Taxes have always been among the most difficult things to handle, whether you’re running an enterprise or not. Particularly if you don’t have a degree in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is filled with tasks to complete. In the event that you do not have the funds to employ an accountant, doing it on your own can be dangerous. If you make a mistake, you might have to do it all over again!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement and mandatory, there’s no other choice.
What can we do about it?
We can always make life easier by using tools like TaxJar.
This article will take a look at this life-saving tool and explain how it can help you. While this is an extensive read it is possible to assess whether TaxJar is what you need today.
Are you looking video streaming instead? 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 we’ll dive right into.
What exactly is TaxJar? TaxJar California Ship From
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It’s a solution for your entire sales tax life cycle. Additionally, you can use it across all your channels of sales to ensure compliance with sales taxes. It streamlines processes that take days to complete and is completed in just a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is extensively used by business owners who run online businesses to ensure that everything is simple and organized. Let’s take a look at their features and services.
Features and services
One of the first things you’ll need to make sure is your tax-reporting platform is compatible in conjunction with the sales channels you use. If you’re using multiple sales channels, you need to keep everything in place. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your key metrics in one spot. This means that there is no need to collect information from multiple sources and sort it into a single platform. All you have to do is connect TaxJar, and the platform will take care of all the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms they can integrate with:
TaxJar lets customers file their sales taxes by hand or using their AutoFile feature. For the purpose of this article, we’ll take a look at both.
If you decide to do it manually, TaxJar will allow you to connect those sales tools. When it comes time to the filing of income tax returns TaxJar will train you on managing these. However, it will be up to you and your team members to complete everything in time. TaxJar is only there to provide guidance on what you need to do , but not to handle it.
If you would 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 tax through recording, and then processing it. But, it is possible to incur extra fees if not included in the plan you chose.
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 compiled into a single dashboard via this platform. Once you’re on the platform you and your team will have access to all the information you need, such as the list of transactions, reports, as well as data.
The greatest benefit of this feature is that they allow you to update automatically every day. Not only can they help you keep track of 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 users to view in detail the total sales tax within your company. You can also export the data as the form of a CSV file in case you require it for your accounting and financial planning processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of the channels you sell through. It means you don’t need to scramble for your documents when you need them in the event of a need. Even even if you already have an accounting firm, the feature can make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your money more efficiently. You’ll know better how much budget you have available for other operational costs.
But what’s even better is that TaxJar provides training and tutorials, not just for their platform but for anything that has to do with sales tax. Check out their webinars, guides and blog for more info. Additionally their sales tax calculator should be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. For this reason we’ll take a look at TaxJar’s pricing tiers and what each of those plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan is priced at $19. They claim that it’s the most effective plan to help you with filing requirements and reporting. It includes taxes on sales and sales as well as four autofiles for free each year, and a CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a small business manager, the plan could be ideal for you. It might not include all the features offered by TaxJar however, it does include the basic features you require.
You can also contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for that is more than the standard 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 basic plan?
Apart from having access to each of Starter plan’s options, you also have access to their support via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you run a large company, you may need to go for premium plans instead. It includes all of the features that you require to aid in your tax preparation. Additionally, they permit unlimited data import integrations as well as API integrationsfor team members as well as AutoFiles.
They also have a team dedicated in managing your accounts. But, they don’t divulge the amount that the Premium plan will cost you. TaxJar California Ship From
However, they did mention that this plan is tailor-fit to each user. The cost of the plan will be different depending on what you need for your company.
Luckily, you don’t have to gamble your money just to see if this platform is right for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is an excellent fit for you.
Pros and Cons
Now that we’ve covered all you need to know about TaxJar Let’s relax. In order to sum up the whole thing Here are the advantages and disadvantages of making use of TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Has support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms.
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid out, TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then should try this.
It’s not just a way to assist you in keeping track of your products and revenue, but it can assist you in meeting the deadlines you set. It is also a great platform for an accountant since they offer the Tax Advisor program. You can get tips and get knowledge from their seminars regarding taxes via it.
Utilizing TaxJar can allow you to get more done while keeping the track of each deadline and requirement you have to fulfill. If you’re in a place with complicated tax regulations, this will definitely help you get your head around it. TaxJar California Ship From
If handling your taxes is simple, 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 all of it. In addition, if you find the entire process easy to do then you’re better in doing it all by yourself.
FAQ TaxJar California Ship From
Which areas does TaxJar provide API support?
TaxJar currently works with countries like Australia, 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 for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to US$ before TaxJar will calculate your tax.