TaxJar And Squarespace

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Taxes are always one of the hardest things to do regardless of whether you run a business or not. Even more so if you do not have a degree in finance or accounting. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have enough money to hire an accountant, making it yourself can be dangerous. If you miss one detail it could mean you need to repeat the process!

Most people want to avoid this step. However, since it’s mandatory, we have no choice.

So , what can we do ?

It is always possible to simplify our lives by using tools like TaxJar.

This article will take a look at this life-saving device and how it can help you. While this is an extensive read it is possible to gauge whether TaxJar is what you need in the present.

Prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.

If you prefer to read, then let’s dive right in.

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What is TaxJar TaxJar And Squarespace

In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it across all the sales channels you use to ensure compliance with your sales taxes. It makes the process simpler that could take days to complete and can be completed in a matter of 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 it help you?

TaxJar is extensively used by owners of online businesses to make their business more simple and organized. Let’s look into the benefits and features of TaxJar.

TaxJar And Squarespace

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Features and services

Integration

One of the most important things you’ll want to check is that your accounting tax platform is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to keep everything in place. The last thing you want is to face a penalty due to not paying attention to a minor thing.

TaxJar lets you display your most important data in one location. So, there’s no requirement to collect data in multiple channels and then organize it on one platform. All you have to do is connect TaxJar, then the system will take care of the rest.

Apart from that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms they can integrate with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows customers to submit their sales tax manually or through TaxJar’s AutoFile feature. In this review, we’ll dig into both.

If you opt to do it manually, TaxJar will allow you to connect all of those sales tools. Once the time comes for the filing of income tax returns TaxJar will train you on managing these. It is up for you and your staff to complete everything on time. TaxJar is only there to provide guidance on what you have 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 any forms manually. With this feature, everything will be automated from calculating sales taxes in order to record and process it. There could be additional charges if they are not included in the plan you chose.

Sales Tax Reports

As I mentioned earlier it is possible to use TaxJar to assist you with your accounting problems. All orders made through your e-commerce channels can be put together into one dashboard using this platform. From there, you and your team will have access to all the information you require, including the list of transactions, reports and the data.

The most appealing aspect of this feature is that it allows you to update your account automatically each day. Not only can they help you keep track of how much you’ve accumulated, but they also help you determine when your next payment is due.

Their dashboard can also allow you to see the sales tax totals for your business. It is also possible to export your data to CSV format. CSV file, if you want to use it for your accounting and financial planning processes or if you require it to run centralized reports.

Streamlining and Training

TaxJar assists in organizing and keeping on top of all the sales avenues you use. This means that you don’t have to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accountant, this function can help them be more efficient.

Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have to cover other operating costs.

What’s more is that TaxJar offers tutorials and training, not just on their platform, but all things connected to sales tax. You can look through their webinars, guides as well as their blog to find more information. In addition their sales tax calculator should be beneficial when you’re planning to complete everything yourself.

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How much does TaxJar cost?

We are aware of how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for the business you run. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of those plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.

Starter

The Starter plan costs $19. They claim that 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 annual AutoFiles for free, as well as an CSV import. With the starter plan, you can access their AI tax recommendations.

If you’re a small-scale company proprietor, then this program will be ideal for you. It may not offer all of TaxJar’s features but it comes with all the basics you require.

Additionally, you can contact their customer support via their email support chart. You’ll also have access to their integration features.

Professional

If you’re looking for different from the standard features Professional could be the one for you. It’s priced at $99 but you can increase it if you add custom features.

How different is it from the starter plan?

In addition to accessing all of the Starter plan’s options, you also have access to their phone customer support access to APIs, as well as advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.

Premium

If you have a massive company, you may need to choose the Premium plan instead. It includes all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited integrations with data imports, Integrations with APIs, teams of members, and AutoFiles.

They also have a staff that is devoted in managing your accounts. However, they don’t disclose the amount that the Premium plan will cost you. TaxJar And Squarespace

However, they did mention that this plan is tailor-fit for every user. The cost of the plan will be different in line with what you require for your business.

Free Trial

Luckily, you don’t have to gamble your money just to see if this platform is right for you. If you’re still looking into different options, they offer a 30-day free trial. It should give you enough time to determine if the platform is an excellent fit for you.

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Pros and Pros and

We’ve covered everything you must be aware of TaxJar Let’s relax. To sum it all up we’ll go over the pros and cons of using TaxJar for your company.

Pros

  • There is the Tax Advisor option for some plans
  • AutoFile features can help you save time
  • Available in most USA states
  • Offers an online sales tax calculator
  • Support Service Team
  • The dashboard is easy to navigate
  • The company offers a 30-day trial for free.
  • It is able to be integrated with other platforms.
  • You can track several sales channels

Cons

  • AutoFile limit is based on the plan
  • AutoFile has extra fees
  • Some countries won’t be able to access the API feature
  • Only applicable for USA customers
  • Needs accountants and owners to check local legislation

The Final Verdict

With everything laid out TaxJar is an excellent platform for businesses with many sales channels and utilizes many platforms. If that sounds like what you’re doing, then you must try TaxJar.

It’s not just a way to help you track your revenue and products, but it can also help you meet the deadlines you set. It’s also an excellent option for accountants as they offer a Tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.

The use of TaxJar will help you reduce time and keep on top of each deadline or requirement you need to fulfill. If you’re in an area with complex tax laws, this will definitely help you get your mind around it. TaxJar And Squarespace

However, if managing your taxes is simple, then TaxJar might not be a good investment. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you find the whole process easy to do then you’re better to do it by yourself.

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FAQ TaxJar And Squarespace

What are the areas in which TaxJar provide API assistance?

TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.

Can I incorporate Shopify into TaxJar?

Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.

Can I convert any kind of currency with TaxJar?

Unfortunately, no. TaxJar does not convert currencies. All of the transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it into USUSD before TaxJar determines the tax.

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