TaxJar For Accountants

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Taxes have always been among the hardest things to do, whether you’re running an enterprise or not. More so if you don’t have a degree in finance or accounting. 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, making it your own could be risky. If you overlook one thing, you might have to redo things again!

Most people want to skip this step. But since it’s required, we have no choice.

So , what can we do about it?

We can always simplify our lives by using tools like TaxJar.

This article will take a look at this well-known life-saving tool and how it can assist you. While this is lengthy, you should be able to determine if TaxJar is what you need in the present.

Do you prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.

But for those who prefer to read, we’ll dive right into.

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What exactly is TaxJar? TaxJar For Accountants

In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. Additionally, you can use it across all your channels of sales to make sure you’re in compliance with your sales taxes. It streamlines processes that take days to complete and finish within minutes.

TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.

How can it help you?

TaxJar is used extensively by owners of online businesses to keep everything simple and organized. Let’s explore the features and services offered by TaxJar.

TaxJar For Accountants

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Features and services

Integration

One of the first things you’ll want to check is your tax-reporting platform is compatible with your sales channel. If you’re selling through multiple channels, it is essential to ensure that everything is in order. The most important thing is not to get a penalty for overlooking just one minor detail.

TaxJar allows you to display your critical metrics in one spot. So, there’s no need to collect data in multiple channels and sort it into one platform. All you need to do is connect TaxJar then the system will handle the rest.

Apart from that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of the platforms they are able to integrate with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows clients to make sales tax filings manually or through TaxJar’s AutoFile feature. In this review, we’ll look at both.

If you decide to manually file your tax returns, TaxJar will allow you to connect your sales platforms. Once the time comes for filing income tax returns The team will guide you on how to manage the tax returns. But, it is up for you and your team to complete the process on time. TaxJar is there to guide you on what you have to do but not handle it.

If you 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. Through this feature, everything is automated, from calculating taxes on sales to recording and processing it. There could be additional charges if they are not part of the plan you select.

Sales Tax Reports

As I mentioned earlier that you can utilize TaxJar to assist you with your accounting woes. 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 everything you require, including an inventory of your transactions, reports, as well as the data.

The best part about the feature you’ve chosen is it lets you to automatically update every day. Not only can they help you know how much you’ve accumulated and how much you’ve earned, but they also let you track when your following payments are due.

Their dashboard also allows you to see the overall sales taxes in your business. You can also export your data in CSV format. CSV file, if you want to use it for your accounting and financial planning processes or if you require it for central reporting.

Training and Streamlining

TaxJar helps organize and keep on top of all your sales channels. This means that you don’t have to search for your documents when you’re when you’re 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 can help you allocate your funds better. You’ll be aware of the budget you have to cover other operating expenses.

The best part is that TaxJar offers tutorials and training, not just for their platform but for anything that has to do with sales tax. You can look through their webinars, guides, or blog posts for additional info. In addition the sales tax calculator can be helpful if you’re planning on do everything on your own.

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How much does TaxJar cost?

We are aware of how important it is to determine your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing structures and what each of those plans can offer. At present, TaxJar offers three plans: Starter, Professional, and Premium.

Starter

The Starter plan costs $19. They say it’s the most effective plan for those who need assistance in filing and reporting. It includes the tax on sales, 4 annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you have access to their AI tax advice.

If you’re a small-scale business proprietor, then this program could be perfect for you. It may not have all the features offered by TaxJar however, it does include the essentials that you need.

Additionally, you can contact the support team via their support chart for email. Additionally, you’ll have access to their integration capabilities.

Professional

If you’re looking for something different from the basic features Professional might be the right one for you. It starts at $99, but you can increase it if you add custom features.

So how different is it from the basic plan?

In addition to accessing each of Starter plan’s options, you also have access to the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. You can also receive 12 free AutoFiles every year.

Premium

If you run a large company, you may need to opt for an upgrade instead. It has all of the features that you require to help with your taxes. Additionally, they permit unlimited data import integrations, API integrations, team members and AutoFiles.

They also have a staff that is devoted for managing the account. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar For Accountants

But they did state that the plan is custom-made for each user. The cost of the plan will be different according to what you require 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 right for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. This should give you enough time to see whether the software is a good fit for you.

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Pros and Pros and

Now that we’ve covered all you must know about TaxJar let’s take a breather. To sum it all up we’ll go over the advantages and disadvantages of making use of TaxJar for your business.

Pros

  • Does the plan include the Tax Advisor option for some plans
  • AutoFile features help to reduce time
  • Available in most USA states
  • Provides Taxes on sales online calculator.
  • Support service team
  • The dashboard is easy to navigate
  • It offers a free trial of 30 days.
  • It is able to be integrated with other platforms.
  • Allows you to track multiple sales channels

Cons

  • AutoFile limit is based on the plan
  • AutoFile has extra fees
  • Certain countries will not have access to the API feature
  • Only applicable to USA customers
  • It is important for owners and accountants to review local laws

The Final Verdict

With everything clearly laid out TaxJar can be a great platform companies that have many sales channels and utilizes numerous platforms. If that sounds like what you’re doing, then should try this.

It’s not just a way to aid in tracking your revenue and products, but it can help you meet the deadlines you set. It’s also an excellent opportunity for accountants since they have the Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.

The use of TaxJar can allow you to get more done while keeping track of every deadline or requirement you need to fulfill. If you’re living in an area with complex tax laws, this will surely help you wrap your mind around it. TaxJar For Accountants

However, if managing your taxes is straightforward, 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 everything. In addition, if you find the whole procedure simple to follow, you might be better off doing it on your own.

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FAQ TaxJar For Accountants

What are the areas in which TaxJar provide API assistance?

TaxJar currently supports countries like the United States, the EU, Australia, and Canada.

Can I connect Shopify into TaxJar?

Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.

Can I convert any type of currency using TaxJar?

Unfortunately, no. TaxJar doesn’t convert currency values. All transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it into USUSD before TaxJar determines your tax.

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