Taxes have always been one of the most difficult things to handle, whether you’re running an enterprise or not. Even more so if you do not have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford enough money to hire an accountant, performing the task on your own can be risky. If you make a mistake, you might have to do it all over again!
Nearly everyone would prefer to skip this step. But , as it’s a requirement to be done, we can’t choose not to.
What can we do ?
We can always simplify our lives with tools such as TaxJar.
We’ll look at this life-saving tool and how it can benefit you. While this is a long read but you’ll be able to assess whether TaxJar is the tool you require right now.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, let’s get right into it.
What is TaxJar? TaxJar Califronia
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It’s a solution for the entire life cycle. Additionally, you can use it across all of the sales channels you use to make sure you’re in compliance with your sales taxes. It streamlines processes that can take days to complete, and is completed in just a few just a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by online business owners to make their business more neat and simple. Let’s look into the benefits and features of TaxJar.
Features and services
One of the first things you’ll need to ensure is that your accounting tax platform is compatible in conjunction with the sales channels you use. If you have multiple sales channels, it is essential to maintain everything in line. The most important thing is not to be penalized for missing a single minor point.
TaxJar allows you to show your key metrics in one place. This means that there is no need to collect information from multiple sources and sort it into one platform. All you need to do is to integrate TaxJar, and the platform will handle the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms they can integrate with:
TaxJar allows clients to make sales tax filings by hand or using the AutoFile feature. For this review, we’ll dig at both.
If you choose to go it alone, TaxJar will allow you to connect all of your sales platforms. When it comes time to filing income tax returns TaxJar will train you on how to manage them. However, it will be up for you and your team members to complete the process within the timeframe. TaxJar is there to provide guidance on what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. This feature will ensure that everything will be automated, from calculating sales taxes in order to record and process them. However, there might be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be put together into one dashboard using this platform. From there you and your team will have access to everything you need, such as a list of your transactions, reports and data.
The best part about this option is the fact that it allows you to update your account automatically each day. Not only can they help you keep track of how much you’ve collected, but they also help you keep track of when the next payments are due.
The dashboard allows you to see the sales tax totals within your company. You can also export your data to the form of a CSV file, if you want to use it for your financial planning and accounting processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep on top of all the channels you sell through. It means you don’t need to search for your documents when you’re in a pinch. Even even if you already have an accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have to cover other operating expenses.
The best part is that TaxJar provides training and tutorials, not just on their platform, but everything connected to sales tax. You can check out their guides, webinars, or blog posts for additional info. Additionally their sales tax calculator should be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms offer superb capabilities, but they’re often 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 options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. The company claims that it’s the most effective plan to help you in filing and reporting. It comes with sales tax reporting, four annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a small company manager, the plan should be ideal for you. It may not have all the features offered by TaxJar however, it does include all the basics you require.
You can also contact their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking to get different from the basics Professional might be the right one for you. The price starts at $99 but it can go higher when you add additional features.
So how different is it from the basic plan?
In addition to accessing every one of Starter plan’s features, you also get access to their phone customer support access to APIs, as well as advanced CSV import. They also allow you to have 12 free AutoFiles each year.
If you own a huge company, you may need to go for the Premium plan instead. It includes all of the features needed to make your tax filing easier. Additionally, they permit unlimited data import integrations API integrationsfor team users, and AutoFiles.
There is also a team that is devoted for managing the account. However, they don’t disclose how much the Premium plan is going to cost. TaxJar Califronia
But they did state that this plan is customized for every user. Therefore, the cost will differ according to what you require for your business.
Luckily, you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still considering other options, they have a 30-day free trial. It should give you enough time to determine if the platform is the right choice for you.
Pros and Cons
Now that we’ve covered all you need to be aware of TaxJar Let’s relax. To summarize we’ll go over the advantages and disadvantages of the use of TaxJar for your business.
- Does the plan include a 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 simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- It allows you to monitor multiple sales channels
- AutoFile limit is 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 review local laws
The Final Verdict
With everything laid out, TaxJar can be a great platform companies with numerous sales channels, and that utilizes many platforms. If that sounds like what you do, then you ought to try this.
Not only will it help you track your products and revenue, but it can help you meet the deadlines you set. It is also a great platform for an accountant since they have the Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
The use of TaxJar can help you get more done while keeping track of every deadline or requirement you need to fulfill. If you’re living in a region with a lot of tax laws, this will definitely help you get your head around it. TaxJar Califronia
However, if managing taxes is easy If it isn’t, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire procedure easy to complete, you might be better to do it by yourself.
FAQ TaxJar Califronia
Which areas does TaxJar provide API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can connect your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions’ amounts are in US$. If you’re using another currency, you’ll need to convert it into US$ prior to when TaxJar can calculate the tax.