Taxes have always been one of the most difficult tasks to complete, whether you’re running a business or not. More so if you don’t have a degree in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is filled with tasks to complete. If you don’t have enough money to hire an accountant, making it yourself can be dangerous. If you make a mistake and you don’t know it, you may need to repeat the process!
Most people want to skip this step. But since it’s required to be done, we can’t choose not to.
So , what is the best way to deal with it?
We can simplify our lives by using tools like TaxJar.
This article will take a look at this well-known life-saving device and how it can help you. While this is an extensive read, you should be able to gauge whether TaxJar is exactly what you need right now.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
For those who like to read, then let’s dive right in.
What is TaxJar? Sales Tax Exemption Form TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it across all your sales channels to make sure you’re in compliance with sales taxes. It simplifies the processes that can take days to complete, and finish within minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to keep everything neat and simple. Let’s take a look at the features and services offered by TaxJar.
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Services and features
Integration
One of the first things you’ll need to make sure is that your accounting tax software is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to maintain everything in line. The most important thing is not to be penalized for missing a single minor point.
TaxJar allows you to display your critical metrics in one place. So, there’s no need to gather data from different channels and organize it into one platform. All you need to do is connect TaxJar then the system will do the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar allows clients to submit their sales tax by hand or using their 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 those sales tools. Once the time comes for filing tax returns for income TaxJar will train you on how to handle them. It is up for you and your team members to complete everything on time. TaxJar is only there to provide guidance on what you should do , but not to 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 is automated, from calculating taxes on sales through recording, and then processing them. However, there might be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting problems. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. Once you’re on the platform, you and your team will have access to everything you need, like a list of your transactions, reports and the data.
The most appealing aspect of the feature you’ve chosen is it allows you to update your account automatically each day. They not only let you know how much you’ve earned, but they also help you track when your following payment is due.
Their dashboard can also allow users to view in detail the overall sales taxes within your company. It is also possible to export your data to CSV format. CSV file if you need it for your process of financial planning and accounting or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all your sales channels. This means that you don’t have to search for your documents when you’re when you’re in a pinch. Even if you already have your accounting firm, the feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have for other operational expenses.
But what’s even better is that TaxJar offers training and tutorials not only for their platform but all things related to sales tax. Check out their webinars, guides, or blog posts for additional information. In addition, their sales tax calculator should be useful if you’re planning to complete everything yourself.
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How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms provide amazing features, but they can be too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of these choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan starts at $19. They say it’s the most effective plan to help you in filing and reporting. It includes the tax on sales, four autofiles for free each year, and a CSV import. Even with the basic plan, you can access their AI tax advice.
If you’re a small business manager, the plan should be ideal for you. It may not offer all the features of TaxJar however, it does include the essentials that you need.
In addition, you can reach their customer support via their email support chart. Additionally, you’ll have access to their integration tools.
Professional
If you’re looking for different from the basics and options, then the Professional plan could be the one for you. It’s priced at $99 but you can increase it if you add custom features.
What is the difference from the basic plan?
In addition to accessing all of the Starter plan’s features, you also have the support of their customer service via phone access to APIs, as well as sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you run a large enterprise, you may want to choose premium plans instead. It includes all of the features needed to make your tax filing easier. Additionally, they permit unlimited import integrations of data API integrations, team members as well as AutoFiles.
They also have a staff that is devoted for managing the account. However, they don’t disclose the amount that the Premium plan is going to cost. Sales Tax Exemption Form TaxJar
However, they did mention that this plan is tailor-fit to 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 see if this platform is the right one for you. If you’re still looking into various options, they provide 30 days of free trial. It should give you enough time to see whether the software is an excellent fit for you.
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Pros and Pros and
We’ve covered everything you need to be aware of TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of the use of TaxJar to run your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers 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 possible to integrate it 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 have access to the API feature
- Only valid for USA customers
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have many sales channels and utilizes plenty of platforms. If that’s what you’re doing, then you ought to try this.
Not only will it aid in tracking the sales and profits of your business It can also help you meet your deadlines. It’s also an excellent platform for an accountant since they offer tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
The use of TaxJar can allow you to save more time while keeping the track of each deadline and obligation you have to meet. If you’re in an area with complex tax regulations, this will surely help you wrap your mind around it. Sales Tax Exemption Form TaxJar
If handling your taxes is simple and straightforward, then TaxJar could be a waste of expense. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you find the whole process easy to do and you’re comfortable with it, you may be better off doing it by yourself.
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FAQ Sales Tax Exemption Form TaxJar
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transactions are in USdollars. If you’re using a different currency, you will need to convert it to USdollars prior to when TaxJar can calculate your tax.
