Taxes have always been among the most difficult tasks to complete regardless of whether you’re running a business or not. More so if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, especially when you’re packed with things to do. In the event that you do not have enough money to employ an accountant, doing it on yourself can be dangerous. If you miss one detail, you might have to do it all over again!
Almost everyone wants to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
What can we do about it?
It is always possible to simplify our lives with tools such as TaxJar.
This article will take a look at this well-known life-saving tool and explain how it can assist you. Although this is quite a long read it is possible to determine if TaxJar is exactly what you need today.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
But for those who prefer to read, then let’s get right into it.
What is TaxJar? TaxJar Sales Not Accurate
The company was founded in 2013 TaxJar is an application that automatizes your reporting, filings and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all of the sales channels you use to make sure you’re in compliance with sales taxes. It makes the process simpler that could take days to complete and finish within just a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is extensively used by online business owners to keep everything neat and simple. Let’s take a look at their features and services.
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Features and services
Integration
One of the most important things you’ll want to check is your tax-reporting software seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, it is essential to keep everything in place. The most important thing is not to be penalized for not paying attention to a minor thing.
TaxJar allows you to display your critical data in one location. This means that there is no need to collect data in multiple channels and sort it into a single platform. All you have to do is integrate TaxJar, and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar allows customers to make sales tax filings either manually or via TaxJar’s AutoFile feature. In the purpose of this article, we’ll dig into both.
If you decide to go it alone, TaxJar will allow you to connect all those sales tools. When it comes time to filing tax returns for income The team will guide you on how to handle these. However, it will be up for you and your team members to complete the process in time. TaxJar is only there to provide guidance on what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out the forms in a manual manner. This feature will ensure that everything will be automated, from calculating sales tax to recording and processing it. However, there might be additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to assist you with your accounting issues. Your orders from your e-commerce channels can be put together into one dashboard using this platform. Once you’re on the platform you and your staff will have access to everything you need, such as a list of your transactions, reports, and information.
The best part about the feature you’ve chosen is it lets you to update automatically every day. Not only will they let you keep track of how much you’ve collected however, they can also help you track when your following payments are due.
The dashboard allows you to fully view the overall sales taxes in your business. It is also possible to export the data in the form of a CSV file, if you want to use it to aid in financial planning and accounting processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar helps organize and keep the track of all your sales channels. It means you don’t need to search for your documents when you’re when you’re in a pinch. Even if you already have your accountant, this function will help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have to cover other operational expenses.
What’s more is that TaxJar provides training and tutorials not only for their platform , but also all things related to sales tax. You can check out their guides, webinars, and blog for more information. Additionally the sales tax calculator should 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 establish your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing tiers and what each of those plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the most suitable plan for you if you need help in filing and reporting. It comes with the tax on sales, 4 annual AutoFiles for free, as well as an CSV import. With the starter plan, you can access their AI tax advice.
If you’re a small business proprietor, then this program could be ideal for you. It may not have all of TaxJar’s features, but it has the basic features you require.
You can also contact their customer support via their email support chart. You’ll also have access to their integration tools.
Professional
If you’re looking to get a bit more than just the basics, then the Professional plan might be the right one for you. It’s priced at $99 however, it could go up if you add custom features.
So how different is it from the starter plan?
In addition to accessing each of Starter plan’s options, you also have access to their support via phone access to APIs, as well as advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you have a massive enterprise, you may want to go for premium plans instead. It has all of the features you need to help with your taxes. Additionally, they permit unlimited data import integrations, API integrations, team members and AutoFiles.
There is also a team dedicated to managing your account. They don’t reveal the price of the Premium plan. will cost you. TaxJar Sales Not Accurate
However, they did say that the plan is custom-made for every user. Therefore, the cost will differ in line with what you require for your business.
Free Trial
It’s a good thing that you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to determine whether the software is the right choice for you.
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Pros and Cons
We’ve covered everything you should be aware of TaxJar let’s take a break. To sum it all up Here are the pros and cons of making use of TaxJar to run your business.
Pros
- Has a 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
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- Allows you to track 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
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies 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 aid in tracking your products and revenue however, it will help you meet your deadlines. It is also a great option for accountants as they have a Tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
Using TaxJar will help you reduce time and keep on top of each deadline and requirement you have to meet. If you’re living in an area with complex tax laws, this can definitely help you get your mind around it. TaxJar Sales Not Accurate
If handling your taxes is simple and straightforward, then TaxJar could be a waste of expense. If you have only one or two sales channels, TaxJar won’t be needed to keep track of everything. Moreover, if you find the whole 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 Sales Not Accurate
What areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transaction amounts are n USdollars. If you’re using another currency, you’ll have to convert it to US$ prior to when TaxJar determines your tax.
