TaxJar Sales Tax Blog

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Taxes have always been among the hardest things to do regardless of whether you’re running a business or not. Even more so if you do not have a background in finance or accounting. Tax-related tasks aren’t easy, particularly when your whole day is full of things to be done. When you’re not able to afford the budget to engage an accountant making it your own can be risky. If you make a mistake and you don’t know it, you may have to redo things again!

Nearly everyone would prefer to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.

So , what can we do ?

We can make our lives 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. Although this is quite lengthy it is possible to assess whether TaxJar is exactly what you need right now.

Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.

But for those who prefer to read, then we’ll dive right into.

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What is TaxJar? TaxJar Sales Tax Blog

Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It is a solution for the entire life cycle. Furthermore, you can utilize it in all of your channels of sales to make sure you’re in compliance with sales tax requirements. It streamlines processes that can take 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 as well as medical institutions.

How can it help you?

TaxJar is used extensively by owners of online businesses to make their business more organized and straightforward. Let’s look into the features and services offered by TaxJar.

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Features and services

Integration

One of the most important things you’ll need to make sure is your tax-reporting system perfectly integrates along with sales funnels. If you have multiple sales channels, you need to keep everything in place. The most important thing is not to get a penalty for overlooking just one minor detail.

TaxJar lets you display your critical data in one location. So, there’s no need to collect information from multiple sources and sort it into a single platform. All you have to do is integrate TaxJar then the system 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 they can integrate with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows customers to submit their sales tax manually or through their AutoFile feature. In the purpose of this article, we’ll look at both.

If you opt to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When it comes time to the filing of income tax returns The team will guide you on how to handle the tax returns. However, it will be up for you and your team to finish the tax returns within the timeframe. TaxJar is only there to guide you on what you should do but not handle it.

If you’d prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating sales tax to recording and processing them. However, there might be additional charges if they are not part of the plan you chose.

Sales Tax Reports

As mentioned earlier that you can utilize TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be put together into a single dashboard through this platform. From there you and your staff can access everything you need, like a list of your transactions, reports and information.

The best part about the feature you’ve chosen is it lets you to update your account automatically each day. They not only let you keep track of how much you’ve earned and how much you’ve earned, but they also let you determine when your next payments are due.

Their dashboard also allows users to view in detail the overall sales taxes within your company. You can also export your data to a CSV file, if you want to use it in your process of financial planning and accounting or if your team needs it for central reporting.

Training and Streamlining

TaxJar helps you organize and keep on top of all your sales channels. That means you won’t have to hunt for your paperwork when you’re in a pinch. Even if 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 help you plan your money more efficiently. You’ll know exactly how much budget you have to cover other operating costs.

The best part is that TaxJar offers training and tutorials, not just for their platform , but also everything connected to sales tax. You can look through their guides, webinars, or blog posts for additional details. Apart from that, 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 expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing tiers and what each of these options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.

Starter

The Starter plan is priced at $19. They claim that it’s the best plan to help you with filing requirements and reporting. It also includes sales tax reporting, 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you can access their AI tax tips.

If you’re a small business proprietor, then this program should be ideal for you. It may not offer all the features of TaxJar, but it has the essentials that you need.

In addition, you can reach the support team via their email support chart. Additionally, you’ll have access to their integration tools.

Professional

If you’re looking for something that is more than the standard features Professional may be the best option for you. It starts at $99, but it can go higher when you add additional features.

What is the difference from the basic plan?

In addition to having access to every one of Starter plan’s features, you also have their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.

Premium

If you own a huge enterprise, you may want to opt for the Premium plan instead. It includes all of the features you need to make your tax filing easier. Moreover, they allow unlimited integrations with data imports as well as API integrationsfor team members as well as AutoFiles.

They also have a team who are devoted to managing your account. But, they don’t divulge the price of the Premium plan. will cost you. TaxJar Sales Tax Blog

But they did state that the plan is custom-made for every user. The cost of the plan will be different according to what you require for your business.

Free Trial

It’s a good thing that you don’t have to risk your money to find out if the platform is right for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to see whether the service is an excellent fit for you.

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Pros and Cons

After we’ve gone over everything you must be aware of TaxJar let’s take a break. To summarize Here are the advantages and disadvantages of using TaxJar to run your business.

Pros

  • Has a Tax Advisor option for some plans
  • AutoFile features help to reduce time
  • Available in most USA states
  • Provides Taxes on sales online calculator
  • Support service team
  • The dashboard is simple to navigate
  • It offers a free trial of 30 days.
  • It can be integrated with other platforms.
  • You can track several sales channels

Cons

  • 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
  • Owners and accountants should check local legislation

The Final Verdict

With everything clearly laid down, TaxJar provides a fantastic platform to companies with many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then you should try this.

Not only can it aid in tracking your products and revenue however, it will also help you meet your deadlines. It is also a great opportunity for accountants since they provide a Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.

The use of TaxJar can help you reduce time and keep track of every deadline and obligation you have to meet. If you’re living in a region with a lot of tax regulations, this will definitely help you get your mind around it. TaxJar Sales Tax Blog

But if handling your taxes is straightforward If it isn’t, then TaxJar could be a waste of expense. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. If you find the entire procedure easy to complete, you might be better to do it on your own.

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FAQ TaxJar Sales Tax Blog

What areas does TaxJar offer API support?

TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.

Do I have the ability to connect Shopify into TaxJar?

Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.

Do I have the ability to convert every kind of currency using TaxJar?

Unfortunately, no. TaxJar doesn’t convert currencies. The transactions are in US$. If you’re using a different currency, you will need to convert it into USdollars before TaxJar determines your tax.

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