Taxes have always been among the most difficult things to handle regardless of whether you run your own business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re packed with things to do. When you’re not able to afford the budget to hire an accountant, doing it on your own could be dangerous. If you overlook one thing and you don’t know it, you may have to do it all over again!
Almost everyone wants to skip this step. However, since it’s mandatory, we have no choice.
So what is the best way to deal with it?
We can always make our lives easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and explain how it can assist you. While this is lengthy it is possible to determine if TaxJar is exactly what you need in the present.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar? TaxJar West Virginia Sales Tax
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it in all of your channels of sales to ensure compliance with sales tax requirements. It makes the process simpler that could require days to complete and is completed in just a few only a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by online business owners to ensure that everything is neat and simple. Let’s explore the benefits and features of TaxJar.
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Features and services
Integration
One of the most important things you’ll need to make sure is that your accounting tax system perfectly integrates with your sales channel. If you have multiple sales channels, it is essential to keep everything in place. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your key metrics in one spot. So, there’s no requirement to collect information from multiple sources and sort it into one platform. All you need to do is to integrate TaxJar it will take care of the rest.
Other than that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of platforms that they can connect with:
Filing
TaxJar lets customers file their sales taxes manually or through their AutoFile feature. In the purpose of this article, we’ll dig at both.
If you opt to do it manually, TaxJar will allow you to connect all of those sales tools. When the time is right for filing income tax returns, the team will instruct you on how to manage these. However, it will be up to you and your team to complete the process on time. TaxJar is only there to help you understand what you have to 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 submit any forms manually. Through this feature, everything is automated, from calculating sales taxes in order to record and process it. But, it is possible to incur extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your team will have access to all the information you require, including a list of your transactions, reports, and the data.
The greatest benefit of this feature is that it lets you to update your account automatically each day. Not only can they help to know the amount you’ve collected and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow you to see the total sales tax for your business. Additionally, you can export the information in a CSV file in case you require it in your financial planning and accounting processes or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps you organize and keep the track of all the sales avenues you use. This means that you don’t have to scramble for your documents when you need them in a pinch. Even when you already have your accounting firm, the feature will aid them in being more efficient.
Moreover, knowing the estimates for your sales tax in advance 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 offers tutorials and training, not just for their platform but all things connected to sales tax. You can look through their webinars, guides or blog posts for additional info. Apart from that the sales tax calculator is helpful if you’re planning on do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan starts at $19. The company claims that it’s the most suitable plan for you to help you 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 will be able to access their AI tax recommendations.
If you’re a small-scale business manager, the plan should be perfect for you. It may not offer all the features of TaxJar but it comes with all the basics you require.
In addition, you can reach their customer support via their email support chart. Additionally, you’ll have access to their integration features.
Professional
If you’re looking for something different from the basics and options, then the Professional plan could be the 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 accessing all of the 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. You can also receive 12 free AutoFiles every year.
Premium
If you own a huge company, you may need to go for the Premium plan instead. It includes all of the features you need to help with your taxes. Additionally, they permit unlimited import integrations of data as well as API integrations, team members and AutoFiles.
There is also a team dedicated for managing the account. They don’t reveal the price of the Premium plan. is going to cost. TaxJar West Virginia Sales Tax
But they did state that this plan is tailor-fit to each user. So the costs will vary depending on what you need for your company.
Free Trial
Luckily, you don’t have to gamble your money just to determine if this service is right for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. This should give you enough time to see whether the service is the right choice for you.
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Pros and Cons
We’ve covered everything you should know about TaxJar let’s take a breather. To sum it all up, here are the pros and cons of the use of TaxJar for your company.
Pros
- Has 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 easy to navigate
- Offers a 30-day free trial
- 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 have access to the API feature
- Only applicable to USA customers.
- Needs accountants and owners to check local legislation
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies with multiple sales channels and uses plenty of platforms. If that sounds like what you’re doing, then should try this.
Not only can it help you track your products and revenue, but it can help you meet the deadlines you set. This is also an excellent opportunity for accountants since they provide the Tax Advisor program. You can find tips and learn from their sessions about taxes through it.
The use of TaxJar can help you reduce time and keep on top of each deadline and obligation you have to meet. If you’re in an area with complex tax laws, this will definitely help you get your head around the subject. TaxJar West Virginia Sales Tax
But if handling taxes is easy, then TaxJar could be a waste of expense. If you have only one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you’re finding the entire procedure simple to follow, you might be better off doing it on your own.
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FAQ TaxJar West Virginia Sales Tax
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions are in US$. If you’re using a different currency, you’ll have to convert it to US$ before TaxJar will calculate the tax.
