Taxes have always been one of the most difficult things to handle regardless of whether you run an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. In the event that you do not have enough money to engage an accountant performing the task on your own could be dangerous. If you make a mistake it could mean you have to do it all over again!
Nearly everyone would prefer to skip this step. However, since it’s mandatory, we have no choice.
What is the best way to deal with it?
We can simplify our lives with tools such as TaxJar.
This article will take a look at this life-saving device and how it can assist you. Although this is quite lengthy but you’ll be able to determine if TaxJar is the tool you require today.
Are you looking to watch videos 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? Registered To Pay Sales Tax In Florida TaxJar
The company was founded in 2013 TaxJar is an application that automatizes 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 of your channels of sales to ensure that you are in compliance with your sales taxes. It streamlines processes that require days to complete and finish within minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by business owners who run online businesses to make their business more neat and simple. Let’s take a look at their features and services.
Services and features
One of the most important things you’ll need to ensure is your tax-reporting software seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you must maintain everything in line. The last thing you want is to be penalized for missing a single minor point.
TaxJar allows you to show your critical data in one location. So, there’s no need to collect information from multiple sources and organize it into one platform. All you need to do is connect TaxJar it will handle all the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows clients to submit their sales tax manually or through TaxJar’s AutoFile feature. In this review, we’ll dig at both.
If you choose to go it alone, TaxJar will allow you to connect all of those sales tools. When it comes time to filing tax returns for income The team will guide you on how to manage these. However, it will be up to you and your team members to complete everything in time. TaxJar is there to help you understand what you should do but not handle 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 any forms manually. This feature will ensure that everything will be automated from calculating sales taxes through recording, and then processing them. However, there might be additional charges if they are not part of the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to help you with your accounting woes. Your orders from your e-commerce 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, such as a list of your transactions, reports and data.
The best part about this feature is that they allow you to update automatically every day. Not only will they let to know the amount you’ve earned however, they can also help you track when your following payments are due.
The dashboard allows you to see the overall sales taxes for your business. It is also possible to export the information to a CSV file if you need it for your accounting and financial planning processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all your sales channels. It means you don’t need to hunt for your paperwork when you’re when you’re in a pinch. Even if you already have your accountant, this feature will make them more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have for other operational expenses.
But what’s even better is that TaxJar provides training and tutorials not only for their platform , but also all things 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 is useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing structures and what each of those plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan is priced at $19. They say it’s the best plan if you need help with filing requirements or reporting. It also includes sales tax reporting, four free yearly AutoFiles, and a CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a small company manager, the plan should be ideal for you. It may not offer all of TaxJar’s features but it comes with all the basics you require.
Additionally, you can contact their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking to get different from the basics Professional might be the right one for you. It starts at $99, but you can increase it by adding custom features.
So how different is it from the starter plan?
In addition to 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, as well as the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you run a large company, you may need to choose premium plans instead. It comes with all the features you need to make your tax filing easier. Additionally, they permit unlimited integrations with data imports as well as API integrationsfor team users, and AutoFiles.
They also have a staff dedicated in managing your accounts. However, they don’t disclose the amount that the Premium plan costs you. Registered To Pay Sales Tax In Florida TaxJar
But they did state that the plan is custom-made to each user. So the costs will vary in line with what you require for your business.
Fortunately, you don’t need to bet your life on it to find out if the platform is the right one for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. This should give you enough time to see whether the software is a good fit for you.
Pros and Pros and
Now that we’ve covered all you should be aware of TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of the use of TaxJar to run your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online 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
- 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 applicable to USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid down, TaxJar can be a great platform businesses with numerous sales channels, and that utilizes plenty of platforms. If that sounds like what you’re doing, then should try this.
Not only can it assist you in keeping track of the sales and profits of your business It can help you meet your deadlines. This is also an excellent option for accountants as they provide a Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
The use of TaxJar will help you get more done while keeping track of every deadline and requirement you have to fulfill. If you live in a place with complicated tax regulations, this will surely help you wrap your mind around it. Registered To Pay Sales Tax In Florida TaxJar
But if handling taxes is easy and straightforward, then TaxJar might not be a good expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track all of it. In addition, if you find the entire procedure easy to complete, you might be better in doing it all on your own.
FAQ Registered To Pay Sales Tax In Florida TaxJar
What areas does TaxJar offer API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions are in US$. If you’re using a different currency, you’ll have to convert it into USdollars before TaxJar can calculate your tax.