Taxes have always been among the most difficult things to handle, whether you’re running a business or not. Even more so if you do not have a background in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is filled with tasks to complete. If you don’t have the funds to employ an accountant, performing the task on your own could be risky. If you overlook one thing and you don’t know it, you may have to redo things again!
Nearly everyone would prefer to skip this step. But since it’s required to be done, we can’t choose not to.
So what can we do ?
We can make life easier by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and explain how it can benefit you. Even though this is a long read it is possible to determine if TaxJar is exactly what you need today.
Are you looking watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, then we’ll dive right into.
What exactly is TaxJar? TaxJar Woocommerce Plugin Nulled
Founded in 2013, TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for the entire life cycle. Furthermore, you can utilize it across all your channels of sales to ensure compliance with sales taxes. It streamlines processes that 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 extensively used by owners of online businesses to make their business more neat and simple. Let’s look into the benefits and features of TaxJar.
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Services and features
Integration
One of the first things you’ll want to check is that your accounting tax system perfectly integrates along with sales funnels. If you’re selling through multiple channels, you need to ensure that everything is in order. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your most important data in one location. That way, there’s no requirement to collect data in multiple channels and sort it into a single platform. All you need to do is integrate TaxJar and the platform will do the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms that they can connect with:
Filing
TaxJar allows customers to file their sales taxes either manually or via the AutoFile feature. For our review we’ll dig at both.
If you decide to do it manually, TaxJar will allow you to connect your sales platforms. Once the time comes for filing income tax returns, the team will instruct you on how to handle these. But, it is up to you and your team to complete everything on time. TaxJar will only provide guidance on what you should do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out all forms by hand. With this feature, everything will be automated from calculating sales taxes through recording, and then processing them. But, it is possible to incur extra fees if not included in the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be compiled into a single dashboard via this platform. From there, you and your team will have access to everything you need, such as the list of transactions, reports, as well as information.
The most appealing aspect of this feature is that it allows you to update automatically every day. They not only let you keep track of how much you’ve accumulated however, they can also help you track when your following payment is due.
Their dashboard also allows you to see the sales tax totals in your business. You can also export your data as the form of a CSV file, if you want to use it for your process of financial planning and accounting or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the sales avenues you use. This means that you don’t have to hunt for your paperwork when you need them in a pinch. Even when you already have your accountant, this feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds more effectively. You’ll know better how much budget you have available for other operating expenses.
But what’s even better is that TaxJar offers training and tutorials not only on their platform, but everything that has to do with sales tax. You can check out their webinars, guides, and blog for more info. Apart from that their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing structures and the features that each of these plans can offer. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan starts at $19. They say it’s the most effective plan for those who need assistance with filing requirements or reporting. It includes taxes on sales and sales as well as four annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you have access to their AI tax advice.
If you’re a small business owner, this plan should be perfect for you. It might not include all the features of TaxJar, but it has all the basics you require.
Additionally, you can contact the support team via their email support chart. You’ll also have access to their integration capabilities.
Professional
If you’re looking for different from the standard features, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
How different is it from the starter plan?
In addition to having access to each of Starter plan’s features, you also have the support of their customer service via phone, API access, and advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
Premium
If you run a large enterprise, you may want to opt for premium plans instead. It has all of the features that you require to make your tax filing easier. In addition, they offer unlimited integrations with data imports API integrationsfor team members, and AutoFiles.
There is also a team that is devoted in managing your accounts. However, they don’t disclose how much the Premium plan will cost you. TaxJar Woocommerce Plugin Nulled
However, they did say that this plan is customized for every 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 right for you. If you’re still looking into different options, they offer a 30-day free trial. This should be enough time to determine whether the service is an excellent fit for you.
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Pros and Cons
After we’ve gone over everything you should know about TaxJar let’s take a break. To summarize we’ll go over the pros and cons of the use of TaxJar for your company.
Pros
- Has 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 simple 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
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only valid for USA customers
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform businesses with many sales channels and utilizes many platforms. If that sounds like what you do, then you should try this.
It’s not just a way to aid in tracking your revenue and products however, it will help you meet the deadlines you set. It’s also an excellent option for accountants as they offer the Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
Utilizing TaxJar can allow you to reduce time and keep on top of each deadline or requirement you need to meet. If you live in a place with complicated tax regulations, this will certainly help you to get your head around it. TaxJar Woocommerce Plugin Nulled
But if handling taxes is easy and straightforward, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you find the entire procedure easy to complete then you’re better to do it by yourself.
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FAQ TaxJar Woocommerce Plugin Nulled
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it into USUSD prior to when TaxJar determines the tax.
