Taxes have always been one of the most difficult things to handle regardless of whether you’re running an enterprise or not. Particularly if you don’t have a degree in finance or accounting. Tax-related tasks can be overwhelming, particularly when you’re packed with things to do. If you don’t have the budget to engage an accountant doing it on yourself can be risky. If you miss one detail, you might need to repeat the process!
Most people want to skipping this step. But since it’s required to be done, we can’t choose not to.
What is the best way to deal with it?
It is always possible to simplify our lives by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and how it can benefit you. Even though this is a long read it is possible to assess whether TaxJar is the tool you require today.
Are you looking video streaming instead? Watch 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, we’ll dive right into.
What is TaxJar? Sales Tax Arizona TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. It is a solution for your entire sales tax life cycle. Additionally, you can use it in all of your channels of sales to make sure you’re in compliance with your sales taxes. It streamlines processes that can take days to complete, and finish within minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to keep everything organized and straightforward. Let’s look into their features and services.
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Features and services
Integration
One of the most important things you’ll need to make sure is your tax-reporting platform seamlessly works well along with sales funnels. If you’re using multiple sales channels, you need to maintain everything in line. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one spot. This means that there is no requirement to collect data in multiple channels and organize it into a single platform. All you have to do is integrate TaxJar then the system will handle the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar lets customers submit their sales tax either manually or via the AutoFile feature. In our review we’ll take a look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all those sales tools. Once the time comes for the filing of income tax returns, the team will instruct you on how to manage the tax returns. But, it is up for you and your team members to finish the tax returns in time. TaxJar will only provide guidance on what you need to do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. This feature will ensure that everything will be automated from calculating taxes on sales in order to record and process them. However, there might be additional charges if they are you do not include this feature in the plan you select.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting woes. The orders you place through your online 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 require, including an inventory of your transactions, reports and information.
The greatest benefit of this option is the fact that it lets you to automatically update every day. Not only will they let you know how much you’ve collected, but they also help you keep track of when the next payments are due.
Their dashboard can also allow you to fully view the total sales tax within your company. It is also possible to export the data in a CSV file if you need it for your accounting and financial planning processes or if you require it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep on top of all the sales avenues you use. That means you won’t have to search for your documents when you need them in a pinch. Even when you already have your accounting firm, the feature will make them more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your funds better. You’ll be aware of the budget you have available for other operational costs.
But what’s even better is that TaxJar offers tutorials and training, not just on their platform, but everything related to sales tax. You can look through their webinars, guides, as well as their blog to find more info. In addition the sales tax calculator is beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing features, but they can be too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing tiers and what each of those plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan costs $19. The company claims that it’s the best plan if you need help with filing requirements or reporting. It includes sales tax reporting, four autofiles for free each year, and a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a smaller company proprietor, then this program could be ideal for you. It might not include all the features of TaxJar but it comes with the essentials that you need.
In addition, you can reach the support team via their email support chart. Additionally, you’ll have access to their integration tools.
Professional
If you’re looking for something a bit more than just the basic features, then the Professional plan could be the one for you. It’s priced at $99 but you can increase it by adding custom features.
So how different is it from the basic plan?
In addition to accessing every one of Starter plan’s features, you also get access to their phone customer support access to APIs, as well as advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you run a large company, you may need to go for an upgrade instead. It has all of the features that you require to aid in your tax preparation. Additionally, they permit unlimited data import integrations API integrationsfor team members, and AutoFiles.
There is also a team who are devoted for managing the account. But, they don’t divulge the amount that the Premium plan will cost you. Sales Tax Arizona TaxJar
However, they did mention that the plan is custom-made for each user. The cost of the plan will be different depending on what you need to run your business.
Free Trial
Fortunately, you don’t need to bet your life on it to see if this platform is for you. If you’re still looking into various options, they provide a 30-day free trial. It should give you enough time to gauge whether the service is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you should know about TaxJar Let’s relax. To sum it all up 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 help to reduce time
- Available in most USA states
- Provides on the internet for sales tax 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
- It allows you to monitor multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only valid for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid down, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes numerous platforms. If that sounds like what you’re doing, then should try this.
It’s not just a way to assist you in keeping track of the sales and profits of your business, 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 learn from their sessions regarding taxes via it.
Utilizing TaxJar can help you reduce time and keep the track of each deadline and requirement you have to meet. If you live in a place with complicated tax regulations, this will surely help you wrap your mind around it. Sales Tax Arizona TaxJar
However, if managing taxes is easy and straightforward, then TaxJar could be a waste of investment. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better to do it on your own.
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FAQ Sales Tax Arizona TaxJar
Which areas does TaxJar offer API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it to USdollars before TaxJar can calculate the tax.
