Taxes have always been one of the most difficult things to handle regardless of whether you run a business or not. Even more so if you do not have a background in accounting or finance. Tax-related work aren’t easy, particularly when you’re packed with things to do. When you’re not able to afford enough money to hire an accountant, doing it on yourself can be dangerous. If you overlook one thing it could mean you have to redo things again!
Most people want to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.
So what can we do about it?
It is always possible to make our lives easier by using tools like TaxJar.
This article will take a look at this life-saving device and how it can benefit you. While this is a long read it is possible to assess whether TaxJar is what you need today.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar? TaxJar WordPress Gravity Forms
Founded in 2013, TaxJar is an application that automatizes your reporting, filings and sales tax calculations. It is a solution for the entire life cycle. Additionally, you can use it across all of your sales channels to make sure you’re in compliance with sales tax requirements. It makes the process simpler that could can take days to complete, and finish within only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is extensively used by business owners who run online businesses to ensure that everything is neat and simple. Let’s take a look at their features and services.
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Services and features
Integration
One of the most important things you’ll need to make sure is your tax-reporting system is compatible along with sales funnels. If you’re using multiple sales channels, you must ensure that everything is in order. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar lets you display your key metrics in one place. That way, there’s no requirement to collect data in multiple channels and then organize it on a single platform. All you have to do is to integrate TaxJar, and the platform will handle the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar lets customers submit their sales tax either manually or via their AutoFile feature. In our review we’ll dig into both.
If you choose to go it alone, TaxJar will allow you to connect all the sales channels you use. When the time is right for the filing of income tax returns The team will guide you on how to manage these. However, it will be up to you and your staff to complete everything in time. TaxJar is there to guide you on what you need to do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. With this feature, everything will be automated from calculating sales taxes through recording, and then processing it. There could be additional charges if they are not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting issues. Your orders from your e-commerce channels can be compiled into a single dashboard through this platform. Once you’re on the platform you and your staff will have access to all the information you require, including a list of your transactions, reports, and the data.
The greatest benefit of the feature you’ve chosen is it lets you to automatically update every day. Not only can they help you know how much you’ve collected however, they can also help you determine when your next payments are due.
The dashboard allows you to see the total sales tax for your business. It is also possible to export the data in a CSV file in case you require it in your 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 channels you sell through. That means you won’t have to hunt for your paperwork when you need them in the event of a need. Even even if you already have an accounting firm, the feature will make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds better. You’ll know better how much budget you have to cover other operational expenses.
The best part is that TaxJar provides training and tutorials and tutorials, not just on their platform, but everything related to sales tax. Check out their webinars, guides or blog posts for additional info. In addition their sales tax calculator can be helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We know how crucial it is to set your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of those plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. The company claims that it’s the best plan for those who need assistance in filing and reporting. It comes with taxes on sales and sales as well as 4 autofiles for free each year, and a CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a smaller business proprietor, then this program will be ideal for you. It may not have all the features of TaxJar however, it does include the basic features you require.
In addition, you can reach the support team via their support chart for email. Additionally, you’ll have access to their integration features.
Professional
If you’re looking for different from the basic features and options, then the Professional plan could be the one for you. It’s priced at $99 however, it could go up if you add custom features.
How different is it from the original plan?
In addition to accessing all of the Starter plan’s options, you also have access to their support via phone access to APIs, as well as sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
Premium
If you run a large company, you may need to opt for the Premium plan instead. It has all of the features that you require to make your tax filing easier. Additionally, they permit unlimited integrations with data imports API integrationsfor team members, and AutoFiles.
They also have a staff who are devoted to managing your account. But, they don’t divulge how much the Premium plan will cost you. TaxJar WordPress Gravity Forms
However, they did say that this plan is customized to each user. So the costs will vary in line with what you require for your company.
Free Trial
It’s a good thing that you don’t have to bet your life on it to find out if the platform is 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 determine if the platform is a good fit for you.
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Pros and Pros and
We’ve covered everything you should be aware of TaxJar let’s take a break. To sum it all up, here are the pros and cons of making use of TaxJar for your company.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies with multiple sales channels and uses many platforms. If that sounds like what you’re doing, then you must try TaxJar.
It’s not just a way to help you track your products and revenue however, it will assist you in meeting your deadlines. It’s also an excellent platform for an accountant since they have the Tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
The use of TaxJar will help you reduce time and keep track of every deadline or requirement you need to meet. If you’re living in a region with a lot of tax regulations, this will surely help you wrap your head around the subject. TaxJar WordPress Gravity Forms
But if handling your taxes is simple If it isn’t, then TaxJar could be a waste of investment. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better to do it on your own.
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FAQ TaxJar WordPress Gravity Forms
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions are in USdollars. If you’re using another currency, you’ll need to convert it to USUSD prior to when TaxJar determines your tax.
