Taxes have always been among the hardest things to do regardless of whether you’re running an enterprise or not. More so if you don’t have a background in accounting or finance. 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 the budget 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 avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
So what can we do about it?
We can always simplify our lives 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 lengthy but you’ll be able to gauge whether TaxJar is what you need today.
Do you prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar? How To File Pennsylvania TaxJar
Founded in 2013, TaxJar is an application that automatizes your filings, reports, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all your channels of sales to ensure compliance with your sales taxes. It makes the process simpler that could can take days to complete, and finish within just a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to 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 want to check you have a tax accounting software is compatible along with sales funnels. If you have multiple sales channels, it is essential to ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your key data in one location. So, there’s no need to collect data in multiple channels and then organize it on one platform. All you need to do is connect TaxJar then the system will handle all the rest.
Apart from that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar lets customers make sales tax filings either manually or via their AutoFile feature. In the purpose of this article, we’ll take a look into both.
If you choose to go it alone, TaxJar will allow you to connect all of those sales tools. When it comes time to filing income tax returns TaxJar will train you on how to handle these. It is up to you and your team to complete the process in 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 for you. This means that you don’t have to fill out any forms manually. This feature will ensure that everything will be automated from calculating taxes on sales in order to record and process it. There could be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there you and your team will have access to everything you need, such as an inventory of your transactions, reports, and the data.
The greatest benefit of this feature is that it lets you to automatically update every day. They not only let to know the amount you’ve accumulated however, they can also help you keep track of when the next payments are due.
The dashboard allows you to see the total sales tax for your business. You can also export the information as CSV format. CSV file if you need it to aid in process of financial planning and accounting or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. It means you don’t need to search for your documents when you need them in a pinch. Even even if you already have an accountant, this function can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds better. You’ll know exactly how much budget you have to cover other operating expenses.
But what’s even better is that TaxJar offers training and tutorials not only on their platform, but all things that has to do with sales tax. You can check out their webinars, guides and blog for more info. In addition, their sales tax calculator is helpful if you’re planning on complete everything yourself.
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How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing structures and what each of those options can offer you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan starts at $19. The company claims that it’s the most effective plan to help you with filing requirements or reporting. It also includes the tax on sales, four free yearly AutoFiles, and an CSV import. Even with the basic plan, you have access to their AI tax recommendations.
If you’re a smaller business manager, the plan could be perfect for you. It may not offer all the features offered by TaxJar but it comes with the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also be able to use their integration capabilities.
Professional
If you’re looking to get a bit more than just the basics, then the Professional plan could be the one for you. It’s priced at $99 but you can increase it when you add additional features.
What is the difference from the basic plan?
In addition to having access to each of Starter plan’s features, you also get access to their phone customer support, API access, and advanced CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you have a massive business, you might need to choose an upgrade instead. It comes with all the features needed to make your tax filing easier. Additionally, they permit unlimited data import integrations API integrationsfor team members as well as AutoFiles.
There is also a team dedicated to managing your account. They don’t reveal the price of the Premium plan. costs you. How To File Pennsylvania TaxJar
But they did state that the plan is custom-made to each user. Therefore, the cost will differ in line with what you require to run your business.
Free Trial
Fortunately, you don’t need to gamble your money just to find out if the platform is right for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to determine whether the service is an excellent fit for you.
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Pros and Pros and
After we’ve gone over everything you must be aware of TaxJar let’s take a breather. In order to sum up the whole thing, here are the advantages and disadvantages of making use of TaxJar for your business.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- 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
- Some countries won’t be able to access the API feature.
- Only applicable for USA customers.
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out TaxJar can be a great platform companies with many sales channels and utilizes numerous platforms. If that’s what you’re doing, then you ought to try this.
Not only can it assist you in keeping track of the sales and profits of your business It can also help you meet your deadlines. It’s also an excellent platform for an accountant since they have tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
The use of TaxJar can help you save more time while keeping track of every deadline or requirement you need to meet. If you live in a place with complicated tax laws, this will surely help you wrap your head around it. How To File Pennsylvania TaxJar
But if handling your taxes is straightforward, then TaxJar could be a waste of investment. If you have only one or two channels for sales, TaxJar won’t be needed to track everything. If you find the entire procedure easy to complete and you’re comfortable with it, you may be better in doing it all by yourself.
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FAQ How To File Pennsylvania TaxJar
What areas does TaxJar offer API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transaction amounts are n US$. If you’re using another currency, you’ll have to convert it into USdollars before TaxJar determines your tax.
