Taxes are always one of the most difficult tasks to complete regardless of whether you run an enterprise or not. Even more so if you do not have a degree in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is full of things to be done. If you don’t have enough money to hire an accountant, doing it on your own can be dangerous. If you miss one detail and you don’t know it, you may have to do it all over again!
Most people want to skipping this step. But since it’s required and mandatory, there’s no other choice.
What is the best way to deal with it?
We can always make our lives easier by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can help you. While this is an extensive read, you should be able to determine if TaxJar is exactly what you need today.
Prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
For those who like to read, then we’ll dive right into.
What is TaxJar TaxJar California Last Year
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It’s a solution for your entire sales tax life cycle. Additionally, you can use it across all your sales channels to make sure you’re in compliance with sales tax requirements. It makes the process simpler that could require days to complete and is completed in just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is simple and organized. 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 platform seamlessly works well with your sales channel. If you’re using multiple sales channels, you must ensure that everything is in order. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar lets you display your critical metrics in one spot. So, there’s no need to gather data in multiple channels and then organize it on a single platform. All you have to do is integrate TaxJar, it will do the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar allows clients to submit their sales tax either manually or via their AutoFile feature. In this review, we’ll dig into both.
If you decide to go it alone, TaxJar will allow you to connect those sales tools. Once the time comes for the filing of income tax returns The team will guide you on how to handle the tax returns. However, it will be up for you and your staff to finish the tax returns on time. TaxJar is there to provide guidance on what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating sales taxes in order to record and process them. However, there might be additional charges if they are not included in the plan you select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be compiled into a single dashboard via this platform. Once you’re on the platform you and your team will have access to everything you need, such as a list of your transactions, reports and data.
The most appealing aspect of this option is the fact that they allow you to update automatically every day. Not only can they help you know how much you’ve collected however, they can also help you determine when your next payment is due.
The dashboard allows you to see the total sales tax within your company. It is also possible to export your data in CSV format. CSV file if you need it for your financial planning and accounting processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all your sales channels. It means you don’t need to search for your documents whenever you’re in the event of a need. Even even if you already have an accounting firm, the feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll know better how much budget you have available for other operating expenses.
The best part is that TaxJar offers training and tutorials, not just on their platform, but everything related to sales tax. Check out their guides, webinars, and blog for more info. Apart from that their sales tax calculator can be helpful if you’re planning on 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. Some platforms provide amazing features, but they can be too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing structures and the features that each of these options can offer you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the best plan if you need help in filing and reporting. It includes the tax on sales, four free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a small business owner, this plan should be perfect for you. It might not include all the features of TaxJar, but it has all the basics you require.
Additionally, you can contact their customer support via their email support chart. You’ll also be able to use their integration capabilities.
Professional
If you’re looking for different from the standard features and options, then the Professional plan may be the best option for you. It starts at $99, but it can go higher if you add custom features.
What is the difference from the original plan?
In addition to 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 receive 12 free AutoFiles every year.
Premium
If you have a massive company, you may need to go for the Premium plan instead. It includes all of the features you need to make your tax filing easier. In addition, they offer unlimited data import integrations as well as API integrationsfor team users as well as AutoFiles.
There is also a team dedicated in managing your accounts. However, they don’t disclose the price of the Premium plan. costs you. TaxJar California Last Year
But they did state that this plan is tailor-fit to each user. The cost of the plan will be different in line with what you require to run your business.
Free Trial
Luckily, you don’t have to bet your life on it to see if this platform is right 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 service is a good fit for you.
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Pros and Pros and
We’ve covered everything you need to be aware of TaxJar let’s take a breather. To summarize, here are the advantages and disadvantages of using TaxJar for your company.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can 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 to USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then should try this.
Not only can it assist you in keeping track of your products and revenue It can help you meet your deadlines. It is also a great opportunity for accountants since they provide a Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
Utilizing TaxJar can allow you to save more time while keeping the track of each deadline and obligation you have to fulfill. If you live in an area with complex tax regulations, this will definitely help you get your head around the subject. TaxJar California Last Year
If handling your taxes is straightforward and straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole procedure simple to follow then you’re better off doing it on your own.
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FAQ TaxJar California Last Year
What areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Can I convert any 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 into USUSD prior to when TaxJar determines the tax.
