Taxes have always been one of the most difficult things to handle regardless of whether you run an enterprise or not. Even more so if you do not have a degree in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is full of things to be done. If you don’t have the budget to employ an accountant, doing it on yourself can be dangerous. If you make a mistake it could mean you have to redo things again!
Almost everyone wants to avoid this step. But since it’s required to be done, we can’t choose not to.
So , what is the best way to deal with it?
We can make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving device and how it can benefit you. Although this is quite an extensive read, you should be able to gauge whether TaxJar is exactly what you need right now.
Prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
If you prefer to read, then we’ll dive right into.
What exactly is TaxJar? TaxJar For Cscart
The company was founded in 2013 TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all of your channels of sales to ensure compliance with your sales taxes. It simplifies the processes that require days to complete and can be completed in a matter of only a few minutes.
TaxJar has been used in various industries like 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 ensure that everything is simple and organized. Let’s look into their features and services.
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Services and features
Integration
One of the most important things you’ll need to make sure is your tax-reporting software perfectly integrates with your sales channel. If you have multiple sales channels, you need to keep everything in place. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your critical data in one location. This means that there is no need to gather information from multiple sources and sort it into a single platform. All you need to do is connect TaxJar it will handle the rest.
In addition, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar allows clients to submit their sales tax either manually or via their AutoFile feature. In this review, we’ll dig into both.
If you opt to do it manually, TaxJar will allow you to connect your sales platforms. When the time is right for the filing of income tax returns The team will guide you on managing these. It is up for you and your team to complete everything on time. TaxJar is there to provide guidance on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. Through this feature, everything will be automated, from calculating taxes on sales through recording, and then processing it. But, it is possible to incur additional charges if they are not part of the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease 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 team can access everything you need, like an inventory of your transactions, reports, as well as data.
The best part about this feature is that it allows you to update automatically every day. Not only can they help to know the amount you’ve collected however, they can also help you determine when your next payments are due.
Their dashboard also allows you to see the total sales tax for your business. It is also possible to export the information as the form of a CSV file in case you require it in your accounting and financial planning 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. This means that you don’t have to hunt for your paperwork when you’re when you’re in a pinch. Even if you already have your accountant, this function will make them more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your funds better. You’ll know exactly how much budget you have to cover other operating costs.
The best part is that TaxJar offers training and tutorials not only for their platform but everything that has to do with sales tax. Check out their guides, webinars, as well as their blog to find more information. Additionally their sales tax calculator is useful if you’re planning to complete everything yourself.
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How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms offer superb features, but they can be too expensive for businesses. For this reason we’ll take a look at TaxJar’s pricing tiers and what each of those options can offer you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. The company claims that it’s the most effective plan for those who need assistance in filing and reporting. It includes taxes on sales and sales as well as four free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale company owner, this plan will be perfect for you. It may not offer all the features offered by TaxJar but it comes with the essentials that you need.
You can also contact their support team with their email support chart. You’ll also be able to use their integration tools.
Professional
If you’re looking for a bit more than just the basic features and options, then the Professional plan may be the best option for you. The price starts at $99 however, it could go up 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 Access to APIs, phone support, and advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you own a huge enterprise, you may want to go for an upgrade instead. It includes all of the features that you require to make your tax filing easier. Moreover, they allow unlimited integrations with data imports as well as API integrationsfor team members, and AutoFiles.
There is also a team dedicated for managing the account. But, they don’t divulge the price of the Premium plan. costs you. TaxJar For Cscart
However, they did say that this plan is customized for each user. The cost of the plan will be different depending on what you need for your business.
Free Trial
Luckily, you don’t have to gamble your money just to determine if this service is for you. If you’re still considering other options, they have a 30-day free trial. This should be enough time to gauge if the platform is the right choice for you.
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Pros and Pros and
Now that we’ve covered all you should know about TaxJar let’s take a breather. To summarize Here are the advantages and disadvantages of the use of TaxJar for your company.
Pros
- There is 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
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- 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 be able to access the API feature
- Only valid for USA customers.
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies with many sales channels and utilizes numerous platforms. If that’s what you’re doing, then ought to try this.
Not only can it help you track the sales and profits of your business It can also help you meet your deadlines. This is also an excellent platform for an accountant since they offer the Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
The use of TaxJar will help you get more done while keeping on top of each deadline and requirement you have to meet. If you’re in an area with complex tax laws, this will definitely help you get your head around the subject. TaxJar For Cscart
If handling taxes is easy, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. If you find the whole process easy to do and you’re comfortable with it, you may be better in doing it all on your own.
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FAQ TaxJar For Cscart
Which areas does TaxJar provide API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions’ amounts are in US$. If you’re using a different currency, you’ll have to convert it into US$ before TaxJar can calculate your tax.
