Taxes are always one of the most difficult things to handle, whether you’re running a business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when you’re full of things to be done. When you’re not able to afford the budget to employ an accountant, doing it on your own can be dangerous. If you miss one detail it could mean you have to redo things again!
Almost everyone wants to skipping this step. But , as it’s a requirement and mandatory, there’s no other choice.
So what can we do ?
It is always possible to simplify our lives by using tools like TaxJar.
We’ll look at this life-saving tool and explain how it can assist you. Although this is quite an extensive read, you should be able to determine if TaxJar is what you need today.
Do you prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
If you prefer to read, let’s dive right in.
What exactly is TaxJar? TaxJar Washington Sales Tax Resources
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It is a solution for the entire life cycle. In addition, you can apply it across all of your sales channels to make sure you’re in compliance with your sales taxes. It streamlines processes that require days to complete and finish within minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by owners of online businesses to make their business more simple and organized. Let’s look into their features and services.
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Features and services
Integration
One of the most important things you’ll want to check is that your accounting tax platform is compatible with your sales channel. If you’re using multiple sales channels, you need to keep everything in place. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your key data in one location. This means that there is no requirement to collect data in multiple channels and organize it into one platform. All you need to do is to integrate TaxJar and the platform will take care of all the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms they are able to integrate with:
Filing
TaxJar allows clients to file their sales taxes by hand or using their AutoFile feature. For our review we’ll look into both.
If you opt to do it manually, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing income tax returns, the team will instruct you on how to manage them. It is up to you and your team members to complete everything within the timeframe. TaxJar is there to 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, which means you don’t have to fill out all forms by hand. Through this feature, everything will be automated from calculating taxes on sales to recording and processing them. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be combined into one dashboard using this platform. From there you and your team will have access to everything you need, such as an inventory of your transactions, reports, and information.
The best part about this option is the fact that it lets you to automatically update every day. Not only will they let you keep track of how much you’ve earned however, they can also help you determine when your next payment is due.
Their dashboard can also allow you to fully view the overall sales taxes for your business. Additionally, you can export the data as CSV format. CSV file in case you require it for your process of financial planning and accounting or if you require it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all the sales avenues you use. That means you won’t have to scramble for your documents when you need them in a pinch. Even when you already have your accountant, this feature will aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have to cover other operating costs.
But what’s even better is that TaxJar offers training and tutorials not only for their platform , but also all things related to sales tax. You can check out their guides, webinars, or blog posts for additional info. In addition their sales tax calculator should be useful if you’re planning to do everything on your own.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Certain platforms have amazing capabilities, but they’re often too costly for the business you run. That’s why for this section we’ll examine TaxJar’s pricing structures and what each of these plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan starts at $19. They say it’s the best plan if you need help with filing requirements or reporting. It comes with sales tax reporting, four autofiles for free each year, and an CSV import. Even with the basic plan, you will be able to access their AI tax recommendations.
If you’re a small business proprietor, then this program could be ideal for you. It may not have all the features offered by TaxJar however, it does include all the basics you require.
In addition, you can reach their support team with their email support chart. Additionally, you’ll have access to their integration features.
Professional
If you’re looking for something different from the basic features and options, then the Professional plan could be the one for you. It starts at $99, but you can increase it by adding custom features.
How different is it from the original plan?
Apart from having access to each of Starter plan’s features, you also get access to the support of their customer service via phone, API access, and the ability to do advanced CSV import. They also allow you to have 12 free AutoFiles each year.
Premium
If you run a large company, you may need to choose the Premium plan instead. It includes all of the features that you require to help with your taxes. In addition, they offer unlimited import integrations of data as well as API integrationsfor team users, and AutoFiles.
There is also a team that is devoted in managing your accounts. They don’t reveal how much the Premium plan costs you. TaxJar Washington Sales Tax Resources
But they did state that this plan is customized to each user. So the costs will vary depending on what you need for your business.
Free Trial
Luckily, you don’t have 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 30 days of free trial. This should give you enough time to determine whether the service is a good fit for you.
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Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar Let’s relax. To summarize Here are the pros and cons of using TaxJar for your company.
Pros
- Does the plan include a 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 easy 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
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only valid for USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform businesses with many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only will it aid in tracking your products and revenue It can assist you in meeting the deadlines you set. It is also a great platform for an accountant since they have a Tax Advisor program. You can get tips and gain knowledge from their workshops on taxes by using it.
Utilizing TaxJar can help you save more time while keeping on top of each deadline and obligation you have to fulfill. If you live in a region with a lot of tax laws, this will certainly help you to get your mind around it. TaxJar Washington Sales Tax Resources
If handling taxes is easy and straightforward, then TaxJar may be an unnecessary investment. If you only have one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you find the whole process easy to do and you’re comfortable with it, you may be better off doing it by yourself.
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FAQ TaxJar Washington Sales Tax Resources
Which areas does TaxJar provide API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it to USUSD before TaxJar can calculate your tax.
