Taxes have always been one of the most difficult things to handle regardless of whether you’re running an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. If you don’t have enough money to employ an accountant, performing the task on your own could be dangerous. If you make a mistake, you might have to redo things again!
Most people want to skip this step. But , as it’s a requirement, we have no choice.
What can we do ?
It is always possible to make our lives easier by using tools like TaxJar.
We’ll look at this life-saving device and how it can benefit you. While this is an extensive read it is possible to assess whether TaxJar is exactly what you need in the present.
Prefer video streaming instead? Take a look at 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 get right into it.
What exactly is TaxJar? TaxJar Collecting Sales Tax In California
Founded in 2013, TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It’s a solution for the entire life cycle. In addition, you can apply it across all of your channels of sales to ensure that you are in compliance with sales taxes. It makes the process simpler that could take days to complete and can be completed in a matter of only a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is neat and simple. Let’s explore the features and services offered by TaxJar.
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Services and features
Integration
One of the first things you’ll need to ensure is that your accounting tax system seamlessly works well with your sales channel. If you’re using multiple sales channels, you must ensure that everything is in order. The final thing you would like is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your key metrics in one spot. This means that there is no need to gather data in multiple channels and organize it into a single platform. All you need to do is integrate TaxJar and the platform will take care of the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar allows clients to submit their sales tax either manually or via TaxJar’s AutoFile feature. In this review, we’ll look at both.
If you choose to do it manually, TaxJar will allow you to connect all the sales channels you use. When the time is right for filing income tax returns, the team will instruct you on how to handle the tax returns. But, it is up for you and your staff to finish the tax returns within the timeframe. TaxJar is only there to help you understand what you should do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. With this feature, everything is automated, from calculating sales tax through recording, and then processing them. There could be 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 ease your accounting problems. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. Once you’re on the platform you and your team will have access to 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 lets you to update automatically every day. Not only can they help you know how much you’ve accumulated and how much you’ve earned, but they also let you track when your following payments are due.
The dashboard allows you to fully view the total sales tax within your company. It is also possible to export your data in CSV format. CSV file if you need it in your accounting and financial planning processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep track of all of the sales avenues you use. That means you won’t have to scramble for your documents when you’re when you’re in a pinch. Even if you already have your accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance can help you allocate your funds better. You’ll be aware of the budget you have to cover other operational expenses.
But what’s even better is that TaxJar offers tutorials and training not only for their platform , but also for anything that has to do with sales tax. Check out their webinars, guides, or blog posts for additional info. In addition, their sales tax calculator can be beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. For this reason we’ll examine TaxJar’s pricing levels and what each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance in filing and reporting. It also includes sales tax reporting, 4 free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a smaller business proprietor, then this program will be ideal for you. It may not offer all of TaxJar’s features but it comes with the basic features you require.
In addition, you can reach their customer support via their support chart for email. You’ll also be able to use their integration features.
Professional
If you’re looking to get a bit more than just the basic features Professional may be the best option for you. It starts at $99, but it can go higher when you add additional features.
So how different is it from the basic plan?
Apart from having access to every one of Starter plan’s options, you also have access to their support via phone, API access, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you run a large company, you may need to opt for premium plans instead. It has all of the features that you require to help with your taxes. In addition, they offer unlimited integrations with data imports API integrations, team members and AutoFiles.
They also have a staff who are devoted to managing your account. But, they don’t divulge the price of the Premium plan. will cost you. TaxJar Collecting Sales Tax In California
But they did state that the plan is custom-made for every user. Therefore, the cost will differ in line with what you require for your company.
Free Trial
Luckily, you don’t have to risk your money to determine if this service is the right one for you. If you’re still considering various options, they provide 30 days of free trial. This should be enough time to gauge whether the service is the right choice for you.
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Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar let’s take a break. To sum it all up we’ll go over the pros and cons of the use of TaxJar for your company.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- It allows you to monitor multiple sales channels
Cons
- 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.
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies with multiple sales channels and uses plenty of platforms. If that sounds like what you’re doing, then you must try TaxJar.
Not only will it assist you in keeping track of your products and revenue It can assist you in meeting your deadlines. This is also an excellent opportunity for accountants since they offer a Tax Advisor program. There are tips to follow and gain knowledge from their workshops on taxes by using it.
The use of TaxJar can help you get more done while keeping track of every deadline and requirement you have to fulfill. If you live in a region with a lot of tax laws, this will certainly help you to get your head around the subject. TaxJar Collecting Sales Tax In California
But if handling your taxes is simple If it isn’t, then TaxJar might not be a good expense. If you have only one or two sales channels, TaxJar won’t be needed to keep track of all of it. Moreover, if you find the whole procedure simple to follow, you might be better in doing it all by yourself.
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FAQ TaxJar Collecting Sales Tax In California
What areas does TaxJar provide API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions are in US$. If you’re using a different currency, you’ll have to convert it into USdollars before TaxJar determines your tax.
