Taxes have always been among the hardest things to do, whether you’re running an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is filled with tasks to complete. When you’re not able to afford enough money to employ an accountant, doing it on your own can be dangerous. If you miss one detail and you don’t know it, you may have to redo things again!
Almost everyone wants to skip this step. But since it’s required, we have no choice.
What is the best way to deal with it?
We can always simplify our lives by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving tool and how it can help you. Although this is quite lengthy it is possible to assess whether TaxJar is exactly what you need today.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, then let’s dive right in.
What is TaxJar TaxJar State Taxes
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. TaxJar is a solution to the entire life cycle. Additionally, you can use it across all your channels of sales to ensure that you are in compliance with sales tax requirements. It simplifies the processes that require days to complete and can be completed in a matter of minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is used extensively by business owners who run online businesses to keep everything simple and organized. Let’s take a look at their features and services.
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Services and features
Integration
One of the first things you’ll need to make sure you have a tax accounting software seamlessly works well in conjunction with the sales channels you use. If you’re using 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 lets you display your key metrics in one place. That way, there’s no need to gather information from multiple sources and organize it into a single platform. All you have to do is to integrate TaxJar it will do all the rest.
In addition, TaxJar also integrates with other platforms that can help with payments. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar allows customers to submit their sales tax by hand or using the AutoFile feature. In the purpose of this article, we’ll dig at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. 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 to you and your staff to complete everything within the timeframe. TaxJar is only there to guide you on what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. This feature will ensure that everything will be automated from calculating taxes on sales in order to record and process it. However, there might be additional charges if they are not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to ease your accounting woes. Your orders from your e-commerce channels can be compiled into one dashboard using this platform. From there you and your staff can access everything you require, including the list of transactions, reports, and information.
The most appealing aspect of the feature you’ve chosen is they allow you to update your account automatically each day. Not only will they let to know the amount you’ve accumulated and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard also allows you to fully view the sales tax totals in your business. It is also possible to export the information to the form of a CSV file in case you require it to aid in financial planning and accounting processes or if you require it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of the sales avenues you use. This means that you don’t have to hunt for your paperwork whenever you’re when you’re in a pinch. Even when you already have your accountant, this function will make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will help you plan your funds more effectively. You’ll be aware of the budget you have available for other operating expenses.
But what’s even better is that TaxJar offers tutorials and training, not just for their platform , but also everything related to sales tax. Check out their webinars, guides as well as their blog to find more info. Apart from that the 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 understand how important it is to set your budget. Certain platforms have amazing features, but they can be too costly for the business you run. This is why in this section 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.
Starter
The Starter plan starts at $19. The company claims that it’s the most effective plan to help you in filing and reporting. It comes with the tax on sales, four free yearly AutoFiles, and the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale company manager, the plan will be ideal for you. It might not include all of TaxJar’s features, but it has the essentials that you need.
You can also contact their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking to get a bit more than just the basics Professional could be the one for you. It starts 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 all of the Starter plan’s features, you also have their support via phone access to APIs, as well as sophisticated CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you have a massive business, you might need to choose premium plans instead. It has all of the features needed to help with your taxes. Moreover, they allow unlimited integrations with data imports, API integrations, team users, and AutoFiles.
They also have a staff who are devoted in managing your accounts. But, they don’t divulge how much the Premium plan costs you. TaxJar State Taxes
But they did state that the plan is custom-made for every user. Therefore, the cost will differ depending on what you need to run your business.
Free Trial
Fortunately, you don’t need to risk your money to determine if this service is the right one for you. If you’re still looking into various options, they provide 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 Pros and
We’ve covered everything you need to know about TaxJar Let’s relax. To sum it all up we’ll go over the advantages and disadvantages of using TaxJar for your company.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides 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
- Some countries won’t be able to access the API feature
- Only applicable for USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes many platforms. If this sounds like the way you do, then you should try this.
Not only will it aid in tracking your revenue and products, but it can help you meet your deadlines. This is also an excellent option for accountants as they offer the Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar can allow you to get more done while keeping track of every deadline and requirement you have to meet. If you live in a place with complicated tax laws, this can definitely help you get your head around it. TaxJar State Taxes
However, if managing your taxes is simple, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire procedure simple to follow then you’re better in doing it all by yourself.
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FAQ TaxJar State Taxes
What are the areas in which TaxJar offer API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transaction amounts are n US$. If you’re using another currency, you will need to convert it into US$ before TaxJar will calculate your tax.
