Taxes have always been one of the most difficult things to handle regardless of whether you’re running an enterprise or not. Even more so if you do not have any experience in finance or accounting. Tax-related issues can be overwhelming, especially when you’re full of things to be done. If you don’t have enough money to engage an accountant doing it on yourself can be dangerous. If you overlook one thing it could mean you have to do it all over again!
Most people want to skip this step. But since it’s required and mandatory, there’s no other choice.
What is the best way to deal with it?
It is always possible to simplify our lives by using tools like TaxJar.
This article will take a look at this popular life-saving tool and how it can benefit you. Although this is quite a long read it is possible to assess whether TaxJar is exactly what you need right now.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
If you prefer to read, let’s dive right in.
What is TaxJar TaxJar Validate Zip Code
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Additionally, you can use it across all your channels of sales to make sure you’re in compliance with sales taxes. It simplifies the processes that require days to complete and is completed in just a few minutes.
TaxJar is used 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 look into the features and services offered by TaxJar.
Features and services
One of the first things you’ll want to check is your tax-reporting software seamlessly works well in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to maintain everything in line. The final thing you would like is to be penalized for missing a single minor point.
TaxJar allows you to display your key metrics in one spot. That way, there’s no requirement to collect information from multiple sources and sort it into one platform. All you need to do is connect TaxJar it will take care of all the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making 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 TaxJar’s AutoFile feature. In this review, we’ll dig at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. When it comes time to the filing of income tax returns TaxJar will train you on how to manage them. But, it is up for you and your staff to complete everything in time. TaxJar is only there to guide you on what you should accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating sales tax to recording and processing them. However, there might be extra fees if not part of the plan you choose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be put together into one dashboard using this platform. From there you and your team will have access to all the information you require, including a list of your transactions, reports, as well as data.
The best part about this feature is that it lets you to update automatically every day. Not only can they help to know the amount you’ve collected however, they can also help you determine when your next payment is due.
The dashboard allows you to fully view the total sales tax within your company. Additionally, you can export your data in a CSV file, if you want to use it to aid in financial planning and accounting processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep the track of all the sales avenues you use. That means you won’t have to scramble for your documents when you’re in a pinch. Even if you already have your accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time will help you plan your funds better. You’ll be aware of the budget you have for other operational expenses.
The best part is that TaxJar provides training and tutorials, not just for their platform but for anything connected to sales tax. You can look through their webinars, guides, or blog posts for additional information. Apart from that, their sales tax calculator can be beneficial when 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 provide amazing features, but they can be too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of those choices can provide you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. They say it’s the best plan for those who need assistance with filing requirements or reporting. It includes taxes on sales and sales as well as four annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you have access to 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, but it has the essentials that you need.
In addition, you can reach their support team with their support chart for email. You’ll also have access to their integration tools.
If you’re looking to get that is more than the basic features, then the Professional plan may be the best option for you. It starts at $99, however, it could go up when you add additional features.
What is the difference from the basic plan?
In addition to 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. They also allow you to have 12 free AutoFiles each year.
If you run a large business, you might need to go for an upgrade instead. It includes all of the features that you require to make your tax filing easier. Moreover, they allow unlimited import integrations of data, API integrationsfor team users and AutoFiles.
There is also a team that is devoted in managing your accounts. However, they don’t disclose the amount that the Premium plan is going to cost. TaxJar Validate Zip Code
But they did state that the plan is custom-made for each user. The cost of the plan will be different according to what you require for your business.
Fortunately, you don’t need to bet your life on it to see if this platform is the right one 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 determine if the platform is a good fit for you.
Pros and Cons
We’ve covered everything you should know about TaxJar let’s take a break. In order to sum up the whole thing we’ll go over the pros and cons of the use of TaxJar for your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides 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.
- You can track several 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 to USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid down, TaxJar can be a great platform companies with many sales channels and utilizes plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
It’s not just a way to aid in tracking your products and revenue It can assist you in meeting your deadlines. This is also an excellent platform for an accountant since they have tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
The use of TaxJar will help you save more time while keeping the track of each deadline and obligation you have to meet. If you’re in a place with complicated tax laws, this will definitely help you get your head around it. TaxJar Validate Zip Code
However, if managing your taxes is straightforward If it isn’t, then TaxJar could be a waste of expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you find the entire procedure easy to complete then you’re better off doing it by yourself.
FAQ TaxJar Validate Zip Code
What are the areas in which TaxJar provide API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I 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 with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions are in US$. If you’re using a different currency, you will need to convert it to USUSD prior to when TaxJar can calculate the tax.