Taxes have always been one of the most difficult things to handle regardless of whether you’re running your own business or not. More so if you don’t have a degree in finance or accounting. Tax-related tasks can be overwhelming, particularly when you’re filled with tasks to complete. If you don’t have enough money to employ an accountant, performing the task on your own can be dangerous. If you miss one detail it could mean you need to repeat the process!
Almost everyone wants to skipping this step. But since it’s required and mandatory, there’s no other choice.
So what can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
Here we’ll take a look at this well-known life-saving tool and explain how it can help you. Although this is quite an extensive read but you’ll be able to determine if TaxJar is what you need right now.
Do you prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What is TaxJar Washington State Tax Address TaxJar
In 2013, TaxJar was established. TaxJar is an application that automatizes your filings, reports, and sales tax calculations. TaxJar is a solution to the entire life cycle. Furthermore, you can utilize it across all your sales channels to make sure you’re in compliance with sales tax requirements. It makes the process simpler that could can take days to complete, and can be completed in a matter of minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses to keep everything neat and simple. Let’s look into the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to make sure you have a tax accounting software perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to keep everything in place. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to show your key data in one location. That way, there’s no need to gather data from different channels and organize it into one platform. All you need to do is integrate TaxJar, it will handle the rest.
Other than that, 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 lets customers make sales tax filings by hand or using their AutoFile feature. For this review, we’ll dig into both.
If you opt to do it manually, TaxJar will allow you to connect your sales platforms. Once the time comes for filing income tax returns, the team will instruct you on how to handle these. However, it will be up to you and your team to complete everything on time. TaxJar is there to guide you on what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. Through this feature, everything will be automated, from calculating sales taxes to recording and processing them. However, there might be extra fees if not included in the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be combined into one dashboard using this platform. From there, you and your team can access everything you need, such as an inventory of your transactions, reports, as well as the data.
The most appealing aspect of the feature you’ve chosen is it lets you to automatically update every day. They not only let you know how much you’ve accumulated however, they can also help you keep track of when the next payment is due.
The dashboard allows users to view in detail the overall sales taxes in 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 centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. It means you don’t need to hunt for your paperwork when you’re in the event of a need. Even if you already have your accountant, this function can help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll know better how much budget you have for other operational expenses.
But what’s even better is that TaxJar offers tutorials and training not only on their platform, but for anything related to sales tax. You can look through their webinars, guides, or blog posts for additional info. Additionally their sales tax calculator can be 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 establish your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. For this reason, we’ll look into TaxJar’s pricing structures and the features that each of these choices can provide you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. The company claims that it’s the best plan for those who need assistance in filing and reporting. It comes with taxes on sales and sales as well as 4 annual AutoFiles for free, as well as an CSV import. With the starter plan, you can access their AI tax advice.
If you’re a small-scale company manager, the plan will be perfect for you. It may not have all the features of TaxJar, but it has all the basics you require.
You can also contact their support team with their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for something different from the basic features and options, then the Professional plan may be the best option for you. It starts at $99, but you can increase it if you add custom features.
So how different is it from the original plan?
Apart from having access to each of Starter plan’s features, you also have their phone customer support, API access, and sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive company, you may need to go for the Premium plan instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited integrations with data imports as well as API integrations, team users and AutoFiles.
They also have a team who are devoted for managing the account. But, they don’t divulge how much the Premium plan is going to cost. Washington State Tax Address TaxJar
However, they did say that the plan is custom-made for each user. So the costs will vary according to what you require for your company.
Luckily, 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 a 30-day free trial. It should give you enough time to see whether the service is an excellent fit for you.
Pros and Pros and
We’ve covered everything you must know about TaxJar Let’s relax. In order to sum up the whole thing Here are the advantages and disadvantages of the use of TaxJar for your company.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers Taxes on sales online 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.
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only valid for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to businesses with multiple sales channels and uses plenty of platforms. If that’s what you’re doing, then you must try TaxJar.
Not only will it assist you in keeping track of the sales and profits of your business, but it can also help you meet your deadlines. It is also a great opportunity for accountants since they have the Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Using TaxJar will help you reduce time and keep on top of each deadline and requirement you have to meet. If you live in an area with complex tax laws, this can surely help you wrap your mind around it. Washington State Tax Address TaxJar
If handling your taxes is straightforward, 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 everything. In addition, if you find the whole process easy to do then you’re better in doing it all on your own.
FAQ Washington State Tax Address TaxJar
Which areas does TaxJar provide API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions are in US$. If you’re using another currency, you will need to convert it to USUSD before TaxJar can calculate your tax.