Taxes have always been among the most difficult tasks to complete, whether you’re running a business or not. Particularly if you don’t have any experience in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have the funds to engage an accountant doing it on your own could be risky. If you make a mistake, you might have to redo things again!
Almost everyone wants to skipping this step. But since it’s required to be done, we can’t choose not to.
So what can we do about it?
We can always make life easier with tools such as TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. Even though this is lengthy it is possible to determine if TaxJar is the tool you require in the present.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, let’s dive right in.
What is TaxJar TaxJar Illinois Filing Process
Founded in 2013, TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. TaxJar is a solution to the entire life cycle. Furthermore, you can utilize it across all the sales channels you use to make sure you’re in 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 a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to keep everything neat and simple. Let’s look into the features and services offered by TaxJar.
Features and services
One of the first things you’ll want to check is your tax-reporting platform seamlessly works well with your sales channel. If you’re selling through multiple channels, you need to maintain everything in line. The last thing you want is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your most important 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, it will take care of the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms they can integrate with:
TaxJar allows clients to file their sales taxes either manually or via their AutoFile feature. In this review, we’ll dig into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect your sales platforms. When the time is right for filing tax returns for income The team will guide you on how to handle them. However, it will be up for you and your team to complete everything in time. TaxJar is there to provide guidance on what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit all forms by hand. With this feature, everything will be automated from calculating taxes on sales in order to record and process them. But, it is possible to incur additional charges if they are not included in the plan you select.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be compiled into a single dashboard through this platform. Once you’re on the platform you and your staff can access everything you need, like a list of your transactions, reports and the data.
The best part about this option is the fact that it lets you to update automatically every day. They not only let you know how much you’ve earned and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard can also allow you to fully view the total sales tax within your company. It is also possible to export the information as CSV format. CSV file, if you want to use it for your financial planning and accounting processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep the track of all your sales channels. It means you don’t need to search for your documents whenever you’re in the event of a need. Even when you already have your accountant, this function will help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have for other operating costs.
The best part is that TaxJar provides training and tutorials, not just for their platform but all things that has to do with sales tax. You can look through their webinars, guides, and blog for more information. In addition their sales tax calculator can be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. For this reason we’ll examine TaxJar’s pricing structures and the features that each of these choices can provide you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan starts at $19. The company claims that it’s the most effective plan for those who need assistance in filing and reporting. It includes taxes on sales and sales as well as 4 free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you will be able to access their AI tax advice.
If you’re a small-scale company owner, this plan will be ideal for you. It might not include all of TaxJar’s features, but it has all the basics you require.
Additionally, you can contact their support team with their support chart for email. You’ll also have access to their integration features.
If you’re looking for something different from the basics and options, then the Professional plan may be the best option for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the basic plan?
In addition to accessing every one of Starter plan’s options, you also have access to their support via phone, API access, and sophisticated CSV import. They also allow you to get 12 AutoFiles for free each year.
If you run a large company, you may need to go for the Premium plan instead. It has all of the features that you require to help with your taxes. In addition, they offer unlimited integrations with data imports as well as API integrationsfor team users as well as AutoFiles.
They also have a team who are devoted to managing your account. They don’t reveal the price of the Premium plan. will cost you. TaxJar Illinois Filing Process
But they did state that this plan is customized for each user. So the costs will vary according to what you require to run your business.
Luckily, you don’t have to risk your money to see if this platform is right for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. This should be enough time to gauge whether the service is the right choice for you.
Pros and Cons
We’ve covered everything you should be aware of TaxJar let’s take a break. To sum it all up, here are the pros and cons of using TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only valid for USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything laid out TaxJar is an excellent platform for companies with multiple sales channels and uses many platforms. If that sounds like what you do, then you ought to try this.
It’s not just a way to assist you in keeping track of the sales and profits of your business, but it can help you meet the deadlines you set. This is also an excellent platform for an accountant since they have tax Advisor program. You can get tips and learn from their sessions about taxes through it.
Utilizing TaxJar can allow you to save more time while keeping the track of each deadline or requirement you need to fulfill. If you’re in a region with a lot of tax regulations, this will surely help you wrap your head around the subject. TaxJar Illinois Filing Process
If handling taxes is easy If it isn’t, then TaxJar might not be a good expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it on your own.
FAQ TaxJar Illinois Filing Process
Which areas does TaxJar provide API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transactions are in USdollars. If you’re using a different currency, you’ll have to convert it into US$ prior to when TaxJar will calculate the tax.