Taxes have always been among the most difficult tasks to complete regardless of whether you’re running your own business or not. Even more so if you do not have any experience in finance or accounting. Tax-related issues can be overwhelming, especially when you’re full of things to be done. In the event that you do not have the budget to employ an accountant, making it your own could be risky. If you overlook one thing, you might need to repeat the process!
Most people want to skip this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what can we do ?
We can always make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can help you. Even though this is an extensive read but you’ll be able to determine if TaxJar is the tool you require today.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
For those who like to read, we’ll dive right into.
What is TaxJar TaxJar Florida Sales Tax Digital Sales
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. It is a solution for your entire sales tax life cycle. Additionally, you can use it across all of the sales channels you use to make sure you’re in compliance with sales taxes. 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 a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to ensure that everything is neat and simple. Let’s look into their features and services.
Features and services
One of the most important things you’ll need to ensure is that your accounting tax platform seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, you must keep everything in place. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your most important metrics in one spot. So, there’s no need to collect information from multiple sources and then organize it on a single platform. All you have to do is integrate TaxJar then the system will take care of the rest.
Other than that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of platforms they can integrate with:
TaxJar lets customers make sales tax filings either manually or via TaxJar’s AutoFile feature. For our review we’ll take a look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all those sales tools. Once the time comes for the filing of income tax returns The team will guide you on managing them. It is up for you and your team members to finish the tax returns on time. TaxJar is there to guide you 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 don’t have to fill out any forms manually. With this feature, everything will be automated from calculating sales tax in order to record and process it. However, there might be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be combined into one dashboard using this platform. Once you’re on the platform you and your team can access everything you need, like a list of your transactions, reports and data.
The most appealing aspect of the feature you’ve chosen is they allow you to update your account automatically each day. Not only can they help to know the amount you’ve earned and how much you’ve earned, but they also let you determine when your next payments are due.
Their dashboard also allows you to see the total sales tax within your company. Additionally, you can export the data as a CSV file if you need it to aid in financial planning and accounting processes or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep the track of all your sales channels. This means that you don’t have to search 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.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds better. You’ll know better how much budget you have available for other operational expenses.
The best part is that TaxJar provides training and tutorials not only for their platform , but also all things that has to do with sales tax. You can check out their guides, webinars, and blog for more info. Apart from that the sales tax calculator is helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. The company claims that it’s the best plan to help you with filing requirements and reporting. It includes the tax on sales, 4 free yearly AutoFiles, and an CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a small-scale company owner, this plan should be perfect for you. It may not offer all the features offered by TaxJar however, it does include the essentials that you need.
Additionally, you can contact their support team with their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking for something a bit more than just the basic features Professional might be the right one for you. It’s priced at $99 but it can go higher when you add additional features.
What is the difference from the original plan?
In addition to accessing every one of Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
If you run a large business, you might need to opt for an upgrade instead. It includes all of the features needed to make your tax filing easier. Additionally, they permit unlimited data import integrations API integrationsfor team users as well as AutoFiles.
They also have a staff dedicated in managing your accounts. They don’t reveal the price of the Premium plan. costs you. TaxJar Florida Sales Tax Digital Sales
However, they did mention that this plan is customized to each user. The cost of the plan will be different in line with what you require for your company.
Luckily, you don’t have to gamble your money just to see if this platform is for you. If you’re still considering other options, they have a 30-day free trial. This should be enough time to determine whether the service is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you must be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the pros and cons of the use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Has support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms
- You can track several sales channels
- Limits on AutoFile are determined by 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 check local legislation
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies with many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then should try this.
Not only can it assist you in keeping track of your revenue and products It can help you meet your deadlines. It is also a great platform for an accountant since they offer a Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
Using TaxJar can allow you to get more done while keeping track of every deadline or requirement you need to fulfill. If you live in an area with complex tax laws, this will surely help you wrap your head around it. TaxJar Florida Sales Tax Digital Sales
But if handling your taxes is simple, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. If you find the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar Florida Sales Tax Digital Sales
What areas does TaxJar provide API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions are in US$. If you’re using a different currency, you’ll have to convert it into USdollars prior to when TaxJar determines your tax.