Taxes have always been one of the hardest things to do regardless of whether you’re running a business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is filled with tasks to complete. If you don’t have the budget to hire an accountant, making it your own could be dangerous. If you overlook one thing and you don’t know it, you may have to redo things again!
Nearly everyone would prefer to avoid this step. But since it’s required to be done, we can’t choose not to.
What can we do ?
We can always make life easier with tools such as TaxJar.
We’ll look at this life-saving device and how it can assist you. Although this is quite lengthy, you should be able to gauge whether TaxJar is exactly what you need today.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar TaxJar How To File Sales Tax California
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Additionally, you can use it in all of your sales channels to ensure that you are 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 only a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is extensively used by online business owners to ensure that everything is simple and organized. Let’s look into the features and services offered by TaxJar.
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Services and features
Integration
One of the first things you’ll want to check is that your accounting tax system perfectly integrates with your sales channel. If you have multiple sales channels, you need to keep everything in place. The most important thing is not to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your critical metrics in one spot. That way, there’s no need to collect data in multiple channels and organize it into one platform. All you need to do is integrate TaxJar then the system will handle the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of the platforms that they can connect with:
Filing
TaxJar allows clients to file their sales taxes either manually or via the AutoFile feature. In the purpose of this article, we’ll look at both.
If you choose to do it manually, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing tax returns for income TaxJar will train you on managing the tax returns. It is up for you and your staff to complete everything within the timeframe. TaxJar is only there to provide guidance on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out all forms by hand. This feature will ensure that everything will be automated, from calculating sales taxes to recording and processing them. However, there might be additional charges if they are not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your team will have access to all the information you need, such as an inventory of your transactions, reports, and the data.
The most appealing aspect of this feature is that it allows you to update automatically every day. Not only will they let you keep track of how much you’ve accumulated, but they also help you keep track of when the next payment is due.
The dashboard allows users to view in detail the sales tax totals within your company. Additionally, you can export the information in CSV format. CSV file, if you want to use it for your process of financial planning and accounting or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the channels you sell through. That means you won’t have to scramble for your documents when you need them when you’re in a pinch. Even when you already have your accounting firm, the feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance can help you allocate your funds better. You’ll know better how much budget you have to cover other operational costs.
What’s more is that TaxJar offers tutorials and training, not just for their platform but everything related to sales tax. You can check out their webinars, guides, or blog posts for additional info. Additionally their sales tax calculator should be beneficial when 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 determine your budget. Some platforms provide amazing features, but they can be too expensive for businesses. For this reason we’ll examine TaxJar’s pricing tiers and what each of these options can offer you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan starts at $19. The company claims that it’s the best plan to help you in filing and reporting. It includes the tax on sales, 4 annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you will be able to access their AI tax recommendations.
If you’re a small business proprietor, then this program will be ideal for you. It may not offer all the features of TaxJar however, it does include the basic features you require.
In addition, you can reach their customer support via their support chart for email. Additionally, you’ll have access to their integration features.
Professional
If you’re looking for that is more than the basic features Professional could be the one for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the starter 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, phone support, and sophisticated CSV import. They also allow you to have 12 free AutoFiles each year.
Premium
If you run a large enterprise, you may want to choose an upgrade instead. It includes all of the features you need to aid in your tax preparation. Additionally, they permit unlimited data import integrations API integrationsfor team members and AutoFiles.
There is also a team who are devoted in managing your accounts. However, they don’t disclose how much the Premium plan will cost you. TaxJar How To File Sales Tax California
However, they did say that this plan is tailor-fit for each user. Therefore, the cost will differ in line with what you require 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 various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to gauge whether the service is an excellent fit for you.
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Pros and Cons
After we’ve gone over everything you must be aware of TaxJar let’s take a break. To sum it all up Here are the advantages and disadvantages of making use of TaxJar for your business.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- It allows you to monitor multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies with many sales channels and utilizes plenty of platforms. If that’s what you’re doing, then should try this.
Not only can it aid in tracking your revenue and products however, it will help you meet the deadlines you set. It’s also an excellent platform for an accountant since they have a Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
The use of TaxJar will help you reduce time and keep the track of each deadline or requirement you need to meet. If you’re in a place with complicated tax regulations, this will surely help you wrap your head around it. TaxJar How To File Sales Tax California
If handling taxes is easy, then TaxJar might not be a good investment. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the whole process easy to do and you’re comfortable with it, you may be better in doing it all on your own.
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FAQ TaxJar How To File Sales Tax California
What areas does TaxJar provide API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transaction amounts are n USdollars. If you’re using another currency, you’ll have to convert it into US$ before TaxJar will calculate the tax.
