Taxes are always one of the most difficult tasks to complete 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 tasks can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford the budget to engage an accountant making it your own could be risky. If you make a mistake, you might have to redo things again!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement, we have no choice.
So what can we do about it?
We can simplify our lives by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and explain how it can assist you. While this is lengthy it is possible to determine if 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 analysis of TaxJar’s features.
If you prefer to read, then let’s get right into it.
What is TaxJar? Louisiana Parish Sales Tax TaxJar
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. It is a solution for your entire sales tax life cycle. In addition, you can apply it in all of the sales channels you use to ensure compliance with sales taxes. It makes the process simpler that could take days to complete and is completed in just a few minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is used extensively by owners of online businesses to keep everything neat and simple. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to make sure is that your accounting tax software is compatible with your sales channel. If you have multiple sales channels, you need to ensure that everything is in order. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to display your most important metrics in one place. This means that there is no need to collect data from different channels and organize it into a single platform. All you need to do is to integrate TaxJar it will take care of all the rest.
In addition, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they are able to integrate with:
TaxJar lets customers file their sales taxes manually or through their AutoFile feature. For our review we’ll look into both.
If you opt to go it alone, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing tax returns for income, the team will instruct you on how to manage these. However, it will be up to you and your team members to complete everything in time. TaxJar will only guide you on what you should do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. Through this feature, everything will be automated from calculating sales taxes through recording, and then processing them. But, it is possible to incur additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. The orders you place through your online channels can be compiled into one dashboard using this platform. Once you’re on the platform, you and your team will have access to everything you need, like the list of transactions, reports, and the data.
The most appealing aspect of the feature you’ve chosen is it lets you to update automatically every day. Not only will they let you keep track of how much you’ve accumulated however, they can also help you determine when your next payment is due.
The dashboard allows users to view in detail the total sales tax in your business. It is also possible to export the information to the form of a CSV file, if you want to use it for your accounting and financial planning processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. This means that you don’t have to search for your documents when you’re when you’re in a pinch. Even if you already have your accountant, this feature can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll be aware of the budget you have available for other operational costs.
But what’s even better is that TaxJar offers training and tutorials not only on their platform, but for anything related to sales tax. You can check out their guides, webinars, or blog posts for additional information. In addition the sales tax calculator can be beneficial when 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 can be too expensive for businesses. For this reason, we’ll look into TaxJar’s pricing tiers and what each of those options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. They say it’s the most effective plan for those who need assistance in filing and reporting. It comes with the tax on sales, four annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small company owner, this plan could be ideal for you. It may not have all the features of TaxJar but it comes with all the basics you require.
In addition, you can reach their customer support via their email support chart. You’ll also have access to their integration tools.
If you’re looking to get a bit more than just the basics and options, then the Professional plan might be the right one for you. It’s priced at $99 however, it could go up if you add custom features.
What is the difference from the basic plan?
In addition to having access to each of Starter plan’s features, you also have the support of their customer service via phone access to APIs, as well as sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you run a large enterprise, you may want to opt for premium plans instead. It comes with all the features you need to help with your taxes. Additionally, they permit unlimited integrations with data imports as well as Integrations with APIs, teams of members and AutoFiles.
There is also a team who are devoted to managing your account. They don’t reveal the price of the Premium plan. is going to cost. Louisiana Parish Sales Tax TaxJar
But they did state that this plan is tailor-fit to each user. So the costs will vary according to what you require to run your business.
Luckily, you don’t have to risk your money to determine if this service is right for you. If you’re still looking into different options, they offer a 30-day free trial. This should give you enough time to determine whether the software is a good fit for you.
Pros and Cons
We’ve covered everything you must be aware of TaxJar Let’s relax. To summarize we’ll go over the pros and cons of making use of TaxJar for your company.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers.
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you do, then you ought to try this.
Not only can it aid in tracking your products and revenue however, it will assist you in meeting the deadlines you set. This is also an excellent opportunity for accountants since they have the 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 reduce time and keep track of every deadline and obligation you have to meet. If you’re living in an area with complex tax laws, this can certainly help you to get your head around the subject. Louisiana Parish Sales Tax TaxJar
However, if managing taxes is easy and straightforward, then TaxJar might not be a good investment. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you find the entire procedure simple to follow and you’re comfortable with it, you may be better off doing it on your own.
FAQ Louisiana Parish Sales Tax TaxJar
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it to USUSD prior to when TaxJar will calculate your tax.