Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running an enterprise or not. More so if you don’t have any experience in accounting or finance. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have enough money to hire an accountant, doing it on yourself can be dangerous. If you overlook one thing and you don’t know it, you may have to do it all over again!
Most people want to skip this step. But , as it’s a requirement and mandatory, there’s no other choice.
So what can we do ?
We can make life easier by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving device and how it can help you. Even though this is an extensive read but you’ll be able to assess whether TaxJar is exactly what you need today.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, let’s get right into it.
What is TaxJar Sales Tax TaxJar Amazon California
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It is a solution for the entire life cycle. Additionally, you can use it across all of your sales channels to ensure that you are in compliance with sales tax requirements. It streamlines processes that take days to complete and finish within only a few minutes.
TaxJar has been 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 used extensively by online business owners to keep everything neat and simple. Let’s explore the features and services offered by TaxJar.
Services and features
One of the most important things you’ll want to check you have a tax accounting software seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to keep everything in place. The last thing you want is to be penalized for overlooking just one minor detail.
TaxJar allows you to display your most important data in one location. So, there’s no requirement to collect data in multiple channels and then organize it on a single platform. All you have to do is integrate TaxJar, it will do the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of the platforms they are able to integrate with:
TaxJar lets customers file their sales taxes by hand or using the AutoFile feature. In our review we’ll dig at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing income tax returns, the team will instruct you on managing these. But, it is up to you and your team members to complete everything on time. TaxJar is only there to help you understand what you have to accomplish, but not manage 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 the forms in a manual manner. Through this feature, everything is automated, from calculating taxes on sales to recording and processing them. But, it is possible to incur additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there you and your team can access everything you require, including a list of your transactions, reports and the data.
The greatest benefit of the feature you’ve chosen is it allows you to automatically update every day. Not only will they let you keep track of how much you’ve earned, but they also help you keep track of when the next payments are due.
Their dashboard also allows you to fully view the total sales tax within your company. Additionally, you can export the information in CSV format. CSV file if you need it for your accounting and financial planning processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep the track of all your sales channels. This means that you don’t have to scramble for your documents when you’re when you’re in a pinch. Even when you already have your accounting firm, the feature will help them be more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will help you plan your money more efficiently. You’ll know better how much budget you have available for other operational expenses.
What’s more is that TaxJar provides training and tutorials not only for their platform , but also for anything that has to do with sales tax. You can look through their webinars, guides, as well as their blog to find more details. Apart from that, their sales tax calculator can be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms provide amazing features, but they can be too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing structures and the features that each of these options can offer you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan starts at $19. The company claims that it’s the most effective plan if you need help with filing requirements and reporting. It also includes sales tax reporting, 4 free yearly AutoFiles, and an CSV import. With the starter plan, you will be able to access their AI tax advice.
If you’re a smaller business proprietor, then this program could be ideal for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.
In addition, you can reach their support team with their email support chart. You’ll also have access to their integration features.
If you’re looking for something different from the basic features, then the Professional plan could be the one for you. It’s priced at $99 however, it could go up by adding custom features.
How different is it from the original plan?
Apart from having access to all of the Starter plan’s features, you also have their phone customer support access to APIs, as well as advanced CSV import. You can also have 12 free AutoFiles each year.
If you have a massive company, you may need to choose the Premium plan instead. It comes with all the features that you require to help with your taxes. In addition, they offer unlimited integrations with data imports, API integrationsfor team members and AutoFiles.
They also have a staff dedicated to managing your account. However, they don’t disclose how much the Premium plan is going to cost. Sales Tax TaxJar Amazon California
However, they did say that this plan is customized for every user. So the costs will vary according to what you require to run your business.
It’s a good thing that you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still considering various options, they provide 30 days of free trial. This should be enough time to see if the platform is the right choice for you.
Pros and Cons
Now that we’ve covered all you should be aware of TaxJar let’s take a break. In order to sum up the whole thing we’ll go over the pros and cons of using TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can 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
- Certain countries will not have access to the API feature.
- Only applicable for USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out TaxJar can be a great platform companies that have many sales channels and utilizes many platforms. If that sounds like what you’re doing, then you must try TaxJar.
It’s not just a way to assist you in keeping track of the sales and profits of your business It can help you meet your deadlines. It’s also an excellent opportunity for accountants since they have the Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar will help you get more done while keeping the track of each deadline and obligation you have to fulfill. If you live in a place with complicated tax laws, this can definitely help you get your head around it. Sales Tax TaxJar Amazon California
However, if managing your taxes is simple and straightforward, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you find the whole procedure easy to complete and you’re comfortable with it, you may be better to do it by yourself.
FAQ Sales Tax TaxJar Amazon California
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it to USUSD before TaxJar can calculate your tax.