Taxes are always one of the hardest things to do regardless of whether you run an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related work aren’t easy, particularly when you’re packed with things to do. In the event that you do not have enough money to employ 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!
Nearly everyone would prefer to skipping this step. But since it’s required and mandatory, there’s no other choice.
So what can we do about it?
We can always 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. While this is lengthy but you’ll be able to assess whether TaxJar is the tool you require right now.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then we’ll dive right into.
What is TaxJar Steps To File For Pa TaxJar Blog
Founded in 2013, TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. TaxJar is a solution to the entire life cycle. In addition, you can apply it across all your sales channels to ensure compliance with sales taxes. It makes the process simpler that could require days to complete and is completed in just a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is used extensively by online business owners to keep everything simple and organized. Let’s take a look at their features and services.
Services and features
One of the first things you’ll need to ensure you have a tax accounting platform seamlessly works well with your sales channel. If you’re using multiple sales channels, you need to ensure that everything is in order. The most important thing is not to face a penalty due to missing a single minor point.
TaxJar allows you to show your critical metrics in one spot. So, there’s no requirement to collect data from different channels and organize it into one platform. All you have to do is integrate TaxJar then the system will do all the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to file their sales taxes either manually or via TaxJar’s AutoFile feature. In the purpose of this article, we’ll dig at both.
If you choose 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, the team will instruct you on managing the tax returns. It is up to you and your staff to complete the process within the timeframe. TaxJar is only there to provide guidance on what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out any forms manually. Through this feature, everything will be automated from calculating sales tax to recording and processing it. There could be additional costs if the feature is not included in the plan you choose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to help you with your accounting problems. 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 require, including an inventory of your transactions, reports, as well as information.
The best part about this feature is that they allow you to update your account automatically each day. Not only will they let you know how much you’ve accumulated, but they also help you track when your following payment is due.
Their dashboard also allows you to see the sales tax totals for your business. It is also possible to export the data as the form of a CSV file in case you require it in your process of financial planning and accounting or if you require it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all the channels you sell through. It means you don’t need to scramble for your documents when you’re in a pinch. Even if you already have your accountant, this function will make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance can help you allocate your funds better. You’ll be aware of the budget you have for other operational expenses.
What’s more is that TaxJar provides training and tutorials, not just on their platform, but for anything that has to do with sales tax. Check out their webinars, guides, as well as their blog to find more details. Apart from that, their sales tax calculator should be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the most suitable plan for you to help you with filing requirements or reporting. It comes with taxes on sales and sales as well as four autofiles for free each year, and an 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 ideal for you. It may not offer all the features offered by TaxJar, but it has the essentials that you need.
Additionally, you can contact the support team via their support chart for email. You’ll also be able to use their integration features.
If you’re looking to get different from the standard features and options, then the Professional plan may be the best option for you. The price starts at $99 however, it could go up by adding custom features.
What is the difference from the original plan?
In addition to accessing all of the Starter plan’s features, you also get access to 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 opt for premium plans instead. It includes all of the features needed to help with your taxes. Additionally, they permit unlimited data import integrations, API integrationsfor team users and AutoFiles.
They also have a team that is devoted in managing your accounts. However, they don’t disclose the price of the Premium plan. will cost you. Steps To File For Pa TaxJar Blog
But they did state that this plan is tailor-fit for each user. So the costs will vary in line with what you require for your business.
Luckily, you don’t have to bet your life on it to find out if the platform is the right one for you. If you’re still considering different options, they offer 30 days of free trial. It should give you enough time to determine whether the service is the right choice for you.
Pros and Cons
Now that we’ve covered all you need to know about TaxJar let’s take a break. To summarize Here are the advantages and disadvantages of making use of TaxJar for your business.
- Has a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable for USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies with multiple sales channels and uses numerous platforms. If that sounds like what you do, then you should try this.
It’s not just a way to aid in tracking the sales and profits of your business It can assist you in meeting the deadlines you set. It is also a great platform for an accountant since they provide tax Advisor program. There are tips to follow and get knowledge from their seminars regarding taxes via it.
Utilizing 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 a place with complicated tax laws, this can certainly help you to get your head around it. Steps To File For Pa TaxJar Blog
If handling your taxes is straightforward and straightforward, then TaxJar may be an unnecessary expense. If you have only one or two sales channels, TaxJar won’t be needed to keep track of all of it. Moreover, if you’re finding the entire procedure simple to follow, you might be better off doing it on your own.
FAQ Steps To File For Pa TaxJar Blog
Which areas does TaxJar provide API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transactions are in USdollars. If you’re using another currency, you’ll have to convert it to USUSD before TaxJar can calculate the tax.