Taxes are always one of the most difficult things to handle, whether you’re running an enterprise or not. Even more so if you do not have a background in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. If you don’t have the funds to employ an accountant, doing it on yourself can be risky. If you overlook one thing, 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 simplify our lives with tools such as TaxJar.
This article will take a look at this life-saving device and how it can benefit you. Although this is quite an extensive read, you should be able to assess whether TaxJar is exactly what you need today.
Are you looking to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
But for those who prefer to read, then let’s get right into it.
What is TaxJar? TaxJar Sales Tax In California
Founded in 2013, TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It is a solution for the entire life cycle. Furthermore, you can utilize it across all of your channels of sales to ensure that you are in compliance with sales tax requirements. It streamlines processes that can take days to complete, and finish within just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is simple and organized. Let’s explore their features and services.
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Features and services
Integration
One of the most important things you’ll need to make sure is your tax-reporting platform is compatible with your sales channel. If you’re selling through multiple channels, you need to keep everything in place. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to show your critical data in one location. So, there’s no need to gather data in multiple channels and organize it into one platform. All you have to do is connect TaxJar, and the platform will take care of 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:
Filing
TaxJar allows customers to submit their sales tax either manually or via their AutoFile feature. For this review, we’ll take a look at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. When it comes time to filing tax returns for income The team will guide you on managing these. It is up for you and your team to finish the tax returns in time. TaxJar is only there to provide guidance on what you need to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit all forms by hand. With this feature, everything will be automated from calculating taxes on sales to recording and processing them. However, there might be additional charges if they are not included in the plan you select.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to ease 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 staff will have access to everything you require, including an inventory of your transactions, reports and information.
The greatest benefit of the feature you’ve chosen is it lets you to update automatically every day. They not only let you know how much you’ve earned and how much you’ve earned, but they also let you determine when your next payment is due.
The dashboard allows users to view in detail the sales tax totals within your company. You can also export the information to a CSV file if you need it to aid in accounting and financial planning 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. This means that you don’t have to hunt for your paperwork when you need them in the event of a need. Even if you already have your accountant, this function can make them more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your funds better. You’ll know better how much budget you have to cover other operating costs.
What’s more is that TaxJar offers tutorials and training and tutorials, not just for their platform but everything connected to sales tax. You can check out their webinars, guides or blog posts for additional details. Apart from that the sales tax calculator is beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. That’s why for this section we’ll take a look at TaxJar’s pricing structures and what each of those choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan is priced at $19. They claim that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It comes with taxes on sales and sales as well as four annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small-scale company owner, this plan will be ideal for you. It may not have all the features of TaxJar however, it does include the basic features you require.
In addition, you can reach their customer support via their support chart for email. You’ll also be able to use their integration tools.
Professional
If you’re looking for that is more than the basics and options, then the Professional plan may be the best option for you. It’s priced at $99 but it can go higher if you add custom features.
What is the difference from the basic plan?
In addition to accessing every one of Starter plan’s features, you also have their phone customer support, API access, and advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you have a massive company, you may need to go for an upgrade instead. It has all of the features that you require to make your tax filing easier. In addition, they offer unlimited data import integrations as well as API integrations, team members as well as AutoFiles.
They also have a staff that is devoted to managing your account. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Sales Tax In California
However, they did say that the plan is custom-made to each user. So the costs will vary according to what you require to run your business.
Free Trial
Fortunately, you don’t need to bet your life on it to find out if the platform is right for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is an excellent fit for you.
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Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a break. In order to sum up the whole thing, here are the advantages and disadvantages of the use of TaxJar for your company.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms
- It allows you to monitor 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 to USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies that have multiple sales channels and uses numerous platforms. If that’s what you’re doing, then you must try TaxJar.
Not only can it assist you in keeping track of your products and revenue, but it can help you meet the deadlines you set. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
Using TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to fulfill. If you live in a region with a lot of tax regulations, this will certainly help you to get your head around the subject. TaxJar Sales Tax In California
However, if managing your taxes is straightforward and straightforward, then TaxJar could be a waste of investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of everything. If you’re finding the entire procedure simple to follow, you might be better to do it on your own.
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FAQ TaxJar Sales Tax In California
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transaction amounts are n USdollars. If you’re using another currency, you’ll have to convert it into USUSD prior to when TaxJar determines the tax.
