Taxes have always been among the hardest things to do regardless of whether you run your own business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when you’re filled with tasks to complete. When you’re not able to afford the funds to employ an accountant, making it your own could be risky. If you make a mistake, you might have to redo things again!
Almost everyone wants to avoid this step. But since it’s required to be done, we can’t choose not to.
What is the best way to deal with it?
It is always possible to make our lives easier by using tools like TaxJar.
This article will take a look at this popular life-saving tool and how it can help you. Even though this is a long read, you should be able to determine if TaxJar is what you need in the present.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
If you prefer to read, then let’s dive right in.
What is TaxJar TaxJar Kansas
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 your entire sales tax life cycle. Furthermore, you can utilize it across all your sales channels to make sure you’re in compliance with sales tax requirements. It makes the process simpler that could require days to complete and finish within only a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by owners of online businesses to make their business more organized and straightforward. Let’s look into their features and services.
Features and services
One of the first things you’ll want to check is your tax-reporting software seamlessly works well with your sales channel. If you’re using multiple sales channels, you must maintain everything in line. The most important thing is not to face a penalty due to missing a single minor point.
TaxJar lets you display your most important data in one location. That way, there’s no requirement to collect data in multiple channels and organize it into one platform. All you need to do is connect TaxJar then the system will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms they are able to integrate with:
TaxJar allows clients to file their sales taxes manually or through their AutoFile feature. In our review we’ll dig at both.
If you choose to do it manually, TaxJar will allow you to connect all your sales platforms. Once the time comes for filing income tax returns TaxJar will train you on managing them. But, it is up to you and your team to complete everything within the timeframe. TaxJar is there to guide you on what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. Through this feature, everything will be automated from calculating sales taxes in order to record and process it. But, it is possible to incur additional charges if they are not part of the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting problems. The orders you place through your online channels can be put together into a single dashboard via this platform. From there you and your staff will have access to everything you require, including a list of your transactions, reports, and data.
The greatest benefit of this feature is that it lets you to update your account automatically each day. Not only can they help you keep track of how much you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payment is due.
Their dashboard can also allow you to see the overall sales taxes in your business. You can also export your data to a CSV file in case you require it in your financial planning and accounting processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep on top of all the sales avenues you use. This means that you don’t have to scramble for your documents when you’re in a pinch. Even even if you already have an accountant, this feature will make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll be aware of the budget you have for other operating expenses.
But what’s even better is that TaxJar offers tutorials and training not only on their platform, but for anything related to sales tax. Check out their guides, webinars, or blog posts for additional details. Additionally their sales tax calculator is useful if you’re planning to 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 the business you run. This is why in this section we’ll examine TaxJar’s pricing tiers and what each of these choices can provide you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
The 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 sales tax reporting, 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a small business proprietor, then this program should be ideal for you. It might not include all the features of TaxJar, but it has the basic features you require.
In addition, you can reach the support team via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking to get that is more than the standard features, then the Professional plan may be the best option for you. The price starts at $99 however, it could go up when you add additional features.
How different is it from the starter plan?
In addition to accessing all of the Starter plan’s features, you also have the support of their customer service via phone, API access, and sophisticated CSV import. They also allow you to have 12 free AutoFiles 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 aid in your tax preparation. In addition, they offer unlimited import integrations of data Integrations with APIs, teams of users, and AutoFiles.
There is also a team that is devoted in managing your accounts. But, they don’t divulge the amount that the Premium plan costs you. TaxJar Kansas
But they did state that the plan is custom-made for each user. Therefore, the cost will differ in line with what you require for your company.
Fortunately, you don’t need to risk your money to find out if the platform is for you. If you’re still looking into different options, they offer a 30-day free trial. This should be enough time to gauge whether the service is the right choice for you.
Pros and Pros and
We’ve covered everything you should be aware of TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the advantages and disadvantages of using TaxJar for your company.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid out TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then should try this.
It’s not just a way to help you track your products and revenue It can assist you in meeting the deadlines you set. This is also an excellent option for accountants as they provide a Tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar can allow you to reduce time and keep track of every deadline and obligation you have to fulfill. If you’re in a region with a lot of tax regulations, this will certainly help you to get your head around the subject. TaxJar Kansas
However, if managing taxes is easy and straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you find the entire process easy to do and you’re comfortable with it, you may be better in doing it all on your own.
FAQ TaxJar Kansas
What areas does 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 connect Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transaction amounts are n US$. If you’re using a different currency, you will need to convert it into USUSD before TaxJar will calculate your tax.