Taxes have always been among the hardest things to do regardless of whether you’re running your own business or not. More so if you don’t have a degree in accounting or finance. Tax-related work aren’t easy, particularly when you’re filled with tasks to complete. If you don’t have enough money to engage an accountant performing the task on your own could be dangerous. If you overlook one thing it could mean you have to do it all over again!
Almost everyone wants to avoid this step. But since it’s required, we have no choice.
So , what is the best way to deal with it?
It is always possible to simplify our lives by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and explain how it can benefit you. Even though this is lengthy but you’ll be able to gauge whether TaxJar is what you need right now.
Do you prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, then let’s get right into it.
What is TaxJar TaxJar Washington Sales Tax
In 2013, TaxJar was established. TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It is a solution for the entire life cycle. In addition, you can apply it in all of your sales channels to ensure compliance with sales taxes. It simplifies the processes that can take days to complete, and finish within just a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by owners of online businesses to keep everything organized and straightforward. Let’s look into the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to ensure is your tax-reporting platform perfectly integrates along with sales funnels. If you’re selling through multiple channels, you need to maintain everything in line. The most important thing is not to be penalized for missing a single minor point.
TaxJar lets you display your key data in one location. This means that there is no need to collect data from different channels and then organize it on one platform. All you have to do is integrate TaxJar, then the system will handle the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. In our review we’ll take a look at both.
If you choose to go it alone, TaxJar will allow you to connect all the sales channels you use. Once the time comes for the filing of income tax returns, the team will instruct you on how to manage them. But, it is up for you and your staff to complete the process within the timeframe. TaxJar is only there to help you understand what you should do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. Through this feature, everything is automated, from calculating sales taxes in order to record and process them. But, it is possible to incur extra fees if not part of the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use 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 can access everything you require, including the list of transactions, reports, and information.
The greatest benefit of the feature you’ve chosen is they allow you to update automatically every day. Not only can they help you know how much you’ve earned, but they also help you keep track of when the next payments are due.
Their dashboard can also allow you to fully view the total sales tax within your company. You can also export the data to CSV format. CSV file in case you require it for your financial planning and accounting processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. That means you won’t have to hunt for your paperwork when you need them when you’re in a pinch. Even when you already have your accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have to cover other operational expenses.
What’s more is that TaxJar offers tutorials and training and tutorials, not just on their platform, but for anything that has to do with sales tax. You can look through their guides, webinars, as well as their blog to find more info. Additionally, their sales tax calculator should be beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We know how crucial it is to set your budget. Certain platforms have amazing features, but they can be too expensive for businesses. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of these plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan costs $19. The company claims that it’s the most effective plan to help you with filing requirements and 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 advice.
If you’re a small business proprietor, then this program will be ideal for you. It might not include all of TaxJar’s features however, it does include the basic features you require.
In addition, you can reach their support team with their support chart for email. You’ll also be able to use their integration capabilities.
If you’re looking for that is more than the basics, then the Professional plan could be the one for you. It starts at $99, however, it could go up when you add additional features.
What is the difference from the original plan?
In addition to accessing every one of Starter plan’s options, you also have access to their support via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you run a large company, you may need to go for the Premium plan instead. It includes all of the features you need to help with your taxes. Moreover, they allow unlimited import integrations of data API integrations, team members and AutoFiles.
They also have a staff dedicated for managing the account. However, they don’t disclose the amount that the Premium plan is going to cost. TaxJar Washington Sales Tax
However, they did mention that the plan is custom-made for each user. So the costs will vary in line with what you require to run your business.
Luckily, you don’t have to gamble your money just to see if this platform is right for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should give you enough time to gauge if the platform is the right choice for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a breather. In order to sum up the whole thing Here are the advantages and disadvantages of the use of TaxJar to run 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 on the internet for sales tax calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only valid for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to businesses with multiple sales channels and uses many platforms. If that’s what you do, then you ought to try this.
It’s not just a way to help you track the sales and profits of your business, but it can assist you in meeting your deadlines. It is also a great platform for an accountant since they have a Tax Advisor program. You can get tips and get knowledge from their seminars about taxes through it.
Utilizing TaxJar can allow you to reduce time and keep track of every deadline and requirement you have to fulfill. If you’re living in a region with a lot of tax laws, this can certainly help you to get your head around the subject. TaxJar Washington Sales Tax
But if handling taxes is easy, then TaxJar might not be a good 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 find the entire procedure easy to complete, you might be better to do it by yourself.
FAQ TaxJar Washington Sales Tax
What areas does TaxJar offer 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 sync your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transaction amounts are n USdollars. If you’re using another currency, you’ll have to convert it into USdollars prior to when TaxJar can calculate your tax.