Taxes have always been one of the most difficult things to handle regardless of whether you run an enterprise or not. More so if you don’t have any experience in finance or accounting. Tax-related work aren’t easy, particularly when you’re packed with things to do. In the event that you do not have the budget to hire an accountant, performing the task on your own can be risky. If you miss one detail it could mean you have to do it all over again!
Nearly everyone would prefer to skip this step. But since it’s required, we have no choice.
So , what can we do about it?
It is always possible to make life easier by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and explain how it can assist you. Even though this is lengthy, you should be able to gauge whether TaxJar is exactly what you need today.
Are you looking to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar? TaxJar Florida Counties With 2.5 Sales Tax
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculations. It is a solution for the entire life cycle. Furthermore, you can utilize it across all of the sales channels you use to make sure you’re in compliance with sales tax requirements. It simplifies the processes that require days to complete and is completed in just a few just a few minutes.
TaxJar has been used in various industries like 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 simple and organized. Let’s take a look at their features and services.
Features and services
One of the most important things you’ll need to make sure is your tax-reporting system is compatible along with sales funnels. If you’re using multiple sales channels, you need to ensure that everything is in order. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to show your critical data in one location. This means that there is no need to gather data from different channels and sort it into one platform. All you have to do is to integrate TaxJar, then the system will handle the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms they are able to integrate with:
TaxJar allows customers to file their sales taxes manually or through their AutoFile feature. In the purpose of this article, we’ll take a look into 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 team to complete everything on time. TaxJar is only there to guide you on what you have to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. With this feature, everything is automated, from calculating taxes on sales in order to record and process it. There could be additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting woes. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. From there, you and your team will have access to all the information you need, like a list of your transactions, reports, and information.
The most appealing aspect of this option is the fact that they allow you to automatically update every day. They not only let to know the amount you’ve collected however, they can also help you track when your following payment is due.
Their dashboard can also allow you to fully view the overall sales taxes in your business. Additionally, you can export the information in CSV format. CSV file in case you require it in your financial planning and accounting processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. That means you won’t have to hunt for your paperwork when you’re when you’re in a pinch. Even if you already have your accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your funds better. You’ll know better how much budget you have to cover other operating costs.
What’s more is that TaxJar provides training and tutorials, not just for their platform , but also everything that has to do with sales tax. You can check out their guides, webinars, and blog for more details. In addition their sales tax calculator should be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing capabilities, but they’re often too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing tiers and the features that each of these options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. The company claims that it’s the most effective plan for those who need assistance with filing requirements and reporting. It comes with taxes on sales and sales as well as four autofiles for free each year, and the option of a CSV import. Even with the starter plan, you will be able to access their AI tax advice.
If you’re a small-scale business manager, the plan will be perfect for you. It may not offer all the features offered by TaxJar, but it has the essentials that you need.
You can also contact their customer support via their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for a bit more than just the basics Professional could be the one for you. The price starts at $99 but you can increase it when you add additional features.
So how different is it from the original plan?
In addition to accessing all of the Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you own a huge enterprise, you may want to choose the Premium plan instead. It comes with all the features you need to make your tax filing easier. Additionally, they permit unlimited data import integrations API integrations, team users as well as AutoFiles.
They also have a team who are devoted for managing the account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Florida Counties With 2.5 Sales Tax
But they did state that this plan is customized for each user. The cost of the plan will be different according to what you require to run your business.
It’s a good thing that you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still looking into different options, they offer a 30-day free trial. This should be enough time to determine if the platform is the right choice for you.
Pros and Pros and
After we’ve gone over everything you need to know about TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of using TaxJar for your company.
- There is the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online 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.
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only valid for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid out, TaxJar can be a great platform businesses with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then must try TaxJar.
It’s not just a way to help you track your revenue and products, but it can assist you in meeting your deadlines. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. You can get tips and gain knowledge from their workshops about taxes through it.
Utilizing TaxJar can help you reduce time and keep track of every deadline and obligation you have to fulfill. If you’re in an area with complex tax laws, this can certainly help you to get your mind around it. TaxJar Florida Counties With 2.5 Sales Tax
But if handling taxes is easy, then TaxJar could be a waste of investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track everything. If you find the whole process easy to do then you’re better off doing it on your own.
FAQ TaxJar Florida Counties With 2.5 Sales Tax
Which areas does TaxJar provide API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it to US$ before TaxJar determines the tax.