Taxes have always been among the hardest things to do regardless of whether you run an enterprise or not. Particularly if you don’t have any experience in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. In the event that you do not have enough money to engage an accountant performing the task on your own can be risky. If you make a mistake it could mean you need to repeat the process!
Nearly everyone would prefer 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 our lives easier with tools such as TaxJar.
This article will take a look at this well-known life-saving device and how it can help you. Even though this is lengthy, you should be able to gauge whether TaxJar is the tool you require in the present.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, let’s get right into it.
What is TaxJar TaxJar Economic Nexus States
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It’s a solution for the entire life cycle. Additionally, you can use it across all of your channels of sales to ensure compliance with your sales taxes. It simplifies the processes that can 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 establishments.
How can this help you?
TaxJar is widely used by online business owners to make their business more neat and simple. Let’s look into the features and services offered by TaxJar.
> > Click Here to Start TaxJar for Free < <
Features and services
Integration
One of the first things you’ll need to ensure is that your accounting tax system is compatible in conjunction with the sales channels you use. If you have multiple sales channels, you need to ensure that everything is in order. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one place. This means that there is no need to collect information from multiple sources and sort it into a single platform. All you have 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 the AutoFile feature. For our review we’ll look into both.
If you decide to do it manually, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing tax returns for income The team will guide you on managing them. It is up for you and your team members to complete the process within the timeframe. TaxJar is there to provide guidance on what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out the forms in a manual manner. This feature will ensure that everything will be automated, from calculating sales tax through recording, and then processing it. However, there might be additional charges if they are not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. From there you and your staff can access everything you require, including the list of transactions, reports and data.
The best part about this feature is that they allow you to update automatically every day. Not only will they let you know how much you’ve accumulated and how much you’ve earned, but they also let you track when your following payment is due.
Their dashboard can also allow users to view in detail the overall sales taxes within your company. Additionally, you can export the information in a CSV file in case you require it to aid in financial planning and accounting processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all the channels you sell through. It means you don’t need to scramble for your documents when you need them in a pinch. Even if you already have your accountant, this function will help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds better. You’ll be aware of the budget you have available for other operational expenses.
The best part is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also for anything related to sales tax. You can check out their webinars, guides as well as their blog to find more details. Apart from that their sales tax calculator is helpful if you’re planning on complete everything yourself.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb features, but they can be too costly for the business you run. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan is priced at $19. The company claims that it’s the most effective plan to help you with filing requirements or reporting. It comes with taxes on sales and sales as well as 4 autofiles for free each year, and the option of a CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a small-scale business proprietor, then this program could be perfect for you. It may not offer all the features of TaxJar but it comes with the essentials that you need.
In addition, you can reach their support team with their email support chart. You’ll also be able to use their integration tools.
Professional
If you’re looking for something that is more than the standard features, 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 original plan?
Apart from having access to all of the Starter plan’s features, you also get access to their phone customer support access to APIs, as well as advanced CSV import. You can also have 12 free AutoFiles each year.
Premium
If you run a large company, you may need to opt for an upgrade instead. It comes with all the features needed to aid in your tax preparation. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of members and AutoFiles.
They also have a team dedicated to managing your account. They don’t reveal the amount that the Premium plan costs you. TaxJar Economic Nexus States
But they did state that this plan is tailor-fit for every user. The cost of the plan will be different in line with what you require for your business.
Free Trial
It’s a good thing that you don’t have to risk your money to find out if the platform is the right one for you. If you’re still looking into various options, they provide 30 days of free trial. This should be enough time to see if the platform is a good fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
After we’ve gone over everything you should know about TaxJar let’s take a breather. To summarize we’ll go over the pros and cons of making use of TaxJar for your company.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Has 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 have access to the API feature
- Only applicable for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses plenty of platforms. If that sounds like what you’re doing, then you ought to try this.
It’s not just a way to aid in tracking your revenue and products It can help you meet the deadlines you set. It’s also an excellent platform for an accountant since they have a Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
Utilizing TaxJar can allow you to get more done while keeping the track of each deadline or requirement you need to fulfill. If you’re in an area with complex tax laws, this can definitely help you get your mind around it. TaxJar Economic Nexus States
But if handling 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. Moreover, if you’re finding the entire procedure easy to complete, you might be better in doing it all on your own.
> > Click Here to Start TaxJar for Free < <
FAQ TaxJar Economic Nexus States
What are the areas in which TaxJar offer API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions’ amounts are in US$. If you’re using another currency, you’ll have to convert it to USdollars before TaxJar can calculate your tax.
