Taxes have always been one of the hardest things to do regardless of whether you’re running an enterprise or not. More so if you don’t have a background in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is full of things to be done. If you don’t have enough money to employ an accountant, performing the task on your own could be dangerous. If you make a mistake and you don’t know it, you may have to do it all over again!
Most people want to skipping this step. However, since it’s mandatory, we have no choice.
So what is the best way to deal with it?
It is always possible to make our lives easier by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can benefit you. While this is a long read, you should be able to assess whether TaxJar is exactly what you need right now.
Do you prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar TaxJar Utah Sales Tax
In 2013, TaxJar was established. TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it across all your channels of sales to make sure you’re in compliance with your sales taxes. It makes the process simpler that could can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by business owners who run online businesses to ensure that everything is simple and organized. Let’s look into their features and services.
Services and features
One of the first things you’ll want to check you have a tax accounting software perfectly integrates along with sales funnels. If you have multiple sales channels, you must ensure that everything is in order. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar allows you to display your most important metrics in one spot. That way, there’s no need to gather data from different channels and organize it into a single platform. All you need to do is integrate 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 the platforms that they can connect with:
TaxJar allows clients to make sales tax filings either manually or via the AutoFile feature. For this review, we’ll look at both.
If you decide to go it alone, TaxJar will allow you to connect your sales platforms. When it comes time to filing income tax returns TaxJar will train you on how to handle the tax returns. It is up for you and your team to complete everything in time. TaxJar is there to guide you on what you need to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out any forms manually. With this feature, everything will be automated, from calculating sales tax in order to record and process it. However, there might be additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be compiled into a single dashboard through this platform. Once you’re on the platform, you and your team will have access to everything you require, including the list of transactions, reports, as well as the data.
The most appealing aspect of this feature is that it lets you to update automatically every day. They not only let 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.
Their dashboard can also allow you to fully view the total sales tax in your business. Additionally, you can export the data to a CSV file in case you require it for your process of financial planning and accounting or if you require it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep on top of all the channels you sell through. It means you don’t need to hunt for your paperwork when you need them in the event of a need. Even when you already have your accounting firm, the feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds better. You’ll be aware of the 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 related to sales tax. You can check out their webinars, guides, as well as their blog to find more info. In addition the sales tax calculator should be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing structures and the features that each of these plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan costs $19. They claim that it’s the most suitable plan for you if you need help in filing and reporting. It also includes sales tax reporting, four free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a smaller business proprietor, then this program could be ideal for you. It may not have all the features of TaxJar however, it does include the essentials that you need.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for different from the basic features Professional might be the right one for you. The price starts at $99 however, it could go up when you add additional features.
How different is it from the original plan?
In addition to accessing all of the Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you own a huge enterprise, you may want to opt for the Premium plan instead. It comes with all the features needed to make your tax filing easier. In addition, they offer unlimited data import integrations as well as API integrations, team users and AutoFiles.
They also have a staff dedicated in managing your accounts. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Utah Sales Tax
But they did state that this plan is customized for every user. Therefore, the cost will differ depending on what you need for your business.
Fortunately, you don’t need to gamble your money just to see if this platform is the right one for you. If you’re still looking into different options, they offer a 30-day free trial. This should give you enough time to determine whether the service is a good fit for you.
Pros and Pros and
Now that we’ve covered all you should be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the advantages and disadvantages of using TaxJar for your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is simple 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
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable to USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes plenty of platforms. If that’s what you’re doing, then ought to try this.
It’s not just a way to assist you in keeping track of your products and revenue, but it can also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they provide a Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Using TaxJar will help you save more time while keeping track of every deadline or requirement you need to fulfill. If you’re in a place with complicated tax laws, this can definitely help you get your head around the subject. TaxJar Utah Sales Tax
But if handling taxes is easy, then TaxJar may be an unnecessary investment. If you only have one or two channels of sales, TaxJar won’t be needed to track all of it. In addition, if you’re finding the entire procedure simple to follow, you might be better to do it by yourself.
FAQ TaxJar Utah Sales Tax
What are the areas in which TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate 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 kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it into USdollars prior to when TaxJar can calculate the tax.