Taxes have always been among the most difficult tasks to complete regardless of whether you’re running an enterprise or not. More so if you don’t have a background in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. If you don’t have the funds to engage an accountant performing the task on your own could be risky. If you miss one detail, you might have to redo things again!
Nearly everyone would prefer to skipping this step. But since it’s required to be done, we can’t choose not to.
What can we do about it?
It is always possible to make our lives easier by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can assist you. Although this is quite an extensive read it is possible to gauge whether TaxJar is the tool you require right now.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
But for those who prefer to read, then let’s get right into it.
What exactly is TaxJar? TaxJar California Taxes
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all of your channels of sales to ensure that you are in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and is completed in just a few only a few minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is extensively used by online business owners to keep everything simple and organized. Let’s take a look at their features and services.
Features and services
One of the first things you’ll want to check is your tax-reporting system seamlessly works well with your sales channel. If you’re selling through multiple channels, it is essential to maintain everything in line. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to show your most important data in one location. So, there’s no need to collect data in multiple channels and sort it into one platform. All you have to do is connect TaxJar and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows clients to make sales tax filings manually or through TaxJar’s AutoFile feature. In our review we’ll dig at both.
If you decide to do it manually, TaxJar will allow you to connect all of your sales platforms. When the time is right for filing tax returns for income The team will guide you on managing these. But, it is up for you and your staff to complete the process on time. TaxJar is only there to guide you on what you have to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. Through this feature, everything will be automated from calculating sales taxes through recording, and then processing it. But, it is possible to incur extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting issues. Your orders from your e-commerce channels can be combined into one dashboard using this platform. From there you and your team can access everything you need, such as an inventory of your transactions, reports and the data.
The best part about the feature you’ve chosen is it allows you to automatically update every day. They not only let you keep track of how much you’ve accumulated however, they can also help you determine when your next payment is due.
Their dashboard also allows you to fully view the overall sales taxes for your business. You can also export your data in the form of a CSV file in case you require it to aid in accounting and financial planning processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of your sales channels. This means that you don’t have to hunt for your paperwork when you’re in the event of a need. Even when you already have your accountant, this feature can aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have for other operating costs.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform but all things related to sales tax. You can look through their webinars, guides and blog for more details. Additionally the sales tax calculator should be 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 can be too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing levels and what each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They claim that it’s the most effective plan to help you with filing requirements or reporting. It includes taxes on sales and sales as well as 4 annual AutoFiles for free, as well as an CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a small-scale company manager, the plan will be perfect for you. It may not have all the features of TaxJar but it comes with all the basics you require.
In addition, you can reach the support team via their email support chart. You’ll also have access to their integration tools.
If you’re looking to get different from the basic features Professional may be the best option for you. The price starts at $99 however, it could go up if you add custom features.
So how different is it from the basic plan?
In addition to 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 the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you own a huge company, you may need to choose an upgrade instead. It includes all of the features needed to aid in your tax preparation. Additionally, they permit unlimited integrations with data imports Integrations with APIs, teams of members, and AutoFiles.
There is also a team that is devoted to managing your account. However, they don’t disclose how much the Premium plan is going to cost. TaxJar California Taxes
However, they did mention that this plan is customized for every user. The cost of the plan will be different depending on what you need for your business.
Luckily, you don’t have to risk your money to find out if the platform is the right one for you. If you’re still looking into various options, they provide a 30-day free trial. It should give you enough time to gauge if the platform is the right choice for you.
Pros and Cons
Now that we’ve covered all you should be aware of TaxJar let’s take a breather. To sum it all up Here are the advantages and disadvantages of making use of TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies that have multiple sales channels and uses plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
It’s not just a way to help you track your products and revenue It can help you meet your deadlines. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can help you save more time while keeping the track of each deadline or requirement you need to meet. If you live in an area with complex tax regulations, this will certainly help you to get your head around it. TaxJar California Taxes
But if handling your taxes is simple, 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. If you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better to do it on your own.
FAQ TaxJar California Taxes
Which areas does TaxJar provide API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transactions are in USdollars. If you’re using another currency, you will need to convert it into USUSD prior to when TaxJar can calculate the tax.