Taxes have always been one of the most difficult things to handle regardless of whether you’re running your own business or not. Even more so if you do not have a background in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is full of things to be done. In the event that you do not have the budget to employ an accountant, making it your own could be risky. If you overlook one thing, you might have to do it all over again!
Nearly everyone would prefer to avoid this step. However, since it’s mandatory, we have no choice.
So , what can we do about it?
We can always make our lives easier with tools such as TaxJar.
We’ll look at this popular life-saving tool and how it can help you. Although this is quite a long read it is possible to assess whether TaxJar is exactly what you need today.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
But for those who prefer to read, we’ll dive right into.
What is TaxJar? TaxJar Cannabis
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it across all of the sales channels you use to ensure compliance with your sales taxes. It simplifies the processes that require days to complete and finish within only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is extensively used by owners of online businesses to make their business more neat and simple. Let’s look into their features and services.
> > Click Here to Start TaxJar for Free < <
Features and services
Integration
One of the most important things you’ll need to make sure you have a tax accounting platform is compatible in conjunction with the sales channels you use. If you’re using multiple sales channels, you need to maintain everything in line. The final thing you would like is to be penalized for missing a single minor point.
TaxJar allows you to show your key metrics in one place. So, there’s no need to gather information from multiple sources and organize it into a single platform. All you need to do is connect TaxJar, and the platform will take care of the rest.
Other than that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar lets customers file their sales taxes either manually or via their AutoFile feature. In our review we’ll look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. Once the time comes for the filing of income tax returns, the team will instruct you on how to handle the tax returns. It is up for you and your staff to complete the process on time. TaxJar is only there to help you understand what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit all forms by hand. With this feature, everything will be automated, from calculating sales tax in order to record and process them. There could be extra fees if not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform you and your team can access everything you need, like the list of transactions, reports and data.
The greatest benefit of this option is the fact that it allows you to automatically update every day. Not only will they let you know how much you’ve collected, but they also help you determine when your next payments are due.
The dashboard allows you to see the overall sales taxes in your business. Additionally, you can export your data in the form of a CSV file if you need it for your financial planning and accounting processes or if you require it for central reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. That means you won’t have to search for your documents when you’re when you’re in a pinch. Even if you already have your accountant, this function will aid them in being more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll know better how much budget you have to cover other operating costs.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just for their platform but all things connected to sales tax. You can look through their webinars, guides or blog posts for additional details. In addition, their sales tax calculator should be beneficial when you’re planning to complete everything yourself.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. That’s why for this section we’ll take a look at TaxJar’s pricing levels and the features that each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan costs $19. The company claims that it’s the most effective plan if you need help with filing requirements or reporting. It includes taxes on sales and sales as well as 4 annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you can access their AI tax advice.
If you’re a smaller company manager, the plan could be ideal for you. It might not include all of TaxJar’s features, but it has all the basics you require.
In addition, you can reach their support team with their support chart for email. You’ll also be able to use their integration capabilities.
Professional
If you’re looking to get a bit more than just the basics, then the Professional plan may be the best option for you. It’s priced at $99 but it can go higher by adding custom features.
How different is it from the original plan?
Apart from having access to every one of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you have a massive enterprise, you may want to choose premium plans instead. It includes all of the features that you require to help with your taxes. In addition, they offer unlimited import integrations of data Integrations with APIs, teams of users, and AutoFiles.
They also have a team who are devoted for managing the account. However, they don’t disclose how much the Premium plan costs you. TaxJar Cannabis
But they did state that the plan is custom-made to each user. So the costs will vary according to what you require for your business.
Free Trial
Fortunately, you don’t need to risk your money to see if this platform is for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to see whether the software is an excellent fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
Now that we’ve covered all you need to know about TaxJar Let’s relax. To sum it all up we’ll go over the pros and cons of using TaxJar for your business.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only valid 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 many sales channels and utilizes many platforms. If that sounds like what you do, then you should try this.
Not only will it assist you in keeping track of your revenue and products, but it can help you meet the deadlines you set. This is also an excellent option for accountants as they have a Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar will help you save more time while keeping on top of each deadline and obligation you have to fulfill. If you live in an area with complex tax laws, this will definitely help you get your head around it. TaxJar Cannabis
However, if managing your taxes is simple, then TaxJar may be an unnecessary investment. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you find the entire procedure easy to complete and you’re comfortable with it, you may be better in doing it all on your own.
> > Click Here to Start TaxJar for Free < <
FAQ TaxJar Cannabis
What areas does TaxJar provide API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it into US$ prior to when TaxJar will calculate your tax.
