Taxes have always been one of the most difficult tasks to complete, whether you’re running 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 your whole day is filled with tasks to complete. When you’re not able to afford the funds to employ an accountant, performing the task on your own can be risky. If you overlook one thing and you don’t know it, you may have to redo things again!
Almost everyone wants to avoid this step. But , as it’s a requirement, we have no choice.
So what is the best way to deal with it?
We can always simplify our lives with tools such as TaxJar.
Here we’ll take a look at this well-known life-saving tool and how it can benefit you. While this is a long read, you should be able to assess whether TaxJar is exactly what you need right now.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, then let’s get right into it.
What is TaxJar TaxJar Louisiana
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It is a solution for the entire life cycle. Furthermore, you can utilize it in all of the sales channels you use to ensure that you are in compliance with sales taxes. It streamlines processes that take days to complete and finish within only a few minutes.
TaxJar has been used in various industries like food and beverage companies, 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 organized and straightforward. Let’s look into their features and services.
Services and features
One of the most important things you’ll want to check is your tax-reporting platform perfectly integrates with your sales channel. If you have multiple sales channels, it is essential to maintain everything in line. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar allows you to display your most important metrics in one place. This means that there is no need to collect data from different channels and sort it into one platform. All you need to do is to integrate TaxJar, it will handle the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms they can integrate with:
TaxJar allows customers to make sales tax filings either manually or via their AutoFile feature. For the purpose of this article, we’ll take a look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of your sales platforms. When the time is right for the filing of income tax returns, the team will instruct you on how to manage the tax returns. It is up to you and your staff to complete the process in time. TaxJar will only guide you on what you need to do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out the forms in a manual manner. Through this feature, everything will be automated, from calculating taxes on sales through recording, and then processing them. There could be additional charges if they are you do not include this feature in the plan you select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to assist you with your accounting woes. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. Once you’re on the platform, you and your team can access everything you need, like the list of transactions, reports, as well as data.
The most appealing aspect of this option is the fact that it lets you to update automatically every day. Not only can they help to know the amount you’ve collected, but they also help you keep track of when the next payments are due.
Their dashboard can also allow you to see the total sales tax for your business. It is also possible to export your data in the form of a CSV file, if you want to use it in your process of financial planning and accounting or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all the sales avenues you use. It means you don’t need to search for your documents whenever you’re in a pinch. Even when you already have your accountant, this function can help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your money more efficiently. You’ll know better how much budget you have available for other operational expenses.
The best part is that TaxJar offers training and tutorials not only for their platform , but also everything that has to do with sales tax. Check out their guides, webinars, as well as their blog to find more info. In addition the sales tax calculator is helpful if you’re planning on take on the entire task yourself.
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 your business. This is why in this section we’ll take a look at TaxJar’s pricing levels and what each of these choices can provide you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. The company claims that it’s the best plan if you need help with filing requirements and reporting. It comes with taxes on sales and sales as well as four free yearly AutoFiles, and an CSV import. Even with the basic plan, you can access their AI tax advice.
If you’re a small company manager, the plan could be perfect for you. It might not include all of TaxJar’s features, but it has the basic features you require.
In addition, you can reach the support team via their support chart for email. You’ll also be able to use their integration capabilities.
If you’re looking for something different from the basic features and options, then the Professional plan might be the right one for you. It starts at $99, but it can go higher by adding custom features.
What is the difference from the starter plan?
Apart from having access to each of Starter plan’s options, you also have access to the support of their customer service via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you have a massive company, you may need to go for an upgrade instead. It comes with all the features that you require to help with your taxes. Additionally, they permit unlimited data import integrations, Integrations with APIs, teams of users and AutoFiles.
They also have a staff that is devoted in managing your accounts. They don’t reveal the amount that the Premium plan is going to cost. TaxJar Louisiana
However, they did say that the plan is custom-made to each user. The cost of the plan will be different depending on what you need to run your business.
Luckily, you don’t have to risk your money to see if this platform is the right one for you. If you’re still considering other options, they have 30 days of free trial. It should give you enough time to see whether the service is an excellent fit for you.
Pros and Pros and
We’ve covered everything you need to know about TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of making use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes numerous platforms. If that sounds like what you do, then you must try TaxJar.
Not only can it assist you in keeping track of the sales and profits of your business however, it will assist you in meeting your deadlines. It is also a great option for accountants as they have the Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
The use of TaxJar can allow you to get more done while keeping the track of each deadline and obligation you have to meet. If you’re living in a place with complicated tax laws, this will surely help you wrap your mind around it. TaxJar Louisiana
If handling taxes is easy and straightforward, then TaxJar may be an unnecessary investment. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of all of it. If you find the whole process easy to do, you might be better off doing it on your own.
FAQ TaxJar Louisiana
Which areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions’ amounts are in USdollars. If you’re using a different currency, you will need to convert it into USdollars before TaxJar can calculate your tax.