accountant, doing it on your own could be dangerous. If you miss one detail, you might have to do it all over again!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do ?
It is always possible to make life easier by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can assist you. Even though this is a long read it is possible to determine if TaxJar is what you need today.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, then let’s dive right in.
What is TaxJar? How To File For Sale And Use Tax In Louisiana TaxJar
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It is a solution for your entire sales tax life cycle. In addition, you can apply it across all your channels of sales to make sure you’re in compliance with sales tax requirements. It simplifies the processes that require days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by business owners who run online businesses to ensure that everything is organized and straightforward. Let’s look into their features and services.
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Services and features
Integration
One of the first things you’ll need to make sure is that your accounting tax software seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, you must keep everything in place. The final thing you would like is to face a penalty due to not paying attention to a minor thing.
TaxJar lets you display your most important metrics in one spot. This means that there is no need to collect data from different channels and then organize it on one platform. All you have to do is integrate TaxJar, it will take care of the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms that they can connect with:
Filing
TaxJar allows customers to submit their sales tax by hand or using TaxJar’s AutoFile feature. In the purpose of this article, we’ll take a look at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing income tax returns The team will guide you on how to manage them. It is up to you and your team to finish the tax returns on time. TaxJar is there to provide guidance on what you should accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit all forms by hand. With this feature, everything will be automated from calculating taxes on sales in order to record and process it. There could be additional charges if they are not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to help you with your accounting issues. 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 staff will have access to all the information you require, including the list of transactions, reports, as well as the data.
The best part about this option is the fact that they allow you to update your account automatically each day. Not only can they help you know how much you’ve accumulated however, they can also help you keep track of when the next payment is due.
Their dashboard also allows you to see the sales tax totals for your business. You can also export your data in the form of a CSV file if you need it for your process of financial planning and accounting or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all the channels you sell through. It means you don’t need to hunt for your paperwork whenever you’re in a pinch. Even if you already have your accountant, this feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will help you plan your funds more effectively. You’ll know better how much budget you have available for other operating expenses.
What’s more is that TaxJar provides training and tutorials and tutorials, not just on their platform, but everything related to sales tax. Check out their webinars, guides, or blog posts for additional info. In addition the sales tax calculator is useful if you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. For this reason, we’ll look into TaxJar’s pricing tiers and what each of these plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. The company claims that it’s the most suitable plan for you if you need help in filing and reporting. It also includes taxes on sales and sales as well as four annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a small-scale company proprietor, then this program will be perfect for you. It may not have all of TaxJar’s features but it comes with all the basics you require.
Additionally, you can contact their customer support via their email support chart. Additionally, you’ll have access to their integration tools.
Professional
If you’re looking for something that is more than the basics Professional could be the one for you. The price starts at $99 however, it could go up if you add custom features.
So how different is it from the starter plan?
In addition to accessing every one of Starter plan’s options, you also have access to their phone customer support, API access, and advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you run a large enterprise, you may want to go for an upgrade instead. It includes all of the features that you require to aid in your tax preparation. In addition, they offer unlimited data import integrations Integrations with APIs, teams of users as well as AutoFiles.
They also have a team who are devoted for managing the account. They don’t reveal how much the Premium plan is going to cost. How To File For Sale And Use Tax In Louisiana TaxJar
However, they did say that the plan is custom-made for every user. So the costs will vary depending on what you need to run your business.
Free Trial
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to gauge whether the software is an excellent fit for you.
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Pros and Cons
Now that we’ve covered all you must know about TaxJar let’s take a break. In order to sum up the whole thing Here are the pros and cons of using TaxJar for your company.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides an online sales tax 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
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything laid out TaxJar can be a great platform businesses with many sales channels and utilizes plenty of platforms. If that sounds like what you’re doing, then you should try this.
Not only will it aid in tracking your products and revenue, but it can also help you meet the deadlines you set. It is also a great option for accountants as they offer the 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 or requirement you need to fulfill. If you live in a place with complicated tax regulations, this will definitely help you get your mind around it. How To File For Sale And Use Tax In Louisiana TaxJar
But if handling taxes is easy, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of everything. If you find the whole process easy to do and you’re comfortable with it, you may be better off doing it on your own.
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FAQ How To File For Sale And Use Tax In Louisiana TaxJar
What areas does TaxJar offer API support?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it to USUSD before TaxJar will calculate your tax.
