Taxes are always one of the hardest things to do regardless of whether you run a business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, especially when your whole day is filled with tasks to complete. When you’re not able to afford the budget to employ an accountant, doing it on yourself can be risky. If you miss one detail, you might need to repeat the process!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do about it?
It is always possible to simplify our lives by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and explain how it can assist you. Although this is quite an extensive read it is possible to gauge whether TaxJar is the tool you require right now.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar TaxJar Apply Coupon Code
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. Additionally, you can use it in all of your channels of sales to ensure compliance with sales tax requirements. It makes the process simpler that could require days to complete and finish within minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used 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 first things you’ll need to make sure is that your accounting tax software perfectly integrates with your sales channel. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your critical metrics in one spot. That way, there’s no requirement to collect data in multiple channels and sort it into one platform. All you need to do is integrate TaxJar, then the system will handle the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar lets customers submit their sales tax by hand or using the AutoFile feature. For the purpose of this article, we’ll take a look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of your sales platforms. When the time is right for the filing of income tax returns The team will guide you on managing these. But, it is up for you and your staff to finish the tax returns on time. TaxJar is only there to guide you on what you have to do but not handle it.
If you would 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 taxes on sales in order to record and process them. There could be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As I 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 through this platform. From there, you and your team can access everything you require, including a list of your transactions, reports and data.
The best part about the feature you’ve chosen is it lets you to update your account automatically each day. They not only let you keep track of how much you’ve earned and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard can also allow you to fully view the total sales tax for your business. Additionally, you can export your data as a CSV file, if you want to use it in your financial planning and accounting processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all your sales channels. It means you don’t need to hunt for your paperwork when you’re in a pinch. Even even if you already have an accounting firm, the feature can make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds more effectively. You’ll know exactly how much budget you have for other operating costs.
What’s more is that TaxJar provides training and tutorials, not just on their platform, but all things related to sales tax. You can look through their webinars, guides, and blog for more info. Apart from that their sales tax calculator should be useful if 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 set your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing structures and what each of these plans can offer. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It includes sales tax reporting, four autofiles for free each year, and the option of a CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a smaller business manager, the plan will be ideal for you. It may not offer all of TaxJar’s features, but it has the essentials that you need.
You can also contact their support team with their email support chart. You’ll also be able to use their integration tools.
Professional
If you’re looking for something that is more than the basic features Professional could be the one for you. It starts at $99, but it can go higher by adding custom features.
How different is it from the original plan?
Apart from having access to all of the Starter plan’s features, you also get access to their support via phone Access to APIs, phone support, and advanced CSV import. They also 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 has all of the features you need to make your tax filing easier. Moreover, they allow unlimited data import integrations, API integrationsfor team members and AutoFiles.
They also have a team dedicated in managing your accounts. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Apply Coupon Code
But they did state that this plan is customized for every user. Therefore, the cost will differ in line with what you require for your business.
Free Trial
Fortunately, you don’t need to gamble your money just to see if this platform is the right one for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. This should give you enough time to gauge whether the service is an excellent fit for you.
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Pros and Cons
We’ve covered everything you need to know about TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of the use of TaxJar for your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms
- Allows you to track 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.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have multiple sales channels and uses plenty of platforms. If that’s what you do, then you must try TaxJar.
Not only can it aid in tracking your revenue and products however, it will also help you meet your deadlines. It is also a great option for accountants as they offer the Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Using TaxJar can allow you to get more done while keeping track of every deadline and requirement you have to meet. If you’re in an area with complex tax regulations, this will surely help you wrap your head around the subject. TaxJar Apply Coupon Code
If handling your taxes is simple If it isn’t, 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 everything. If you find the entire procedure simple to follow then you’re better off doing it on your own.
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FAQ TaxJar Apply Coupon Code
Which areas does TaxJar provide API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transactions are in US$. If you’re using a different currency, you will need to convert it to USdollars before TaxJar will calculate your tax.
