Taxes have always been among the most difficult tasks to complete regardless of whether you run a business or not. Even more so if you do not have a background in finance or accounting. Tax-related issues can be overwhelming, particularly when you’re filled with tasks to complete. If you don’t have the funds to hire an accountant, doing it on yourself can be dangerous. If you overlook one thing and you don’t know it, you may have to do it all over again!
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 always make life easier by using tools like TaxJar.
This article will take a look at this well-known life-saving device and how it can benefit you. While this is a long read but you’ll be able to assess whether TaxJar is the tool you require in the present.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What exactly is TaxJar? Using TaxJar To Get Tax Registration Number With Different States
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it across all of the sales channels you use to make sure you’re in compliance with your sales taxes. It simplifies the processes that can take days to complete, and is completed in just a few only a few minutes.
TaxJar has been used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by business owners who run online businesses to keep everything neat and simple. Let’s look into the benefits and features of TaxJar.
Services and features
One of the most important things you’ll want to check you have a tax accounting software perfectly integrates with your sales channel. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to be penalized for missing a single minor point.
TaxJar lets you display your most important data in one location. That way, there’s no requirement to collect information from multiple sources and sort it into one platform. All you need to do is to integrate TaxJar it will take care of the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of the platforms they are able to integrate with:
TaxJar allows customers to submit their sales tax by hand or using TaxJar’s AutoFile feature. For this review, we’ll look into both.
If you opt to do it manually, TaxJar will allow you to connect all of your sales platforms. Once the time comes for filing income tax returns TaxJar will train you on how to handle them. But, it is up to you and your team to complete everything on time. TaxJar is only there to help you understand what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. This feature will ensure that everything will be automated, from calculating sales taxes to recording and processing it. There could be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting problems. Your orders from your e-commerce channels can be combined into one dashboard using this platform. From there 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 this feature is that it allows you to update automatically every day. Not only can they help you know how much you’ve earned, but they also help you track when your following payments are due.
Their dashboard also allows you to see the total sales tax within your company. Additionally, you can export the information in a CSV file, if you want to use it in your financial planning and accounting processes or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep the track of all the sales avenues you use. That means you won’t have to scramble for your documents when you need them in a pinch. Even even if you already have an accountant, this function will make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your funds better. You’ll be aware of the budget you have for other operating expenses.
The best part is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also all things connected to sales tax. You can check out their webinars, guides, and blog for more info. In addition their sales tax calculator should be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. This is why in this section we’ll examine TaxJar’s pricing levels and what each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the most effective plan to help you in filing and reporting. It comes with taxes on sales and sales as well as four free yearly AutoFiles, and an CSV import. Even with the starter plan, you can access their AI tax advice.
If you’re a smaller company owner, this plan should be perfect for you. It might not include all of TaxJar’s features, but it has all the basics you require.
Additionally, you can contact their support team with their email support chart. You’ll also have access to their integration features.
If you’re looking for something different from the basic features and options, then the Professional plan could be the one for you. It starts at $99, but it can go higher if you add custom features.
What is the difference from the original plan?
Apart from having access to each of Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you run a large company, you may need to opt for premium plans instead. It has all of the features you need to make your tax filing easier. In addition, they offer unlimited integrations with data imports as well as Integrations with APIs, teams of members and AutoFiles.
They also have a team who are devoted for managing the account. However, they don’t disclose the price of the Premium plan. is going to cost. Using TaxJar To Get Tax Registration Number With Different States
However, they did say that the plan is custom-made for every user. The cost of the plan will be different in line with what you require to run your business.
It’s a good thing that you don’t have to risk your money to determine if this service is the right one for you. If you’re still considering different options, they offer a 30-day free trial. This should be enough time to determine whether the service is the right choice for you.
Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar Let’s relax. In order to sum up the whole thing, here are the advantages and disadvantages of making use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- You can track several sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable to USA customers
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid out TaxJar can be a great platform companies with numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
Not only can it help you track your products and revenue however, it will help you meet the deadlines you set. This is also an excellent platform for an accountant since they offer the Tax Advisor program. You can find tips and get knowledge from their seminars regarding taxes via it.
Using TaxJar can allow you to reduce time and keep on top of each deadline and obligation you have to fulfill. If you live in a place with complicated tax laws, this will surely help you wrap your head around it. Using TaxJar To Get Tax Registration Number With Different States
But if handling taxes is easy If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. If you’re finding the entire procedure easy to complete, you might be better to do it by yourself.
FAQ Using TaxJar To Get Tax Registration Number With Different States
What areas does TaxJar provide API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it into USdollars prior to when TaxJar determines the tax.