Taxes have always been one of the hardest things to do regardless of whether you run an enterprise or not. More so if you don’t have a background in finance or accounting. Tax-related issues can be overwhelming, particularly when you’re filled with tasks to complete. When you’re not able to afford enough money to hire an accountant, doing it on yourself can be dangerous. If you miss one detail it could mean you have to redo things again!
Most people want to skip this step. But since it’s required to be done, we can’t choose not to.
What is the best way to deal with it?
We can simplify our lives with tools such as TaxJar.
This article will take a look at this well-known life-saving tool and explain how it can help you. Although this is quite a long read but you’ll be able to assess whether TaxJar is the tool you require in the present.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar TaxJar Arizon Ruling Letters
Founded in 2013, TaxJar is an application that automatizes your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all of your sales channels to make sure you’re in compliance with your sales taxes. It simplifies the processes that require days to complete and finish within minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to make their business more organized and straightforward. Let’s explore their features and services.
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Services and features
Integration
One of the most important things you’ll need to ensure is your tax-reporting software is compatible with your sales channel. If you’re selling through multiple channels, you must maintain everything in line. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your most important data in one location. So, there’s no need to gather data from different channels and then organize it on a single 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 to assist in the process of making payments. Here’s a list of the platforms they are able to integrate with:
Filing
TaxJar allows clients to make sales tax filings manually or through their AutoFile feature. In our review we’ll dig into both.
If you choose to go it alone, TaxJar will allow you to connect all your sales platforms. When the time is right for filing income tax returns TaxJar will train you on how to manage the tax returns. But, it is up to you and your team to complete the process on time. TaxJar will only guide you on what you should do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out any forms manually. With this feature, everything is automated, from calculating taxes on sales to recording and processing it. There could be additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to ease 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 team can access everything you need, such as a list of your transactions, reports, as well as data.
The best part about the feature you’ve chosen is it allows you to update automatically every day. They not only let you know how much you’ve accumulated, but they also help you keep track of when the next payments are due.
Their dashboard can also allow users to view in detail the sales tax totals for your business. You can also export the information to a CSV file, if you want to use it in your financial planning and accounting processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of your sales channels. That means you won’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 will help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time can help you allocate your funds better. You’ll be aware of the budget you have to cover other operating expenses.
But what’s even better is that TaxJar offers tutorials and training not only for their platform , but also everything that has to do with sales tax. Check out their webinars, guides as well as their blog to find more information. In addition the sales tax calculator should be helpful if you’re planning on 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. Certain platforms have amazing features, but they can be too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of those options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan costs $19. The company claims that it’s the most suitable plan for you for those who need assistance in filing and reporting. It includes taxes on sales and sales as well as 4 free yearly AutoFiles, and the option of a CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a small company proprietor, then this program will be ideal for you. It might not include all the features of TaxJar but it comes with the essentials that you need.
In addition, you can reach their customer support via their support chart for email. Additionally, you’ll have access to their integration features.
Professional
If you’re looking to get a bit more than just the basics and options, then the Professional plan may be the best option for you. It starts at $99, however, it could go up when you add additional features.
How different is it from the starter plan?
In addition to accessing each of Starter plan’s features, you also get access to their support via phone access to APIs, as well as the ability to do 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 opt for the Premium plan instead. It includes all of the features that you require to make your tax filing easier. In addition, they offer unlimited data import integrations API integrations, team users as well as AutoFiles.
There is also a team who are devoted to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Arizon Ruling Letters
However, they did mention that this plan is tailor-fit to each user. Therefore, the cost will differ in line with what you require for your business.
Free Trial
Luckily, you don’t have to bet your life on it to determine if this service is for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. This should be enough time to gauge whether the software is an excellent fit for you.
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Pros and Cons
After we’ve gone over everything you need to be aware of TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of the use of TaxJar to run your business.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features help 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 can be integrated 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 have access to the API feature
- Only applicable for USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid out TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes many platforms. If this sounds like the way you’re doing, then ought to try this.
Not only will it assist you in keeping track of your revenue and products It can also help you meet your deadlines. It’s also an excellent option for accountants as they offer a Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
Using TaxJar can allow you to save more time while keeping on top of each deadline or requirement you need to meet. If you’re living in a region with a lot of tax regulations, this will definitely help you get your mind around it. TaxJar Arizon Ruling Letters
But if handling your taxes is straightforward If it isn’t, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. In addition, if you find the whole procedure simple to follow, you might be better to do it on your own.
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FAQ TaxJar Arizon Ruling Letters
What areas does TaxJar provide API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it into US$ before TaxJar can calculate your tax.
