Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running an enterprise or not. Even more so if you do not have a background in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is filled with tasks to complete. If you don’t have enough money to hire an accountant, making it your own can be dangerous. If you overlook one thing, you might have to redo things again!
Most people want to avoid 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?
It is always possible to make our lives easier with tools such as TaxJar.
Here we’ll take a look at this life-saving tool and how it can help you. Although this is quite a long read it is possible to determine if TaxJar is what you need right now.
Are you looking watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
For those who like to read, then let’s get right into it.
What is TaxJar TaxJar State Filing Dates
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. It’s a solution for your entire sales tax life cycle. In addition, you can apply it across all of the sales channels you use to make sure you’re in compliance with your sales taxes. It simplifies the processes that require days to complete and finish within minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is widely used by online business owners 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 first things you’ll need to ensure you have a tax accounting platform perfectly integrates with your sales channel. If you have multiple sales channels, you must ensure that everything is in order. The last thing you want is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your critical data in one location. That way, there’s no requirement to collect information from multiple sources and then organize it on a single platform. All you have to do is connect TaxJar, it will take care of the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms that they can connect with:
Filing
TaxJar allows customers to file their sales taxes manually or through their AutoFile feature. In the purpose of this article, we’ll dig into both.
If you decide to go it alone, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing tax returns for income The team will guide you on managing these. But, it is up to you and your staff to complete everything on time. TaxJar is only there to guide you on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out the forms in a manual manner. This feature will ensure that everything is automated, from calculating taxes on sales to recording and processing it. There could be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to assist you with your accounting woes. The orders you place through your online channels can be compiled into one dashboard using this platform. From there you and your staff can access everything you need, like the list of transactions, reports, as well as information.
The best part about this option is the fact that it allows you to update your account automatically each day. They not only let you keep track of how much you’ve accumulated and how much you’ve earned, but they also let you track when your following payment is due.
The dashboard allows users to view in detail the overall sales taxes within your company. It is also possible to export the data as a CSV file if you need it to aid in financial planning and accounting processes or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar helps you organize and keep track of all of the sales avenues you use. It means you don’t need to scramble for your documents when you need them in the event of a need. Even if you already have your accountant, this feature can help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll know better how much budget you have to cover other operational expenses.
But what’s even better is that TaxJar offers training and tutorials not only for their platform but everything that has to do with sales tax. You can look through their guides, webinars, as well as their blog to find more information. In addition the sales tax calculator should be helpful if you’re planning on do everything on your own.
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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 capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing structures and what each of those choices can provide you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan starts at $19. They say it’s the best plan to help you with filing requirements or reporting. It also includes the tax on sales, four annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a smaller company manager, the plan could be ideal for you. It might not include all the features of TaxJar, but it has the basic features you require.
You can also contact their customer support via their support chart for email. You’ll also be able to use their integration features.
Professional
If you’re looking for something that is more than the standard features, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
How different is it from the starter plan?
In addition to having access to each of Starter plan’s features, you also have the support of their customer service via phone Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
Premium
If you own a huge company, you may need to opt for an upgrade instead. It includes all of the features that you require to help with your taxes. Moreover, they allow unlimited integrations with data imports, API integrations, team members, and AutoFiles.
They also have a team who are devoted to managing your account. They don’t reveal how much the Premium plan is going to cost. TaxJar State Filing Dates
But they did state that the plan is custom-made to 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 see if this platform is right for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is an excellent fit for you.
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Pros and Cons
Now that we’ve covered all you should know about TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of making use of TaxJar for your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features 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 possible to integrate it with other platforms
- You can track several sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to 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 is an excellent platform for companies that have many sales channels and utilizes numerous platforms. If that sounds like what you do, then you ought to try this.
Not only will it aid in tracking your revenue and products, but it can help you meet your deadlines. It is also a great opportunity for accountants since they provide the Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar can help you save more time while keeping on top of each deadline and obligation you have to fulfill. If you’re in an area with complex tax regulations, this will certainly help you to get your head around the subject. TaxJar State Filing Dates
But if handling your taxes is straightforward, then TaxJar may be an unnecessary expense. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. In addition, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better to do it by yourself.
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FAQ TaxJar State Filing Dates
Which areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it into US$ before TaxJar determines the tax.
