Taxes are always one of the most difficult things to handle regardless of whether you run a business or not. Particularly if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, especially when you’re full of things to be done. In the event that you do not have enough money to employ an accountant, performing the task on yourself can be risky. If you make a mistake, you might have to redo things again!
Almost everyone wants to avoid 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 make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving device and how it can benefit you. Although this is quite lengthy it is possible to determine if TaxJar is what you need right now.
Do you prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
For those who like to read, then let’s get right into it.
What is TaxJar? Sales Tax Pennsylvania TaxJar
The company was founded in 2013 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. Additionally, you can use it across all the sales channels you use to ensure that you are in compliance with sales tax requirements. It streamlines processes that require days to complete and can be completed in a matter of only a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by online business owners to make their business more 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 platform perfectly integrates along with sales funnels. If you have multiple sales channels, you must ensure that everything is in order. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your key metrics in one spot. That way, there’s no requirement to collect data in multiple channels and then organize it on a single platform. All you need to do is integrate TaxJar, then the system will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar allows customers to file their sales taxes by hand or using their AutoFile feature. In our review we’ll dig at both.
If you opt 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 TaxJar will train you on managing the tax returns. It is up to you and your team members to complete the process on time. TaxJar is there to guide you on what you need to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating sales tax to recording and processing it. There could be additional charges if they are not part of the plan you select.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to ease your accounting woes. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. From there you and your staff will have access to everything you need, such as a list of your transactions, reports, as well as the data.
The most appealing aspect of the feature you’ve chosen is they allow you to update automatically every day. Not only can they help to know the amount you’ve collected and how much you’ve earned, but they also let you track when your following payment is due.
Their dashboard also allows users to view in detail the sales tax totals within your company. You can also export your data to a CSV file in case you require it for your financial planning and accounting processes or if you require it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all your sales channels. That means you won’t have to search for your documents when you’re in a pinch. Even if you already have your accountant, this function will aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance will allow you to allocate your money more efficiently. You’ll be aware of the budget you have available for other operational costs.
What’s more is that TaxJar offers tutorials and training not only for their platform , but also everything connected to sales tax. You can check out their guides, webinars, or blog posts for additional info. In addition the sales tax calculator is beneficial when you’re planning to complete everything yourself.
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How much does TaxJar cost?
We understand how important it is to establish your budget. Some platforms provide amazing features, but they’re sometimes 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 choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. They claim that it’s the most suitable plan for you to help you with filing requirements and reporting. It also includes the tax on sales, 4 free yearly AutoFiles, and an CSV import. Even with the starter plan, you can access their AI tax tips.
If you’re a smaller business owner, this plan could be ideal for you. It may not offer all the features offered by TaxJar but it comes with the basic features you require.
You can also contact the support team via their support chart for email. You’ll also be able to use their integration features.
Professional
If you’re looking to get different from the basic features, then the Professional plan might be the right one for you. The price starts at $99 but you can increase it by adding custom features.
What is the difference from the original plan?
Apart from having access to each of Starter plan’s features, you also have their support via phone access to APIs, as well as sophisticated CSV import. You can also have 12 free AutoFiles each year.
Premium
If you own a huge business, you might need to choose the Premium plan instead. It comes with all the features needed to aid in your tax preparation. In addition, they offer unlimited data import integrations as well as Integrations with APIs, teams of users as well as AutoFiles.
They also have a team who are devoted to managing your account. They don’t reveal how much the Premium plan is going to cost. Sales Tax Pennsylvania TaxJar
However, they did mention that this plan is tailor-fit to each user. Therefore, the cost will differ depending on what you need for your company.
Free Trial
Fortunately, you don’t need to gamble your money just to find out if the platform is right for you. If you’re still considering other options, they have a 30-day free trial. It should give you enough time to determine whether the software is an excellent fit for you.
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Pros and Cons
After we’ve gone over everything you need to know about TaxJar Let’s relax. To summarize Here are the pros and cons of the use of TaxJar to run your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- 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 have access to the API feature
- Only applicable to USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies with multiple sales channels and uses many platforms. If this sounds like the way you’re doing, then you should try this.
Not only will it aid in tracking the sales and profits of your business, but it can help you meet the deadlines you set. It is also a great opportunity for accountants since they have tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
Using TaxJar will help you get more done while keeping on top of each deadline and obligation you have to fulfill. If you live in a place with complicated tax regulations, this will definitely help you get your mind around it. Sales Tax Pennsylvania TaxJar
However, if managing your taxes is straightforward and straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you’re finding the entire procedure simple to follow then you’re better in doing it all on your own.
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FAQ Sales Tax Pennsylvania TaxJar
What areas does TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transaction amounts are n US$. If you’re using another currency, you’ll have to convert it into US$ prior to when TaxJar will calculate the tax.
