Taxes have always been one of the most difficult tasks to complete, whether you’re running an enterprise or not. More so if you don’t have any experience in finance or accounting. Tax-related issues 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, doing it on your own could be risky. If you miss one detail it could mean you have to redo things again!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement and mandatory, there’s no other choice.
What can we do ?
It is always possible to make our lives easier by using tools like TaxJar.
We’ll look at this well-known life-saving device and how it can benefit you. While this is an extensive read, you should be able to determine if TaxJar is the tool you require in the present.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, then let’s get right into it.
What is TaxJar TaxJar Apply For Sales Tax Every State
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It is a solution for your entire sales tax life cycle. Additionally, you can use it across all your channels of sales to ensure that you are in compliance with sales tax requirements. It simplifies the processes that take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is simple and organized. Let’s explore the benefits and features of TaxJar.
Services and features
One of the most important things you’ll want to check is that your accounting tax system perfectly integrates with your sales channel. If you have multiple sales channels, you must maintain everything in line. The final thing you would like is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your most important data in one location. This means that there is no need to gather data in multiple channels and sort it into one platform. All you have to do is connect TaxJar, it will handle all the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. For the purpose of this article, we’ll take a look at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. When it comes time to filing tax returns for income The team will guide you on how to manage these. It is up for you and your staff to complete the process in time. TaxJar is only there to provide guidance on what you have to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit all forms by hand. This feature will ensure that everything will be automated from calculating sales taxes in order to record and process them. There could be additional charges if they are not part of the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting woes. All orders made through your e-commerce channels can be put together into one dashboard using this platform. Once you’re on the platform you and your staff can access everything you need, like an inventory of your transactions, reports and data.
The greatest benefit of this option is the fact that it allows you to automatically update every day. Not only will they let you know how much you’ve accumulated, but they also help you keep track of when the next payments are due.
The dashboard allows users to view in detail the overall sales taxes for your business. You can also export the data as the form of a CSV file if you need it in your accounting and financial planning processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all your sales channels. This means that you don’t have to scramble for your documents whenever you’re when you’re in a pinch. Even if you already have your accountant, this feature can help them be more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have for other operating expenses.
The best part is that TaxJar provides training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. Check out their webinars, guides or blog posts for additional info. Additionally, their sales tax calculator is beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing features, but they’re sometimes too expensive for businesses. This is why in this section, we’ll look into TaxJar’s pricing levels and the features that each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. They say it’s the most suitable plan for you if you need help with filing requirements or reporting. It also includes the tax on sales, 4 free yearly AutoFiles, and an CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a smaller business proprietor, then this program will be perfect for you. It may not have all the features of TaxJar however, it does include all the basics you require.
In addition, you can reach the support team via their support chart for email. You’ll also be able to use their integration capabilities.
If you’re looking for something a bit more than just the basic features and options, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher when you add additional features.
What is the difference from the starter plan?
Apart from having access to each of Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you run a large enterprise, you may want to choose premium plans instead. It comes with all the features needed to make your tax filing easier. Additionally, they permit unlimited data import integrations API integrationsfor team users and AutoFiles.
They also have a staff who are devoted for managing the account. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Apply For Sales Tax Every State
However, they did say that this plan is tailor-fit for each user. Therefore, the cost will differ depending on what you need for your company.
Luckily, you don’t have to risk your money to see if this platform is for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should be enough time to determine if the platform is a good fit for you.
Pros and Cons
We’ve covered everything you need to be aware of TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of the use of TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Has 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
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to businesses with multiple sales channels and uses plenty of platforms. If that’s what you’re doing, then you must try TaxJar.
It’s not just a way to assist you in keeping track of your products and revenue It can also help you meet the deadlines you set. It is also a great option for accountants as they offer the Tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
The use of TaxJar can help you get more done while keeping track of every deadline or requirement you need to meet. If you live in a region with a lot of tax laws, this will definitely help you get your mind around it. TaxJar Apply For Sales Tax Every State
But if handling your taxes is straightforward and straightforward, then TaxJar might not be a good expense. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire procedure easy to complete, you might be better to do it on your own.
FAQ TaxJar Apply For Sales Tax Every State
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transactions’ amounts are in USdollars. If you’re using a different currency, you will need to convert it to US$ prior to when TaxJar can calculate the tax.