Taxes are always one of the most difficult tasks to complete regardless of whether you run an enterprise or not. More so if you don’t have a degree in accounting or finance. Tax-related issues can be overwhelming, particularly when you’re full of things to be done. When you’re not able to afford the funds to engage an accountant performing the task on yourself can be dangerous. If you miss one detail it could mean you have to redo things again!
Nearly everyone would prefer to skip this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do ?
We can always make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can assist you. Even though this is an extensive read but you’ll be able to gauge whether TaxJar is exactly what you need today.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, we’ll dive right into.
What exactly is TaxJar? TaxJar Kansas Sales Tax Filing
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it across all of your sales channels to make sure you’re in compliance with sales taxes. It makes the process simpler that could take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is used extensively by online business owners to make their business more simple and organized. Let’s take a look at their features and services.
Services and features
One of the first things you’ll need to make sure is that your accounting tax software seamlessly works well along with sales funnels. If you have multiple sales channels, you need to maintain everything in line. The final thing you would like is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your key metrics in one place. This means that there is no need to collect data in multiple channels and then organize it on one platform. All you have to do is connect TaxJar it will handle the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows clients to submit their sales tax manually or through the AutoFile feature. For our review we’ll dig at both.
If you choose to go it alone, TaxJar will allow you to connect all of your sales platforms. Once the time comes for the filing of income tax returns TaxJar will train you on how to manage them. But, it is up to you and your staff to complete everything on time. TaxJar will only guide you on what you have to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out the forms in a manual manner. This feature will ensure that everything will be automated from calculating taxes on sales in order to record and process it. However, there might be extra fees if not included in the plan you chose.
Sales Tax Reports
As 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. From there you and your team will have access to everything you require, including a list of your transactions, reports, as well as the data.
The greatest benefit of the feature you’ve chosen is they allow you to automatically update every day. Not only will they let you know how much you’ve collected and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow users to view in detail the sales tax totals in your business. You can also export the data as CSV format. CSV file, if you want to use it in your process of financial planning and accounting or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all the channels you sell through. This means that you don’t have to search for your documents whenever you’re in the event of a need. Even even if you already have an accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds more effectively. You’ll know exactly how much budget you have available for other operating expenses.
The best part is that TaxJar offers training and tutorials, not just on their platform, but everything related to sales tax. You can check out their guides, webinars, as well as their blog to find more info. In addition their sales tax calculator is beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of those options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. They say it’s the most effective plan for those who need assistance with filing requirements and reporting. It comes with taxes on sales and sales as well as four annual AutoFiles for free, as well as a CSV import. With the starter plan, you can access their AI tax tips.
If you’re a smaller company manager, the plan should be ideal for you. It might not include all of TaxJar’s features, but it has the essentials that you need.
Additionally, you can contact the support team via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking for something that is more than the standard features Professional could be the one for you. The price starts at $99 but it can go higher when you add additional features.
So how different is it from the basic plan?
In addition to having access to every one of Starter plan’s options, you also have access to their phone customer support access to APIs, as well as sophisticated CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you have a massive enterprise, you may want to opt for an upgrade instead. It includes all of the features that you require to help with your taxes. In addition, they offer unlimited data import integrations as well as Integrations with APIs, teams of members, and AutoFiles.
They also have a team that is devoted in managing your accounts. However, they don’t disclose how much the Premium plan will cost you. TaxJar Kansas Sales Tax Filing
But they did state that this plan is tailor-fit for every user. The cost of the plan will be different depending on what you need for your business.
Fortunately, you don’t need to bet your life on it to determine if this service is the right one for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should be enough time to gauge if the platform is a good fit for you.
Pros and Cons
We’ve covered everything you must know about TaxJar let’s take a breather. To sum it all up, here are the pros and cons of making use of TaxJar for your business.
- Has a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- 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.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes many platforms. If that sounds like what you do, then you ought to try this.
Not only will it help you track the sales and profits of your business, but it can also help you meet the deadlines you set. It’s also an excellent option for accountants as they have the Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar can allow you to get more done while keeping on top of each deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this will surely help you wrap your mind around it. TaxJar Kansas Sales Tax Filing
If handling your taxes is straightforward If it isn’t, then TaxJar could be a waste of expense. If you have only one or two channels of sales, TaxJar won’t be needed to track everything. If you find the whole process easy to do, you might be better in doing it all by yourself.
FAQ TaxJar Kansas Sales Tax Filing
What areas does TaxJar offer API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify into TaxJar?
Yes. You can sync 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 does not convert currencies. All transaction amounts are n USdollars. If you’re using another currency, you will need to convert it to US$ prior to when TaxJar can calculate your tax.