Taxes have always been among the most difficult things to handle, whether you’re running a business or not. Even more so if you do not have any experience in accounting or finance. Tax-related work can be overwhelming, particularly when your whole day is filled with tasks to complete. If you don’t have the budget to hire an accountant, making it yourself can be dangerous. If you miss one detail it could mean you have to do it all over again!
Almost everyone wants to skip this step. But , as it’s a requirement to be done, we can’t choose not to.
What can we do ?
We can make life easier with tools such as TaxJar.
This article will take a look at this well-known life-saving tool and explain how it can help you. Although this is quite lengthy, you should be able to determine if TaxJar is the tool you require today.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What is TaxJar TaxJar Sales Tax California
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. Additionally, you can use it across all of the sales channels you use to ensure that you are in compliance with sales tax requirements. It streamlines processes that require days to complete and is completed in just a few only a few minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by owners of online businesses to ensure that everything is simple and organized. Let’s explore the benefits and features of TaxJar.
Features and services
One of the first things you’ll need to ensure is that your accounting tax software perfectly integrates with your sales channel. If you’re selling through multiple channels, you must ensure that everything is in order. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your most important metrics in one spot. This means that there is no requirement to collect data from different channels and then organize it on one platform. All you have to do is to integrate TaxJar, it will take care of the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows clients to make sales tax filings either manually or via the AutoFile feature. In our review we’ll dig into both.
If you decide to manually file your tax returns, 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 the tax returns. But, it is up to you and your team to complete everything on time. TaxJar will only help you understand what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. With this feature, everything will be automated from calculating taxes on sales in order to record and process it. However, there might be additional costs if the feature is you do not include this feature in the plan you select.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be put together into a single dashboard through this platform. From there you and your team will have access to everything you need, like the list of transactions, reports and information.
The best part about the feature you’ve chosen is it allows you to automatically update every day. Not only can they help to know the amount you’ve earned however, they can also help you keep track of when the next payments are due.
Their dashboard can also allow you to fully view the overall sales taxes within your company. You can also export your data in a CSV file if you need it in your process of financial planning and accounting or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all the sales avenues you use. This means that you don’t have to scramble for your documents whenever you’re in the event of a need. Even when you already have your accountant, this function will make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds better. You’ll know better how much budget you have for other operating costs.
But what’s even better is that TaxJar provides training and tutorials not only for their platform , but also everything connected to sales tax. You can look through their guides, webinars, or blog posts for additional information. Additionally, their sales tax calculator is useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing structures and what each of those plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. The company claims that it’s the most effective plan for those who need assistance with filing requirements or reporting. It comes with taxes on sales and sales as well as four free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a small-scale company manager, the plan could be ideal for you. It may not have all of TaxJar’s features, but it has the essentials that you need.
Additionally, you can contact their support team with their support chart for email. Additionally, you’ll have access to their integration tools.
If you’re looking for a bit more than just the standard features Professional might be the right one for you. It starts at $99, but you can increase it by adding custom features.
What is the difference from the starter plan?
Apart from having access to every one of Starter plan’s features, you also have the support of their customer service via phone, API access, and advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you own a huge business, you might need to choose the Premium plan instead. It includes all of the features needed to make your tax filing easier. Moreover, they allow unlimited integrations with data imports, API integrationsfor team users, and AutoFiles.
They also have a team who are devoted in managing your accounts. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Sales Tax California
However, they did mention that the plan is custom-made for each user. The cost of the plan will be different depending on what you need for your company.
It’s a good thing that you don’t have to bet your life on it to determine if this service is for you. If you’re still considering other options, they have 30 days of free trial. It should give you enough time to see if the platform is a good fit for you.
Pros and Cons
We’ve covered everything you must know about TaxJar let’s take a breather. To summarize Here are the pros and cons of using TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies with multiple sales channels and uses numerous platforms. If that sounds like what you’re doing, then you must try TaxJar.
Not only will it assist you in keeping track of the sales and profits of your business, but it can assist you in meeting your deadlines. It’s also an excellent option for accountants as they have the Tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
Using TaxJar can help you save more time while keeping on top of each deadline and requirement you have to fulfill. If you’re in an area with complex tax laws, this will certainly help you to get your head around the subject. TaxJar Sales Tax California
However, if managing your taxes is simple If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you’re finding the entire process easy to do then you’re better off doing it on your own.
FAQ TaxJar Sales Tax California
What are the areas in which TaxJar provide API support?
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 to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions are in USdollars. If you’re using another currency, you’ll have to convert it into US$ prior to when TaxJar can calculate your tax.