Taxes have always been among the most difficult tasks to complete regardless of whether you run an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related issues can be overwhelming, especially when your whole day is filled with tasks to complete. When you’re not able to afford the funds to engage an accountant making it your own could be dangerous. If you overlook one thing, you might need to repeat the process!
Most people want to avoid this step. But , as it’s a requirement and mandatory, there’s no other choice.
So what can we do about it?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this life-saving device and how it can assist you. Even though this is an extensive read but you’ll be able to gauge whether TaxJar is the tool you require in the present.
Are you looking to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar? TaxJar Usa Address
In 2013, TaxJar was established. TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it across all of your sales channels to ensure that you are in compliance with sales taxes. It streamlines processes that take days to complete and can be completed in a matter of only a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, 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 simple and organized. Let’s take a look at the benefits and features of TaxJar.
Services and features
One of the first things you’ll need to ensure is that your accounting tax software seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to keep everything in place. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to show your most important metrics in one spot. So, there’s no need to collect data from different channels and then organize it on one platform. All you need to do is connect TaxJar and the platform will do the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms that they can connect with:
TaxJar allows clients to make sales tax filings by hand or using 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 those sales tools. When it comes time to the filing of income tax returns, the team will instruct you on managing the tax returns. However, it will be up to you and your team to complete the process within the timeframe. TaxJar will only help you understand what you need to accomplish, but not manage 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. This feature will ensure that everything will be automated from calculating sales tax through recording, and then processing it. There could be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your staff will have access to everything you require, including a list of your transactions, reports, and information.
The best part about this feature is that they allow you to automatically update every day. Not only can they help to know the amount you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payments are due.
The dashboard allows you to see the total sales tax for your business. Additionally, you can export the information in CSV format. CSV file, if you want to use it for your financial planning and accounting processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep on top of all the channels you sell through. This means that you don’t have to search for your documents when you’re in a pinch. Even if you already have your accounting firm, the feature can aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds better. You’ll be aware of the budget you have for other operating costs.
What’s more is that TaxJar offers training and tutorials not only for their platform but all things related to sales tax. You can look through their webinars, guides, and blog for more info. Additionally the sales tax calculator should be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Certain platforms have amazing capabilities, but they’re often too expensive for businesses. For this reason, we’ll look into TaxJar’s pricing levels and what each of those options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. They claim that it’s the best plan to help you in filing and reporting. It comes with taxes on sales and sales as well as 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you can access their AI tax tips.
If you’re a small company proprietor, then this program could be perfect for you. It may not offer all of TaxJar’s features however, it does include the basic features you require.
Additionally, you can contact their customer support via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for that is more than the basic features Professional may be the best option for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the original plan?
In addition to accessing every one of Starter plan’s features, you also have their support via phone, API access, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive business, you might need to opt for an upgrade instead. It includes all of the features that you require to make your tax filing easier. Moreover, they allow unlimited data import integrations as well as API integrations, team members as well as AutoFiles.
There is also a team who are devoted to managing your account. But, they don’t divulge the amount that the Premium plan will cost you. TaxJar Usa Address
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.
Fortunately, you don’t need to gamble your money just to find out if the platform is right for you. If you’re still considering different options, they offer a 30-day free trial. It should give you enough time to gauge if the platform is a good fit for you.
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.
- Has the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies that have many sales channels and utilizes many platforms. If that’s what you’re doing, then you ought to try this.
Not only can it assist you in keeping track of the sales and profits of your business however, it will also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they offer a Tax Advisor program. You can find tips and get knowledge from their seminars about taxes through it.
The use of TaxJar can help you save more time while keeping track of every deadline or requirement you need to meet. If you’re in an area with complex tax laws, this will definitely help you get your head around it. TaxJar Usa Address
But if handling taxes is easy If it isn’t, then TaxJar may be an unnecessary investment. If you have only one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you’re finding the entire procedure simple to follow, you might be better to do it on your own.
FAQ TaxJar Usa Address
What areas does TaxJar provide API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transactions are in US$. If you’re using another currency, you will need to convert it to USUSD before TaxJar will calculate the tax.