Taxes are always one of the most difficult tasks to complete, whether you’re running your own business or not. More so if you don’t have a degree in finance or accounting. Tax-related issues can be overwhelming, particularly when your whole day is packed with things to do. When you’re not able to afford the funds to hire an accountant, performing the task on your own could be dangerous. If you overlook one thing it could mean you need to repeat the process!
Nearly everyone would prefer to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.
What is the best way to deal with it?
We can always make our lives easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. While this is lengthy, you should be able to determine if TaxJar is what you need today.
Prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, let’s get right into it.
What is TaxJar TaxJar Orders Wholesale Autofile Tax Exempt Manual
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all your sales channels to ensure that you are in compliance with sales taxes. It streamlines processes that require days to complete and can be completed in a matter of minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by owners of online businesses to ensure that everything is organized and straightforward. Let’s take a look at the benefits and features of TaxJar.
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Features and services
Integration
One of the most important things you’ll need to make sure is that your accounting tax system is compatible with your sales channel. If you’re selling through multiple channels, you need to maintain everything in line. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar lets you display your most important metrics in one spot. That way, there’s no requirement to collect data from different channels and organize it into one platform. All you need to do is connect TaxJar and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms they can integrate with:
Filing
TaxJar allows clients to make sales tax filings manually or through their AutoFile feature. In our review we’ll look at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect your sales platforms. Once the time comes for the filing of income tax returns The team will guide you on how to manage the tax returns. It is up to you and your staff to complete the process within the timeframe. TaxJar will only help you understand what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. Through this feature, everything will be automated, from calculating taxes on sales in order to record and process it. However, there might be additional charges if they are not included in the plan you select.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to assist you with your accounting problems. All orders made through your e-commerce channels can be put together into one dashboard using this platform. Once you’re on the platform you and your team can access everything you need, like the list of transactions, reports, and data.
The best part about this feature is that they allow you to automatically update every day. They not only let you keep track of how much you’ve accumulated, but they also help you determine when your next payment is due.
The dashboard allows you to see the sales tax totals within your company. You can also export the data in the form of a CSV file if you need it for your process of financial planning and accounting or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all your sales channels. This means that you don’t have to scramble for your documents whenever you’re in the event of a need. Even if you already have your accountant, this feature can aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time will help you plan your funds more effectively. You’ll know exactly how much budget you have for other operational costs.
The best part is that TaxJar provides training and tutorials not only for their platform , but also all things connected to sales tax. You can check out their guides, webinars, or blog posts for additional information. In addition the sales tax calculator can be beneficial when you’re planning to complete everything yourself.
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How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms provide amazing features, but they can be too expensive for businesses. For this reason we’ll take a look at TaxJar’s pricing levels and the features that each of these choices can provide you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements and reporting. It also includes sales tax reporting, 4 free yearly AutoFiles, 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-scale company proprietor, then this program should be perfect for you. It might not include all the features offered by TaxJar but it comes with all the basics you require.
Additionally, you can contact their support team with their email support chart. You’ll also have access to their integration capabilities.
Professional
If you’re looking for something that is more than the standard features and options, then the Professional plan might be the right one for you. It’s priced at $99 but you can increase it when you add additional features.
So 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 sophisticated CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
Premium
If you run a large company, you may need to choose premium plans instead. It has all of the features needed to help with your taxes. Moreover, they allow unlimited data import integrations, API integrationsfor team users, and AutoFiles.
There is also a team who are devoted to managing your account. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Orders Wholesale Autofile Tax Exempt Manual
But they did state that the plan is custom-made for every user. So the costs will vary in line with what you require for your business.
Free Trial
Fortunately, you don’t need to risk your money to find out if the platform is the right one for you. If you’re still looking into different options, they offer a 30-day free trial. This should give you enough time to gauge if the platform is an excellent fit for you.
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Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a break. To sum it all up Here are the pros and cons of the use of TaxJar for your company.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you 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
- It allows you to monitor multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform businesses with numerous sales channels, and that utilizes numerous platforms. If that’s what you’re doing, then you must try TaxJar.
Not only can it aid in tracking your products and revenue It can assist you in meeting the deadlines you set. It’s also an excellent platform for an accountant since they offer tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
The use of TaxJar will help you get more done while keeping track of every deadline and requirement you have to meet. If you live in a place with complicated tax regulations, this will certainly help you to get your head around it. TaxJar Orders Wholesale Autofile Tax Exempt Manual
If handling taxes is easy, then TaxJar may be an unnecessary expense. If you only have one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you find the whole process easy to do then you’re better off doing it on your own.
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FAQ TaxJar Orders Wholesale Autofile Tax Exempt Manual
What areas does TaxJar provide API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transactions are in USdollars. If you’re using another currency, you’ll have to convert it into US$ before TaxJar can calculate the tax.