Taxes have always been among 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 finance or accounting. Tax-related tasks can be overwhelming, particularly when your whole day is packed with things to do. In the event that you do not have the funds to hire an accountant, performing the task on your own could be dangerous. If you miss one detail it could mean you have to redo things again!
Almost everyone wants to skipping 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?
We can always make life easier with tools such as TaxJar.
Here we’ll take a look at this well-known life-saving tool and how it can benefit you. Even though this is a long read, you should be able to assess whether TaxJar is the tool you require today.
Do you prefer video streaming 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 Pennsylvania
Founded in 2013, TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It’s a solution for your entire sales tax life cycle. Additionally, you can use it in all of your sales channels to ensure compliance with your sales taxes. It streamlines processes that require days to complete and finish within minutes.
TaxJar is used 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 ensure that everything is neat and simple. Let’s take a look at their features and services.
Services and features
One of the most important things you’ll want to check you have a tax accounting software perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to keep everything in place. The final thing you would like is to get a penalty for overlooking just one minor detail.
TaxJar allows you to display your critical metrics in one spot. So, there’s no requirement to collect data in multiple channels and sort it into a single platform. All you need to do is connect TaxJar, and the platform will take care of all the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms they can integrate with:
TaxJar lets customers file their sales taxes manually or through the AutoFile feature. In our review we’ll take a look into both.
If you decide to go it alone, TaxJar will allow you to connect the sales channels you use. When the time is right for filing income tax returns The team will guide you on how to handle these. It is up for you and your team to finish the tax returns on time. TaxJar is only there to provide guidance on what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out all forms by hand. This feature will ensure that everything will be automated from calculating taxes on sales through recording, and then processing it. There could 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 issues. The orders you place through your online channels can be compiled into one dashboard using this platform. From there you and your staff will have access to everything you need, like the list of transactions, reports, and information.
The most appealing aspect of the feature you’ve chosen is it allows you to update automatically every day. Not only can they help you know how much you’ve collected and how much you’ve earned, but they also let you determine when your next payment is due.
The dashboard allows you to fully view the overall sales taxes for your business. Additionally, you can export the information as the form of a CSV file if you need it to aid in process of financial planning and accounting or if you require it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the channels you sell through. It means you don’t need to hunt for your paperwork when you’re when you’re in a pinch. Even when you already have your accounting firm, the feature can help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have available for other operating expenses.
The best part is that TaxJar offers tutorials and training and tutorials, not just on their platform, but all things connected to sales tax. You can check out their guides, webinars, and blog for more details. In addition their sales tax calculator should be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too costly for your business. That’s why for this section we’ll take a look at TaxJar’s pricing structures and what each of those plans can offer. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan starts at $19. They say it’s the most effective plan to help you in filing and reporting. It comes with the tax on sales, 4 free yearly AutoFiles, and an CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a small business proprietor, then this program will be ideal for you. It might not include all of TaxJar’s features however, it does include the essentials that you need.
Additionally, you can contact their support team with their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for something that is more than the basics, then the Professional plan may be the best option for you. It starts at $99, but you can increase it by adding custom features.
So how different is it from the basic plan?
In addition to accessing every one of Starter plan’s features, you also get access to their support via phone, API access, and the ability to do advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
If you have a massive company, you may need to choose an upgrade instead. It comes with all the features that you require to make your tax filing easier. In addition, they offer unlimited integrations with data imports, API integrationsfor team users, and AutoFiles.
There is also a team that is devoted for managing the account. They don’t reveal the amount that the Premium plan will cost you. TaxJar Pennsylvania
But they did state that this plan is tailor-fit to each user. The cost of the plan will be different in line with what you require to run your business.
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you need to know about TaxJar let’s take a breather. To summarize Here are the advantages and disadvantages of making use of TaxJar for your company.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- It allows you to monitor 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 applicable to USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for businesses with multiple sales channels and uses plenty of platforms. If that sounds like what you do, then you ought to try this.
Not only can it assist you in keeping track of your revenue and products, but it can assist you in meeting the deadlines you set. It is also a great option for accountants as they provide tax Advisor program. You can find tips and get knowledge from their seminars regarding taxes via it.
The use of TaxJar can help you get more done while keeping the track of each deadline and requirement you have to meet. If you’re living in a place with complicated tax laws, this can certainly help you to get your head around it. TaxJar Pennsylvania
But if handling your taxes is straightforward and straightforward, then TaxJar could be a waste of investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of everything. If you find the whole procedure easy to complete then you’re better off doing it by yourself.
FAQ TaxJar Pennsylvania
What are the areas in which TaxJar provide API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it to US$ before TaxJar determines your tax.