Taxes have always been among the most difficult tasks to complete regardless of whether you’re running your own business or not. Particularly if you don’t have a background in finance or accounting. Tax-related issues can be overwhelming, particularly when your whole day is packed with things to do. In the event that you do not have the budget to engage an accountant doing it on your own could be dangerous. If you miss one detail, you might need to repeat the process!
Almost everyone wants to skip this step. But , as it’s a requirement to be done, we can’t choose not to.
So what is the best way to deal with it?
We can make life easier by using tools like TaxJar.
We’ll look at this life-saving tool and explain how it can help you. Even though this is an extensive read but you’ll be able to assess whether TaxJar is the tool you require right now.
Prefer to watch videos instead? Watch 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 we’ll dive right into.
What is TaxJar? TaxJar Shipping Tax Calculator
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. It is a solution for the entire life cycle. In addition, you can apply it across all your sales channels to ensure that you are in compliance with your sales taxes. It simplifies the processes that take days to complete and is completed in just a few only a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to make their business more organized and straightforward. Let’s explore the benefits and features of TaxJar.
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Features and services
Integration
One of the most important things you’ll need to ensure is that your accounting tax system perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to ensure that everything is in order. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your most important metrics in one spot. This means that there is no need to gather data from different channels and then organize it on one platform. All you need to do is connect TaxJar it will do all the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar allows customers to make sales tax filings by hand or using the AutoFile feature. For our 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 income tax returns TaxJar will train you on how to manage them. But, it is up for you and your team to complete the process in time. TaxJar is only there to help you understand what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated from calculating sales tax through recording, and then processing them. There could be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting woes. The orders you place through your online channels can be put together into one dashboard using this platform. From there you and your team will have access to everything you require, including a list of your transactions, reports, and data.
The most appealing aspect of this feature is that it lets you to update your account automatically each day. They not only let you keep track of how much you’ve accumulated, but they also help you determine when your next payments are due.
Their dashboard also allows users to view in detail the total sales tax in your business. It is also possible to export the data to the form of a CSV file in case you require it in your financial planning and accounting processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep on top of all the sales avenues you use. It means you don’t need to scramble for your documents when you need them in a pinch. Even if you already have your accountant, this function can make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your funds better. You’ll know better how much budget you have available for other operational costs.
What’s more is that TaxJar offers tutorials and training, not just on their platform, but for anything that has to do with sales tax. You can check out their webinars, guides or blog posts for additional information. Additionally the sales tax calculator is helpful if you’re planning on do everything on your own.
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How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. This is why in this section we’ll examine TaxJar’s pricing tiers and the features that each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. They say it’s the most effective plan to help you with filing requirements or reporting. It comes with the tax on sales, four annual AutoFiles for free, as well as an CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale company owner, this plan should be perfect for you. It may not have all of TaxJar’s features however, it does include the essentials that you need.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration tools.
Professional
If you’re looking for something that is more than the basic features, then the Professional plan might be the right one for you. It’s priced at $99 but you can increase it when you add additional features.
So how different is it from the original plan?
In addition to accessing every one of Starter plan’s options, you also have access to their support via phone, API access, and advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
Premium
If you own a huge business, you might need to go for premium plans instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited import integrations of data, API integrationsfor team members as well as AutoFiles.
They also have a team that is devoted to managing your account. They don’t reveal the price of the Premium plan. will cost you. TaxJar Shipping Tax Calculator
However, they did mention that this plan is tailor-fit for every user. Therefore, the cost will differ depending on what you need for your company.
Free Trial
Luckily, you don’t have to gamble your money just to see if this platform is for you. If you’re still considering different options, they offer 30 days of free trial. This should be enough time to determine whether the software is the right choice for you.
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Pros and Cons
Now that we’ve covered all you must know about TaxJar Let’s relax. In order to sum up the whole thing Here are the pros and cons of the use of TaxJar for your business.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support Service Team
- The dashboard is simple 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
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 valid for USA customers
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes many platforms. If that sounds like what you do, then you should try this.
Not only will it assist you in keeping track of the sales and profits of your business, but it can also help you meet your deadlines. It is also a great option for accountants as they provide a Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar will help you save more time while keeping track of every deadline and obligation you have to fulfill. If you live in a place with complicated tax regulations, this will definitely help you get your mind around it. TaxJar Shipping Tax Calculator
But if handling your taxes is simple If it isn’t, then TaxJar might not be a good investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. If you’re finding the entire procedure simple to follow then you’re better in doing it all by yourself.
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FAQ TaxJar Shipping Tax Calculator
What are the areas in which TaxJar provide API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions’ amounts are in US$. If you’re using another currency, you will need to convert it into USUSD before TaxJar can calculate the tax.
