TaxJar How To Use

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Taxes have always been one of the most difficult things to handle regardless of whether you run your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related tasks aren’t easy, particularly when you’re packed with things to do. When you’re not able to afford the budget to engage an accountant doing it on your own can be risky. If you miss one detail it could mean you 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 about it?

We can make life easier by using tools like TaxJar.

Here we’ll take a look at this life-saving tool and how it can benefit you. While this is an extensive read but you’ll be able to determine if TaxJar is what you need right now.

Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.

If you prefer to read, then we’ll dive right into.

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What exactly is TaxJar? TaxJar How To Use

The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it in all of your sales channels to ensure compliance with your sales taxes. It makes the process simpler that could require days to complete and is completed in just a few just a few minutes.

TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.

What can it do to help you?

TaxJar is widely used by online business owners to keep everything organized and straightforward. Let’s look into the benefits and features of TaxJar.

TaxJar How To Use

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Services and features

Integration

One of the first things you’ll need to make sure you have a tax accounting platform is compatible along with sales funnels. If you have multiple sales channels, you must keep everything in place. The most important thing is not to face a penalty due to overlooking just one minor detail.

TaxJar lets you display your critical metrics in one spot. That way, there’s no need to gather data in multiple channels and sort it into one platform. All you have to do is to integrate TaxJar, it will do the rest.

Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of platforms that they can connect with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows customers to make sales tax filings by hand or using their AutoFile feature. In this review, we’ll take a look at both.

If you choose to manually file your tax returns, TaxJar will allow you to connect all the sales channels you use. Once the time comes for filing income tax returns TaxJar will train you on how to manage the tax returns. It is up to you and your team members to complete the process in time. TaxJar is 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, which means you don’t have to fill out any forms manually. Through this feature, everything will be automated from calculating sales tax in order to record and process them. There could be additional costs if the feature is not included in the plan you select.

Sales Tax Reports

As we mentioned that you can utilize TaxJar to ease your accounting woes. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. Once you’re on the platform, you and your team can access everything you require, including a list of your transactions, reports, and data.

The best part about this feature is that it lets 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 total sales tax within your company. It is also possible to export the information to a CSV file if you need it for your accounting and financial planning processes or if you require it to run centralized reports.

Training and Streamlining

TaxJar assists in organizing and keeping track of all of your sales channels. That means you won’t have to search for your documents whenever you’re when you’re in a pinch. Even when you already have your accountant, this feature will make them more efficient.

Additionally, knowing the figures for the sales tax you pay in advance can help you allocate your funds better. You’ll be aware of the budget you have available for other operating expenses.

The best part is that TaxJar offers training and tutorials and tutorials, not just on their platform, but all things related to sales tax. You can look through their webinars, guides or blog posts for additional info. In addition the sales tax calculator should be helpful if you’re planning on do everything on your own.

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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 features, but they can be too costly for the business you run. This is why in this section we’ll examine TaxJar’s pricing structures and the features that each of these options can offer you. At present, TaxJar offers three plans including Professional, Starter and Premium.

Starter

Their Starter plan is priced at $19. They say it’s the most effective plan to help you with filing requirements or reporting. It also includes taxes on sales and sales as well as 4 autofiles for free each year, and the option of a CSV import. With the starter plan, you can access their AI tax advice.

If you’re a small-scale company manager, the plan could be perfect for you. It may not offer all of TaxJar’s features but it comes with all the basics you require.

In addition, you can reach their support team with their email support chart. You’ll also have access to their integration tools.

Professional

If you’re looking for that is more than the basics Professional might be the right one for you. It’s priced at $99 but you can increase it by adding custom features.

How different is it from the basic plan?

In addition to accessing all of the Starter plan’s options, you also have access to their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.

Premium

If you run a large enterprise, you may want to opt for an upgrade instead. It has all of the features needed to make your tax filing easier. In addition, they offer unlimited import integrations of data as well as Integrations with APIs, teams of members as well as AutoFiles.

They also have a team who are devoted to managing your account. They don’t reveal the amount that the Premium plan is going to cost. TaxJar How To Use

However, they did say that the plan is custom-made for each user. The cost of the plan will be different in line with what you require for your business.

Free Trial

Luckily, you don’t have to risk your money to find out if the platform is for you. If you’re still looking into various options, they provide a 30-day free trial. This should give you enough time to determine whether the service is an excellent fit for you.

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Pros and Pros and

We’ve covered everything you must be aware of TaxJar Let’s relax. To sum it all up we’ll go over the pros and cons of making use of TaxJar for your business.

Pros

  • There is the Tax Advisor option for some plans
  • AutoFile features can help you to reduce time
  • Available in most USA states
  • Provides 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 able to be integrated with other platforms
  • You can track several sales channels

Cons

  • Limits for AutoFile are based on 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 laid down, TaxJar provides a fantastic platform to companies that have many sales channels and utilizes numerous platforms. If this sounds like the way you do, then you ought to try this.

Not only will it help you track the sales and profits of your business It can assist you in meeting your deadlines. This is also an excellent platform for an accountant since they offer a Tax Advisor program. You can get tips and get knowledge from their seminars regarding taxes via it.

Utilizing TaxJar can help you save more time while keeping on top of each deadline and obligation you have to meet. If you’re in a place with complicated tax laws, this can certainly help you to get your head around the subject. TaxJar How To Use

However, if managing your taxes is simple and straightforward, then TaxJar could be a waste of expense. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire process easy to do then you’re better off doing it on your own.

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FAQ TaxJar How To Use

What are the areas in which TaxJar provide API assistance?

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 to TaxJar for easier monitoring and updates.

Are there any ways to exchange one type of currency using TaxJar?

Unfortunately, no. TaxJar does not convert currency values. The transactions are in USdollars. If you’re using another currency, you will need to convert it to US$ prior to when TaxJar will calculate the tax.

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