Taxes are always one of the most difficult things to handle regardless of whether you’re running your own business or not. Even more so if you do not have a degree in finance or accounting. Tax-related issues can be overwhelming, especially when you’re packed with things to do. When you’re not able to afford the funds to hire an accountant, doing it on your own can be risky. If you overlook one thing, you might have to redo things again!
Almost everyone wants 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 simplify our lives with tools such as TaxJar.
This article will take a look at this well-known life-saving device and how it can help you. Even though this is a long read but you’ll be able to assess whether TaxJar is exactly what you need in the present.
Do you prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar? TaxJar Georgia Sales Tax
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculations. It is a solution for the entire life cycle. In addition, you can apply it across all the sales channels you use to ensure compliance with your sales taxes. It makes the process simpler that could take days to complete and is completed in just a few just a few minutes.
TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is extensively used by online business owners to keep everything neat and simple. Let’s look into their features and services.
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Services and features
Integration
One of the first things you’ll want to check you have a tax accounting platform is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, you must keep everything in place. The final thing you would like is to face a penalty due to missing a single minor point.
TaxJar allows you to show your key data in one location. That way, there’s no requirement to collect information from multiple sources and sort it into a single platform. All you need to do is connect TaxJar and the platform will take care of all the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of platforms they can integrate with:
Filing
TaxJar allows clients to submit their sales tax by hand or using TaxJar’s AutoFile feature. In the purpose of this article, we’ll dig into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. Once the time comes for the filing of income tax returns The team will guide you on managing them. It is up for you and your team to finish the tax returns within the timeframe. TaxJar is there to provide guidance on what you should do but not 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. Through this feature, everything is automated, from calculating sales taxes through recording, and then processing it. There could be extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be put together into one dashboard using this platform. Once you’re on the platform you and your team will have access to all the information you require, including an inventory of your transactions, reports, and data.
The most appealing aspect of this option is the fact that it allows you to update your account automatically each day. Not only can they help you keep track of how much you’ve accumulated however, they can also help you determine when your next payment is due.
The dashboard allows users to view in detail the overall sales taxes within your company. It is also possible to export the data to CSV format. CSV file, if you want to use it to aid in accounting and financial planning processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all your sales channels. This means that you don’t have to hunt for your paperwork when you need them in the event of a need. Even if you already have your accounting firm, the feature will help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance can help you allocate your money more efficiently. 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 all things connected to sales tax. You can check out their webinars, guides, and blog for more information. In addition their sales tax calculator is useful if you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Certain platforms have amazing capabilities, but they’re often too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of those plans can offer. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan is priced at $19. The company claims that it’s the most effective plan to help you in filing and reporting. It also includes taxes on sales and sales as well as four autofiles for free each year, and an CSV import. Even with the basic plan, you will be able to access their AI tax advice.
If you’re a small-scale company manager, the plan should be perfect for you. It might not include all the features offered by TaxJar, but it has the essentials that you need.
You can also contact their support team with their support chart for email. You’ll also be able to use their integration tools.
Professional
If you’re looking for something that is more than the standard features, then the Professional plan could be the one for you. It starts at $99, but you can increase it if you add custom features.
How different is it from the starter 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 get 12 AutoFiles for free each year.
Premium
If you have a massive business, you might need to choose an upgrade instead. It has all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited import integrations of data, Integrations with APIs, teams of users as well as AutoFiles.
They also have a team that is devoted to managing your account. But, they don’t divulge how much the Premium plan costs you. TaxJar Georgia Sales Tax
However, they did mention that the plan is custom-made for every user. So the costs will vary in line with what you require for your company.
Free Trial
Fortunately, you don’t need to risk your money to find out if the platform is right for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. This should give you enough time to determine whether the service is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the advantages and disadvantages of the use of TaxJar to run your business.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- You can track several 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 valid for USA customers.
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to businesses with multiple sales channels and uses many platforms. If that sounds like what you do, then you should try this.
Not only can it aid in tracking your products and revenue It can also help you meet your deadlines. It’s also an excellent platform for an accountant since they provide tax Advisor program. There are tips to follow and get knowledge from their seminars regarding taxes via it.
Utilizing TaxJar can help you get more done while keeping track of every deadline or requirement you need to fulfill. If you’re living in a region with a lot of tax regulations, this will definitely help you get your head around the subject. TaxJar Georgia Sales Tax
If handling your taxes is straightforward and straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole process easy to do, you might be better in doing it all by yourself.
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FAQ TaxJar Georgia Sales Tax
Which areas does TaxJar provide API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions’ amounts are in USdollars. If you’re using a different currency, you will need to convert it to US$ before TaxJar will calculate your tax.
