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Taxes have always been one of the hardest things to do, whether you’re running an enterprise or not. Even more so if you do not have a degree in accounting or finance. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. If you don’t have the funds to employ an accountant, doing it on your own could be dangerous. If you make a mistake it could mean you need to repeat the process!

Most people want to skipping this step. But , as it’s a requirement, we have no choice.

So , what can we do about it?

We can make our lives easier by using tools like TaxJar.

This article will take a look at this popular life-saving device and how it can assist you. Although this is quite an extensive read it is possible to assess whether TaxJar is the tool you require right now.

Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.

But for those who prefer to read, let’s get right into it.

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What exactly is TaxJar? Printful And TaxJar

In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It’s a solution for your entire sales tax life cycle. In addition, you can apply it across all the sales channels you use to make sure you’re in compliance with sales taxes. It makes the process simpler that could require days to complete and finish within just a few minutes.

TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.

How can it help you?

TaxJar is used extensively by online business owners to keep everything neat and simple. Let’s explore their features and services.

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Features and services

Integration

One of the first things you’ll need to ensure you have a tax accounting platform seamlessly works well along with sales funnels. If you’re selling through multiple channels, you must keep everything in place. The final thing you would like is to face a penalty due to not paying attention to a minor thing.

TaxJar allows you to display your key data in one location. This means that there is no need to collect data from different channels and sort it into one platform. All you have to do is integrate TaxJar then the system will take care of the rest.

Other than that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of platforms they can integrate with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows customers to file their sales taxes by hand or using TaxJar’s AutoFile feature. In this review, we’ll dig at both.

If you choose to manually file your tax returns, TaxJar will allow you to connect your sales platforms. Once the time comes for filing tax returns for income The team will guide you on how to manage them. It is up for you and your team to finish the tax returns in time. TaxJar will only guide you on what you should do , but not to handle it.

If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. With this feature, everything is automated, from calculating sales tax in order to record and process them. But, it is possible to incur additional charges if they are not part of the plan you chose.

Sales Tax Reports

As we mentioned, you can use TaxJar to assist you with your accounting issues. The orders you place through your online channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your staff will have access to everything you need, like the list of transactions, reports, as well as data.

The best part about this option is the fact that they allow you to update your account automatically each day. Not only will they let you keep track of how much you’ve earned and how much you’ve earned, but they also let you track when your following payment is due.

The dashboard allows you to see the total sales tax in your business. You can also export your data in a CSV file, if you want to use it to aid in process of financial planning and accounting or if your team requires it to run centralized reports.

Streamlining and Training

TaxJar helps organize and keep track of all of the channels you sell through. It means you don’t need to search for your documents whenever you’re in the event of a need. Even even if you already have an accounting firm, the feature can make them more efficient.

Additionally, knowing the figures for your sales tax in advance will allow you to allocate your funds better. You’ll know better how much budget you have for other operational costs.

What’s more is that TaxJar offers tutorials and training and tutorials, not just for their platform but everything connected to sales tax. Check out their guides, webinars, as well as their blog to find more info. Apart from that their sales tax calculator can be helpful if you’re planning on take on the entire task yourself.

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How much does TaxJar cost?

We are aware of how important it is to determine your budget. Some platforms offer superb features, but they’re sometimes too expensive for businesses. For this reason we’ll take a look at TaxJar’s pricing levels and what each of those choices can provide you. Currently, TaxJar offers three plans including Professional, Starter and Premium.

Starter

The Starter plan is priced at $19. They claim that it’s the most effective plan for those who need assistance in filing and reporting. It also includes sales tax reporting, 4 autofiles for free each year, and the option of a CSV import. With the starter plan, you can access their AI tax tips.

If you’re a smaller business manager, the plan should be ideal for you. It might not include all of TaxJar’s features but it comes with the basic features you require.

Additionally, you can contact their customer support via their support chart for email. You’ll also have access to their integration features.

Professional

If you’re looking to get different from the standard features Professional might be the right one for you. It’s priced at $99 but it can go higher if you add custom features.

What is the difference from the original plan?

In addition to accessing all of the Starter plan’s features, you also have the support of their customer service via phone, API access, and sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.

Premium

If you own a huge business, you might need to choose an upgrade instead. It includes all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited integrations with data imports, API integrations, team members, and AutoFiles.

There is also a team that is devoted in managing your accounts. They don’t reveal how much the Premium plan costs you. Printful And TaxJar

However, they did mention that the plan is custom-made for each user. So the costs will vary in line with what you require to run your business.

Free Trial

Fortunately, you don’t need to risk your money to determine if this service is right for you. If you’re still looking into different options, they offer a 30-day free trial. It should give you enough time to see whether the software is the right choice for you.

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Pros and Cons

Now that we’ve covered all you should know about TaxJar let’s take a breather. To summarize we’ll go over the pros and cons of using TaxJar to run your business.

Pros

  • Does the plan include the Tax Advisor option for some plans
  • AutoFile features can help you save 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 able to be integrated with other platforms.
  • You can track several sales channels

Cons

  • AutoFile limit is based on the plan
  • AutoFile has extra fees
  • Certain countries will not have access to the API feature
  • Only applicable to USA customers.
  • Needs accountants and owners to recheck local legislations

The Final Verdict

With everything laid out TaxJar is an excellent platform for companies that have many sales channels and utilizes numerous platforms. If this sounds like the way you’re doing, then should try this.

Not only will it assist you in keeping track of your products and revenue, but it can assist you in meeting your deadlines. This is also an excellent opportunity for accountants since they have a Tax Advisor program. You can get tips and get knowledge from their seminars regarding taxes via it.

Using TaxJar will help you save more time while keeping on top of each deadline and obligation you have to fulfill. If you’re living in a region with a lot of tax laws, this can certainly help you to get your mind around it. Printful And TaxJar

If handling taxes is easy and straightforward, then TaxJar may be an unnecessary expense. If you only have one or two sales channels, TaxJar won’t be needed to keep track of all of it. In addition, if you’re finding the entire process easy to do, you might be better to do it on your own.

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FAQ Printful And TaxJar

What areas does TaxJar provide API support?

TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.

Do I have the ability to incorporate Shopify into TaxJar?

Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.

Can I convert any kind of currency using TaxJar?

Unfortunately, no. TaxJar does not convert currency values. The transaction amounts are n US$. If you’re using another currency, you will need to convert it into USUSD prior to when TaxJar determines your tax.

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