Taxes have always been one of the most difficult things to handle regardless of whether you run a business or not. More so if you don’t have any experience in finance or accounting. Tax-related tasks can be overwhelming, particularly when your whole day is full of things to be done. When you’re not able to afford enough money to hire an accountant, making it yourself can be dangerous. If you miss one detail, you might need to repeat the process!
Almost everyone wants to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
What can we do ?
We can always make life easier with tools such as TaxJar.
We’ll look at this life-saving tool and how it can help you. While this is an extensive read, you should be able to assess whether TaxJar is what you need today.
Are you looking to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
If you prefer to read, let’s get right into it.
What exactly is TaxJar? TaxJar California
Founded in 2013, TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for the entire life cycle. Additionally, you can use it across all of your sales channels to ensure compliance with sales tax requirements. It makes the process simpler that could take days to complete and finish within only a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to ensure that everything is simple and organized. Let’s look into the features and services offered by TaxJar.
Features and services
One of the first things you’ll want to check you have a tax accounting software is compatible along with sales funnels. If you’re selling through multiple channels, you need to keep everything in place. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar allows you to show your most important metrics in one place. That way, there’s no need to gather data in multiple channels and then organize it on one platform. All you need to do is to integrate TaxJar it will handle the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms they are able to integrate with:
TaxJar allows clients to 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 opt to go it alone, TaxJar will allow you to connect all the sales channels you use. Once the time comes for filing tax returns for income TaxJar will train you on how to handle them. But, it is up to you and your team to complete everything in time. TaxJar is there to guide you on what you have to do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit all forms by hand. With this feature, everything will be automated from calculating sales tax through recording, and then processing it. But, it is possible to incur additional charges if they are not part of the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting problems. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your staff will have access to everything you require, including the list of transactions, reports, as well as data.
The greatest benefit of this feature is that it lets you to update automatically every day. Not only can they help you keep track of how much you’ve earned, but they also help you track when your following payments are due.
Their dashboard also allows you to see the overall sales taxes for your business. Additionally, you can export the information as the form of a CSV file in case you require it in your financial planning and accounting processes or if you require it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of your sales channels. It means you don’t need to search for your documents when you’re in the event of a need. Even if you already have your accounting firm, the feature will help them be more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your money more efficiently. You’ll be aware of the budget you have for other operating costs.
The best part is that TaxJar provides training and tutorials and tutorials, not just for their platform , but also everything connected to sales tax. You can look through their guides, webinars, as well as their blog to find more details. Apart from that, their sales tax calculator should be beneficial when 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 expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing tiers and the features that each of these plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan starts at $19. They claim that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It also includes the tax on sales, 4 autofiles for free each year, and an CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a smaller company proprietor, then this program will be ideal for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.
Additionally, you can contact their customer support via their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for a bit more than just the basic features and options, then the Professional plan may be the best option for you. It starts at $99, but you can increase it by adding custom 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 the support of their customer service via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
If you run a large company, you may need to choose the Premium plan instead. It includes all of the features that you require to help with your taxes. Additionally, they permit unlimited integrations with data imports, API integrations, team members, and AutoFiles.
They also have a team who are devoted to managing your account. They don’t reveal the price of the Premium plan. will cost you. TaxJar California
However, they did mention that this plan is customized for each user. So the costs will vary according to what you require to run your business.
Luckily, you don’t have to gamble your money just 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 give you enough time to determine whether the service is a good fit for you.
Pros and Pros and
After we’ve gone over everything you should 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 for your business.
- There is the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- Allows you to track 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 valid for USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid out TaxJar can be a great platform businesses with many sales channels and utilizes numerous platforms. If that’s what you’re doing, then must try TaxJar.
It’s not just a way to aid in tracking the sales and profits of your business however, it will help you meet your deadlines. This is also an excellent option for accountants as they offer the Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
Utilizing TaxJar will help you reduce time and keep on top of each deadline and obligation you have to meet. If you live in a region with a lot of tax laws, this can definitely help you get your head around the subject. TaxJar California
If handling your taxes is straightforward, then TaxJar could be a waste of expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. If you’re finding the entire process easy to do, you might be better to do it on your own.
FAQ TaxJar California
Which 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 into TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions are in USdollars. If you’re using a different currency, you’ll have to convert it to US$ prior to when TaxJar will calculate your tax.