Taxes are always one of the most difficult things to handle, whether you’re running an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related issues can be overwhelming, especially when you’re filled with tasks to complete. In the event that you do not have the budget to hire an accountant, making it yourself can be dangerous. If you miss one detail and you don’t know it, you may need to repeat the process!
Most people want to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.
What can we do ?
It is always possible to simplify our lives by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and explain how it can benefit you. Even though this is an extensive read it is possible to assess whether TaxJar is exactly what you need right now.
Prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What exactly is TaxJar? TaxJar Most Accurate Addres
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Additionally, you can use it across all your sales channels to ensure that you are in compliance with your sales taxes. It makes the process simpler that could can take days to complete, and finish within only a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is simple and organized. Let’s look into their features and services.
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Features and services
Integration
One of the first things you’ll want to check is your tax-reporting platform seamlessly works well with your sales channel. If you have multiple sales channels, you need to maintain everything in line. The last thing you want is to be penalized for missing a single minor point.
TaxJar lets you display your most important data in one location. So, there’s no need to collect data in multiple channels and sort it into a single platform. All you need to do is connect TaxJar then the system will do all the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they are able to integrate with:
Filing
TaxJar allows customers to make sales tax filings either manually or via the AutoFile feature. For our review we’ll dig into both.
If you opt to do it manually, TaxJar will allow you to connect all of those sales tools. When it comes time to the filing of income tax returns TaxJar will train you on how to handle the tax returns. It is up for you and your team members to complete everything within the timeframe. TaxJar is there to help you understand what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. This feature will ensure that everything will be automated from calculating taxes on sales to recording and processing it. However, there might be additional charges if they are not included in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting problems. The orders you place through your online channels can be combined into a single dashboard via this platform. From there you and your team will have access to all the information you need, like an inventory of your transactions, reports, and information.
The best part about this option is the fact that they allow you to update automatically every day. Not only can they help you know how much you’ve earned and how much you’ve earned, but they also let you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the total sales tax in your business. You can also export the information to the form of a CSV file if you need it to aid in process of financial planning and accounting or if you require it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep track of all of your sales channels. It means you don’t need to search for your documents when you’re in the event of a need. Even when you already have your accounting firm, the feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your funds better. You’ll know better how much budget you have available for other operational expenses.
The best part is that TaxJar provides training and tutorials, not just on their platform, but everything related to sales tax. You can look through their webinars, guides as well as their blog to find more information. In addition their sales tax calculator is beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We understand how important it is to establish your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of those choices can provide you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan starts at $19. They say it’s the most suitable plan for you if you need help with filing requirements and reporting. It also includes sales tax reporting, four annual AutoFiles for free, as well as an CSV import. With the starter plan, you can access their AI tax advice.
If you’re a smaller company owner, this plan could be perfect for you. It may not have all of TaxJar’s features however, it does include all the basics you require.
Additionally, you can contact their customer support via their email support chart. You’ll also be able to use their integration capabilities.
Professional
If you’re looking for something that is more than the basic features Professional may be the best option for you. It starts at $99, but it can go higher by adding custom features.
How different is it from the starter plan?
In addition to accessing each of Starter plan’s features, you also have their support via phone, API access, and advanced CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you run a large enterprise, you may want to choose premium plans instead. It includes all of the features needed to make your tax filing easier. Moreover, they allow unlimited data import integrations as well as Integrations with APIs, teams of members as well as AutoFiles.
They also have a staff dedicated for managing the account. But, they don’t divulge how much the Premium plan is going to cost. TaxJar Most Accurate Addres
However, they did say that this plan is tailor-fit for every user. The cost of the plan will be different according to what you require to run your business.
Free Trial
Fortunately, you don’t need to risk your money to determine if this service is the right one for you. If you’re still looking into various options, they provide 30 days of free trial. This should be enough time to determine if the platform is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a break. In order to sum up the whole thing Here are the pros and cons of making use of TaxJar for your business.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides Taxes on sales online 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
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable for USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies with many sales channels and utilizes numerous platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only can it aid in tracking your revenue and products It can assist you in meeting 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.
The use of TaxJar can allow you to save more time while keeping on top of each deadline and obligation you have to fulfill. If you’re living in a place with complicated tax laws, this can certainly help you to get your head around the subject. TaxJar Most Accurate Addres
However, if managing taxes is easy, then TaxJar might not be a good investment. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track everything. In addition, if you’re finding the entire procedure easy to complete, you might be better in doing it all by yourself.
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FAQ TaxJar Most Accurate Addres
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it into US$ prior to when TaxJar will calculate your tax.
