Taxes are always one of the most difficult tasks to complete, whether you’re running a business or not. Even more so if you do not have any experience in accounting or finance. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford enough money to hire an accountant, performing the task on yourself can be dangerous. If you miss one detail it could mean you have to redo things again!
Nearly everyone would prefer to skip this step. But since it’s required, we have no choice.
So what can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
This article will take a look at this well-known life-saving tool and how it can assist you. While this is a long read but you’ll be able to assess whether TaxJar is exactly what you need today.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, let’s get right into it.
What exactly is TaxJar? Register Sales Tax Florida TaxJar
Founded in 2013, TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it in all of your channels of sales to ensure compliance with your sales taxes. It simplifies the processes that take days to complete and finish within only a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is simple and organized. Let’s explore the features and services offered by TaxJar.
Services and features
One of the first things you’ll need to make sure is that your accounting tax platform is compatible in conjunction with the sales channels you use. If you have multiple sales channels, you need to maintain everything in line. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to show your key data in one location. That way, there’s no requirement to collect data in multiple channels and organize it into one platform. All you need to do is integrate TaxJar and the platform will take care of all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar lets customers file their sales taxes either manually or via TaxJar’s AutoFile feature. In our review we’ll dig into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all the sales channels you use. When the time is right for the filing of income tax returns, the team will instruct you on how to manage these. It is up to you and your staff to complete the process within the timeframe. TaxJar is only there to provide guidance on 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 don’t have to fill out any forms manually. Through this feature, everything will be automated, from calculating sales tax to recording and processing them. There could be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform, you and your team can access everything you need, such as the list of transactions, reports, and data.
The greatest benefit of this option is the fact that it lets you to update automatically every day. They not only let you know how much you’ve earned, but they also help you determine when your next payment is due.
Their dashboard can also allow you to fully view the total sales tax in your business. You can also 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 central reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all your sales channels. It means you don’t need to hunt for your paperwork whenever you’re in a pinch. Even when you already have your accountant, this feature can make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your funds better. You’ll be aware of the budget you have for other operational expenses.
The best part is that TaxJar offers training and tutorials, not just for their platform but all things connected to sales tax. You can look through their guides, webinars, and blog for more details. Additionally the 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’re sometimes too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing levels and what each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan starts at $19. They claim that it’s the best plan for those who need assistance with filing requirements or reporting. It also includes taxes on sales and sales as well as four free yearly AutoFiles, and an CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a small business manager, the plan will be ideal for you. It may not offer all of TaxJar’s features, but it has the essentials that you need.
Additionally, you can contact the support team via their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking to get a bit more than just the basics and options, then the Professional plan may be the best option for you. It starts at $99, but it can go higher when you add additional features.
What is the difference from the starter plan?
Apart from having access to each of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also have 12 free AutoFiles each year.
If you run a large business, you might need to go for an upgrade instead. It includes all of the features you need to help with your taxes. Additionally, they permit unlimited data import integrations as well as API integrationsfor team members, and AutoFiles.
They also have a staff dedicated to managing your account. However, they don’t disclose the amount that the Premium plan is going to cost. Register Sales Tax Florida TaxJar
However, they did mention that this plan is customized for every user. The cost of the plan will be different depending on what you need for your company.
Fortunately, you don’t need to gamble your money just to find out if the platform is the right one for you. If you’re still looking into different options, they offer 30 days of free trial. This should give you enough time to gauge whether the software is a good fit for you.
Pros and Pros and
We’ve covered everything you must know about TaxJar let’s take a break. To summarize, here are the pros and cons of the use of TaxJar to run your business.
- Has a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- It allows you to monitor multiple sales channels
- 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 recheck local legislations
The Final Verdict
With everything laid down, TaxJar can be a great platform companies with many sales channels and utilizes plenty of platforms. If this sounds like the way you do, 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 also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
Using TaxJar can allow you to save more time while keeping on top of each deadline and obligation you have to meet. If you’re in a place with complicated tax laws, this will definitely help you get your mind around it. Register Sales Tax Florida TaxJar
However, if managing taxes is easy, then TaxJar might not be a good expense. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you find the entire procedure simple to follow, you might be better off doing it on your own.
FAQ Register Sales Tax Florida TaxJar
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions’ amounts are in US$. If you’re using another currency, you will need to convert it into USdollars prior to when TaxJar will calculate the tax.