Taxes are always one of the hardest things to do regardless of whether you’re running an enterprise or not. More so if you don’t have a degree in accounting or finance. Tax-related issues can be overwhelming, especially when you’re full of things to be done. In the event that you do not have enough money to hire an accountant, doing it on yourself can be dangerous. If you overlook one thing, you might have to do it all over again!
Almost everyone wants to avoid this step. But since it’s required, we have no choice.
So what can we do about it?
It is always possible to simplify our lives with tools such as TaxJar.
We’ll look at this popular life-saving tool and explain how it can help you. Although this is quite lengthy it is possible to assess whether TaxJar is exactly what you need right now.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What is TaxJar? TaxJar California Sales Use Tax Return
In 2013, TaxJar was established. TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It is a solution for the entire life cycle. Additionally, you can use it across all of your channels of sales to ensure compliance with sales tax requirements. It streamlines processes that can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by owners of online businesses to ensure that everything is organized and straightforward. Let’s look into the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check is that your accounting tax system is compatible with your sales channel. If you have multiple sales channels, you must ensure that everything is in order. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your most important data in one location. This means that there is no need to gather information from multiple sources and then organize it on one platform. All you have to do is connect TaxJar and the platform will handle the rest.
In addition, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar lets customers file their sales taxes by hand or using the AutoFile feature. For the purpose of this article, we’ll look at both.
If you decide to go it alone, TaxJar will allow you to connect those sales tools. When it comes time to the filing of income tax returns, the team will instruct you on managing these. But, it is up to you and your team members to complete everything on time. TaxJar is there to help you understand what you have to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out the forms in a manual manner. This feature will ensure that everything will be automated, from calculating sales taxes in order to record and process it. There could be additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting woes. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. From there you and your team will have access to all the information you require, including the list of transactions, reports, as well as data.
The most appealing aspect of this option is the fact that it lets you to automatically update every day. Not only can they help you know how much you’ve accumulated and how much you’ve earned, but they also let you determine when your next payments are due.
Their dashboard can also allow you to see the sales tax totals in your business. It is also possible to export the information in CSV format. CSV file, if you want to use it to aid in 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 the sales avenues you use. 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.
Furthermore, knowing the estimated amount for the sales tax you pay in advance can help you allocate your funds better. You’ll be aware of the budget you have available for other operational costs.
The best part is that TaxJar offers tutorials and training and tutorials, not just on their platform, but all things related to sales tax. Check out their webinars, guides, and blog for more details. In addition, 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 establish your budget. Some platforms provide amazing features, but they’re sometimes too costly for your business. For this reason, we’ll look into TaxJar’s pricing tiers and what each of these 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 if you need help with filing requirements or reporting. It comes with sales tax reporting, 4 free yearly AutoFiles, and a CSV import. Even with the starter plan, you can access their AI tax recommendations.
If you’re a small business manager, the plan will be perfect for you. It might not include all the features of TaxJar but it comes with all the basics you require.
In addition, you can reach their support team with their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for something different from the basics, then the Professional plan could be the one for you. It’s priced at $99 but it can go higher if you add custom features.
So how different is it from the basic plan?
Apart from having access to all of the Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. You can also receive 12 free AutoFiles every year.
If you run a large business, you might need to go for the Premium plan instead. It comes with all the features needed to make your tax filing easier. In addition, they offer unlimited import integrations of data Integrations with APIs, teams of users, and AutoFiles.
They also have a team that is devoted in managing your accounts. However, they don’t disclose the amount that the Premium plan costs you. TaxJar California Sales Use Tax Return
However, they did say that the plan is custom-made for every user. The cost of the plan will be different according to what you require to run your business.
It’s a good thing that you don’t have to bet your life on it to determine if this service is right for you. If you’re still looking into various options, they provide 30 days of free trial. This should be enough time to see if the platform is the right choice for you.
Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar Let’s relax. In order to sum up the whole thing Here are the advantages and disadvantages of the use of TaxJar to run your business.
- Has a 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
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- It allows you to monitor 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 to USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid out TaxJar is an excellent platform for companies that have multiple sales channels and uses numerous platforms. If that’s what you do, then you ought to try this.
Not only can it assist you in keeping track of your products and revenue, but it can also help you meet your deadlines. It’s also an excellent platform for an accountant since they have a Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
The use of TaxJar can allow you to get more done while keeping track of every deadline and obligation you have to meet. If you live in an area with complex tax laws, this can surely help you wrap your mind around it. TaxJar California Sales Use Tax Return
However, if managing taxes is easy, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track everything. In addition, if you’re finding the entire process easy to do then you’re better to do it by yourself.
FAQ TaxJar California Sales Use Tax Return
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transaction amounts are n US$. If you’re using another currency, you’ll have to convert it to US$ prior to when TaxJar determines the tax.