Taxes have always been one of the most difficult things to handle, whether you’re running your own business or not. Even more so if you do not have a background in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is packed with things to do. When you’re not able to afford the budget to employ an accountant, doing it on your own could be dangerous. If you miss one detail, you might have to redo things again!
Almost everyone wants to skip this step. But , as it’s a requirement, we have no choice.
So , what can we do about it?
It is always possible to simplify our lives by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can help you. Even though this is a long read, you should be able to assess whether TaxJar is what you need today.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar? South Carolina Sales Tax TaxJar
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is organized and straightforward. Let’s explore the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check is that your accounting tax system seamlessly works well along with sales funnels. If you’re selling through multiple channels, you need to maintain everything in line. The last thing you want is to get a penalty for missing a single minor point.
TaxJar allows you to display your most important metrics in one spot. This means that there is no requirement to collect information from multiple sources and then organize it on one platform. All you have to do is integrate TaxJar and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows clients to submit their sales tax either manually or via the 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 those sales tools. When the time is right for filing tax returns for income The team will guide you on managing them. However, it will be up for you and your team to complete everything within the timeframe. TaxJar will only help you understand what you have to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out any forms manually. This feature will ensure that everything will be automated, from calculating taxes on sales to recording and processing them. There could be additional costs if the feature is you do not include this feature in the plan you select.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be combined into one dashboard using this platform. From there you and your staff will have access to everything you need, like an inventory of your transactions, reports, as well as data.
The most appealing aspect of this option is the fact that they allow you to update automatically every day. Not only will they let you keep track of how much you’ve collected however, they can also help you determine when your next payment is due.
Their dashboard can also allow users to view in detail the sales tax totals in your business. Additionally, you can export your data as CSV format. CSV file in case you require it for your financial planning and accounting processes or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep on top of all your sales channels. It means you don’t need to scramble for your documents when you need them in a pinch. Even if you already have your accountant, this function will 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 better how much budget you have available for other operational costs.
The best part is that TaxJar provides training and tutorials not only for their platform , but also all things connected to sales tax. You can look through their webinars, guides, and blog for more details. Apart from that, their sales tax calculator should be helpful if you’re planning on do everything on your own.
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 expensive for businesses. For this reason we’ll examine TaxJar’s pricing tiers and the features that each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan starts at $19. They say it’s the most effective plan for those who need assistance with filing requirements and reporting. It also includes the tax on sales, 4 autofiles for free each year, and the option of a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a smaller business proprietor, then this program could be perfect for you. It might not include all the features of TaxJar, but it has all the basics you require.
Additionally, you can contact their support team with their email support chart. Additionally, you’ll have access to their integration features.
If you’re looking for 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 you can increase it when you add additional features.
How different is it from the basic plan?
In addition to accessing every one of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you run a large business, you might need to opt for an upgrade instead. It comes with all the features you need to help with your taxes. Additionally, they permit unlimited data import integrations API integrations, team users, and AutoFiles.
They also have a staff who are devoted in managing your accounts. But, they don’t divulge the price of the Premium plan. is going to cost. South Carolina Sales Tax TaxJar
However, they did mention that this plan is tailor-fit to each user. The cost of the plan will be different in line with what you require for your company.
Luckily, 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 looking into other options, they have a 30-day free trial. It should give you enough time to gauge if the platform is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a break. To summarize, here are the pros and cons of using TaxJar to run your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers Taxes on sales online 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
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to businesses with multiple sales channels and uses plenty of platforms. If that sounds like what you do, then you should try this.
It’s not just a way to 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 provide tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
The use of TaxJar will help you save more time while keeping on top of each deadline and obligation you have to meet. If you live in a place with complicated tax laws, this will surely help you wrap your head around it. South Carolina Sales Tax TaxJar
However, if managing taxes is easy and straightforward, then TaxJar may be an unnecessary investment. If you have only one or two channels for sales, TaxJar won’t be needed to track all of it. In addition, if you find the entire process easy to do then you’re better to do it by yourself.
FAQ South Carolina Sales Tax TaxJar
Which areas does TaxJar offer API support?
TaxJar currently supports countries like Australia, 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 for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to USdollars prior to when TaxJar will calculate your tax.