Taxes have always been among the most difficult things to handle, whether you’re running your own business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is full of things to be done. When you’re not able to afford enough money to engage an accountant performing the task on your own can be risky. If you overlook one thing and you don’t know it, you may need to repeat the process!
Nearly everyone would prefer to skip this step. But since it’s required 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.
This article will take a look at this life-saving device and how it can assist you. Even though this is lengthy, you should be able to gauge whether TaxJar is what you need in the present.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, we’ll dive right into.
What is TaxJar? TaxJar California Presumed Exempt
Founded in 2013, TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. TaxJar is a solution to the entire life cycle. In addition, you can apply it in all of your channels of sales to ensure compliance with sales taxes. It streamlines processes that take days to complete and finish within just a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is widely used by owners of online businesses to keep everything neat and simple. Let’s take a look at their features and services.
Services and features
One of the first things you’ll need to ensure is your tax-reporting system 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 most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your key metrics in one place. That way, there’s no requirement to collect data in multiple channels and organize it into a single platform. All you need to do is to integrate TaxJar, and the platform will take care of the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows clients to file their sales taxes either manually or via their AutoFile feature. For the purpose of this article, we’ll look into both.
If you choose to do it manually, TaxJar will allow you to connect the sales channels you use. When the time is right for filing income tax returns, the team will instruct you on how to handle these. However, it will be up to you and your staff to complete everything in time. TaxJar is only there to guide you on what you should do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out any forms manually. This feature will ensure that everything is automated, from calculating sales tax through recording, and then processing it. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your staff will have access to all the information you require, including the list of transactions, reports, as well as the data.
The most appealing aspect of this feature is that it allows you to update automatically every day. Not only will they let to know the amount you’ve collected, but they also help you determine when your next payments are due.
The dashboard allows you to see the sales tax totals within your company. Additionally, you can export your data to CSV format. CSV file in case you require it for your process of financial planning and accounting or if your team needs 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 search for your documents when you need them in a pinch. Even when you already have your accountant, this feature can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your funds better. You’ll know better how much budget you have for other operational costs.
The best part is that TaxJar offers tutorials and training not only on their platform, but for anything that has to do with sales tax. You can check out their webinars, guides and blog for more details. Apart from that their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of those plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. They say it’s the most suitable plan for you to help you with filing requirements or reporting. It comes with taxes on sales and sales as well as four autofiles for free each year, and a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale company manager, the plan should be perfect for you. It might not include all the features offered by TaxJar however, it does include the basic features you require.
Additionally, you can contact their customer support via their support chart for email. You’ll also be able to use their integration features.
If you’re looking for different from the basic features and options, then the Professional plan might be the right one for you. It’s priced at $99 however, it could go up if you add custom features.
How different is it from the basic plan?
In addition to accessing all of the Starter plan’s features, you also have their phone customer support access to APIs, as well as advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you own a huge enterprise, you may want to go for an upgrade instead. It includes all of the features you need to make your tax filing easier. Additionally, they permit unlimited data import integrations API integrationsfor team users as well as AutoFiles.
They also have a staff dedicated for managing the account. However, they don’t disclose the price of the Premium plan. costs you. TaxJar California Presumed Exempt
However, they did say that this plan is customized to each user. So the costs will vary depending on what you need for your company.
Fortunately, you don’t need to bet your life on it to see if this platform is the right one for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to gauge whether the software is the right choice for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over the pros and cons of the use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features to reduce 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 is able to be integrated with other platforms
- Allows you to track multiple sales channels
- 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 check local legislation
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies with multiple sales channels and uses many platforms. If this sounds like the way you do, then you must try TaxJar.
Not only will it aid in tracking your products and revenue, but it can also help you meet the deadlines you set. It is also a great option for accountants as they provide tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can allow you to reduce time and keep on top of each deadline and requirement you have to fulfill. If you’re living in a place with complicated tax laws, this will definitely help you get your head around the subject. TaxJar California Presumed Exempt
But if handling taxes is easy and straightforward, then TaxJar might not be a good expense. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the entire procedure easy to complete, you might be better in doing it all by yourself.
FAQ TaxJar California Presumed Exempt
What are the areas in which TaxJar provide API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it into USUSD prior to when TaxJar determines your tax.