Taxes are always one of the most difficult things to handle, whether you’re running a business or not. Even more so if you do not have any experience in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. If you don’t have the budget to employ an accountant, performing the task on your own could be risky. If you miss one detail and you don’t know it, you may need to repeat the process!
Most people want to skip this step. But , as it’s a requirement and mandatory, there’s no other choice.
So what can we do ?
We can simplify our lives by using tools like TaxJar.
We’ll look at this well-known life-saving tool and explain how it can help you. Although this is quite lengthy it is possible to determine if TaxJar is what you need right now.
Do you prefer video streaming instead? 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 dive right in.
What exactly is TaxJar? TaxJar Texas Marketplace Sales Tax
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it across all your sales channels to make sure you’re in compliance with your sales taxes. It makes the process simpler that could take days to complete and finish within only a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by online business owners to ensure that everything is simple and organized. Let’s explore their features and services.
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Services and features
Integration
One of the first things you’ll want to check you have a tax accounting system perfectly integrates with your sales channel. If you’re selling through multiple channels, you need to maintain everything in line. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar lets you display your most important data in one location. This means that there is no requirement to collect data in multiple channels and then organize it on a single platform. All you have to do is to integrate TaxJar, then the system will take care of the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar lets customers make sales tax filings by hand or using TaxJar’s AutoFile feature. In this review, we’ll look at both.
If you decide to go it alone, TaxJar will allow you to connect all of your sales platforms. When the time is right for filing income tax returns TaxJar will train you on how to handle them. However, it will be up for you and your team members to complete the process on time. TaxJar will only help you understand what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means 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 in order to record and process it. There could be additional charges if they are not part of the plan you select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be put together into a single dashboard through this platform. From there you and your staff will have access to all the information you need, like a list of your transactions, reports, and data.
The best part about the feature you’ve chosen is it allows you to automatically update every day. They not only let you know how much you’ve earned however, they can also help you determine when your next payments are due.
Their dashboard also allows users to view in detail the sales tax totals within your company. It is also possible to export the information as 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 helps organize and keep track of all of your sales channels. This means that you don’t have to scramble for your documents when you’re in the event of a need. Even when you already have your accountant, this feature can help them be more efficient.
Additionally, knowing the figures 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 available for other operational expenses.
What’s more is that TaxJar offers training and tutorials not only on their platform, but everything connected to sales tax. Check out their webinars, guides, as well as their blog to find more details. In addition, their sales tax calculator is useful if you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing levels and the features that each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. They say it’s the best plan to help you in filing and reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you can access their AI tax advice.
If you’re a small-scale company proprietor, then this program should be perfect for you. It may not have all of TaxJar’s features however, it does include the basic features you require.
Additionally, you can contact their customer support via their support chart for email. You’ll also have access to their integration features.
Professional
If you’re looking for something that is more than the basic features Professional may be the best option for you. It starts at $99, but it can go higher if you add custom features.
How different is it from the basic plan?
Apart from having access to every one of Starter plan’s features, you also get access to their support via phone access to APIs, as well as the ability to do advanced CSV import. You can also have 12 free AutoFiles each year.
Premium
If you run a large company, you may need to choose an upgrade instead. It comes with all the features that you require to make your tax filing easier. In addition, they offer unlimited import integrations of data as well as API integrations, team members and AutoFiles.
There is also a team that is devoted to managing your account. But, they don’t divulge how much the Premium plan costs you. TaxJar Texas Marketplace Sales Tax
But they did state that this plan is customized for every user. The cost of the plan will be different according to what you require for your business.
Free Trial
Fortunately, you don’t need to risk your money to find out if the platform is for you. If you’re still looking into other options, they have a 30-day free trial. This should be enough time to gauge whether the service is a good fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
Now that we’ve covered all you should know about TaxJar Let’s relax. To summarize Here are the pros and cons of the use of TaxJar for your company.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms
- Allows you to track multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t 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 laid out TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes numerous platforms. If that sounds like what you’re doing, then you ought to try this.
Not only can it aid in tracking your revenue and products, but it can assist you in meeting the deadlines you set. This is also an excellent option for accountants as they have the Tax Advisor program. You can get tips and get knowledge from their seminars regarding taxes via it.
Utilizing TaxJar will help you save more time while keeping the track of each deadline and obligation you have to meet. If you’re living in a region with a lot of tax regulations, this will certainly help you to get your mind around it. TaxJar Texas Marketplace Sales Tax
If handling your taxes is simple If it isn’t, then TaxJar might not be a good investment. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you find the whole procedure easy to complete, you might be better off doing it on your own.
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FAQ TaxJar Texas Marketplace Sales Tax
What are the areas in which TaxJar offer API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transaction amounts are n US$. If you’re using another currency, you’ll need to convert it to USUSD prior to when TaxJar will calculate the tax.
