Taxes have always been among the hardest things to do, whether you’re running a business or not. More so if you don’t have any experience in accounting or finance. Tax-related work aren’t easy, particularly when you’re full of things to be done. If you don’t have the funds to hire an accountant, performing the task on your own could be dangerous. If you make a mistake, you might need to repeat the process!
Almost everyone wants to skipping this step. However, since it’s mandatory, we have no choice.
So what can we do ?
We can simplify our lives by using tools like TaxJar.
We’ll look at this life-saving device and how it can help you. Although this is quite lengthy, you should be able to gauge whether TaxJar is the tool you require right now.
Prefer watching videos rather than watch them? Take a look at 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, we’ll dive right into.
What is TaxJar? Phoenix City Tax On TaxJar
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it across all the sales channels you use to ensure that you are in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by online business owners to ensure that everything is simple and organized. Let’s look into their features and services.
Services and features
One of the first things you’ll need to ensure is your tax-reporting platform perfectly integrates along with sales funnels. If you’re using multiple sales channels, you must keep everything in place. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your most important metrics in one spot. This means that there is no need to gather information from multiple sources and organize it into one platform. All you need to do is integrate TaxJar it will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms that they can connect with:
TaxJar allows customers to submit their sales tax by hand or using TaxJar’s AutoFile feature. In our review we’ll look at both.
If you decide to do it manually, TaxJar will allow you to connect all of the sales channels you use. When it comes time to filing income tax returns The team will guide you on how to handle these. However, it will be up to you and your team members to complete everything 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 – that means you won’t need to fill out 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. However, there might be extra fees if not included in the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard through this platform. From there you and your team will have access to everything you need, like the list of transactions, reports, and information.
The best part about the feature you’ve chosen is it lets you to update your account automatically each day. Not only can they help you keep track of how much you’ve collected and how much you’ve earned, but they also let you keep track of when the next payment is due.
The dashboard allows users to view in detail the overall sales taxes for your business. Additionally, you can export the information as a CSV file if you need it in your financial planning and accounting processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all the sales avenues you use. This means that you don’t have to hunt for your paperwork whenever you’re when you’re in a pinch. Even if you already have your accountant, this feature can make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your funds more effectively. You’ll know exactly how much budget you have for other operating expenses.
What’s more is that TaxJar provides training and tutorials not only on their platform, but for anything connected to sales tax. Check out their guides, webinars, and blog for more information. In addition their sales tax calculator should be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing features, but they can be too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing levels and what each of these plans can offer. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. The company claims that it’s the most suitable plan for you for those who need assistance with filing requirements and reporting. It includes sales tax reporting, four autofiles for free each year, and the option of a CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a small-scale business proprietor, then this program will be ideal for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.
Additionally, you can contact their customer support via their email support chart. You’ll also be able to use their integration features.
If you’re looking for that is more than the standard features, then the Professional plan may be the best option for you. The price starts at $99 but it can go higher if you add custom features.
What is the difference from the basic plan?
In addition to accessing all of the Starter plan’s features, you also have their support via phone access to APIs, as well as sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive company, you may need to choose premium plans instead. It has all of the features needed to make your tax filing easier. In addition, they offer unlimited data import integrations, Integrations with APIs, teams of members as well as AutoFiles.
There is also a team that is devoted for managing the account. But, they don’t divulge the amount that the Premium plan will cost you. Phoenix City Tax On TaxJar
However, they did mention that this plan is tailor-fit for each user. So the costs will vary in line with what you require for your business.
Fortunately, you don’t need to risk your money to find out if the platform is the right one for you. If you’re still considering different options, they offer 30 days of free trial. It should give you enough time to gauge whether the software is the right choice for you.
Pros and Cons
We’ve covered everything you should know about TaxJar Let’s relax. To summarize, here are the pros and cons of the use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features can help you 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.
- Allows you to track multiple 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 recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies with many sales channels and utilizes plenty of platforms. If that sounds like what you do, then you ought to try this.
Not only can it assist you in keeping track of the sales and profits of your business It can help you meet the deadlines you set. It is also a great platform for an accountant since they have a Tax Advisor program. You can get tips and learn from their sessions about taxes through it.
Utilizing TaxJar can help you get more done while keeping track of every deadline and requirement you have to meet. If you live in a place with complicated tax regulations, this will definitely help you get your mind around it. Phoenix City Tax On TaxJar
If handling your taxes is straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the whole procedure simple to follow then you’re better off doing it on your own.
FAQ Phoenix City Tax On TaxJar
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions are in US$. If you’re using a different currency, you will need to convert it to US$ prior to when TaxJar determines the tax.