Taxes have always been among the most difficult tasks to complete regardless of whether you run your own business 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 engage an accountant making it your own can be dangerous. If you miss one detail, you might need to repeat the process!
Almost everyone wants to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do ?
It is always possible to make life easier by using tools like TaxJar.
We’ll look at this life-saving device and how it can help you. While this is lengthy, you should be able to gauge whether TaxJar is what you need right now.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What is TaxJar TaxJar Drop Ship
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply it across all of your channels of sales to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could 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 businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by owners of online businesses to keep everything organized and straightforward. Let’s look into the benefits and features of TaxJar.
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Services and features
Integration
One of the most important things you’ll need to ensure is your tax-reporting system is compatible along with sales funnels. If you have multiple sales channels, you must ensure that everything is in order. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your critical metrics in one place. That way, there’s no need to gather data from different channels and sort it into a single platform. All you have to do is to integrate TaxJar, and the platform will handle all the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar allows customers to file their sales taxes either manually or via the AutoFile feature. In this review, we’ll dig into both.
If you choose to do it manually, TaxJar will allow you to connect those sales tools. When it comes time to filing income tax returns The team will guide you on managing the tax returns. However, it will be up to you and your team to finish the tax returns in time. TaxJar will only guide you on what you have to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. Through this feature, everything will be automated, from calculating sales tax in order to record and process them. However, there might be extra fees if not included in the plan you select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be put together into one dashboard using this platform. From there you and your staff will have access to all the information you require, including the list of transactions, reports and the data.
The best part about the feature you’ve chosen is they allow you to update automatically every day. Not only can they help you keep track of how much you’ve collected however, they can also help you keep track of when the next payments are due.
Their dashboard can also allow you to fully view the total sales tax in your business. Additionally, you can export the information as the form of a CSV file in case you require it for your financial planning and accounting processes or if you require it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep the track of all the sales avenues you use. It means you don’t need to scramble for your documents whenever you’re in a pinch. Even even if you already have an accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have to cover other operating costs.
What’s more is that TaxJar offers tutorials and training not only for their platform but everything that has to do with sales tax. You can check out their guides, webinars, and blog for more information. Additionally, their sales tax calculator should be beneficial when you’re planning to complete everything yourself.
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How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms provide amazing capabilities, but they’re often too costly for the business you run. This is why in this section we’ll take a look at TaxJar’s pricing structures and the features that each of these plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the best plan if you need help in filing and reporting. It comes with sales tax reporting, 4 annual AutoFiles for free, as well as an CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a small business proprietor, then this program will be perfect for you. It may not have all of TaxJar’s features, but it has all the basics you require.
Additionally, you can contact their customer support via their email support chart. You’ll also have access to their integration capabilities.
Professional
If you’re looking to get a bit more than just the basic features and options, then the Professional plan could be the one for you. It’s priced at $99 however, it could go up if you add custom features.
So how different is it from the starter plan?
Apart from having access to all of the Starter plan’s options, you also have access to their support via phone, API access, and advanced CSV import. You can also have 12 free AutoFiles each year.
Premium
If you run a large enterprise, you may want to go for the Premium plan instead. It comes with all the features that you require to help with your taxes. Moreover, they allow unlimited integrations with data imports as well as Integrations with APIs, teams of users and AutoFiles.
They also have a staff who are devoted in managing your accounts. But, they don’t divulge the price of the Premium plan. will cost you. TaxJar Drop Ship
But they did state that the plan is custom-made to each user. Therefore, the cost will differ depending on what you need for your business.
Free Trial
Fortunately, you don’t need to gamble your money just to find out if the platform is the right one for you. If you’re still considering different options, they offer 30 days of free trial. This should give you enough time to gauge whether the software is an excellent fit for you.
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Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of the use of TaxJar for your business.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides an online sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- You can track several sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid down, TaxJar can be a great platform companies with multiple sales channels and uses plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
Not only will it aid in tracking the sales and profits of your business however, it will also help you meet the deadlines you set. This is also an excellent opportunity for accountants since they offer the Tax Advisor program. You can get tips and get knowledge from their seminars regarding taxes via it.
Using TaxJar can help you reduce time and keep the track of each deadline or requirement you need to meet. If you’re living in a place with complicated tax laws, this can certainly help you to get your head around it. TaxJar Drop Ship
But if handling taxes is easy If it isn’t, then TaxJar might not be a good expense. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of all of it. If you find the entire process easy to do and you’re comfortable with it, you may be better off doing it by yourself.
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FAQ TaxJar Drop Ship
What are the areas in which TaxJar provide API assistance?
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 with TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions’ amounts are in US$. If you’re using a different currency, you’ll have to convert it to USUSD before TaxJar will calculate the tax.
