Taxes have always been one of the hardest things to do, whether you’re running your own business or not. More so if you don’t have a background in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is filled with tasks to complete. If you don’t have the funds to employ an accountant, doing it on your own could be risky. If you make a mistake and you don’t know it, you may need to repeat the process!
Almost everyone wants to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
Here we’ll take a look at this popular life-saving device and how it can benefit you. Although this is quite lengthy but you’ll be able to assess whether TaxJar is exactly what you need right now.
Do you prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, then let’s get right into it.
What is TaxJar TaxJar Filing Taxes In Florida
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It’s a solution for the entire life cycle. In addition, you can apply it across all of your sales channels to ensure that you are in compliance with sales taxes. It makes the process simpler that could can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by owners of online businesses to keep everything neat and simple. Let’s look into the benefits and features of TaxJar.
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Services and features
Integration
One of the first things you’ll need to make sure is your tax-reporting system seamlessly works well along with sales funnels. If you have multiple sales channels, it is essential to keep everything in place. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your most important data in one location. So, there’s no need to gather information from multiple sources and then organize it on one platform. All you need to do is integrate TaxJar it will do the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar lets customers make sales tax filings by hand or using TaxJar’s AutoFile feature. For this review, we’ll look at both.
If you decide to do it manually, TaxJar will allow you to connect your sales platforms. Once the time comes for filing income tax returns TaxJar will train you on managing the tax returns. But, it is up to you and your staff to complete everything in time. TaxJar is only there to provide guidance on what you have to 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 all forms by hand. This feature will ensure that everything is automated, from calculating taxes on sales in order to record and process them. However, there might be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting woes. The orders you place through your online channels can be combined into a single dashboard via this platform. From there you and your staff will have access to everything you need, such as an inventory of your transactions, reports, and the data.
The best part about this feature is that they allow you to update your account automatically each day. Not only can they help to know the amount you’ve collected, but they also help you determine when your next payment is due.
Their dashboard also allows you to fully view the overall sales taxes within your company. Additionally, you can export the information to a CSV file, if you want to use it for your financial planning and accounting processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. It means you don’t need to search for your documents whenever you’re in the event of a need. Even if you already have your accountant, this function will make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds better. You’ll be aware of the budget you have available for other operating expenses.
What’s more is that TaxJar offers training and tutorials and tutorials, not just on their platform, but all things connected to sales tax. Check out their webinars, guides, as well as their blog to find more details. Additionally, their sales tax calculator can be useful if 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 capabilities, but they’re often too costly for your business. For this reason, we’ll look into TaxJar’s pricing tiers and the features that each of these options can offer you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They say it’s the best plan if you need help with filing requirements and reporting. It comes with sales tax reporting, four free yearly AutoFiles, and an CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small-scale company proprietor, then this program could be perfect for you. It may not offer all of TaxJar’s features but it comes with the basic features you require.
Additionally, you can contact the support team via their email support chart. You’ll also have access to their integration features.
Professional
If you’re looking to get that is more than the basic features, then the Professional plan might be the right one for you. It’s priced at $99 but it can go higher by adding custom features.
So how different is it from the original plan?
Apart from having access to each of Starter plan’s features, you also get access to their support via phone, API access, and the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you have a massive company, you may need to go for premium plans instead. It comes with all the features that you require to help with your taxes. In addition, they offer unlimited data import integrations Integrations with APIs, teams of users as well as AutoFiles.
They also have a staff who are devoted in managing your accounts. However, they don’t disclose the amount that the Premium plan will cost you. TaxJar Filing Taxes In Florida
However, they did say that the plan is custom-made for each user. So the costs will vary depending on what you need to run your business.
Free Trial
It’s a good thing that you don’t have to risk your money to see if this platform is the right one for you. If you’re still looking into various options, they provide 30 days of free trial. It should give you enough time to see if the platform is the right choice for you.
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Pros and Pros and
We’ve covered everything you should be aware of TaxJar Let’s relax. To summarize we’ll go over the advantages and disadvantages of using TaxJar for your company.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- You can track several sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid down, TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes plenty of platforms. If that’s what you do, then you should try this.
Not only will it assist you in keeping track of your revenue and products, but it can also help you meet the deadlines you set. It is also a great opportunity for accountants since they have the Tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
Using TaxJar can help you reduce time and keep track of every deadline and requirement you have to meet. If you live in a region with a lot of tax laws, this can definitely help you get your head around it. TaxJar Filing Taxes In Florida
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 of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole procedure easy to complete, you might be better off doing it on your own.
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FAQ TaxJar Filing Taxes In Florida
What are the areas in which TaxJar provide API support?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transaction amounts are n USdollars. If you’re using a different currency, you’ll need to convert it to USdollars before TaxJar determines your tax.
