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 a degree in accounting or finance. Tax-related tasks aren’t easy, particularly when you’re filled with tasks to complete. When you’re not able to afford the funds to employ an accountant, performing the task on yourself can be risky. If you make a mistake, you might have to do it all over again!
Most people want to skip this step. However, since it’s mandatory and mandatory, there’s no other choice.
So , what can we do about it?
It is always possible to make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving device and how it can assist you. Although this is quite lengthy, you should be able to determine if TaxJar is what you need right now.
Are you looking video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, then let’s get right into it.
What is TaxJar TaxJar Alabama
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it across all your sales channels to ensure compliance with your sales taxes. It makes the process simpler that could take days to complete and finish within just a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by business owners who run online businesses to keep everything neat and simple. Let’s take a look at the features and services offered by TaxJar.
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Services and features
Integration
One of the first things you’ll need to ensure you have a tax accounting software is compatible with your sales channel. If you’re selling through multiple channels, you need to ensure that everything is in order. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar allows you to display your critical metrics in one spot. This means that there is no need to collect data from different channels and then organize it on one platform. All you need to do is connect TaxJar, and the platform will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar lets customers make sales tax filings either manually or via the AutoFile feature. In this review, we’ll take a look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect your sales platforms. When it comes time to the filing of income tax returns, the team will instruct you on how to handle them. It is up for you and your team members to complete everything in time. TaxJar is there to guide you on what you need to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. With this feature, everything is automated, from calculating sales taxes through recording, and then processing them. However, there might be additional costs if the feature is not included in the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting woes. The orders you place through your online channels can be put together into one dashboard using this platform. From there, you and your team can access everything you need, like the list of transactions, reports and data.
The best part about this feature is that they allow you to update automatically every day. They not only let you keep track of how much you’ve earned, but they also help you keep track of when the next payment is due.
The dashboard allows you to fully view the sales tax totals within your company. It is also possible to export the data in CSV format. CSV file if you need it in your accounting and financial planning processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. This means that you don’t have to search for your documents whenever you’re when you’re in a pinch. Even even if you already have an accountant, this feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your funds better. You’ll know better how much budget you have available for other operational expenses.
What’s more is that TaxJar offers training and tutorials, not just on their platform, but all things connected to sales tax. Check out their webinars, guides as well as their blog to find more info. Apart from that their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to set your budget. Certain platforms have amazing capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing levels and the features that each of these options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan is priced at $19. They say it’s the most effective plan 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 basic plan, you have access to their AI tax recommendations.
If you’re a small company owner, this plan could be perfect for you. It may not offer all the features of TaxJar, but it has the essentials that you need.
Additionally, you can contact the support team via their email support chart. You’ll also have access to their integration capabilities.
Professional
If you’re looking to get a bit more than just the basics, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
So how different is it from the original plan?
In addition to having access to every one of Starter plan’s features, you also have their phone customer support, API access, and advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
Premium
If you own a huge enterprise, you may want to choose an upgrade instead. It comes with all the features needed to help with your taxes. In addition, they offer unlimited integrations with data imports, API integrations, team members and AutoFiles.
There is also a team dedicated to managing your account. They don’t reveal how much the Premium plan is going to cost. TaxJar Alabama
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.
Free Trial
It’s a good thing that you don’t have to risk your money to see if this platform is for you. If you’re still looking into different options, they offer a 30-day free trial. This should be enough time to gauge whether the software is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you must be aware of TaxJar let’s take a break. In order to sum up the whole thing Here are the advantages and disadvantages of the use of TaxJar to run your business.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features to reduce 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 is possible to integrate it with other platforms.
- It allows you to monitor multiple sales channels
Cons
- 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.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies with many sales channels and utilizes numerous platforms. If that’s what you’re doing, then should try this.
It’s not just a way to assist you in keeping track of your products and revenue, but it can assist you in meeting the deadlines you set. It’s also an excellent opportunity for accountants since they provide tax Advisor program. You can find tips and learn from their sessions about taxes through it.
Using TaxJar can allow you to save more time while keeping on top of each deadline and requirement you have to meet. If you’re living in an area with complex tax laws, this will certainly help you to get your mind around it. TaxJar Alabama
However, if managing your taxes is straightforward, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of all of it. If you’re finding the entire process easy to do then you’re better off doing it by yourself.
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FAQ TaxJar Alabama
Which areas does TaxJar provide API support?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I 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 type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transaction amounts are n US$. If you’re using another currency, you will need to convert it to USUSD before TaxJar will calculate your tax.
