Taxes have always been among the most difficult things to handle, whether you’re running an enterprise or not. Particularly if you don’t have any experience in accounting or finance. Tax-related work can be overwhelming, particularly when you’re full of things to be done. If you don’t have the budget to hire an accountant, making it your own could be dangerous. If you make a mistake, you might need to repeat the process!
Almost everyone wants to avoid this step. But , as it’s a requirement and mandatory, there’s no other choice.
What is the best way to deal with it?
We can make life easier by using tools like TaxJar.
This article will take a look at this popular life-saving tool and explain how it can assist you. Even though this is lengthy it is possible to assess whether TaxJar is the tool you require right now.
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.
If you prefer to read, then let’s get right into it.
What is TaxJar? TaxJar Sst Free Services
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It is a solution for your entire sales tax life cycle. Additionally, you can use it in all of your channels of sales to make sure you’re in compliance with sales tax requirements. It streamlines processes that require days to complete and is completed in just a few just a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to ensure that everything is 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 seamlessly works well with your sales channel. If you’re selling through multiple channels, it is essential to keep everything in place. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your key data in one location. That way, there’s no need to collect data from different channels and organize it into one platform. All you have to do is connect TaxJar then the system will do the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms they can integrate with:
Filing
TaxJar allows customers to submit their sales tax by hand or using TaxJar’s AutoFile feature. In the purpose of this article, we’ll dig into both.
If you opt to go it alone, TaxJar will allow you to connect those sales tools. Once the time comes for the filing of income tax returns The team will guide you on how to manage the tax returns. But, it is up for you and your team members to complete the process in time. TaxJar is there to guide you on what you need to do but not 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. With this feature, everything will be automated, from calculating taxes on sales to recording and processing them. But, it is possible to incur additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting woes. All orders made through your e-commerce channels can be put together into a single dashboard through this platform. Once you’re on the platform you and your team will have access to all the information you require, including the list of transactions, reports, and the data.
The greatest benefit of this option is the fact that it allows you to update your account automatically each day. Not only will they let you know how much you’ve collected, but they also help you keep track of when the next payment is due.
The dashboard allows you to fully view the sales tax totals within your company. Additionally, you can export the information as the form of a CSV file if you need it in your process of financial planning and accounting or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps organize and keep track of all of your sales channels. This means that you don’t have to search for your documents when you’re in the event of a need. Even if you already have your accountant, this feature can make them more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your money more efficiently. You’ll know exactly how much budget you have for other operational costs.
But what’s even better is that TaxJar offers tutorials and training not only for their platform but everything connected to sales tax. Check out their webinars, guides, as well as their blog to find more info. In addition their sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to set your budget. Certain platforms have amazing features, but they can be too costly for your business. For this reason we’ll take a look at TaxJar’s pricing levels and the features that each of these options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan is priced at $19. They say it’s the best plan for those who need assistance with filing requirements or reporting. It also includes the tax on sales, 4 annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small company manager, the plan will be ideal for you. It may not offer all the features offered by TaxJar, but it has all the basics you require.
Additionally, you can contact 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 different from the standard features Professional might be the right one for you. It’s priced at $99 however, it could go up if you add custom features.
How different is it from the original plan?
In addition to having access to every one of Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and sophisticated CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you run a large company, you may need to go for the Premium plan instead. It includes all of the features needed to aid in your tax preparation. Additionally, they permit unlimited integrations with data imports, API integrations, team users as well as AutoFiles.
There is also a team that is devoted for managing the account. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Sst Free Services
However, they did mention 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
It’s a good thing that 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 give you enough time to determine whether the software is the right choice for you.
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Pros and Pros and
We’ve covered everything you should be aware of TaxJar Let’s relax. In order to sum up the whole thing, here are the pros and cons of using TaxJar for your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- Allows you to track 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.
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid down, 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 must try TaxJar.
It’s not just a way to aid in tracking your revenue and products however, it will assist you in meeting the deadlines you set. It is also a great option for accountants as they provide tax Advisor program. You can get tips and get knowledge from their seminars about taxes through it.
The use of TaxJar can help you get more done while keeping track of every deadline and requirement you have to fulfill. If you live in a region with a lot of tax laws, this can certainly help you to get your mind around it. TaxJar Sst Free Services
If handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary expense. If you only have one or two sales channels, TaxJar won’t be needed to track everything. If you’re finding the entire procedure easy to complete then you’re better in doing it all by yourself.
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FAQ TaxJar Sst Free Services
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions’ amounts are in USdollars. If you’re using another currency, you’ll have to convert it to USdollars prior to when TaxJar will calculate the tax.
