Taxes have always been among the hardest things to do regardless of whether you’re running a business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is filled with tasks to complete. If you don’t have the budget to employ an accountant, doing it on your own could be dangerous. If you overlook one thing, you might have to do it all over again!
Nearly everyone would prefer to skipping this step. However, since it’s mandatory, we have no choice.
So what can we do about it?
We can make our lives easier by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can assist you. Although this is quite an extensive read it is possible to assess whether TaxJar is the tool you require in the present.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
If you prefer to read, then let’s get right into it.
What is TaxJar? Sales Tax In Pittsburgh TaxJar
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It’s a solution for your entire sales tax life cycle. In addition, you can apply it across all the sales channels you use to ensure that you are in compliance with sales taxes. It makes the process simpler that could can take days to complete, and is completed in just a few only a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is neat and simple. Let’s take a look at the features and services offered by TaxJar.
Services and features
One of the first things you’ll want to check is that your accounting tax software seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to be penalized for not paying attention to a minor thing.
TaxJar allows you to display your key metrics in one spot. This means that there is no requirement to collect data in multiple channels and then organize it on one platform. All you have to do is connect TaxJar, then the system will do the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to submit their sales tax by hand or using their AutoFile feature. For our review we’ll look at both.
If you choose to go it alone, TaxJar will allow you to connect all of your sales platforms. When it comes time to the filing of income tax returns, the team will instruct you on how to handle them. It is up for you and your team to complete everything in time. TaxJar is there to provide guidance on what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. With this feature, everything is automated, from calculating taxes on sales through recording, and then processing it. But, it is possible to incur additional costs if the feature is not part of the plan you select.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting problems. The orders you place through your online channels can be put together into a single dashboard via 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 feature is that it lets you to update automatically every day. Not only will they let you keep track of how much you’ve collected, but they also help you track when your following payment is due.
The dashboard allows you to fully view the overall sales taxes for your business. It is also possible to export the data as the form of a CSV file, if you want to use it for your financial planning and accounting processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of the sales avenues you use. That means you won’t have to hunt for your paperwork when you’re in the event of a need. Even even if you already have an accountant, this feature can help them be more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll be aware of the budget you have for other operational costs.
What’s more is that TaxJar offers training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. You can look through their webinars, guides and blog for more info. In addition the sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing capabilities, but they’re often too costly for your business. For this reason we’ll take a look at TaxJar’s pricing structures and the features that each of these options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. They say it’s the best plan to help you with filing requirements or reporting. It includes sales tax reporting, four autofiles for free each year, and an CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a small company proprietor, then this program should be ideal for you. It may not offer all the features offered by TaxJar, but it has the basic features you require.
Additionally, you can contact the support team via their email support chart. You’ll also be able to use their integration features.
If you’re looking to get that is more than the standard features and options, then the Professional plan could be the one for you. It’s priced at $99 but it can go higher by adding custom features.
So how different is it from the original 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, phone support, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you run a large business, you might need to choose premium plans instead. It comes with all the features you need to help with your taxes. Moreover, they allow unlimited data import integrations API integrationsfor team users and AutoFiles.
There is also a team that is devoted for managing the account. But, they don’t divulge the price of the Premium plan. will cost you. Sales Tax In Pittsburgh TaxJar
But they did state that the plan is custom-made for each user. The cost of the plan will be different in line with what you require to run your business.
It’s a good thing that you don’t have to risk your money to see if this platform is for you. If you’re still looking into various options, they provide a 30-day free trial. This should be enough time to determine if the platform is a good fit for you.
Pros and Cons
Now that we’ve covered all you should know about TaxJar let’s take a break. To sum it all up we’ll go over the pros and cons of making use of TaxJar for your company.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online 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
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then you should try this.
It’s not just a way to assist you in keeping track of your revenue and products, but it can assist you in meeting the deadlines you set. This is also an excellent platform for an accountant since they have the Tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
Using TaxJar can allow you to save more time while keeping track of every deadline or requirement you need to meet. If you’re living in an area with complex tax laws, this will certainly help you to get your head around the subject. Sales Tax In Pittsburgh TaxJar
But if handling your taxes is straightforward, then TaxJar could be a waste of expense. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole process easy to do and you’re comfortable with it, you may be better off doing it by yourself.
FAQ Sales Tax In Pittsburgh TaxJar
What areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it into USdollars before TaxJar determines the tax.