Taxes have always been among the most difficult things to handle regardless of whether you run a business or not. Even more so if you do not have a degree in finance or accounting. Tax-related issues aren’t easy, particularly when you’re full of things to be done. In the event that you do not have the funds to hire an accountant, performing the task on your own can be risky. If you miss one detail, you might have to redo things again!
Almost everyone wants to avoid this step. However, since it’s mandatory, we have no choice.
So what is the best way to deal with it?
We can simplify our lives with tools such as TaxJar.
This article will take a look at this popular life-saving tool and explain how it can assist you. While this is lengthy it is possible to determine if TaxJar is the tool you require right now.
Are you looking watching videos rather than watch them? Watch 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, let’s dive right in.
What is TaxJar TaxJar Sales Tax Lookup
The company was founded in 2013 TaxJar is an application that automatizes your reporting, filings and sales tax calculation. TaxJar is a solution to the entire life cycle. Furthermore, you can utilize it in all of your channels of sales to ensure compliance with your sales taxes. It streamlines processes that can take days to complete, and is completed in just a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by business owners who run online businesses to keep everything 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 first things you’ll need to ensure you have a tax accounting software perfectly integrates along with sales funnels. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to get a penalty for missing a single minor point.
TaxJar lets you display your most important data in one location. So, there’s no need to collect information from multiple sources and then organize it on one platform. All you have to do is integrate TaxJar, it will take care of all the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of the platforms that they can connect with:
Filing
TaxJar allows customers to file their sales taxes either manually or via TaxJar’s AutoFile feature. In this review, we’ll look at both.
If you decide to go it alone, TaxJar will allow you to connect all the sales channels you use. Once the time comes for the filing of income tax returns, the team will instruct you on how to handle the tax returns. But, it is up to you and your staff to complete everything on time. TaxJar is only there to provide guidance on what you have to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out any forms manually. Through 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 choose.
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 combined into a single dashboard via this platform. Once you’re on the platform you and your team will have access to everything you require, including the list of transactions, reports, as well as the data.
The most appealing aspect of the feature you’ve chosen is it allows you to update automatically every day. They not only let to know the amount you’ve earned however, they can also help you track when your following payments are due.
The dashboard allows users to view in detail the sales tax totals for your business. You can also export the data to CSV format. CSV file, if you want to use it in your financial planning and accounting processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. This means that you don’t have to search for your documents when you’re when you’re in a pinch. Even if you already have your accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your money more efficiently. You’ll know better how much budget you have for other operational expenses.
The best part is that TaxJar offers tutorials and training, not just on their platform, but all things related to sales tax. You can look through their webinars, guides and blog for more info. In addition the sales tax calculator can be beneficial when you’re planning to complete everything yourself.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing features, but they can be too costly for the business you run. That’s why for this section we’ll examine TaxJar’s pricing tiers and what each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the most effective plan if you need help with filing requirements or reporting. It comes with taxes on sales and sales as well as four annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you have access to their AI tax recommendations.
If you’re a small business manager, the plan will be perfect for you. It might not include all of TaxJar’s features but it comes with all the basics you require.
In addition, you can reach the support team 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 might be the right one for you. The price starts at $99 but it can go higher by adding custom features.
So how different is it from the basic plan?
In addition to accessing all of the 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 receive 12 free AutoFiles every year.
Premium
If you own a huge enterprise, you may want to go for the Premium plan instead. It comes with all the features needed to help with your taxes. In addition, they offer unlimited import integrations of data as well as Integrations with APIs, teams of users, and AutoFiles.
There is also a team who are devoted to managing your account. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Sales Tax Lookup
However, they did say that this plan is tailor-fit for each 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 gamble your money just 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. This should give you enough time to determine whether the software is an excellent fit for you.
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Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar let’s take a breather. In order to sum up the whole thing Here are the advantages and disadvantages of using TaxJar for your company.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features save 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 is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t 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 provides a fantastic platform to companies with numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then you should try this.
It’s not just a way to assist you in keeping track of your revenue and products however, it will also help you meet your deadlines. This is also an excellent opportunity for accountants since they offer tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar will help you reduce time and keep track of every deadline and obligation you have to fulfill. If you’re in a region with a lot of tax laws, this will surely help you wrap your head around it. TaxJar Sales Tax Lookup
But if handling your taxes is simple, then TaxJar may be an unnecessary expense. If you only have one or two sales channels, TaxJar won’t be needed to track everything. In addition, if you find the whole process easy to do then you’re better off doing it by yourself.
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FAQ TaxJar Sales Tax Lookup
Which areas does TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions’ amounts are in US$. If you’re using another currency, you will need to convert it into US$ before TaxJar will calculate your tax.
