Taxes have always been one of the hardest things to do, whether you’re running an enterprise or not. Particularly if you don’t have any experience in accounting or finance. Tax-related issues aren’t easy, particularly when you’re full of things to be done. If you don’t have the budget to engage an accountant making it your own can be risky. If you miss one detail it could mean you have to do it all over again!
Most people want to skipping this step. However, since it’s mandatory, we have no choice.
So , what can we do about it?
We can always make life easier with tools such as TaxJar.
Here we’ll take a look at this popular life-saving device and how it can help you. Even though this is lengthy, you should be able to determine if TaxJar is exactly what you need today.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
But for those who prefer to read, then let’s dive right in.
What is TaxJar? TaxJar Collect Sales Tax California
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it in all of your sales channels to ensure that you are in compliance with sales taxes. It simplifies the processes that require days to complete and is completed in just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by owners of online businesses to make their business more organized and straightforward. Let’s explore the features and services offered by TaxJar.
Services and features
One of the most important things you’ll want to check is that your accounting tax software is compatible with your sales channel. If you’re selling through multiple channels, it is essential to keep everything in place. The most important thing is not to get a penalty for missing a single minor point.
TaxJar lets you display your most important metrics in one spot. This means that there is no need to gather information from multiple sources and then organize it on a single platform. All you have to do is to integrate TaxJar and the platform will do the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms that they can connect with:
TaxJar lets customers submit their sales tax by hand or using TaxJar’s AutoFile feature. For this review, we’ll look into both.
If you choose to go it alone, TaxJar will allow you to connect all those sales tools. When it comes time to filing tax returns for income The team will guide you on managing the tax returns. It is up to you and your staff to complete everything in time. TaxJar is there to guide you on what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out any forms manually. With this feature, everything will be automated from calculating sales tax to recording and processing it. However, there might be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be put together into a single dashboard via this platform. From there you and your team will have access to everything you need, such as an inventory of your transactions, reports, as well as the data.
The best part about this option is the fact that it allows you to automatically update every day. They not only let you keep track of how much you’ve collected and how much you’ve earned, but they also let you track when your following payment is due.
Their dashboard also allows you to see the overall sales taxes within your company. It is also possible to export the data to a CSV file in case you require it in your accounting and financial planning processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the sales avenues you use. 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 make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds better. You’ll know exactly how much budget you have to cover other operational costs.
What’s more is that TaxJar provides training and tutorials not only for their platform , but also all things that has to do with sales tax. Check out their guides, webinars, or blog posts for additional info. Apart from that their sales tax calculator is useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of these plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan costs $19. They say it’s the best plan to help you with filing requirements or reporting. It comes with the tax on sales, 4 annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you can access their AI tax tips.
If you’re a small company proprietor, then this program should be ideal for you. It may not have all the features offered by TaxJar but it comes with the basic features you require.
You can also contact their support team with their support chart for email. You’ll also have access to their integration features.
If you’re looking to get that is more than the basics and options, then the Professional plan may be the best option for you. It starts at $99, but you can increase it when you add additional features.
How different is it from the starter plan?
Apart from having access to all of the Starter plan’s features, you also get access to their support via phone, API access, and advanced CSV import. You can also receive 12 free AutoFiles every year.
If you run a large business, you might need to choose the Premium plan instead. It includes all of the features you need to aid in your tax preparation. Moreover, they allow unlimited import integrations of data as well as API integrations, team users, and AutoFiles.
They also have a staff that is devoted in managing your accounts. However, they don’t disclose how much the Premium plan costs you. TaxJar Collect Sales Tax California
However, they did mention that the plan is custom-made for each user. Therefore, the cost will differ in line with what you require for your business.
It’s a good thing that you don’t have to bet your life on it to find out if the platform is for you. If you’re still looking into different options, they offer 30 days of free trial. This should give you enough time to gauge whether the software is the right choice for you.
Pros and Cons
Now that we’ve covered all you must know about TaxJar let’s take a break. To summarize we’ll go over the advantages and disadvantages of the use of TaxJar to run your business.
- Has the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers an online sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies that have multiple sales channels and uses many platforms. If that’s what you’re doing, then you must try TaxJar.
It’s not just a way to help you track the sales and profits of your business however, it will help you meet your deadlines. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar can help you get more done while keeping track of every deadline or requirement you need to meet. If you live in an area with complex tax laws, this can certainly help you to get your head around the subject. TaxJar Collect Sales Tax California
However, if managing taxes is easy If it isn’t, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of everything. In addition, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar Collect Sales Tax California
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it into US$ before TaxJar will calculate the tax.