Taxes are always one of the most difficult things to handle, whether you’re running an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have the funds to hire an accountant, doing it on your own could be risky. If you miss one detail and you don’t know it, you may need to repeat the process!
Almost everyone wants to avoid this step. But since it’s required, we have no choice.
So what can we do about it?
It is always possible to make life easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and how it can benefit you. While this is lengthy, you should be able to gauge whether TaxJar is exactly what you need right now.
Prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then let’s get right into it.
What is TaxJar? Using TaxJar Without Activate Stripe Account
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. It is a solution for all aspects of your sales tax cycle. Additionally, you can use it in all of the sales channels you use to make sure you’re in compliance with sales tax requirements. It makes the process simpler that could require days to complete and finish within minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by online business owners to keep everything organized and straightforward. Let’s look into the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll want to check is your tax-reporting system perfectly integrates with your sales channel. If you’re using multiple sales channels, you must maintain everything in line. The last thing you want is to be penalized for missing a single minor point.
TaxJar allows you to show your most important data in one location. This means that there is no requirement to collect data in multiple channels and then organize it on one platform. All you have to do is to integrate TaxJar, and the platform will take care of all the rest.
In addition, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of platforms they can integrate with:
Filing
TaxJar allows customers to submit their sales tax manually or through TaxJar’s AutoFile feature. In the purpose of this article, we’ll look at both.
If you choose to go it alone, TaxJar will allow you to connect all of 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 team to finish the tax returns in time. TaxJar will only guide you on what you should accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit any forms manually. Through this feature, everything is automated, from calculating sales taxes to recording and processing it. However, there might be additional charges if they are not included in the plan you select.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to assist you with your accounting issues. The orders you place through your online channels can be combined into one dashboard using this platform. Once you’re on the platform, you and your team can access everything you need, like an inventory of your transactions, reports, and information.
The best part about this feature is that it allows you to automatically update every day. They not only let you know how much you’ve accumulated however, they can also help you track when your following payment is due.
Their dashboard can also allow users to view in detail the overall sales taxes in your business. It is also possible to export the data to a CSV file in case you require it for your accounting and financial planning processes or if your team requires it for central reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all the channels you sell through. It means you don’t need to scramble for your documents when you’re when you’re in a pinch. Even even if you already have an accounting firm, the feature will aid them in being 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 training and tutorials, not just for their platform but everything connected to sales tax. Check out their webinars, guides, or blog posts for additional information. In addition their sales tax calculator can be useful if you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms offer superb 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. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the best plan if you need help with filing requirements and reporting. It also includes taxes on sales and sales as well as 4 free yearly AutoFiles, and an CSV import. With the starter plan, you will be able to access their AI tax recommendations.
If you’re a smaller company manager, the plan should be perfect for you. It may not have all of TaxJar’s features but it comes with 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 capabilities.
Professional
If you’re looking for that is more than the basic features and options, then the Professional plan could be the one for you. It’s priced at $99 but you can increase it by adding custom features.
What is the difference from the starter plan?
In addition to having access to all of the Starter plan’s features, you also have 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 enterprise, you may want to choose an upgrade instead. It comes with all the features you need to aid in your tax preparation. Additionally, they permit unlimited import integrations of data API integrationsfor team members, and AutoFiles.
They also have a team dedicated to managing your account. But, they don’t divulge how much the Premium plan is going to cost. Using TaxJar Without Activate Stripe Account
But they did state that this plan is customized to each user. So the costs will vary depending on what you need for your company.
Free Trial
Luckily, you don’t have to gamble your money just to determine if this service is right for you. If you’re still looking into various options, they provide a 30-day free trial. This should give you enough time to determine whether the service is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you must know about TaxJar Let’s relax. To summarize Here are the advantages and disadvantages of using TaxJar to run your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you 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.
- You can track several sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses numerous platforms. If that’s what you’re doing, then should try this.
Not only will it aid in tracking your revenue and products, but it can assist you in meeting your deadlines. It’s also an excellent platform for an accountant since they offer a Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
Using TaxJar will help you save more time while keeping track of every deadline and obligation you have to meet. If you’re living in an area with complex tax laws, this can surely help you wrap your mind around it. Using TaxJar Without Activate Stripe Account
But if handling your taxes is simple If it isn’t, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of all of it. If you’re finding the entire process easy to do then you’re better in doing it all by yourself.
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FAQ Using TaxJar Without Activate Stripe Account
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions are in USdollars. If you’re using another currency, you’ll have to convert it to USUSD before TaxJar determines the tax.
