Taxes have always been one of the hardest things to do, whether you’re running a business or not. Even more so if you do not have a background in finance or accounting. Tax-related issues can be overwhelming, particularly when your whole day is full of things to be done. In the event that you do not have the funds to engage an accountant performing the task on your own could be dangerous. If you make a mistake it could mean you have to do it all over again!
Most people want to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
So , what can we do about it?
We can make life easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. Although this is quite lengthy but you’ll be able to determine if TaxJar is exactly what you need right now.
Prefer to watch videos instead? Take a look at 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, let’s get right into it.
What exactly is TaxJar? TaxJar Georgia Filing
The company was founded in 2013 TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it across all the sales channels you use to ensure that you are in compliance with sales taxes. It makes the process simpler that could require days to complete and is completed in just a few only a few minutes.
TaxJar has been 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 make their business more neat and simple. Let’s take a look at their features and services.
Features and services
One of the most important things you’ll need to make sure is that your accounting tax software is compatible along with sales funnels. If you’re selling through multiple channels, it is essential to maintain everything in line. The most important thing is not to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your most important metrics in one spot. That way, there’s no need to collect data in multiple channels and then organize it on a single platform. All you need to do is integrate TaxJar it will handle all the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to file their sales taxes by hand or using their AutoFile feature. In this review, we’ll dig into both.
If you choose to go it alone, TaxJar will allow you to connect all the sales channels you use. When the time is right for filing income tax returns The team will guide you on how to handle them. It is up to you and your team to complete everything within the timeframe. TaxJar is there to provide guidance on what you need to do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. Through this feature, everything is automated, from calculating sales taxes through recording, and then processing them. But, it is possible to incur additional charges if they are not included in the plan you select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting woes. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. From there you and your team can access everything you need, such as a list of your transactions, reports, and data.
The greatest benefit of the feature you’ve chosen is they allow you to update automatically every day. Not only can they help you know how much you’ve accumulated however, they can also help you keep track of when the next payment is due.
Their dashboard also allows you to see the overall sales taxes within your company. You can also export the data in CSV format. CSV file, if you want to use it for your financial planning and accounting processes or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the sales avenues you use. It means you don’t need to search for your documents when you’re in a pinch. Even if you already have your accountant, this function can help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have for other operational costs.
But what’s even better is that TaxJar provides training and tutorials, not just for their platform , but also for anything connected to sales tax. Check out their webinars, guides and blog for more details. Apart from that their sales tax calculator is useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We understand how important it is to establish your budget. Some platforms offer superb features, but they can be too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing tiers and what each of those options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan starts at $19. They claim that it’s the most suitable plan for you to help you with filing requirements or reporting. It includes taxes on sales and sales as well as 4 autofiles for free each year, and an CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a small company manager, the plan will be perfect for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also have access to their integration tools.
If you’re looking for that is more than the basics Professional could be the one for you. It’s priced at $99 but you can increase it if you add custom features.
How different is it from the starter plan?
In addition to having access to every one of Starter plan’s options, you also have access to their support via phone, API access, and sophisticated CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you have a massive business, you might need to go for premium plans instead. It comes with all the features that you require to make your tax filing easier. Moreover, they allow unlimited integrations with data imports, Integrations with APIs, teams of members as well as AutoFiles.
They also have a team that is devoted to managing your account. They don’t reveal the amount that the Premium plan is going to cost. TaxJar Georgia Filing
However, they did say that this plan is customized to each user. So the costs will vary according to what you require for your company.
Luckily, you don’t have to gamble your money just to see if this platform is the right one for you. If you’re still looking into other options, they have a 30-day free trial. This should give you enough time to gauge whether the service is a good fit for you.
Pros and Pros and
After we’ve gone over everything you need to know about TaxJar let’s take a break. In order to sum up the whole thing, here are the pros and cons of making use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides an online sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have many sales channels and utilizes many platforms. If that sounds like what you do, then you should try this.
Not only can it aid in tracking the sales and profits of your business It can also help you meet your deadlines. It is also a great opportunity for accountants since they offer tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.
Using TaxJar will help you reduce time and keep track of every deadline and obligation you have to meet. If you live in a place with complicated tax laws, this will definitely help you get your mind around it. TaxJar Georgia Filing
If handling taxes is easy and straightforward, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. In addition, if you find the entire process easy to do and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar Georgia Filing
What areas does TaxJar provide API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transactions’ amounts are in US$. If you’re using another currency, you will need to convert it to USdollars prior to when TaxJar will calculate your tax.