Taxes have always been among the hardest things to do regardless of whether you’re running an enterprise or not. Particularly if you don’t have any experience in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is full of things to be done. When you’re not able to afford enough money to engage an accountant performing the task on your own could be risky. If you overlook one thing it could mean you have to redo things again!
Most people want to avoid this step. But since it’s required, we have no choice.
So , what can we do ?
We can always make our lives easier by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving device and how it can assist you. Although this is quite lengthy it is possible to determine if TaxJar is exactly what you need today.
Prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, then let’s get right into it.
What is TaxJar TaxJar Washington
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it in all of 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 only a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by online business owners to make their business more organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check is that your accounting tax platform seamlessly works well with your sales channel. If you’re using multiple sales channels, it is essential to keep everything in place. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one spot. So, there’s no need to gather information from multiple sources and then organize it on one platform. All you have to do is integrate TaxJar and the platform will handle the rest.
In addition, TaxJar also integrates with other platforms that help with 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. For our review we’ll take a look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect your sales platforms. When the time is right for filing income tax returns, the team will instruct you on how to manage these. It is up to you and your team members to complete the process in time. TaxJar is only there to help you understand what you need to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. With this feature, everything will be automated, from calculating sales taxes to recording and processing it. However, there might be extra fees if not part of the plan you select.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to help you with your accounting problems. The orders you place through your online channels can be compiled into a single dashboard via this platform. Once you’re on the platform, you and your team can access everything you require, including a list of your transactions, reports, as well as information.
The most appealing aspect of this option is the fact that it lets you to automatically update every day. They not only let you keep track of how much you’ve accumulated, but they also help you track when your following payments are due.
Their dashboard can also allow users to view in detail the sales tax totals for your business. You can also export the information to CSV format. CSV file, if you want to use it in your financial planning and accounting processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the channels you sell through. It means you don’t need to hunt for your paperwork whenever you’re in the event of a need. Even even if you already have an accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will help you plan your funds better. You’ll be aware of the budget you have for other operating expenses.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also all things related to sales tax. You can check out their webinars, guides or blog posts for additional details. In addition their sales tax calculator can be beneficial when you’re planning to take on the entire task 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 costly for the business you run. For this reason, we’ll look into TaxJar’s pricing structures and what each of those plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan is priced at $19. They say it’s the best plan for those who need assistance in filing and reporting. It includes sales tax reporting, 4 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 company owner, this plan could be ideal for you. It may not have all the features offered by TaxJar however, it does include the basic features you require.
In addition, you can reach their support team with their email support chart. You’ll also have access to their integration features.
If you’re looking for a bit more than just the basics, then the Professional plan might be the right one for you. It’s priced at $99 however, it could go up by adding custom features.
What is the difference from the basic plan?
In addition to having access to each of Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you own a huge company, you may need to go for an upgrade instead. It includes all of the features that you require to help with your taxes. Additionally, they permit unlimited data import integrations API integrationsfor team users as well as AutoFiles.
There is also a team who are devoted in managing your accounts. They don’t reveal the amount that the Premium plan is going to cost. TaxJar Washington
But they did state that the plan is custom-made to each user. The cost of the plan will be different in line with what you require for your company.
It’s a good thing that you don’t have to risk your money to determine if this service is right for you. If you’re still considering other options, they have 30 days of free trial. This should give you enough time to see if the platform is an excellent fit for you.
Pros and Pros and
We’ve covered everything you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over 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
- Offers on the internet for sales tax calculator.
- Support Service Team
- The dashboard is simple 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
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for 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 many platforms. If that sounds like what you do, then you ought to try this.
Not only can it help you track the sales and profits of your business, but it can also help you meet your deadlines. It’s also an excellent platform for an accountant since they have the Tax Advisor program. There are tips to follow and learn from their sessions on taxes by using it.
Using TaxJar can help you reduce time and keep on top of each deadline and requirement you have to fulfill. If you’re in an area with complex tax laws, this will certainly help you to get your mind around it. TaxJar Washington
If handling your taxes is straightforward, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. If you find the entire process easy to do then you’re better to do it by yourself.
FAQ TaxJar Washington
What areas does TaxJar offer API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transactions’ amounts are in USdollars. If you’re using a different currency, you’ll need to convert it into USdollars before TaxJar determines the tax.