TaxJar For Past Due Sales Tax

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Taxes are always one of the most difficult things to handle, whether you’re running an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is full of things to be done. If you don’t have the budget to employ an accountant, making it your own could be dangerous. If you make a mistake it could mean you have to redo things again!

Nearly everyone would prefer to avoid this step. But since it’s required, we have no choice.

So , what can we do ?

We can always make our lives easier by using tools like TaxJar.

We’ll look at this well-known life-saving tool and explain how it can help you. Although this is quite a long read, you should be able to gauge whether TaxJar is the tool you require right now.

Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.

For those who like to read, then we’ll dive right into.

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What is TaxJar? TaxJar For Past Due Sales Tax

Founded in 2013, TaxJar is an application that automatizes your filings, reports, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all of your sales channels to ensure that you are in compliance with your sales taxes. It simplifies the processes that can take days to complete, and finish within only a few minutes.

TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.

How can this help you?

TaxJar is widely used by online business owners to keep everything simple and organized. Let’s look into the benefits and features of TaxJar.

TaxJar For Past Due Sales Tax

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Features and services

Integration

One of the first things you’ll need to make sure is that your accounting tax software is compatible in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to keep everything in place. The last thing you want is to get a penalty for missing a single minor point.

TaxJar allows you to show your critical metrics in one place. So, there’s no requirement to collect data in multiple channels and organize it into a single platform. All you have to do is connect TaxJar and the platform will do 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 they are able to integrate with:

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

Filing

TaxJar lets customers file their sales taxes by hand or using their AutoFile feature. In our review we’ll dig at both.

If you decide to go it alone, TaxJar will allow you to connect the sales channels you use. When it comes time to filing tax returns for income TaxJar will train you on how to manage them. It is up for you and your staff to finish the tax returns on time. TaxJar is only there to provide guidance on what you need to do , but not to handle it.

If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. This feature will ensure that everything is automated, from calculating sales taxes to recording and processing them. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you choose.

Sales Tax Reports

As I mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be put together into a single dashboard through this platform. From there, you and your team will have access to everything you need, such as an inventory of your transactions, reports, as well as information.

The most appealing aspect of this feature is that it lets you to automatically update every day. Not only will they let you keep track of how much you’ve accumulated however, they can also help you determine when your next payments are due.

Their dashboard also allows you to fully view the total sales tax in your business. It is also possible to export your data to CSV format. CSV file in case you require it to aid in process of financial planning and accounting or if your team needs it for centralized reporting.

Streamlining and Training

TaxJar assists in organizing and keeping on top of all your sales channels. It means you don’t need to search for your documents whenever you’re when you’re in a pinch. Even when you already have your accountant, this function will make them more efficient.

Furthermore, knowing the estimated amount for your sales tax in advance can help you allocate your funds better. You’ll know exactly how much budget you have available for other operational expenses.

The best part is that TaxJar offers training and tutorials, not just for their platform , but also all things related to sales tax. Check out their webinars, guides, as well as their blog to find more details. Apart from that 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 provide amazing features, but they can be too costly for the business you run. This is why in this section we’ll take a look at TaxJar’s pricing structures and the features that each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.

Starter

The Starter plan costs $19. They say it’s the most suitable plan for you if you need help with filing requirements and reporting. It comes with sales tax reporting, four annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you will be able to access their AI tax recommendations.

If you’re a smaller business proprietor, then this program should be ideal for you. It may not offer all the features of TaxJar, but it has all the basics you require.

In addition, you can reach their customer support via their support chart for email. You’ll also be able to use their integration capabilities.

Professional

If you’re looking for that is more than the standard features, then the Professional plan may be the best option for you. It’s priced at $99 but it can go higher if you add custom features.

What is the difference from the original plan?

In addition to having access to all of the Starter plan’s features, you also have the support of their customer service via phone access to APIs, as well as advanced CSV import. You can also get 12 AutoFiles for free each year.

Premium

If you run a large enterprise, you may want to go for an upgrade instead. It has all of the features needed to make your tax filing easier. In addition, they offer unlimited data import integrations API integrations, team users, and AutoFiles.

They also have a staff dedicated for managing the account. But, they don’t divulge the amount that the Premium plan is going to cost. TaxJar For Past Due Sales Tax

However, they did mention that the plan is custom-made for each user. The cost of the plan will be different according to what you require for your company.

Free Trial

Fortunately, you don’t need to gamble your money just to determine if this service is for you. If you’re still considering various options, they provide a 30-day free trial. This should be enough time to determine whether the software is the right choice for you.

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Pros and Cons

We’ve covered everything you must be aware of TaxJar let’s take a breather. In order to sum up the whole thing, here are the advantages and disadvantages of making use of TaxJar for your business.

Pros

  • Has a Tax Advisor option for some plans
  • AutoFile features can help you save time
  • Available in most USA states
  • Offers on the internet for sales tax calculator
  • Support service team
  • The dashboard is easy to navigate
  • The company offers a 30-day trial for free.
  • It is able to be integrated with other platforms
  • It allows you to monitor multiple sales channels

Cons

  • Limits on AutoFile are determined by the plan
  • AutoFile has extra fees
  • Certain countries will not be able to access the API feature
  • Only applicable for USA customers.
  • Needs accountants and owners to review local laws

The Final Verdict

With everything clearly laid out TaxJar provides a fantastic platform to companies that have many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then you should try this.

It’s not just a way to assist you in keeping track of your products and revenue, but it can help you meet the deadlines you set. This is also an excellent platform for an accountant since they provide tax Advisor program. You can get tips and learn from their sessions on taxes by using it.

Using TaxJar can help you reduce time and keep on top of each deadline or requirement you need to meet. If you live in a place with complicated tax laws, this can surely help you wrap your head around the subject. TaxJar For Past Due Sales Tax

But if handling your taxes is simple If it isn’t, then TaxJar might not be a good expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire procedure simple to follow, you might be better in doing it all by yourself.

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FAQ TaxJar For Past Due Sales Tax

What areas does TaxJar offer API assistance?

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

Do I have the ability to incorporate Shopify with TaxJar?

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

Are there any ways to exchange one type of currency using TaxJar?

Unfortunately, no. TaxJar cannot convert currencies. All of the transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it to USUSD before TaxJar will calculate the tax.

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