Taxes have always been among the hardest things to do, whether you’re running your own business or not. More so if you don’t have a degree in finance or accounting. Tax-related work can be overwhelming, especially when you’re packed with things to do. When you’re not able to afford the budget to hire an accountant, making it yourself can be dangerous. If you overlook one thing and you don’t know it, you may need to repeat the process!
Almost everyone wants to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
So what is the best way to deal with it?
We can simplify our lives by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can assist you. Even though this is a long read it is possible to determine if TaxJar is what you need today.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, then let’s dive right in.
What exactly is TaxJar? TaxJar Deleted Imported Transactions
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it in all of your channels of sales to make sure you’re in compliance with sales taxes. It makes the process simpler that could take days to complete and finish within minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is widely used by online business owners to keep everything neat and simple. Let’s look into their features and services.
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Features and services
Integration
One of the most important things you’ll need to make sure is that your accounting tax platform seamlessly works well along with sales funnels. If you’re using multiple sales 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 allows you to display your key data in one location. That way, there’s no need to gather data in multiple channels and sort it into a single platform. All you need to do is integrate TaxJar then the system will handle all 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 that they can connect with:
Filing
TaxJar lets customers submit their sales tax manually or through the AutoFile feature. In the purpose of this article, we’ll take a look at 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 them. It is up for you and your staff to complete the process in time. TaxJar will only help you understand what you need to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out any forms manually. Through this feature, everything is automated, from calculating sales taxes through recording, and then processing it. There could be additional charges if they are not part of the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to assist you with your accounting problems. All orders made through your e-commerce channels can be combined 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 a list of your transactions, reports, and the data.
The best part about the feature you’ve chosen is it allows you to update automatically every day. They not only let to know the amount you’ve collected however, they can also help you keep track of when the next payment is due.
Their dashboard can also allow you to fully view the sales tax totals within your company. Additionally, you can export your data to a CSV file if you need it for your financial planning and accounting processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all the sales avenues you use. It means you don’t need to search for your documents when you need them when you’re in a pinch. Even if you already have your accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your funds better. You’ll be aware of the budget you have for other operating costs.
What’s more is that TaxJar offers training and tutorials not only on their platform, but all things connected to sales tax. You can look through their guides, webinars, or blog posts for additional info. Additionally their sales tax calculator can be beneficial when 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. Certain platforms have amazing capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing structures and what each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan costs $19. They claim that it’s the most effective plan if you need help with filing requirements and reporting. It also includes taxes on sales and sales as well as four autofiles for free each year, and a CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a small business proprietor, then this program could be perfect for you. It may not have all the features of 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 features.
Professional
If you’re looking for something different from the standard features, then the Professional plan might be the right one for you. It’s priced at $99 but you can increase it when you add additional features.
How different is it from the original plan?
In addition to having access to all of the Starter plan’s features, you also get access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
Premium
If you run a large company, you may need to go for premium plans instead. It has all of the features you need to make your tax filing easier. Moreover, they allow unlimited integrations with data imports API integrations, team users, and AutoFiles.
They also have a staff who are devoted in managing your accounts. But, they don’t divulge how much the Premium plan will cost you. TaxJar Deleted Imported Transactions
But they did state that this plan is tailor-fit to each user. The cost of the plan will be different in line with what you require for your company.
Free Trial
Luckily, you don’t have to bet your life on it to find out if the platform is the right one for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. This should give you enough time to determine whether the service is a good fit for you.
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Pros and Cons
Now that we’ve covered all you need to be aware of TaxJar Let’s relax. To summarize Here are the advantages and disadvantages of making use of TaxJar for your company.
Pros
- Does the plan include 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 easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms
- Allows you to track multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable to USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies with many sales channels and utilizes many platforms. If that’s what you’re doing, then you ought to try this.
Not only will it aid in tracking your products and revenue, but it can also help you meet your deadlines. It is also a great platform for an accountant since they provide the Tax Advisor program. You can get tips and get knowledge from their seminars about taxes through it.
Utilizing TaxJar will help you reduce time and keep track of every deadline and obligation you have to meet. If you live in an area with complex tax laws, this can certainly help you to get your head around it. TaxJar Deleted Imported Transactions
However, if managing taxes is easy, then TaxJar may be an unnecessary expense. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire procedure simple to follow then you’re better in doing it all by yourself.
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FAQ TaxJar Deleted Imported Transactions
What are the areas in which TaxJar offer 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 sync your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions are in USdollars. If you’re using another currency, you’ll have to convert it to US$ prior to when TaxJar determines the tax.
