Taxes have always been one of the most difficult tasks to complete, whether you’re running your own business or not. Even more so if you do not have a background in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford the budget to employ an accountant, making it your own could be dangerous. If you make a mistake, you might have to do it all over again!
Most people want to skip this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do ?
It is always possible to simplify our lives by using tools like TaxJar.
We’ll look at this popular life-saving tool and explain how it can benefit you. Even though this is lengthy, you should be able to assess whether TaxJar is exactly what you need today.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, we’ll dive right into.
What exactly is TaxJar? West Virginia Sales Tax TaxJar
Founded in 2013, TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. TaxJar is a solution to the entire life cycle. In addition, you can apply it across all your channels of sales to ensure that you are in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and is completed in just a few just a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by online business owners to ensure that everything is neat and simple. Let’s look into the benefits and features of TaxJar.
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Features and services
Integration
One of the first things you’ll want to check is that your accounting tax system is compatible in conjunction with the sales channels you use. If you’re using multiple sales channels, you must keep everything in place. The final thing you would like is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your critical data in one location. This means that there is no need to collect data in multiple channels and sort it into one platform. All you need to do is connect TaxJar it will do the rest.
Apart from that, 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 lets customers submit their sales tax manually or through TaxJar’s AutoFile feature. For our review we’ll take a look into both.
If you opt to do it manually, TaxJar will allow you to connect all of your sales platforms. When the time is right for filing tax returns for income TaxJar will train you on how to manage these. It is up to you and your staff to complete everything on time. TaxJar is there to guide you on what you should do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit all forms by hand. This feature will ensure that everything will be automated from calculating taxes on sales in order to record and process it. There could be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting issues. The orders you place through your online channels can be put together into a single dashboard through this platform. Once you’re on the platform you and your team will have access to all the information you require, including a list of your transactions, reports and data.
The most appealing aspect of this feature is that it allows you to automatically update 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.
The dashboard allows users to view in detail the sales tax totals in your business. Additionally, you can export the information as CSV format. CSV file if you need it in your financial planning and accounting processes or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of your sales channels. It means you don’t need to hunt for your paperwork when you’re in a pinch. Even when you already have your accountant, this function can help them be more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will help you plan your money more efficiently. You’ll know better how much budget you have available for other operating expenses.
What’s more is that TaxJar offers tutorials and training not only for their platform , but also all things that has to do with sales tax. You can look through their webinars, guides as well as their blog to find more info. Additionally their sales tax calculator can be useful if you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. 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 including Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. They claim that it’s the best plan for those who need assistance with filing requirements or reporting. It includes taxes on sales and sales as well as 4 autofiles for free each year, and an CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a small company manager, the plan could be ideal for you. It may not offer all of TaxJar’s features but it comes with the essentials that you need.
In addition, you can reach the support team via their email support chart. You’ll also be able to use their integration features.
Professional
If you’re looking for something that is more than the basics and options, then the Professional plan could be the one for you. It starts at $99, but you can increase it by adding custom features.
How different is it from the starter plan?
In addition to accessing each of Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you run a large company, you may need to opt for premium plans instead. It includes all of the features you need to make your tax filing easier. Additionally, they permit unlimited integrations with data imports Integrations with APIs, teams of users and AutoFiles.
They also have a staff dedicated in managing your accounts. They don’t reveal the price of the Premium plan. costs you. West Virginia Sales Tax TaxJar
But they did state that the plan is custom-made to each user. Therefore, the cost will differ in line with what you require for your business.
Free Trial
Luckily, you don’t have to risk your money to determine if this service is right for you. If you’re still looking into other options, they have 30 days of free trial. This should give you enough time to see if the platform is a good fit for you.
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Pros and Pros and
Now that we’ve covered all you need to know about TaxJar let’s take a break. To sum it all up we’ll go over the pros and cons of making use of TaxJar to run your business.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Support Service Team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t 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 can be a great platform businesses with multiple sales channels and uses plenty of platforms. If this sounds like the way you’re doing, then should try this.
Not only will it help you track your products and revenue It can also help you meet your deadlines. It’s also an excellent platform for an accountant since they have a Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Using TaxJar will help you get more done while keeping track of every deadline or requirement you need to meet. If you’re living in an area with complex tax laws, this can certainly help you to get your head around the subject. West Virginia Sales Tax TaxJar
But if handling your taxes is simple If it isn’t, then TaxJar might not be a good expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you find the whole procedure simple to follow, you might be better in doing it all on your own.
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FAQ West Virginia Sales Tax TaxJar
What are the areas in which TaxJar provide API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transactions’ amounts are in US$. If you’re using a different currency, you’ll have to convert it to USdollars prior to when TaxJar can calculate the tax.
