Taxes are always one of the most difficult things to handle regardless of whether you’re running your own business or not. Particularly if you don’t have a degree in finance or accounting. Tax-related work aren’t easy, particularly when you’re packed with things to do. If you don’t have enough money to hire an accountant, performing the task on your own could be risky. If you overlook one thing and you don’t know it, you may have to do it all over again!
Nearly everyone would prefer to skipping this step. However, since it’s mandatory to be done, we can’t choose not to.
So , what is the best way to deal with it?
It is always possible to make life easier by using tools like TaxJar.
This article will take a look at this well-known life-saving device and how it can help you. While this is an extensive read it is possible to gauge whether TaxJar is what you need in the present.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, we’ll dive right into.
What is TaxJar Linking TaxJar To Quickbooks
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. It’s a solution for the entire life cycle. Furthermore, you can utilize it across all the sales channels you use to make sure you’re in compliance with your sales taxes. It simplifies the processes that require days to complete and can be completed in a matter of minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by business owners who run online businesses to make their business more organized and straightforward. Let’s take a look at their features and services.
Features and services
One of the first things you’ll need to make sure is your tax-reporting platform seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you must maintain everything in line. The last thing you want is to be penalized for missing a single minor point.
TaxJar allows you to display your critical metrics in one place. So, there’s no need to gather data from different channels and organize it into one platform. All you need to do is to integrate TaxJar, then the system will take care of all the rest.
In addition, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows customers to submit their sales tax either manually or via the AutoFile feature. In our review we’ll take a look into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. When it comes time to the filing of income tax returns The team will guide you on how to handle the tax returns. But, it is up for you and your team to complete everything in time. TaxJar is there to help you understand what you have to accomplish, but not manage it.
If you 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 is automated, from calculating taxes on sales in order to record and process them. However, there might be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be compiled into a single dashboard through this platform. From there you and your staff can access everything you require, including the list of transactions, reports, and data.
The best part about this feature is that it lets you to automatically update every day. They not only let 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 also allows you to see the sales tax totals within your company. You can also export your data as the form of a CSV file if you need it for your accounting and financial planning processes or if your team needs it for central reporting.
Streamlining and Training
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 when you’re when you’re in a pinch. Even even if you already have an accountant, this feature can aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your funds better. You’ll know exactly how much budget you have to cover other operating costs.
But what’s even better is that TaxJar provides training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. You can check out their webinars, guides, or blog posts for additional information. Additionally the sales tax calculator should be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms offer superb features, but they can be too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing structures and the features that each of these options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan is priced at $19. The company claims that it’s the most suitable plan for you if you need help with filing requirements or reporting. It also includes the tax on sales, 4 free yearly AutoFiles, and the option of a CSV import. With the starter plan, you will be able to access their AI tax recommendations.
If you’re a smaller company manager, the plan should be perfect for you. It might not include all the features offered by TaxJar but it comes with the basic features you require.
In addition, you can reach their customer support via their support chart for email. Additionally, you’ll have access to their integration features.
If you’re looking for something a bit more than just the basics and options, then the Professional plan may be the best option for you. It starts at $99, however, it could go up when you add additional features.
How different is it from the original plan?
Apart from having access to each of Starter plan’s features, you also have their phone customer support access to APIs, as well as advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
If you have a massive business, you might need to go for premium plans instead. It comes with all the features needed to help with your taxes. Additionally, they permit unlimited import integrations of data, API integrationsfor team users as well as AutoFiles.
They also have a staff dedicated for managing the account. They don’t reveal the amount that the Premium plan costs you. Linking TaxJar To Quickbooks
However, they did mention that this plan is customized to each user. The cost of the plan will be different depending on what you need for your company.
It’s a good thing that you don’t have to gamble your money just to find out if the platform is for you. If you’re still considering other options, they have 30 days of free trial. This should give you enough time to see whether the service is an excellent fit for you.
Pros and Cons
Now that we’ve covered all you should know about TaxJar Let’s relax. In order to sum up the whole thing Here are the advantages and disadvantages of the use of TaxJar to run your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms
- Allows you to track multiple sales channels
- 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.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid out TaxJar can be a great platform companies with many sales channels and utilizes many platforms. If this sounds like the way you do, then you must try TaxJar.
Not only will it assist you in keeping track of the sales and profits of your business however, it will also help you meet the deadlines you set. It is also a great option for accountants as they have tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
Using TaxJar can allow you to get more done while keeping on top of each deadline or requirement you need to meet. If you’re in an area with complex tax laws, this can definitely help you get your mind around it. Linking TaxJar To Quickbooks
If handling your taxes is straightforward 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 keep track of everything. If you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better in doing it all by yourself.
FAQ Linking TaxJar To Quickbooks
What are the areas in which TaxJar provide API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to US$ before TaxJar determines the tax.