Taxes have always been among the most difficult things to handle regardless of whether you run an enterprise or not. Even more so if you do not have a background in finance or accounting. Tax-related tasks can be overwhelming, particularly when you’re filled with tasks to complete. If you don’t have the budget to hire an accountant, making it your own can be dangerous. If you make a mistake and you don’t know it, you may need to repeat the process!
Almost everyone wants to skip this step. However, since it’s mandatory to be done, we can’t choose not to.
So , what can we do ?
We can always make life easier by using tools like TaxJar.
This article will take a look at this life-saving tool and explain how it can benefit you. Although this is quite an extensive read, you should be able to assess whether TaxJar is the tool you require today.
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.
For those who like to read, we’ll dive right into.
What exactly is TaxJar? TaxJar Promotional Code
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculations. It’s a solution for your entire sales tax life cycle. In addition, you can apply it in all of the sales channels you use to make sure you’re in compliance with sales tax requirements. It simplifies the processes that require days to complete and is completed in just a few only a few minutes.
TaxJar has been used in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is used extensively by business owners who run online businesses to make their business more neat and simple. Let’s explore their features and services.
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Services and features
Integration
One of the first things you’ll need to make sure is that your accounting tax software perfectly integrates along with sales funnels. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to be penalized for missing a single minor point.
TaxJar allows you to show your key metrics in one spot. This means that there is no need to gather data from different channels and sort it into a single platform. All you need to do is to integrate TaxJar it will handle the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar lets customers file their sales taxes manually or through their AutoFile feature. For the purpose of this article, we’ll dig into both.
If you decide to do it manually, TaxJar will allow you to connect all of those sales tools. Once the time comes for the filing of income tax returns The team will guide you on how to handle these. However, it will be up to you and your team members to complete the process within the timeframe. TaxJar is there to guide you on what you need 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 all forms by hand. With this feature, everything will be automated from calculating sales tax to recording and processing it. But, it is possible to incur additional charges if they are not part of the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting problems. The orders you place through your online channels can be combined into one dashboard using this platform. Once you’re on the platform you and your team will have access to everything you require, including a list of your transactions, reports and the data.
The greatest benefit of this feature is that it allows you to automatically update every day. They not only let you know how much you’ve collected however, they can also help you determine when your next payment is due.
The dashboard allows you to see the overall sales taxes in your business. It is also possible to export your data as a CSV file, if you want to use it to aid in accounting and financial planning processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. That means you won’t have to search for your documents whenever you’re when you’re in a pinch. Even even if you already have an accountant, this function will make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll know better how much budget you have available for other operational costs.
What’s more is that TaxJar offers tutorials and training and tutorials, not just on their platform, but everything that has to do with sales tax. You can look through their webinars, guides as well as their blog to find more details. In addition their sales tax calculator should be helpful if you’re planning on complete everything yourself.
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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 expensive for businesses. For this reason, we’ll look into TaxJar’s pricing levels and what each of those options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the best plan for those who need assistance with filing requirements and reporting. It also includes the tax on sales, four annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a smaller company manager, the plan will be ideal for you. It may not have all the features of TaxJar however, it does include all the basics you require.
Additionally, you can contact the support team via their support chart for email. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking to get different from the basics Professional could be the one for you. The price starts at $99 but you can increase it by adding custom features.
What is the difference from the original plan?
In addition to having access to each of Starter plan’s features, you also get access to their phone customer support, API access, and sophisticated CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you own a huge business, you might need to opt for the Premium plan instead. It comes with all the features needed to aid in your tax preparation. Additionally, they permit unlimited import integrations of data Integrations with APIs, teams of users, and AutoFiles.
They also have a team who are devoted in managing your accounts. They don’t reveal how much the Premium plan costs you. TaxJar Promotional Code
However, they did mention that this plan is customized for every user. Therefore, the cost will differ according to what you require to run your business.
Free Trial
It’s a good thing that you don’t have to risk your money to see if this platform is for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to determine whether the software is a good fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
After we’ve gone over everything you should know about TaxJar let’s take a break. To summarize we’ll go over the pros and cons of making use of TaxJar for your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- 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
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform businesses with many sales channels and utilizes plenty of platforms. If that sounds like what you’re doing, then you should try this.
Not only can it assist you in keeping track of the sales and profits of your business, but it can also help you meet your deadlines. This is also an excellent opportunity for accountants since they provide a Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through 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 an area with complex tax laws, this can surely help you wrap your head around it. TaxJar Promotional Code
But if handling your taxes is straightforward If it isn’t, then TaxJar could be a waste of expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. If you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it on your own.
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FAQ TaxJar Promotional Code
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to USdollars before TaxJar determines the tax.
