Taxes have always been among the most difficult things to handle regardless of whether you run a business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. If you don’t have the funds to employ an accountant, doing it on your own could be dangerous. If you miss one detail it could mean you have to redo things again!
Almost everyone wants to skipping this step. But since it’s required, we have no choice.
So what is the best way to deal with it?
We can always simplify our lives with tools such as TaxJar.
This article will take a look at this popular life-saving device and how it can assist you. Although this is quite an extensive read it is possible to gauge whether TaxJar is exactly what you need right now.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What exactly is TaxJar? Use Tax Ohio TaxJar
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply it in all of your channels of sales to ensure compliance with sales taxes. It simplifies the processes that can take days to complete, and is completed in 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 used extensively by business owners who run online businesses to make their business more simple and organized. Let’s explore the benefits and features of TaxJar.
Features and services
One of the most important things you’ll need to ensure is that your accounting tax software seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, you need to ensure that everything is in order. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your most important data in one location. That way, there’s no need to collect data from different channels and organize it into a single platform. All you have to do is integrate TaxJar and the platform will do all the rest.
Apart from that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of the platforms that they can connect with:
TaxJar lets customers submit their sales tax either manually or via the AutoFile feature. For this review, we’ll dig at both.
If you opt to do it manually, TaxJar will allow you to connect those sales tools. When the time is right 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 the process within the timeframe. TaxJar is only there to help you understand what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out the forms in a manual manner. With this feature, everything is automated, from calculating sales taxes through recording, and then processing them. But, it is possible to incur additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be put together into one dashboard using this platform. From there you and your staff will have access to everything you require, including a list of your transactions, reports, as well as the data.
The most appealing aspect of the feature you’ve chosen is it lets you to update your account automatically each day. Not only can they help you know how much you’ve earned however, they can also help you keep track of when the next payment is due.
Their dashboard can also allow you to see the overall sales taxes for your business. You can also export your data as a CSV file in case you require it for your accounting and financial planning processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all the channels you sell through. This means that you don’t have to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accountant, this function will help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll know exactly how much budget you have available for other operating costs.
But what’s even better is that TaxJar offers tutorials and training not only for their platform but for anything related to sales tax. Check out their webinars, guides or blog posts for additional details. Additionally, their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing levels and what each of those choices can provide you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements and reporting. It comes with the tax on sales, 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 tips.
If you’re a smaller business manager, the plan will be ideal for you. It might not include all the features of TaxJar, but it has the basic features you require.
You can also contact the support team via their support chart for email. You’ll also have access to their integration features.
If you’re looking for something different from the basic features Professional may be the best option for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the starter plan?
In addition to having access to every one of Starter plan’s options, you also have access to their support via phone, API access, and the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you run a large company, you may need to go for premium plans instead. It includes all of the features you need to make your tax filing easier. Moreover, they allow unlimited integrations with data imports, Integrations with APIs, teams of members as well as AutoFiles.
They also have a team dedicated in managing your accounts. They don’t reveal the price of the Premium plan. costs you. Use Tax Ohio TaxJar
However, they did say that this plan is tailor-fit for every user. Therefore, the cost will differ in line with what you require for your business.
It’s a good thing that you don’t have to gamble your money just to find out if the platform is right for you. If you’re still considering different options, they offer 30 days of free trial. This should give you enough time to determine whether the software is a good fit for you.
Pros and Pros and
After we’ve gone over everything you need to know about 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 to run your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides Taxes on sales online calculator
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable to USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid out TaxJar provides a fantastic platform to companies with many sales channels and utilizes numerous platforms. If that’s what you’re doing, then you ought to try this.
Not only can it help you track the sales and profits of your business however, it will help you meet the deadlines you set. This is also an excellent platform for an accountant since they provide a Tax Advisor program. You can get tips and get knowledge from their seminars about taxes through it.
The use of TaxJar can help you get more done while keeping on top of each deadline and requirement you have to fulfill. If you live in a place with complicated tax laws, this can definitely help you get your head around the subject. Use Tax Ohio TaxJar
But if handling your taxes is straightforward If it isn’t, then TaxJar might not be a good expense. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you’re finding the entire process easy to do, you might be better to do it by yourself.
FAQ Use Tax Ohio TaxJar
Which areas does TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transaction amounts are n US$. If you’re using another currency, you’ll need to convert it to US$ prior to when TaxJar can calculate your tax.