Taxes have always been among the hardest things to do regardless of whether you run a business or not. More so if you don’t have any experience in finance or accounting. Tax-related issues can be overwhelming, particularly when you’re filled with tasks to complete. If you don’t have the funds to engage an accountant making it your own can be dangerous. If you make a mistake it could mean you need to repeat the process!
Nearly everyone would prefer to skipping this step. However, since it’s mandatory, we have no choice.
So what can we do about it?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this life-saving device and how it can assist you. Although this is quite lengthy, you should be able to determine if TaxJar is what you need today.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar? TaxJar Resell Cert
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all the sales channels you use to ensure compliance with your sales taxes. It simplifies the processes that take days to complete and is completed in just a few just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to make their business more simple and organized. Let’s take a look at the features and services offered by TaxJar.
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Services and features
Integration
One of the first things you’ll need to make sure is that your accounting tax system is compatible along with sales funnels. If you’re selling through multiple channels, you must keep everything in place. The most important thing is not to be penalized for not paying attention to a minor thing.
TaxJar lets you display your key data in one location. That way, there’s no need to gather data in multiple channels and then organize it on one platform. All you need to do is to integrate TaxJar it will do the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of platforms they can integrate with:
Filing
TaxJar lets customers make sales tax filings manually or through the AutoFile feature. For the purpose of this article, we’ll look at both.
If you opt to do it manually, TaxJar will allow you to connect all your sales platforms. When the time is right for filing income tax returns TaxJar will train you on how to manage these. It is up to you and your team members to complete the process on time. TaxJar is there to help you understand what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit all forms by hand. Through this feature, everything is automated, from calculating sales taxes in order to record and process them. There could be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier that you can utilize 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 team will have access to everything you need, like an inventory of your transactions, reports, as well as information.
The best part about this feature is that it allows you to update automatically every day. They not only let to know the amount you’ve collected, but they also help you keep track of when the next payments are due.
Their dashboard also allows users to view in detail the total sales tax within your company. You can also export your data to CSV format. CSV file if you need it in your process of financial planning and accounting or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of the sales avenues you use. This means that you don’t have to search for your documents when you need them in the event of a need. Even if you already have your accountant, this feature can help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have for other operational expenses.
The best part is that TaxJar offers training and tutorials not only for their platform but for anything that has to do with sales tax. You can check out their webinars, guides or blog posts for additional details. In addition their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing levels and what each of these choices can provide you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan starts at $19. They claim that it’s the most suitable plan for you to help you with filing requirements and reporting. It includes taxes on sales and sales as well as four autofiles for free each year, and the option of a CSV import. With the starter plan, you will be able to access their AI tax recommendations.
If you’re a smaller business proprietor, then this program should be perfect for you. It may not have all the features offered by TaxJar, but it has the basic features you require.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking for something that is more than the basic features Professional could be the one for you. The price starts at $99 but it can go higher if you add custom features.
So how different is it from the basic plan?
In addition to accessing every one of Starter plan’s features, you also have the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
Premium
If you have a massive business, you might need to choose the Premium plan instead. It includes all of the features that you require to make your tax filing easier. Moreover, they allow unlimited integrations with data imports API integrationsfor team members and AutoFiles.
They also have a team that is devoted to managing your account. However, they don’t disclose how much the Premium plan is going to cost. TaxJar Resell Cert
However, they did say that the plan is custom-made for every user. The cost of the plan will be different in line with what you require for your business.
Free Trial
Fortunately, you don’t need to risk your money to see if this platform is right for you. If you’re still looking into different options, they offer 30 days of free trial. It should give you enough time to determine if the platform is the right choice for you.
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Pros and Cons
After we’ve gone over everything you must know about TaxJar let’s take a break. To summarize, here are the pros and cons of making use of TaxJar for your business.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only valid for USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid out, TaxJar can be a great platform companies with many sales channels and utilizes numerous platforms. If that sounds like what you’re doing, then you must try TaxJar.
It’s not just a way to help you track your products and revenue however, it will also help you meet the deadlines you set. It is also a great option for accountants as they have tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
Utilizing TaxJar can allow you to save more time while keeping on top of each deadline and obligation you have to meet. If you’re in a region with a lot of tax laws, this will certainly help you to get your head around the subject. TaxJar Resell Cert
However, if managing your taxes is straightforward If it isn’t, then TaxJar might not be a good expense. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire process easy to do and you’re comfortable with it, you may be better in doing it all on your own.
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FAQ TaxJar Resell Cert
Which areas does TaxJar offer API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to USUSD before TaxJar can calculate the tax.