Taxes have always been one of the most difficult tasks to complete regardless of whether you run a business or not. Even more so if you do not have any experience in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is full of things to be done. When you’re not able to afford the funds to hire an accountant, performing the task on your own could be risky. If you miss one detail, you might need to repeat the process!
Nearly everyone would prefer to skip this step. But since it’s required and mandatory, there’s no other choice.
So , what is the best way to deal with it?
We can make our lives easier by using tools like TaxJar.
We’ll look at this life-saving device and how it can benefit you. Even though this is lengthy but you’ll be able to gauge whether TaxJar is the tool you require in the present.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What is TaxJar? TaxJar Zencart
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. It’s a solution for your entire sales tax life cycle. In addition, you can apply it across all of your channels of sales to ensure compliance with sales tax requirements. It streamlines processes that can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is widely used by online business owners to ensure that everything is neat and simple. Let’s look into their features and services.
> > Click Here to Start TaxJar for Free < <
Services and features
Integration
One of the most important things you’ll need to ensure is your tax-reporting software perfectly integrates in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to ensure that everything is in order. The final thing you would like is to be penalized for not paying attention to a minor thing.
TaxJar allows you to show your critical data in one location. That way, there’s no need to gather information from multiple sources and then organize it on one platform. All you need to do is connect TaxJar, it will handle the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of the platforms they can integrate with:
Filing
TaxJar lets customers file their sales taxes either manually or via TaxJar’s AutoFile feature. For the purpose of this article, we’ll look at both.
If you decide to do it manually, TaxJar will allow you to connect all the sales channels you use. Once the time comes for the filing of income tax returns TaxJar will train you on managing the tax returns. However, it will be up for you and your team to complete everything on time. TaxJar is there to guide you on what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. This feature will ensure that everything will be automated, from calculating taxes on sales in order to record and process it. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to assist you with your accounting woes. The orders you place through your online channels can be compiled into a single dashboard via this platform. From there you and your staff will have access to all the information you need, such as an inventory of your transactions, reports and the data.
The greatest benefit of this option is the fact that they allow you to automatically update every day. They not only let you keep track of how much you’ve earned, but they also help you track when your following payment is due.
Their dashboard can also allow you to fully view the overall sales taxes for your business. Additionally, you can export the information to a CSV file if you need it in your accounting and financial planning processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep the track of all the sales avenues you use. That means you won’t have to search for your documents whenever you’re when you’re in a pinch. Even even if you already have an accounting firm, the feature will help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time can help you allocate your funds more effectively. You’ll know exactly how much budget you have for other operating costs.
But what’s even better is that TaxJar offers tutorials and training not only on their platform, but everything that has to do with sales tax. Check out their webinars, guides and blog for more information. In addition the sales tax calculator is helpful if you’re planning on complete everything yourself.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too costly for the business you run. That’s why for this section, we’ll look into 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
Their Starter plan costs $19. They say it’s the best plan if you need help in filing and reporting. It comes with the tax on sales, 4 annual AutoFiles for free, as well as a CSV import. With the starter plan, you have access to their AI tax advice.
If you’re a smaller company owner, this plan will be perfect for you. It might not include all the features of TaxJar however, it does include the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also be able to use their integration features.
Professional
If you’re looking for something that is more than the basic features, then the Professional plan could be the one for you. It starts at $99, but you can increase it when you add additional features.
So how different is it from the original plan?
In addition to accessing all of the Starter plan’s options, you also have access to the support of their customer service via phone, API access, and the ability to do advanced CSV import. They also allow you to have 12 free AutoFiles each year.
Premium
If you run a large business, you might need to go for an upgrade instead. It has all of the features you need to make your tax filing easier. In addition, they offer unlimited data import integrations API integrationsfor team members and AutoFiles.
They also have a staff dedicated for managing the account. They don’t reveal how much the Premium plan will cost you. TaxJar Zencart
However, they did say that this plan is tailor-fit to each user. The cost of the plan will be different according to what you require for your company.
Free Trial
Luckily, you don’t have to bet your life on it to determine if this service is for you. If you’re still looking into different options, they offer a 30-day free trial. It should give you enough time to see whether the software is an excellent fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Cons
We’ve covered everything you must know about TaxJar let’s take a break. To sum it all up, here are the pros and cons of using TaxJar for your business.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to 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
- Some countries won’t be able to access the API feature
- Only applicable for USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies with many sales channels and utilizes 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 revenue and products, but it can also help you meet the deadlines you set. This is also an excellent option for accountants as they provide the Tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can allow you to save more time while keeping track of every deadline and requirement you have to fulfill. If you live in a region with a lot of tax laws, this will definitely help you get your mind around it. TaxJar Zencart
But if handling your taxes is straightforward If it isn’t, then TaxJar might not be a good investment. If you only have one or two channels of sales, TaxJar won’t be needed to track all of it. In addition, if you find the whole procedure easy to complete then you’re better to do it by yourself.
> > Click Here to Start TaxJar for Free < <
FAQ TaxJar Zencart
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transaction amounts are n US$. If you’re using another currency, you’ll have to convert it into US$ before TaxJar determines your tax.
