Taxes are always one of the most difficult things to handle regardless of whether you’re running an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related work can be overwhelming, especially when your whole day is full of things to be done. When you’re not able to afford the budget to employ an accountant, making it your own could be risky. If you make a mistake and you don’t know it, you may have to redo things again!
Most people want to skipping this step. But since it’s required, we have no choice.
So , what can we do ?
We can make our lives easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and explain how it can assist you. While this is lengthy, you should be able to gauge whether TaxJar is the tool you require today.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, we’ll dive right into.
What is TaxJar Tax Rate Lookup TaxJar
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all your sales channels to make sure you’re in compliance with your sales taxes. It simplifies the processes that can take days to complete, and can be completed in a matter of minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by owners of online businesses to keep everything simple and organized. Let’s take a look at their features and services.
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Features and services
Integration
One of the most important things you’ll need to make sure is your tax-reporting software perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to ensure that everything is in order. The final thing you would like is to face a penalty due to missing a single minor point.
TaxJar lets you display your critical data in one location. So, there’s no need to collect data from different channels and sort it into a single platform. All you need to do is to integrate TaxJar, and the platform will take care of all the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms they can integrate with:
Filing
TaxJar allows clients to make sales tax filings manually or through the AutoFile feature. For this review, we’ll take a look into both.
If you choose to do it manually, TaxJar will allow you to connect your sales platforms. Once the time comes for the filing of income tax returns The team will guide you on how to handle them. But, it is up to you and your team to finish the tax returns within the timeframe. TaxJar will only help you understand what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. This feature will ensure that everything will be automated from calculating sales taxes through recording, and then processing them. There could be extra fees if not included in the plan you choose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your staff will have access to everything you require, including an inventory of your transactions, reports and data.
The most appealing aspect of the feature you’ve chosen is it lets you to automatically update every day. Not only will they let to know the amount you’ve earned however, they can also help you determine when your next payment is due.
The dashboard allows you to see the overall sales taxes within your company. You can also export the data as a CSV file in case you require it for your financial planning and accounting processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of 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 accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your funds more effectively. You’ll know exactly how much budget you have for other operating expenses.
What’s more is that TaxJar offers training and tutorials, not just on their platform, but everything related to sales tax. You can look through their guides, webinars, as well as their blog to find more information. In addition the sales tax calculator can be beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing levels and the features that each of these choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the most effective plan to help you in filing and reporting. It includes sales tax reporting, 4 annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a small-scale business owner, this plan will be perfect for you. It might not include all the features of TaxJar however, it does include the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also have access to their integration capabilities.
Professional
If you’re looking to get that is more than the standard features and options, then the Professional plan may be the best option for you. It starts at $99, however, it could go up by adding custom features.
How different is it from the starter plan?
In addition to accessing every one of Starter plan’s features, you also have their phone customer support access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you own a huge enterprise, you may want to opt for the Premium plan instead. It comes with all the features you need to aid in your tax preparation. In addition, they offer unlimited import integrations of data, API integrationsfor team members as well as AutoFiles.
They also have a team dedicated to managing your account. But, they don’t divulge how much the Premium plan is going to cost. Tax Rate Lookup TaxJar
However, they did mention that this plan is tailor-fit to each user. The cost of the plan will be different according to what you require to run your business.
Free Trial
Fortunately, you don’t need to risk your money to see if this platform is for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to see whether the software is a good fit for you.
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Pros and Cons
We’ve covered everything you should know about TaxJar Let’s relax. To sum it all up we’ll go over the pros and cons of the use of TaxJar for your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features to reduce 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 can be integrated with other platforms
- It allows you to monitor multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies with multiple sales channels and uses many platforms. If that’s what you do, then you must try TaxJar.
Not only will it help you track your revenue and products It can also help you meet your deadlines. This is also an excellent platform for an accountant since they provide a Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
The use of TaxJar can help you reduce time and keep the track of each deadline or requirement you need to fulfill. If you live in a region with a lot of tax laws, this can definitely help you get your head around the subject. Tax Rate Lookup TaxJar
However, if managing your taxes is simple and straightforward, then TaxJar could be a waste of expense. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire process easy to do then you’re better in doing it all on your own.
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FAQ Tax Rate Lookup TaxJar
What are the areas in which TaxJar provide API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it to USUSD prior to when TaxJar will calculate the tax.
