Taxes have always been among the hardest things to do, whether you’re running your own business or not. Even more so if you do not have a degree in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. In the event that you do not have the budget to hire an accountant, performing the task on your own could be dangerous. If you overlook one thing, you might need to repeat the process!
Nearly everyone would prefer to skipping this step. But since it’s required to be done, we can’t choose not to.
So , what can we do ?
It is always possible to make life easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can benefit you. While this is an extensive read but you’ll be able to assess whether TaxJar is what you need in the present.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
But for those who prefer to read, we’ll dive right into.
What is TaxJar? TaxJar Where To Find Manually File
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. TaxJar is a solution to the entire life cycle. Additionally, you can use it across all of your sales channels to ensure that you are in compliance with your sales taxes. It simplifies the processes that can take days to complete, and finish within just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is widely used by owners of online businesses to make their business more neat and simple. Let’s look into the benefits and features of TaxJar.
Features and services
One of the most important things you’ll want to check is your tax-reporting system is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, you need to ensure that everything is in order. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar lets you display your key data in one location. This means that there is no requirement to collect information from multiple sources and sort it into a single platform. All you have to do is integrate TaxJar, then the system will take care of all the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows clients to file their sales taxes manually or through the AutoFile feature. In our review we’ll dig at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect those sales tools. When it comes time to filing tax returns for income The team will guide you on how to handle the tax returns. But, it is up to you and your team to finish the tax returns in time. TaxJar will only provide guidance on what you need to do but not handle it.
If you’d 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 will be automated, from calculating sales tax to recording and processing them. There could be additional costs if the feature is not included in the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting woes. Your orders from your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform you and your staff will have access to everything you need, such as the list of transactions, reports, as well as the data.
The best part about the feature you’ve chosen is it lets you to automatically update every day. They not only let you know how much you’ve accumulated and how much you’ve earned, but they also let you track when your following payment is due.
Their dashboard can also allow you to see the total sales tax in your business. You can also export the data in the form of a CSV file, if you want to use it to aid in process of financial planning and accounting or if your team requires it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all the sales avenues you use. It means you don’t need to hunt for your paperwork when you’re when you’re in a pinch. Even if you already have your accountant, this function will make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your money more efficiently. You’ll be aware of the budget you have for other operating expenses.
What’s more is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also for anything that has to do with sales tax. You can check out their webinars, guides, or blog posts for additional information. In addition, their sales tax calculator can be beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing structures and what each of those options can offer you. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan is priced at $19. The company claims that it’s the best plan to help you in filing and reporting. It also includes taxes on sales and sales as well as four annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you can access their AI tax advice.
If you’re a small-scale business owner, this plan could be ideal for you. It might not include all the features offered by TaxJar however, it does include the basic features you require.
You can also contact their customer support via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking to get that is more than the standard features Professional could be the one for you. The price starts at $99 but you can increase it by adding custom features.
How different is it from the basic plan?
In addition to having access to all of the Starter plan’s options, you also have access to their phone customer support, API access, and the ability to do 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 an upgrade instead. It has all of the features you need to aid in your tax preparation. Moreover, they allow unlimited import integrations of data as well as Integrations with APIs, teams of members, and AutoFiles.
They also have a team dedicated in managing your accounts. But, they don’t divulge the price of the Premium plan. costs you. TaxJar Where To Find Manually File
However, they did mention that this plan is customized to each user. Therefore, the cost will differ 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 right for you. If you’re still considering various options, they provide a 30-day free trial. This should be enough time to gauge whether the service is an excellent fit for you.
Pros and Cons
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 the use of TaxJar for your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- Allows you to track multiple 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
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies that have multiple sales channels and uses plenty of platforms. If that’s what you’re doing, then you should try this.
It’s not just a way to aid in tracking your products and revenue however, it will assist you in meeting your deadlines. This is also an excellent opportunity for accountants since they offer tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
Utilizing TaxJar can help you get more done while keeping on top of each deadline and obligation you have to meet. If you’re living in an area with complex tax laws, this can certainly help you to get your mind around it. TaxJar Where To Find Manually File
But if handling your taxes is simple, 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 keep track of all of it. If you find the whole process easy to do, you might be better off doing it by yourself.
FAQ TaxJar Where To Find Manually File
Which areas does TaxJar offer API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it into USUSD before TaxJar can calculate your tax.