Taxes are always one of the most difficult things to handle regardless of whether you’re running an enterprise or not. Even more so if you do not have a background in finance or accounting. Tax-related work can be overwhelming, particularly when your whole day is packed with things to do. In the event that you do not have the funds to engage an accountant performing the task on yourself can be dangerous. If you miss one detail and you don’t know it, you may need to repeat the process!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what can we do about it?
We can simplify our lives by using tools like TaxJar.
We’ll look at this life-saving device and how it can assist you. Even though this is an extensive read but you’ll be able to assess whether TaxJar is what you need in the present.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What is TaxJar? TaxJar Salry
In 2013, TaxJar was established. TaxJar is an application that automatizes your filings, reports, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that can take days to complete, and is completed in 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.
How can this help you?
TaxJar is widely used by business owners who run online businesses to keep everything neat and simple. Let’s explore 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 is that your accounting tax platform perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must keep everything in place. The last thing you want is to be penalized for missing a single minor point.
TaxJar allows you to display your critical metrics in one spot. That way, there’s no need to gather information from multiple sources and sort it into one platform. All you have to do is integrate TaxJar, it will do the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar allows customers to submit their sales tax manually or through their AutoFile feature. In the purpose of this article, we’ll dig into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect your sales platforms. Once the time comes for the filing of income tax returns, the team will instruct you on how to handle them. However, it will be up for you and your team members to complete the process in time. TaxJar is only there to guide you on what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. Through this feature, everything is automated, from calculating sales taxes to recording and processing them. However, there might be extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting problems. The orders you place through your online channels can be put together into one dashboard using this platform. Once you’re on the platform, you and your team will have access to everything you need, like an inventory of your transactions, reports and information.
The greatest benefit of the feature you’ve chosen is they allow you to update automatically every day. Not only will they let you keep track of how much you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payments are due.
Their dashboard also allows you to fully view the total sales tax within your company. It is also possible to export the information to CSV format. CSV file if you need it for your process of financial planning and accounting or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of your sales channels. That means you won’t have to scramble for your documents when you need them in a pinch. Even if you already have your accountant, this feature can help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll know better how much budget you have for other operating costs.
What’s more is that TaxJar offers tutorials and training not only for their platform , but also all things that has to do with sales tax. You can look through their guides, webinars, as well as their blog to find more info. In addition their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing levels and the features that each of these plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the most effective plan to help you in filing and reporting. It includes taxes on sales and sales as well as 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale business manager, the plan should be ideal for you. It may not offer all of TaxJar’s features, but it has 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 capabilities.
Professional
If you’re looking for a bit more than just the basic features, then the Professional plan might be the right one for you. The price starts at $99 however, it could go up when you add additional features.
What is the difference from the starter plan?
In addition to accessing every one of Starter plan’s features, you also get access to their support via phone Access to APIs, phone support, and advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you own a huge company, you may need to go for an upgrade instead. It includes all of the features needed to aid in your tax preparation. In addition, they offer unlimited import integrations of data, Integrations with APIs, teams of users and AutoFiles.
They also have a team that is devoted to managing your account. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Salry
However, they did mention that this plan is tailor-fit for every user. The cost of the plan will be different depending on what you need for your business.
Free Trial
It’s a good thing that you don’t have to gamble your money just to find out if the platform is for you. If you’re still considering different options, they offer 30 days of free trial. This should give you enough time to determine whether the service is an excellent fit for you.
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Pros and Pros and
We’ve covered everything you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing Here are the pros and cons of using TaxJar for your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- It allows you to monitor multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable for USA customers
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid down, 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 can it aid in tracking the sales and profits of your business, but it can help you meet the deadlines you set. It’s also an excellent opportunity for accountants since they have tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Using TaxJar can help you get more done while keeping track of every deadline and obligation you have to meet. If you’re living in a place with complicated tax laws, this will surely help you wrap your head around it. TaxJar Salry
If handling taxes is easy If it isn’t, then TaxJar could be a waste of expense. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you find the entire procedure simple to follow, you might be better in doing it all on your own.
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FAQ TaxJar Salry
Which areas does 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 into TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions are in USdollars. If you’re using another currency, you’ll have to convert it into USUSD prior to when TaxJar can calculate the tax.
