Taxes have always been one of the most difficult things to handle, whether you’re running an enterprise or not. Particularly if you don’t have a degree in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford the funds to engage an accountant making it your own could be risky. If you miss one detail it could mean you need to repeat the process!
Nearly everyone would prefer to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
What can we do about it?
We can make life easier with tools such as TaxJar.
Here we’ll take a look at this life-saving device and how it can help you. Even though this is lengthy but you’ll be able to determine if TaxJar is exactly what you need in the present.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What exactly is TaxJar? How To File Sales Tax In Ohio TaxJar
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it in all of your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that can take days to complete, and can be completed in a matter of only 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 it help you?
TaxJar is extensively used by owners of online businesses to make their business more neat and simple. Let’s explore the features and services offered by TaxJar.
Services and features
One of the most important things you’ll need to make sure you have a tax accounting software is compatible with your sales channel. If you’re using multiple sales channels, it is essential to keep everything in place. The last thing you want is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your critical data in one location. That way, there’s no need to collect data from different channels and then organize it on a single platform. All you need to do is to integrate TaxJar then the system will do all the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar allows clients to make sales tax filings manually or through TaxJar’s AutoFile feature. In our review we’ll dig at both.
If you decide to go it alone, TaxJar will allow you to connect the sales channels you use. When the time is right for filing tax returns for income The team will guide you on how to manage these. But, it is up to you and your staff to finish the tax returns in time. TaxJar is only there to provide guidance on what you need to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating taxes on sales through recording, and then processing them. There could be additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to help you with your accounting issues. The orders you place through your online channels can be combined into a single dashboard via this platform. From there you and your team will have access to everything you require, including the list of transactions, reports, as well as information.
The greatest benefit of the feature you’ve chosen is it lets you to update automatically every day. Not only will they let you know how much you’ve accumulated however, they can also help you track when your following payment is due.
Their dashboard also allows users to view in detail the total sales tax within your company. It is also possible to export the data in CSV format. CSV file in case you require it to aid in process of financial planning and accounting or if you require it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the sales avenues you use. It means you don’t need to scramble for your documents when you need them in a pinch. Even when you already have your accounting firm, the feature can help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your money more efficiently. You’ll know exactly how much budget you have available for other operating expenses.
The best part is that TaxJar offers training and tutorials and tutorials, not just on their platform, but everything that has to do with sales tax. You can look through their guides, webinars, and blog for more information. In addition, their sales tax calculator is useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms offer superb features, but they’re sometimes too expensive for businesses. That’s why for this section, we’ll look into TaxJar’s pricing tiers and what each of those plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. They say it’s the best plan if you need help with filing requirements and reporting. It comes with the tax on sales, 4 free yearly AutoFiles, and an CSV import. Even with the basic plan, you will be able to access their AI tax advice.
If you’re a small-scale business proprietor, then this program will be perfect for you. It may not have all the features offered by TaxJar however, it does include the basic features you require.
Additionally, you can contact the support team via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking for something a bit more than just the basic features and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
So how different is it from the starter plan?
In addition to having access to every one of Starter plan’s features, you also have their phone customer support access to APIs, as well as sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you run a large enterprise, you may want to choose premium plans instead. It comes with all the features needed to aid in your tax preparation. Additionally, they permit unlimited integrations with data imports, API integrations, team members and AutoFiles.
They also have a staff who are devoted for managing the account. However, they don’t disclose the price of the Premium plan. is going to cost. How To File Sales Tax In Ohio TaxJar
However, they did mention that the plan is custom-made for every user. So the costs will vary depending on what you need for your company.
Luckily, you don’t have to risk your money to find out if the platform is for you. If you’re still considering other options, they have a 30-day free trial. This should give you enough time to see if the platform is an excellent fit for you.
Pros and Cons
Now that we’ve covered all you must know about TaxJar let’s take a breather. To sum it all up we’ll go over the pros and cons of making use of TaxJar for your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid out, TaxJar can be a great platform companies with numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you’re doing, then you should try this.
Not only can it help you track the sales and profits of your business It can help you meet the deadlines you set. This is also an excellent opportunity for accountants since they have tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
Utilizing TaxJar will help you save more time while keeping on top of each deadline or requirement you need to fulfill. If you live in a region with a lot of tax regulations, this will surely help you wrap your head around the subject. How To File Sales Tax In Ohio TaxJar
However, if managing taxes is easy and straightforward, then TaxJar could be a waste of expense. If you have only one or two channels of sales, TaxJar won’t be needed to track everything. Moreover, if you find the entire procedure simple to follow and you’re comfortable with it, you may be better to do it on your own.
FAQ How To File Sales Tax In Ohio TaxJar
What are the areas in which TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transaction amounts are n US$. If you’re using another currency, you’ll need to convert it to US$ prior to when TaxJar will calculate your tax.