Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running a business or not. More so if you don’t have a background in finance or accounting. Tax-related issues can be overwhelming, particularly when you’re filled with tasks to complete. When you’re not able to afford enough money to engage an accountant performing the task on yourself can be risky. If you miss one detail, you might have to redo things again!
Almost everyone wants to skipping this step. But since it’s required and mandatory, there’s no other choice.
What is the best way to deal with it?
It is always possible to make life easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. While this is an extensive read, you should be able to assess whether TaxJar is the tool you require in the present.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
For those who like to read, then we’ll dive right into.
What is TaxJar? Opencart TaxJar Extension
The company was founded in 2013 TaxJar is an application that automatizes 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 of the sales channels you use to ensure compliance with sales tax requirements. It streamlines processes that can take days to complete, and is completed in just a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is extensively used by owners of online businesses to make their business more neat and simple. Let’s look into the benefits and features of TaxJar.
> > Click Here to Start TaxJar for Free < <
Features and services
Integration
One of the most important things you’ll want to check is your tax-reporting software perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must keep everything in place. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to display your critical metrics in one spot. So, there’s no requirement to collect data in multiple channels and then organize it on a single platform. All you need to do is to integrate TaxJar, and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they are able to integrate with:
Filing
TaxJar lets customers submit their sales tax manually or through their AutoFile feature. For the purpose of this article, we’ll dig into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of your sales platforms. When it comes time to filing tax returns for income The team will guide you on how to manage these. But, it is up for you and your staff to complete the process in time. TaxJar is only there to provide guidance on what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. This feature will ensure that everything will be automated from calculating taxes on sales through recording, and then processing them. There could be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to help you with your accounting problems. The orders you place through your online channels can be combined into a single dashboard via this platform. From there, you and your team will have access to all the information you need, such as the list of transactions, reports, and information.
The best part about this option is the fact that it lets you to update automatically every day. Not only will they let you keep track of how much you’ve earned, but they also help you track when your following payments are due.
Their dashboard can also allow you to fully view the sales tax totals in your business. It is also possible to export the information as CSV format. CSV file if you need it in your financial planning and accounting processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all your sales channels. This means that you don’t have to scramble for your documents when you need them in the event of a need. Even when you already have your accountant, this function can make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds better. You’ll know better how much budget you have to cover other operational costs.
The best part is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also all things related to sales tax. Check out their webinars, guides or blog posts for additional details. Apart from that, their sales tax calculator is useful if you’re planning to complete everything yourself.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing tiers and the features that each of these choices can provide you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan starts at $19. They claim that it’s the most effective plan for those who need assistance with filing requirements and reporting. It also includes taxes on sales and sales as well as four autofiles for free each year, and an CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a small company proprietor, then this program will be ideal for you. It may not offer all of TaxJar’s features however, it does include the basic features you require.
In addition, you can reach their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking to get a bit more than just the basic features Professional may be the best option for you. It starts at $99, however, it could go up when you add additional features.
What is the difference from the basic plan?
In addition to having access to all of the Starter plan’s features, you also get access to their support via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you have a massive company, you may need to go for an upgrade instead. It includes all of the features you need to aid in your tax preparation. Additionally, they permit unlimited import integrations of data Integrations with APIs, teams of members as well as AutoFiles.
There is also a team dedicated in managing your accounts. They don’t reveal the price of the Premium plan. is going to cost. Opencart TaxJar Extension
But they did state that this plan is customized for each user. So the costs will vary according to what you require for your business.
Free Trial
Luckily, you don’t have to risk your money to find out if the platform is right for you. If you’re still looking into various options, they provide 30 days of free trial. This should be enough time to see whether the software is an excellent fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Cons
After we’ve gone over everything you should know about TaxJar Let’s relax. To summarize Here are the advantages and disadvantages of using TaxJar for your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Has support service team
- The dashboard is easy 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 have access to the API feature.
- Only applicable for USA customers.
- Needs accountants and owners to check local legislation
The Final Verdict
With everything clearly laid out TaxJar can be a great platform companies that have multiple sales channels and uses many platforms. If that sounds like what you’re doing, then you should try this.
Not only can it help you track the sales and profits of your business It can also help you meet your deadlines. This is also an excellent platform for an accountant since they offer tax Advisor program. There are tips to follow and gain knowledge from their workshops on taxes by using it.
Using TaxJar can allow you to save more time while keeping track of every deadline or requirement you need to meet. If you’re in a region with a lot of tax regulations, this will definitely help you get your head around the subject. Opencart TaxJar Extension
But if handling taxes is easy and straightforward, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track all of it. If you find the whole process easy to do, you might be better off doing it by yourself.
> > Click Here to Start TaxJar for Free < <
FAQ Opencart TaxJar Extension
What areas does TaxJar provide API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions are in USdollars. If you’re using a different currency, you’ll need to convert it to USdollars before TaxJar determines the tax.
