Taxes are always one of the most difficult things to handle regardless of whether you’re running an enterprise or not. Particularly if you don’t have any experience in finance or accounting. Tax-related tasks can be overwhelming, particularly when your whole day is full of things to be done. If you don’t have the budget to hire an accountant, performing the task on yourself can be dangerous. If you miss one detail, you might have to do it all over again!
Most people want to skipping this step. But since it’s required to be done, we can’t choose not to.
So , what can we do about it?
We can always make our lives easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can benefit you. While this is an extensive read it is possible to assess whether TaxJar is what you need right now.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, let’s dive right in.
What is TaxJar TaxJar Register Ohio
Founded in 2013, TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it in all of your sales channels to ensure that you are in compliance with sales taxes. It streamlines processes that can take days to complete, and finish within just a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by business owners who run online businesses to ensure that everything is simple and organized. Let’s explore the benefits and features of TaxJar.
Services and features
One of the first things you’ll need to make sure you have a tax accounting platform is compatible in conjunction with the sales channels you use. If you have multiple sales channels, you must keep everything in place. The most important thing is not to be penalized for missing a single minor point.
TaxJar allows you to display your key data in one location. This means that there is no need to collect data from different channels and then organize it on one platform. All you have to do is to integrate TaxJar, and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms that can help with payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows customers to make sales tax filings by hand or using TaxJar’s AutoFile feature. In this review, we’ll dig at both.
If you opt to do it manually, TaxJar will allow you to connect all the sales channels you use. Once the time comes for filing income tax returns, the team will instruct you on how to handle these. It is up to you and your team to complete everything on time. TaxJar is there to provide guidance on what you need 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 the forms in a manual manner. Through this feature, everything is automated, from calculating taxes on sales through recording, and then processing them. However, there might be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be compiled into a single dashboard through this platform. Once you’re on the platform you and your staff can access everything you need, like the list of transactions, reports, and data.
The best part about this option is the fact that they allow you to automatically update every day. Not only will they let you know how much you’ve accumulated, but they also help you keep track of when the next payment is due.
Their dashboard also allows you to fully view the sales tax totals in your business. It is also possible to export the information to a CSV file in case you require it in your financial planning and accounting processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar helps you organize and keep track of all of the sales avenues you use. It means you don’t need to scramble for your documents when you’re in the event of a need. Even even if you already have an accounting firm, the feature can help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your money more efficiently. You’ll know better how much budget you have to cover other operational expenses.
But what’s even better 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 information. Apart from that their sales tax calculator can be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for the business you run. For this reason we’ll examine TaxJar’s pricing levels and the features that each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan starts at $19. They claim that it’s the most effective plan for those who need assistance with filing requirements and reporting. It includes taxes on sales and sales as well as 4 annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a smaller company manager, the plan could be ideal for you. It might not include all of TaxJar’s features but it comes with all the basics you require.
You can also contact their support team with their support chart for email. You’ll also have access to their integration features.
If you’re looking for something that is more than the standard features, then the Professional plan could be the one for you. It starts at $99, however, it could go up by adding custom features.
How different is it from the original plan?
In addition to having access to each of Starter plan’s features, you also get access to their support via phone access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive company, you may need to opt for premium plans instead. It comes with all the features you need to help with your taxes. In addition, they offer unlimited integrations with data imports Integrations with APIs, teams of members and AutoFiles.
There is also a team who are devoted in managing your accounts. They don’t reveal the price of the Premium plan. will cost you. TaxJar Register Ohio
However, they did say that this plan is tailor-fit for each user. Therefore, the cost will differ in line with what you require for your business.
Fortunately, you don’t need to gamble your money just to find out if the platform is the right one for you. If you’re still looking into various options, they provide a 30-day free trial. It should give you enough time to gauge whether the service is a good fit for you.
Pros and Cons
Now that we’ve covered all you must be aware of TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over the advantages and disadvantages of making use of TaxJar to run your business.
- Has a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers an online sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes many platforms. If that sounds like what you do, then you ought to try this.
It’s not just a way to help you track your products and revenue, but it can help you meet the deadlines you set. This is also an excellent option for accountants as they have the Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
The use of TaxJar can help you save more time while keeping the track of each deadline or requirement you need to fulfill. If you’re in an area with complex tax laws, this will definitely help you get your head around the subject. TaxJar Register Ohio
If handling your taxes is straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. If you find the entire process easy to do then you’re better to do it on your own.
FAQ TaxJar Register Ohio
What areas does TaxJar provide API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it into USdollars before TaxJar determines your tax.