Taxes have always been one of the most difficult things to handle, whether you’re running a business or not. More so if you don’t have a degree in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. If you don’t have the funds to hire an accountant, making it yourself can be dangerous. If you make a mistake and you don’t know it, you may have to do it all over again!
Most people want to skip this step. However, since it’s mandatory and mandatory, there’s no other choice.
So what can we do ?
We can always make life easier by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can assist you. Although this is quite lengthy it is possible to determine if TaxJar is what you need today.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What is TaxJar? TaxJar For Squarespace Cost
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. In addition, you can apply it across all your sales channels to ensure compliance with your sales taxes. It streamlines processes that take days to complete and can be completed in a matter of just a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is used extensively by online business owners to keep everything organized and straightforward. Let’s look into the benefits and features of TaxJar.
Services and features
One of the first things you’ll need to make sure is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to maintain everything in line. 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 metrics in one spot. That way, there’s no need to gather data in multiple channels and then organize it on a single platform. All you need to do is connect TaxJar, it will handle all the rest.
Other than that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows clients to submit their sales tax by hand or using the AutoFile feature. For this review, we’ll take a look at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of your sales platforms. When the time is right for the filing of income tax returns TaxJar will train you on how to handle them. However, it will be up to you and your staff to finish the tax returns within the timeframe. TaxJar is there to help you understand what you should accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit the forms in a manual manner. Through this feature, everything will be automated, from calculating sales tax to recording and processing it. But, it is possible to incur additional charges if they are not included in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting issues. The orders you place through your online channels can be put together into a single dashboard via this platform. Once you’re on the platform you and your staff will have access to everything you need, like the list of transactions, reports and data.
The most appealing aspect of the feature you’ve chosen is it lets you to update your account automatically each day. They not only let you know how much you’ve accumulated however, they can also help you keep track of when the next payments are due.
The dashboard allows you to fully view the overall sales taxes in your business. You can also export your data in CSV format. CSV file if you need it to aid in financial planning and accounting processes or if you require it for central reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of the sales avenues you use. This means that you don’t have to search for your documents whenever you’re when you’re in a pinch. Even if you already have your accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have available for other operating costs.
The best part is that TaxJar provides training and tutorials and tutorials, not just on their platform, but everything that has to do with sales tax. You can check out their guides, webinars, as well as their blog to find more information. Additionally their sales tax calculator can be useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too costly for the business you run. For this reason we’ll examine TaxJar’s pricing tiers and what each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan starts at $19. The company claims that it’s the most effective plan if you need help in filing and reporting. It also includes the tax on sales, 4 autofiles for free each year, and a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small-scale company proprietor, then this program should be perfect for you. It might not include all of TaxJar’s features, but it has all the basics you require.
In addition, you can reach their customer support via their email support chart. You’ll also have access to their integration tools.
If you’re looking to get that is more than the standard features and options, then the Professional plan could be the one for you. The price starts at $99 however, it could go up by adding custom features.
What is the difference from the original plan?
In addition to having access to every one of Starter plan’s options, you also have access to their phone customer support Access to APIs, phone support, and sophisticated CSV import. You can also get 12 AutoFiles for free each year.
If you have a massive business, you might need to go for an upgrade instead. It has all of the features you need to aid in your tax preparation. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of users as well as AutoFiles.
There is also a team dedicated for managing the account. However, they don’t disclose how much the Premium plan will cost you. TaxJar For Squarespace Cost
However, they did mention that this plan is tailor-fit for each user. Therefore, the cost will differ according to what you require to run your business.
It’s a good thing that you don’t have to risk your money to determine if this service is the right one for you. If you’re still looking into other options, they have 30 days of free trial. This should give you enough time to see if the platform is an excellent fit for you.
Pros and Cons
Now that we’ve covered all you should be aware of TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of making use of TaxJar for your business.
- Has a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable for USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies with numerous sales channels, and that utilizes many 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 It can assist you in meeting the deadlines you set. This is also an excellent platform for an accountant since they provide a Tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
Utilizing TaxJar can help you get more done while keeping track of every deadline and requirement you have to fulfill. If you’re in an area with complex tax regulations, this will certainly help you to get your head around the subject. TaxJar For Squarespace Cost
But if handling your taxes is straightforward and straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track everything. In addition, if you’re finding the entire process easy to do then you’re better off doing it on your own.
FAQ TaxJar For Squarespace Cost
Which areas does TaxJar provide API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transactions are in US$. If you’re using a different currency, you’ll need to convert it into USUSD before TaxJar determines your tax.