Taxes have always been one of the most difficult things to handle regardless of whether you’re running a business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re full of things to be done. In the event that you do not have enough money to hire an accountant, making it yourself can be dangerous. If you overlook one thing, you might have to redo things again!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement 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 our lives easier with tools such as TaxJar.
Here we’ll take a look at this popular life-saving device and how it can assist you. Although this is quite a long read, you should be able to determine if TaxJar is what you need today.
Do you prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
If you prefer to read, we’ll dive right into.
What is TaxJar Ohio TaxJar
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all of your sales channels to make sure you’re in compliance with sales taxes. It simplifies the processes that require days to complete and is completed in just a few only a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by online business owners to make their business more organized and straightforward. Let’s look into the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to ensure is that your accounting tax platform perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, you need to ensure that everything is in order. 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 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, it will do the rest.
In addition, TaxJar also integrates with other platforms that can help with payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows customers to file their sales taxes either manually or via their AutoFile feature. For this review, we’ll take a look at both.
If you choose to do it manually, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing income tax returns, the team will instruct you on how to manage them. However, it will be up for you and your team members to complete everything within the timeframe. TaxJar is only there to guide you on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. This feature will ensure that everything will be automated from calculating sales tax to recording and processing them. There could be additional costs if the feature is not part of the plan you select.
Sales Tax Reports
As mentioned earlier, you can 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. Once you’re on the platform, you and your team will have access to everything you need, such as the list of transactions, reports, and information.
The greatest benefit of this option is the fact that it allows you to update your account automatically each day. Not only will they let you keep track of how much you’ve earned however, they can also help you track when your following payment is due.
The dashboard allows you to fully view the sales tax totals within your company. It is also possible to export your data as a CSV file in case you require it in your process of financial planning and accounting or if you require it for central reporting.
Streamlining and Training
TaxJar helps organize and keep track of all of your sales channels. This means that you don’t have to search for your documents when you need them when you’re in a pinch. Even if you already have your accounting firm, the feature can make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your money more efficiently. You’ll know exactly how much budget you have for other operational costs.
What’s more is that TaxJar offers training and tutorials and tutorials, not just on their platform, but everything that has to do with sales tax. Check out their webinars, guides, or blog posts for additional info. Additionally, their sales tax calculator can be 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 provide amazing features, but they’re sometimes too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing structures and what each of those plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. The company claims that it’s the best plan if you need help with filing requirements and reporting. It comes with taxes on sales and sales as well as 4 autofiles for free each year, and a CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small-scale company manager, the plan will be perfect for you. It may not have all of TaxJar’s features but it comes with all the basics you require.
You can also contact their customer support via their email support chart. You’ll also be able to use their integration features.
If you’re looking for a bit more than just the basic features, then the Professional plan could be the 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 each of Starter plan’s features, you also have the support of their customer service via phone, API access, and sophisticated CSV import. They also allow you to have 12 free AutoFiles each year.
If you run a large company, you may need to opt for premium plans instead. It includes all of the features needed to aid in your tax preparation. In addition, they offer unlimited integrations with data imports API integrations, team members as well as AutoFiles.
There is also a team that is devoted for managing the account. However, they don’t disclose the price of the Premium plan. costs you. Ohio TaxJar
But they did state that this plan is customized for every user. So the costs will vary depending on what you need for your company.
It’s a good thing that you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. This should be enough time to gauge whether the service is the right choice for you.
Pros and Cons
We’ve covered everything you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing, here are the pros and cons of making use of TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides 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
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to 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 down, TaxJar can be a great platform companies with numerous sales channels, and that utilizes numerous platforms. If that’s what you’re doing, then should try this.
It’s not just a way to aid in tracking the sales and profits of your business It can help you meet the deadlines you set. This is also an excellent platform for an accountant since they have the Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
The use of TaxJar can help you save more time while keeping track of every deadline or requirement you need to meet. If you live in an area with complex tax regulations, this will surely help you wrap your head around the subject. Ohio TaxJar
But if handling taxes is easy and straightforward, then TaxJar might not be a good investment. If you only have one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better in doing it all on your own.
FAQ Ohio TaxJar
Which areas does TaxJar provide API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can link 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. The transaction amounts are n US$. If you’re using another currency, you’ll need to convert it to USdollars prior to when TaxJar can calculate your tax.