Taxes are always one of the hardest things to do regardless of whether you run an enterprise or not. More so if you don’t have any experience in accounting or finance. Tax-related work can be overwhelming, especially when you’re packed with things to do. When you’re not able to afford the funds to hire an accountant, making it your own could be dangerous. If you overlook one thing, you might need to repeat the process!
Almost everyone wants to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.
What can we do about it?
We can make life easier by using tools like TaxJar.
We’ll look at this life-saving tool and explain how it can help you. Although this is quite an extensive read, you should be able to determine if TaxJar is the tool you require in the present.
Do you prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar Question Email To TaxJar
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculations. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it in all of the sales channels you use to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could require days to complete and finish within minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by owners of online businesses to keep everything neat and simple. Let’s take a look at the benefits and features of TaxJar.
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Services and features
Integration
One of the most important things you’ll need to make sure is that your accounting tax software perfectly integrates along with sales funnels. If you’re selling through multiple channels, it is essential to ensure that everything is in order. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your critical metrics in one place. So, there’s no need to gather information from multiple sources and organize it into one platform. All you have to do is connect TaxJar, then the system will take care of all the rest.
Other than that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar lets customers submit their sales tax manually or through their AutoFile feature. In our review we’ll take a look at both.
If you opt to go it alone, TaxJar will allow you to connect those sales tools. Once the time comes for filing tax returns for income TaxJar will train you on how to handle the tax returns. It is up for you and your team to finish the tax returns in time. TaxJar is there to help you understand what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating sales tax in order to record and process it. But, it is possible to incur extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting issues. The orders you place through your online channels can be compiled into a single dashboard via this platform. Once you’re on the platform, you and your team will have access to everything you need, such as an inventory of your transactions, reports and data.
The best part about this option is the fact that it lets you to automatically update every day. Not only can they help to know the amount you’ve accumulated and how much you’ve earned, but they also let you track when your following payments are due.
The dashboard allows users to view in detail the total sales tax within your company. You can also export the information as a CSV file, if you want to use it to aid in accounting and financial planning processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. It means you don’t need to hunt for your paperwork whenever you’re when you’re in a pinch. Even even if you already have an accountant, this function can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your money more efficiently. You’ll know better how much budget you have available for other operational costs.
The best part is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also for anything related to sales tax. Check out their webinars, guides and blog for more details. Apart from that the sales tax calculator should be helpful if you’re planning on complete everything yourself.
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How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of these options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan starts at $19. They say it’s the most suitable plan for you if you need help with filing requirements or reporting. It also includes the tax on sales, 4 annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller company owner, this plan should be perfect for you. It may not offer all of TaxJar’s features however, it does include the essentials that you need.
In addition, you can reach their support team with their email support chart. You’ll also be able to use their integration capabilities.
Professional
If you’re looking for something different from the standard features Professional may be the best option for you. It’s priced at $99 but you can increase it when you add additional features.
How different is it from the original plan?
In addition to having access to all of the Starter plan’s features, you also have their phone customer support access to APIs, as well as advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you run a large business, you might need to choose the Premium plan instead. It has all of the features that you require to make your tax filing easier. Moreover, they allow unlimited integrations with data imports API integrationsfor team users as well as AutoFiles.
There is also a team dedicated in managing your accounts. However, they don’t disclose the amount that the Premium plan costs you. Question Email To TaxJar
But they did state that this plan is tailor-fit for each user. Therefore, the cost will differ in line with what you require for your business.
Free Trial
Fortunately, you don’t need to bet your life on it to determine if this service is the right one for you. If you’re still considering other options, they have 30 days of free trial. This should give you enough time to see 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 take a break. In order to sum up the whole thing we’ll go over the advantages and disadvantages of making use of TaxJar for your company.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only valid for USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out TaxJar provides a fantastic platform to businesses with multiple sales channels and uses plenty of platforms. If this sounds like the way you do, then you ought to try this.
Not only will it aid in tracking your products and revenue, but it can also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they have tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
Using TaxJar can help you save more time while keeping the track of each deadline or requirement you need to fulfill. If you’re in a place with complicated tax laws, this can definitely help you get your mind around it. Question Email To TaxJar
But if handling your taxes is straightforward and straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you find the whole process easy to do then you’re better in doing it all on your own.
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FAQ Question Email To TaxJar
Which areas does TaxJar offer API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions’ amounts are in USdollars. If you’re using a different currency, you will need to convert it into USdollars before TaxJar can calculate your tax.
