Virginia Sales Tax Guide TaxJar

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Taxes have always been among the most difficult things to handle regardless of whether you run your own business or not. Particularly if you don’t have a degree in finance or accounting. Tax-related work can be overwhelming, particularly when you’re full of things to be done. When you’re not able to afford enough money to engage an accountant making it your own could be risky. If you make a mistake, you might have to redo things again!

Almost everyone wants to skip this step. But , as it’s a requirement and mandatory, there’s no other choice.

So , what can we do about it?

We can always make life easier by using tools like TaxJar.

This article will take a look at this life-saving tool 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 to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.

If you prefer to read, let’s get right into it.

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What is TaxJar Virginia Sales Tax Guide TaxJar

The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it across all of the sales channels you use to ensure compliance with sales tax requirements. It streamlines processes that can take days to complete, and is completed in just a few just a few minutes.

TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.

How can it help you?

TaxJar is used extensively by owners of online businesses to make their business more simple and organized. Let’s take a look at the features and services offered by TaxJar.

Virginia Sales Tax Guide TaxJar

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Services and features

Integration

One of the most important things you’ll need to ensure is your tax-reporting system seamlessly works well with your sales channel. If you’re selling through multiple channels, you must keep everything in place. The most important thing is not to get a penalty for overlooking just one minor detail.

TaxJar lets you display your most important data in one location. That way, there’s no requirement to collect data from different channels and organize it into a single platform. All you need to do is to integrate TaxJar it will handle all the rest.

Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms they are able to integrate with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows clients to file their sales taxes either manually or via their AutoFile feature. In this review, we’ll dig into both.

If you choose to go it alone, TaxJar will allow you to connect all of those sales tools. When the time is right for filing tax returns for income, the team will instruct you on how to handle the tax returns. However, it will be up to you and your staff to complete the process within the timeframe. TaxJar will only help you understand what you should accomplish, but not manage it.

If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. With this feature, everything will be automated, from calculating taxes on sales through recording, and then 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 assist you with your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. From there, you and your team will have access to everything you require, including an inventory of your transactions, reports, as well as the data.

The most appealing aspect of this feature is that it allows you to update automatically every day. They not only let you keep track of how much you’ve collected, but they also help you determine when your next payment is due.

The dashboard allows you to see the sales tax totals for your business. Additionally, you can export your data to a CSV file if you need it for your accounting and financial planning processes or if you require it for central reporting.

Streamlining and Training

TaxJar helps organize and keep the track of all the sales avenues you use. This means that you don’t have to search for your documents when you’re when you’re in a pinch. Even if you already have your accountant, this feature will help them be more efficient.

Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have for other operational costs.

What’s more is that TaxJar provides training and tutorials, not just for their platform but all things connected 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 do everything on your own.

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How much does TaxJar cost?

We know how crucial it is to set your budget. Some platforms provide amazing features, but they’re sometimes too costly for your business. For this reason, we’ll look into TaxJar’s pricing tiers and what each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.

Starter

Their Starter plan is priced at $19. They say it’s the most suitable plan for you if you need help with filing requirements and reporting. It comes with sales tax reporting, 4 free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you have access to their AI tax recommendations.

If you’re a small-scale company manager, the plan should be perfect for you. It may not offer all the features offered by TaxJar but it comes with all the basics you require.

You can also contact the support team via their email support chart. You’ll also have access to their integration tools.

Professional

If you’re looking for something different from the basics Professional could be the one for you. The price starts at $99 but it can go higher by adding custom features.

So how different is it from the starter plan?

In addition to accessing each of Starter plan’s features, you also have their support via phone Access to APIs, phone support, and advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.

Premium

If you have a massive enterprise, you may want to opt for an upgrade 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 that is devoted for managing the account. But, they don’t divulge how much the Premium plan costs you. Virginia Sales Tax Guide TaxJar

But they did state that this plan is customized to each user. Therefore, the cost will differ according to what you require to run your business.

Free Trial

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 looking into different options, they offer a 30-day free trial. It should give you enough time to gauge whether the service is a good fit for you.

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Pros and Cons

We’ve covered everything you need to know about TaxJar let’s take a break. In order to sum up the whole thing Here are the advantages and disadvantages of the use of TaxJar for your company.

Pros

  • Does the plan include a 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
  • Offers a 30-day free trial
  • It is possible to integrate it with other platforms.
  • Allows you to track multiple sales channels

Cons

  • Limits for AutoFile are based on the plan
  • AutoFile has extra fees
  • Certain countries will not be able to access the API feature
  • Only valid for USA customers
  • Owners and accountants should check local legislation

The Final Verdict

With everything clearly laid out, TaxJar provides a fantastic platform to companies that have many sales channels and utilizes plenty of platforms. If that’s what you’re doing, then should try this.

Not only will it help you track the sales and profits of your business however, it will assist you in meeting your deadlines. It is also a great option for accountants as they offer the Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.

The use of TaxJar can help you save more time while keeping on top of each deadline or requirement you need to meet. If you’re in an area with complex tax laws, this can definitely help you get your head around it. Virginia Sales Tax Guide TaxJar

However, if managing your taxes is simple, then TaxJar might not be a good expense. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you’re finding the entire procedure simple to follow then you’re better to do it by yourself.

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FAQ Virginia Sales Tax Guide TaxJar

Which areas does TaxJar provide API assistance?

TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.

Do I have the ability to integrate Shopify into TaxJar?

Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.

Do I have the ability to convert every type of currency using TaxJar?

Unfortunately, no. TaxJar cannot convert currencies. The transactions are in USdollars. If you’re using another currency, you will need to convert it to USUSD before TaxJar will calculate the tax.

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