Taxes have always been among the most difficult things to handle regardless of whether you run your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is filled with tasks to complete. If you don’t have the funds to hire an accountant, making it yourself can be dangerous. If you overlook one thing it could mean you need to repeat the process!
Almost everyone wants to skipping this step. But since it’s required, we have no choice.
So , what can we do about it?
We can make our lives easier by using tools like TaxJar.
We’ll look at this life-saving device and how it can benefit you. Although this is quite a long read, you should be able to determine if TaxJar is the tool you require in the present.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar Shipping & Handling Taxable Illinois TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it across all of the sales channels you use to ensure that you are in compliance with your sales taxes. It simplifies the processes that take days to complete and can be completed in a matter of just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by business owners who run online businesses to keep everything organized and straightforward. Let’s take a look at the benefits and features of TaxJar.
Services and features
One of the most important things you’ll need to ensure is that your accounting tax software is compatible in conjunction with the sales channels you use. If you’re using multiple sales channels, you must ensure that everything is in order. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one spot. So, there’s no requirement to collect data from different channels and organize it into a single platform. All you need to do is integrate TaxJar and the platform will do the rest.
In addition, TaxJar also integrates with other platforms that can help with payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows clients to submit their sales tax either manually or via TaxJar’s AutoFile feature. In our review we’ll dig at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. Once the time comes for the filing of income tax returns The team will guide you on managing these. But, it is up to you and your team to finish the tax returns on time. TaxJar is only there to guide you on what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating sales taxes to recording and processing it. However, there might be extra fees if not included in the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting woes. Your orders from your e-commerce channels can be compiled into one dashboard using this platform. From there you and your staff will have access to all the information you require, including an inventory of your transactions, reports, as well as data.
The best part about the feature you’ve chosen is they allow you to automatically update every day. Not only can they help you know how much you’ve collected and how much you’ve earned, but they also let you keep track of when the next payment is due.
The dashboard allows users to view in detail the overall sales taxes for your business. You can also export the information as CSV format. CSV file, if you want to use it for your financial planning and accounting processes or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all the sales avenues you use. This means that you don’t have to scramble for your documents when you need them when you’re in a pinch. Even if you already have your accounting firm, the feature can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll know better how much budget you have available for other operating expenses.
The best part is that TaxJar offers training and tutorials not only on their platform, but for anything related to sales tax. You can look through their webinars, guides, or blog posts for additional details. Apart from that, their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing features, but they’re sometimes too costly for your business. That’s why for this section we’ll take a look at TaxJar’s pricing levels and what each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. They say it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It includes the tax on sales, four free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a small-scale company manager, the plan should be perfect for you. It may not have all of TaxJar’s features, but it has all the basics you require.
You can also contact their support team with their support chart for email. You’ll also have access to their integration tools.
If you’re looking for a bit more than just the basics and options, then the Professional plan could be the one for you. The price starts at $99 but you can increase it by adding custom features.
How different is it from the starter plan?
In addition to having access to all of the Starter plan’s features, you also get access to their phone customer support Access to APIs, phone support, and advanced CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge company, you may need to choose an upgrade instead. It comes with all the features you need to make your tax filing easier. In addition, they offer unlimited integrations with data imports as well as Integrations with APIs, teams of users as well as AutoFiles.
They also have a team who are devoted in managing your accounts. However, they don’t disclose the amount that the Premium plan is going to cost. Shipping & Handling Taxable Illinois TaxJar
However, they did say that this plan is tailor-fit for every user. Therefore, the cost will differ depending on what you need for your business.
It’s a good thing that you don’t have 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 the opportunity to try a free trial for 30 days. It should give you enough time to gauge whether the software is a good fit for you.
Pros and Pros and
After we’ve gone over everything you should know about TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the pros and cons of the use of TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable to USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes many platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only will it help you track the sales and profits of your business however, it will also help you meet your deadlines. It is also a great option for accountants as they offer the Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
Utilizing TaxJar will help you get more done while keeping track of every deadline and obligation you have to fulfill. If you’re living in an area with complex tax laws, this can certainly help you to get your head around it. Shipping & Handling Taxable Illinois TaxJar
But if handling taxes is easy and straightforward, then TaxJar may be an unnecessary expense. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. In addition, if you find the whole process easy to do, you might be better to do it by yourself.
FAQ Shipping & Handling Taxable Illinois TaxJar
What areas does TaxJar offer API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it into US$ prior to when TaxJar will calculate the tax.