Taxes are always one of the most difficult things to handle regardless of whether you run a business or not. Even more so if you do not have any experience in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is full of things to be done. When you’re not able to afford the budget to employ an accountant, doing it on yourself can be dangerous. If you make a mistake it could mean you need to repeat the process!
Almost everyone wants to skip this step. But , as it’s a requirement, we have no choice.
So what can we do about it?
We can always make our lives easier with tools such as TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can help you. While this is lengthy it is possible to assess whether TaxJar is the tool you require in the present.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, then let’s dive right in.
What exactly is TaxJar? TaxJar Sales Tax Texas
Founded in 2013, TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for the entire life cycle. In addition, you can apply it across all the sales channels you use to ensure compliance with your sales taxes. It simplifies the processes that require days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is widely used by online business owners to ensure that everything is neat and simple. Let’s explore the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to make sure is that your accounting tax platform seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you must ensure that everything is in order. The final thing you would like is to be penalized for not paying attention to a minor thing.
TaxJar allows you to show your key data in one location. That way, there’s no need to collect data from different channels and organize it into a single platform. All you need to do is integrate TaxJar it will handle all the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms they are able to integrate with:
TaxJar allows customers to submit their sales tax by hand or using the AutoFile feature. For this review, we’ll take a look at both.
If you opt to go it alone, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing tax returns for income The team will guide you on how to manage them. But, it is up to you and your staff to finish the tax returns within the timeframe. TaxJar will only help you understand 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 won’t need to fill out the forms in a manual manner. Through this feature, everything will be automated from calculating taxes on sales to recording and processing them. There could be additional charges if they are not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting woes. The orders you place through your online channels can be put together into a single dashboard through this platform. From there you and your staff will have access to everything you need, like a list of your transactions, reports and information.
The most appealing aspect of the feature you’ve chosen is it lets you to automatically update every day. Not only will they 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.
Their dashboard also allows users to view in detail the sales tax totals in your business. You can also export the data to CSV format. CSV file in case you require it in your process of financial planning and accounting or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. That means you won’t have to scramble for your documents when you’re when you’re in a pinch. Even if you already have your accountant, this function will make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time can help you allocate your funds more effectively. You’ll be aware of the budget you have for other operational costs.
What’s more is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also for anything connected to sales tax. Check out their guides, webinars, and blog for more details. Additionally, their sales tax calculator can be beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing levels and what each of those options can offer you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. They say it’s the most suitable plan for you if you need help with filing requirements and reporting. It comes with sales tax reporting, four annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a small-scale business owner, this plan will be perfect for you. It may not have all of TaxJar’s features, but it has all the basics you require.
In addition, you can reach the support team via their email support chart. Additionally, you’ll have access to their integration features.
If you’re looking for that is more than the basics Professional might be the right one for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the original 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. You can also receive 12 free AutoFiles every year.
If you run a large enterprise, you may want to opt for premium plans instead. It includes all of the features that you require to make your tax filing easier. Additionally, they permit unlimited integrations with data imports, Integrations with APIs, teams of members as well as AutoFiles.
They also have a staff who are devoted for managing the account. They don’t reveal how much the Premium plan costs you. TaxJar Sales Tax Texas
However, they did mention that this plan is tailor-fit to each user. The cost of the plan will be different according to what you require to run your business.
Luckily, you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still considering various options, they provide a 30-day free trial. This should give you enough time to gauge whether the service is a good fit for you.
Pros and Cons
After we’ve gone over everything you should know about TaxJar Let’s relax. To summarize, here are the pros and cons of making use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers an online sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable for USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to businesses with multiple sales channels and uses numerous platforms. If that sounds like what you’re doing, then you ought to try this.
Not only will it assist you in keeping track of the sales and profits of your business It can assist you in meeting your deadlines. This is also an excellent platform for an accountant since they offer a Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
The use of TaxJar will help you get more done while keeping track of every deadline and obligation you have to fulfill. If you’re living in an area with complex tax laws, this will surely help you wrap your mind around it. TaxJar Sales Tax Texas
But if handling taxes is easy, then TaxJar could be a waste of investment. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you find the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar Sales Tax Texas
What areas does TaxJar offer API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transaction amounts are n USdollars. If you’re using another currency, you’ll have to convert it to USdollars prior to when TaxJar determines your tax.