Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running your own business or not. Particularly if you don’t have any experience in finance or accounting. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have the funds to engage an accountant making it your own could be risky. If you miss one detail and you don’t know it, you may have to redo things again!
Most people want to skipping this step. But , as it’s a requirement and mandatory, there’s no other choice.
What can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
This article will take a look at this well-known life-saving device and how it can benefit you. Although this is quite lengthy, you should be able to determine if TaxJar is the tool you require today.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
For those who like to read, then let’s dive right in.
What is TaxJar Ma Sales Tax TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all your sales channels to make sure you’re in compliance with your sales taxes. It makes the process simpler that could take days to complete and can be completed in a matter of only a few minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by business owners who run online businesses to keep everything simple and organized. Let’s take a look at their features and services.
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Features and services
Integration
One of the most important things you’ll want to check is that your accounting tax software is compatible with your sales channel. If you’re using multiple sales channels, it is essential to ensure that everything is in order. The last thing you want is to get a penalty for missing a single minor point.
TaxJar allows you to show your critical metrics in one spot. 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 and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar lets customers file their sales taxes by hand or using their AutoFile feature. In this review, we’ll take a look at both.
If you choose to go it alone, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for the filing of income tax returns, the team will instruct you on managing the tax returns. However, it will be up to you and your staff to complete the process in time. TaxJar is only there to provide guidance on what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit the forms in a manual manner. This feature will ensure that everything is automated, from calculating sales taxes to recording and processing it. There could be extra fees if not part of the plan you chose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to ease 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 team will have access to everything you need, like the list of transactions, reports and data.
The greatest benefit of this option is the fact that they allow you to automatically update every day. Not only will they let you know how much you’ve accumulated, but they also help you determine when your next payments are due.
Their dashboard also allows you to fully view the sales tax totals in your business. You can also export the information in CSV format. CSV file, if you want to use it for your process of financial planning and accounting or if your team requires it for central reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the channels you sell through. This means that you don’t have to search for your documents when you need them when you’re in a pinch. Even when you already have your accounting firm, the feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have for other operational costs.
What’s more is that TaxJar provides training and tutorials, not just on their platform, but for anything related to sales tax. You can check out their guides, webinars, as well as their blog to find more info. Additionally, their sales tax calculator is useful if you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan costs $19. They say it’s the most effective plan to help you in filing and reporting. It includes taxes on sales and sales as well as four annual AutoFiles for free, as well as a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small company owner, this plan could be ideal for you. It may not have all of TaxJar’s features, but it has all the basics you require.
In addition, you can reach their support team with their support chart for email. You’ll also have access to their integration capabilities.
Professional
If you’re looking for that is more than the standard features Professional may be the best option for you. It’s priced at $99 but it can go higher if you add custom features.
So how different is it from the original plan?
Apart from having access to each of Starter plan’s features, you also have their support via phone access to APIs, as well as advanced CSV import. They also allow you to have 12 free AutoFiles each year.
Premium
If you have a massive company, you may need to go for the Premium plan instead. It has all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited data import integrations Integrations with APIs, teams of users and AutoFiles.
They also have a team who are devoted in managing your accounts. But, they don’t divulge how much the Premium plan costs you. Ma Sales Tax TaxJar
However, they did mention that this plan is customized for every user. The cost of the plan will be different according to what you require for your company.
Free Trial
Fortunately, you don’t need to risk your money to find out if the platform is for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is an excellent fit for you.
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Pros and Cons
We’ve covered everything you need to know about TaxJar let’s take a breather. To sum it all up we’ll go over the pros and cons of the use of TaxJar to run your business.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers 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.
- You can track several sales channels
Cons
- Limits for AutoFile are 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 check local legislation
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to businesses with many sales channels and utilizes plenty of platforms. If that sounds like what you’re doing, then you must try TaxJar.
It’s not just a way to help you track your revenue and products, but it can help you meet the deadlines you set. This is also an excellent platform for an accountant since they offer the Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can help you save more time while keeping track of every deadline and obligation you have to fulfill. If you’re in an area with complex tax laws, this can surely help you wrap your head around it. Ma Sales Tax TaxJar
But if handling your taxes is simple If it isn’t, then TaxJar might not be a good expense. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of everything. If you find the entire process easy to do, you might be better off doing it on your own.
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FAQ Ma Sales Tax TaxJar
Which areas does TaxJar offer API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions are in US$. If you’re using a different currency, you’ll have to convert it into USdollars before TaxJar determines your tax.
