Taxes are always one of the most difficult things to handle regardless of whether you’re running your own business or not. More so if you don’t have a degree in finance or accounting. Tax-related tasks can be overwhelming, particularly when you’re filled with tasks to complete. If you don’t have enough money to hire an accountant, doing it on yourself can be risky. If you overlook one thing it could mean you need to repeat the process!
Most people want to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.
So , what can we do ?
We can always make our lives easier with tools such as TaxJar.
We’ll look at this life-saving device and how it can assist you. While this is an extensive read, you should be able to gauge whether TaxJar is exactly what you need today.
Prefer to watch videos 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? New Hampshire Sales Tax TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It’s a solution for your entire sales tax life cycle. In addition, you can apply it across all of the sales channels you use to make sure you’re in compliance with sales taxes. It streamlines processes that require days to complete and finish within minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by online business owners to ensure that everything is organized and straightforward. Let’s look into the features and services offered by TaxJar.
Services and features
One of the most important things you’ll want to check you have a tax accounting software perfectly integrates along with sales funnels. If you’re using multiple sales channels, you need to keep everything in place. The most important thing is not to face a penalty due to missing a single minor point.
TaxJar allows you to display your critical metrics in one spot. This means that there is no need to collect information from multiple sources and sort it into one platform. All you have to do is integrate TaxJar, then the system will handle the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar lets customers file their sales taxes either manually or via their AutoFile feature. For the purpose of this article, we’ll look into both.
If you decide to go it alone, 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. It is up for you and your staff to complete the process on time. TaxJar is only there to guide you on what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. With this feature, everything is automated, from calculating sales taxes in order to record and process it. There could be additional charges if they are not included in the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting woes. The orders you place through your online channels can be put together into one dashboard using this platform. From there you and your staff can access everything you require, including a list of your transactions, reports, as well as the data.
The greatest benefit of this feature is that it allows you to automatically update every day. They not only let you keep track of how much you’ve earned however, they can also help you track when your following payment is due.
Their dashboard can also allow you to see the sales tax totals for your business. It is also possible to export your data in a CSV file, if you want to use it in your financial planning and accounting processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the channels you sell through. This means that you don’t have to hunt for your paperwork when you’re when you’re in a pinch. Even even if you already have an accountant, this function will help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your funds better. You’ll be aware of the budget you have for other operational costs.
What’s more is that TaxJar offers training and tutorials, not just for their platform , but also for anything that has to do with sales tax. You can check out their webinars, guides as well as their blog to find more information. Additionally the sales tax calculator is beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms provide amazing features, but they can be too costly for the business you run. That’s why for this section we’ll take a look at TaxJar’s pricing structures and what each of these options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. The company claims that it’s the best plan if you need help in filing and reporting. It comes with sales tax reporting, 4 free yearly AutoFiles, and a CSV import. Even with the basic plan, you will be able to access their AI tax recommendations.
If you’re a smaller business manager, the plan will be ideal for you. It may not offer all the features offered by TaxJar, but it has all the basics you require.
You can also contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for something that is more than the standard features and options, then the Professional plan may be the best option for you. It’s priced at $99 but it can go higher by adding custom features.
So how different is it from the basic plan?
Apart from having access to all of the Starter plan’s features, you also have their support via phone Access to APIs, phone support, and sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you own a huge enterprise, you may want to opt for an upgrade instead. It includes all of the features you need to help with your taxes. In addition, they offer unlimited integrations with data imports as well as Integrations with APIs, teams of members as well as AutoFiles.
There is also a team that is devoted for managing the account. However, they don’t disclose how much the Premium plan is going to cost. New Hampshire Sales Tax TaxJar
However, they did say that this plan is customized to each user. So the costs will vary depending on what you need for your company.
Fortunately, you don’t need to risk your money to see if this platform is right for you. If you’re still considering other options, they have 30 days of free trial. This should give you enough time to gauge whether the service is an excellent fit for you.
Pros and Pros and
We’ve covered everything you need to be aware of TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of the use of TaxJar for your company.
- Has 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
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out TaxJar can be a great platform companies with multiple sales channels and uses plenty of platforms. If this sounds like the way you’re doing, then you ought to try this.
Not only will it aid in tracking your revenue and products, but it can help you meet your deadlines. This is also an excellent opportunity for accountants since they offer a Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Using TaxJar will help you save more time while keeping on top of each deadline and requirement you have to fulfill. If you’re living in a region with a lot of tax laws, this will definitely help you get your head around it. New Hampshire Sales Tax TaxJar
However, if managing taxes is easy, 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’re finding the entire process easy to do, you might be better off doing it by yourself.
FAQ New Hampshire Sales Tax TaxJar
Which areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it to USdollars before TaxJar will calculate the tax.