Taxes are always one of the most difficult tasks to complete regardless of whether you’re running your own business or not. More so if you don’t have a degree in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is full of things to be done. If you don’t have the budget to employ an accountant, doing it on your own could be dangerous. If you overlook one thing and you don’t know it, you may have to redo things again!
Nearly everyone would prefer to avoid this step. But since it’s required and mandatory, there’s no other choice.
So what can we do ?
We can always simplify our lives by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can assist you. Even though this is an extensive read it is possible to gauge whether TaxJar is what you need in the present.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, let’s dive right in.
What is TaxJar? Oregon Sales Tax TaxJar
Founded in 2013, TaxJar is an application that automatizes your reports, filings, and sales tax calculations. It is a solution for the entire life cycle. Furthermore, you can utilize it across all of your channels of sales to make sure you’re in compliance with your sales taxes. It streamlines processes that take days to complete and can be completed in a matter of just a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is used extensively by online business owners to keep everything simple and organized. Let’s look into the benefits and features of TaxJar.
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Services and features
Integration
One of the first things you’ll need to ensure you have a tax accounting system perfectly integrates with your sales channel. If you’re selling through multiple channels, it is essential to keep everything in place. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your critical metrics in one place. This means that there is no need to gather information from multiple sources and sort it into one platform. All you have to do is connect TaxJar, then the system will do the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar allows clients to submit their sales tax manually or through TaxJar’s AutoFile feature. In this review, we’ll look into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. When it comes time to the filing of income tax returns The team will guide you on managing them. But, it is up for you and your team members to finish the tax returns on time. TaxJar is only there to guide you on what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating sales tax through recording, and then processing them. But, it is possible to incur additional charges if they are not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting problems. The orders you place through your online channels can be combined into a single dashboard through this platform. From there you and your team will have access to all the information you need, like an inventory of your transactions, reports and data.
The most appealing aspect of the feature you’ve chosen is it lets you to update automatically every day. They not only let to know the amount you’ve earned, but they also help you keep track of when the next payments are due.
Their dashboard can also allow you to see the total sales tax for your business. It is also possible to export the information as CSV format. CSV file in case you require it for your process of financial planning and accounting or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep the track of all your sales channels. This means that you don’t have to search for your documents whenever you’re in a pinch. Even if you already have your accounting firm, the feature can aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll be aware of the budget you have to cover other operational costs.
The best part is that TaxJar offers tutorials and training not only on their platform, but for anything related to sales tax. You can look through their webinars, guides or blog posts for additional information. Apart from that, their sales tax calculator can be helpful if you’re planning on do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to set your budget. Certain platforms have amazing capabilities, but they’re often too expensive for businesses. For this reason, we’ll look into TaxJar’s pricing tiers and the features that each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They say it’s the most suitable plan for you for those who need assistance with filing requirements and reporting. It also includes sales tax reporting, four annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a smaller business owner, this plan could be ideal for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.
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 to get a bit more than just the basic features Professional might be the right one for you. The price starts at $99 however, it could go up when you add additional features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s options, you also have access to the support of their customer service via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you run a large business, you might need to go for an upgrade instead. It has all of the features that you require to help with your taxes. Additionally, they permit unlimited integrations with data imports API integrationsfor team members, and AutoFiles.
They also have a staff who are devoted for managing the account. But, they don’t divulge the price of the Premium plan. costs you. Oregon Sales Tax TaxJar
However, they did say that this plan is customized for each user. The cost of the plan will be different in line with what you require for your business.
Free Trial
It’s a good thing that you don’t have to risk your money to see if this platform is right for you. If you’re still looking into various options, they provide a 30-day free trial. It should give you enough time to determine if the platform is a good fit for you.
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Pros and Cons
We’ve covered everything you need to know about TaxJar Let’s relax. In order to sum up the whole thing, here are the advantages and disadvantages of the use of TaxJar for your company.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
Cons
- 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 recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for businesses with many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then you ought to try this.
It’s not just a way to assist you in keeping track of your products and revenue It can help you meet your deadlines. It is also a great option for accountants as they provide a Tax Advisor program. There are tips to follow and gain knowledge from their workshops on taxes by using it.
The use of TaxJar will help you get more done while keeping the track of each deadline and requirement you have to meet. If you’re in an area with complex tax regulations, this will definitely help you get your mind around it. Oregon Sales Tax TaxJar
But if handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure simple to follow then you’re better in doing it all by yourself.
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FAQ Oregon Sales Tax TaxJar
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to USUSD prior to when TaxJar can calculate the tax.
