Taxes have always been among the most difficult things to handle, whether you’re running your own business or not. More so if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, particularly when you’re full of things to be done. When you’re not able to afford the budget to employ an accountant, performing the task on yourself can be dangerous. If you make a mistake it could mean you need to repeat the process!
Nearly everyone would prefer to avoid this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do ?
We can make life easier with tools such as TaxJar.
Here we’ll take a look at this well-known life-saving tool and how it can help you. Although this is quite lengthy it is possible to determine if TaxJar is the tool you require today.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
For those who like to read, then let’s dive right in.
What is TaxJar? TaxJar Connecticut Register Sales Tax
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it in all of your channels of sales to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could take days to complete and can be completed in a matter of 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 this help you?
TaxJar is extensively used by online business owners to ensure that everything is organized and straightforward. Let’s explore the benefits and features of TaxJar.
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Services and features
Integration
One of the first things you’ll need to ensure you have a tax accounting system seamlessly works well along with sales funnels. If you’re using multiple sales channels, it is essential to maintain everything in line. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to show your most important metrics in one spot. That way, there’s no need to gather information from multiple sources and sort it into a single platform. All you have to do is to integrate TaxJar and the platform will take care of the rest.
Other than that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar lets customers submit their sales tax manually or through the AutoFile feature. In our review we’ll dig into both.
If you decide to go it alone, TaxJar will allow you to connect all your sales platforms. When the time is right for the filing of income tax returns The team will guide you on managing the tax returns. However, it will be up to you and your staff to complete the process on time. TaxJar will only provide guidance on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. Through this feature, everything will be automated from calculating taxes on sales through recording, and then processing them. However, there might be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to help you with your accounting problems. All orders made through 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 all the information you need, like the list of transactions, reports, and data.
The most appealing aspect of the feature you’ve chosen is they allow you to update automatically every day. Not only will they let you keep track of how much you’ve collected, but they also help you track when your following payments are due.
Their dashboard can also allow users to view in detail the sales tax totals for your business. You can also export the data in a CSV file in case you require it in your process of financial planning and accounting or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the sales avenues you use. This means that you don’t have to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accountant, this feature can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds better. You’ll know exactly how much budget you have for other operating costs.
But what’s even better is that TaxJar provides training and tutorials not only for their platform , but also all things that has to do with sales tax. You can look through their webinars, guides as well as their blog to find more info. Additionally their sales tax calculator can be useful if you’re planning to take on the entire task yourself.
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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 your business. That’s why for this section we’ll examine TaxJar’s pricing tiers and what each of those choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. They claim that it’s the best plan for those who need assistance with filing requirements and reporting. It comes with taxes on sales and sales as well as four free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you can access their AI tax advice.
If you’re a small company manager, the plan could be ideal for you. It may not have all the features offered by TaxJar, but it has all the basics you require.
Additionally, you can contact their support team with their email support chart. You’ll also have access to their integration tools.
Professional
If you’re looking for that is more than the basics and options, then the Professional plan could be the one for you. It starts at $99, however, it could go up if you add custom features.
How different is it from the starter plan?
Apart from having access to every one of Starter plan’s features, you also have the support of their customer service via phone, API access, and sophisticated CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you have a massive business, you might need to go for the Premium plan instead. It has all of the features needed to help with your taxes. In addition, they offer unlimited import integrations of data, API integrationsfor team users and AutoFiles.
There is also a team that is devoted to managing your account. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Connecticut Register Sales Tax
However, they did say that the plan is custom-made for each user. So the costs will vary in line with what you require for your business.
Free Trial
Luckily, you don’t have to gamble your money just to find out if the platform is right for you. If you’re still considering other options, they have 30 days of free trial. It should give you enough time to see whether the service is an excellent fit for you.
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Pros and Pros and
After we’ve gone over everything you must know about TaxJar let’s take a break. To summarize Here are the pros and cons of using TaxJar for your business.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms.
- It allows you to monitor multiple sales channels
Cons
- 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 check local legislation
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to companies with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then you must try TaxJar.
It’s not just a way to assist you in keeping track of the sales and profits of your business It can assist you in meeting the deadlines you set. It is also a great opportunity for accountants since they offer a Tax Advisor program. You can get tips and get knowledge from their seminars regarding taxes via it.
Using TaxJar will help you save more time while keeping the track of each deadline and obligation you have to meet. If you live in a region with a lot of tax regulations, this will surely help you wrap your mind around it. TaxJar Connecticut Register Sales Tax
But if handling your taxes is simple and straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you’re finding the entire procedure easy to complete, you might be better in doing it all on your own.
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FAQ TaxJar Connecticut Register Sales Tax
What areas does TaxJar provide API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it into US$ before TaxJar determines the tax.
