Taxes have always been among the most difficult tasks to complete, whether you’re running an enterprise or not. Particularly if you don’t have any experience in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re full of things to be done. When you’re not able to afford the budget to engage an accountant performing the task on your own can be risky. If you overlook one thing it could mean you need to repeat the process!
Almost everyone wants to avoid this step. However, since it’s mandatory, we have no choice.
So what can we do ?
It is always possible to make our lives easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. Even though this is lengthy, you should be able to gauge whether TaxJar is exactly what you need today.
Are you looking video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, let’s dive right in.
What is TaxJar TaxJar Georgia
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it across all of your sales channels to make sure you’re in compliance with sales taxes. It makes the process simpler that could can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to keep everything neat and simple. Let’s take a look at the features and services offered by TaxJar.
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Features and services
Integration
One of the first things you’ll want to check is that your accounting tax platform seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you need to ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your key data in one location. That way, there’s no requirement to collect data in multiple channels and organize it into a single platform. All you have to do is to integrate TaxJar it will take care of the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar lets customers make sales tax filings manually or through the AutoFile feature. For the purpose of this article, we’ll dig into both.
If you choose to go it alone, TaxJar will allow you to connect all of those sales tools. When it comes time to filing tax returns for income TaxJar will train you on how to handle the tax returns. But, it is up for you and your staff to complete everything on time. TaxJar is there to guide you on what you have to do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. This feature will ensure that everything is automated, from calculating sales taxes through recording, and then processing them. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting woes. All orders made through your e-commerce channels can be put together into a single dashboard through this platform. Once you’re on the platform, you and your team will have access to everything you require, including an inventory of your transactions, reports and information.
The most appealing aspect of this feature is that they allow you to update your account automatically each day. Not only can they help you know how much you’ve accumulated however, they can also help you determine when your next payments are due.
Their dashboard can also allow you to fully view the total sales tax in your business. Additionally, you can export the information to CSV format. CSV file in case you require it for your financial planning and accounting processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all the sales avenues you use. That means you won’t have to hunt for your paperwork whenever you’re in a pinch. Even when you already have your accountant, this feature will make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll be aware of the budget you have to cover other operational expenses.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just on their platform, but all things that has to do with sales tax. You can look through their guides, webinars, as well as their blog to find more details. Additionally their sales tax calculator can be helpful if you’re planning on do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing 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 these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan is priced at $19. The company claims that it’s the most suitable plan for you for those who need assistance with filing requirements and reporting. It comes with the tax on sales, 4 free yearly AutoFiles, and a CSV import. Even with the basic plan, you can access their AI tax advice.
If you’re a smaller company owner, this plan should be ideal for you. It might not include all the features offered by TaxJar, but it has all the basics you require.
You can also contact their support team with their support chart for email. You’ll also have access to their integration tools.
Professional
If you’re looking for different from the basic features, then the Professional plan might be the right one for you. It’s priced at $99 but it can go higher if you add custom features.
So how different is it from the basic plan?
In addition to accessing each of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
Premium
If you own a huge company, you may need to choose the Premium plan instead. It has all of the features that you require to help with your taxes. Additionally, they permit unlimited data import integrations, API integrationsfor team users, and AutoFiles.
They also have a staff who are devoted to managing your account. But, they don’t divulge how much the Premium plan costs you. TaxJar Georgia
However, they did say that the plan is custom-made to each user. Therefore, the cost will differ depending on what you need to run your business.
Free Trial
It’s a good thing that you don’t have to risk your money to see if this platform is right for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. This should give you enough time to see if the platform is a good fit for you.
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Pros and Cons
After we’ve gone over everything you must know about TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over the pros and cons of making use of TaxJar for your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it 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.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then you should try this.
Not only can it help you track your products and revenue however, it will assist you in meeting your deadlines. It’s also an excellent platform for an accountant since they offer the Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Using TaxJar will help you reduce time and keep track of every deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this can certainly help you to get your head around the subject. TaxJar Georgia
But if handling your taxes is straightforward, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. If you find the entire process easy to do and you’re comfortable with it, you may be better to do it on your own.
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FAQ TaxJar Georgia
What are the areas in which TaxJar offer API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transaction amounts are n US$. If you’re using another currency, you will need to convert it to US$ prior to when TaxJar can calculate your tax.
