Taxes have always been one of the most difficult tasks to complete regardless of whether you run a 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. If you don’t have the budget to engage an accountant doing it on your own can be dangerous. If you make a mistake, you might have to redo things again!
Almost everyone wants to skipping this step. But , as it’s a requirement, we have no choice.
So , what can we do about it?
We can always make life easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can benefit you. Although this is quite lengthy but you’ll be able to determine if TaxJar is what you need right now.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, we’ll dive right into.
What exactly is TaxJar? TaxJar June Sales Tax Due Date
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for all aspects of your sales tax 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 can take days to complete, and is completed in just a few just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by business owners who run online businesses to keep everything neat and simple. Let’s look into their features and services.
Features and services
One of the first things you’ll need to ensure is that your accounting tax platform perfectly integrates with your sales channel. If you’re selling through multiple channels, it is essential to maintain everything in line. The last thing you want is to be penalized for missing a single minor point.
TaxJar allows you to display your critical metrics in one spot. So, there’s no requirement to collect information from multiple sources and then organize it on a single platform. All you need to do is connect TaxJar, then the system 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 that they can connect with:
TaxJar lets customers file their sales taxes manually or through their AutoFile feature. In the purpose of this article, we’ll dig at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all of your sales platforms. When it comes time to filing income tax returns, the team will instruct you on how to handle the tax returns. However, it will be up for you and your team members to complete everything within the timeframe. TaxJar is there to guide you on what you should accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. This feature will ensure that everything is automated, from calculating sales taxes to recording and processing it. However, there might be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting woes. Your orders from your e-commerce channels can be compiled into one dashboard using this platform. From there you and your team will have access to all the information you require, including an inventory of your transactions, reports, as well as data.
The best part about this option is the fact that it lets you to automatically update every day. Not only can they help you keep track of how much you’ve earned and how much you’ve earned, but they also let you determine when your next payments are due.
Their dashboard can also allow you to see the overall sales taxes for your business. You can also export your data in the form of a CSV file if you need it in your financial planning and accounting processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all your sales channels. This means that you don’t have to hunt for your paperwork when you’re when you’re in a pinch. Even if you already have your accountant, this feature can aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your funds more effectively. You’ll know better how much budget you have to cover other operational expenses.
What’s more is that TaxJar provides 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, or blog posts for additional details. In addition their sales tax calculator should be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms provide amazing features, but they can be too expensive for businesses. This is why in this section, we’ll look into TaxJar’s pricing levels and the features that each of these choices can provide you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan starts at $19. They say it’s the best plan for those who need assistance with filing requirements and reporting. It includes sales tax reporting, four autofiles for free each year, and an CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller business owner, this plan should be perfect for you. It may not offer all of TaxJar’s features but it comes with the basic features you require.
You can also contact their customer support via their support chart for email. Additionally, you’ll have access to their integration features.
If you’re looking for that is more than the basic features, then the Professional plan could be the one for you. It’s priced at $99 but you can increase it by adding custom features.
What is the difference from the original plan?
In addition to having access to every one of Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you run a large business, you might need to go for an upgrade instead. It comes with all the features needed to make your tax filing easier. In addition, they offer unlimited integrations with data imports as well as Integrations with APIs, teams of users, and AutoFiles.
There is also a team that is devoted to managing your account. However, they don’t disclose how much the Premium plan is going to cost. TaxJar June Sales Tax Due Date
However, they did say that this plan is tailor-fit for each user. The cost of the plan will be different in line with what you require for your company.
It’s a good thing that you don’t have to gamble your money just to find out if the platform is the right one for you. If you’re still looking into various options, they provide 30 days of free trial. This should give you enough time to gauge whether the software is an excellent fit for you.
Pros and Cons
After we’ve gone over everything you should know about TaxJar let’s take a breather. To sum it all up Here are the advantages and disadvantages of making use of TaxJar for your company.
- There is the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides an online sales tax calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only valid for USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies that have multiple sales channels and uses many platforms. If this sounds like the way you’re doing, then you ought to try this.
It’s not just a way to assist you in keeping track of your revenue and products It can also help you meet the deadlines you set. It is also a great platform for an accountant since they have a Tax Advisor program. You can find tips and get knowledge from their seminars regarding taxes via it.
Utilizing TaxJar can allow you to save more time while keeping the track of each deadline and requirement you have to fulfill. If you live in a region with a lot of tax regulations, this will certainly help you to get your head around it. TaxJar June Sales Tax Due Date
If handling your taxes is straightforward and straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you find the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar June Sales Tax Due Date
What are the areas in which TaxJar offer API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions are in US$. If you’re using a different currency, you’ll need to convert it into USdollars prior to when TaxJar will calculate the tax.