Taxes have always been among the most difficult tasks to complete, whether you’re running an enterprise or not. Even more so if you do not have any experience in finance or accounting. Tax-related work can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford the budget to hire an accountant, performing the task on yourself can be risky. If you make a mistake it could mean you need to repeat the process!
Almost everyone wants to avoid this step. But since it’s required to be done, we can’t choose not to.
What can we do about it?
We can always make life easier with tools such as TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. Although this is quite lengthy, you should be able to gauge whether TaxJar is what you need in the present.
Prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
But for those who prefer to read, let’s get right into it.
What is TaxJar? Where Are All The Amazon Fulfillment Centers TaxJar
In 2013, TaxJar was established. TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. Additionally, you can use it in all of your sales channels to ensure compliance with sales taxes. It streamlines processes that require days to complete and can be completed in a matter of just a few minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses 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 first things you’ll need to ensure you have a tax accounting system is compatible along with sales funnels. If you’re using multiple sales channels, you must keep everything in place. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your most important metrics in one place. That way, there’s no requirement to collect data from different channels and organize it into one platform. All you have to do is to integrate TaxJar, it will do the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. In the purpose of this article, we’ll look into both.
If you choose to do it manually, TaxJar will allow you to connect all the sales channels you use. When it comes time to filing tax returns for income, the team will instruct you on managing these. But, it is up to you and your staff to finish the tax returns within the timeframe. TaxJar is only there to provide guidance on what you need to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. Through this feature, everything will be automated, from calculating sales taxes in order to record and process it. However, there might be extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As mentioned earlier 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 via this platform. Once you’re on the platform, you and your team will have access to everything you require, including an inventory of your transactions, reports, as well as data.
The best part about this feature is that it lets you to update your account automatically each day. Not only can they help you know how much you’ve collected, but they also help you keep track of when the next payments are due.
The dashboard allows you to fully view the overall sales taxes within your company. It is also possible to export the data in the form of a CSV file, if you want to use it to aid in accounting and financial planning processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep on top of all your sales channels. That means you won’t have to hunt for your paperwork when you’re when you’re in a pinch. Even even if you already have an accountant, this feature can aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have available for other operational costs.
What’s more is that TaxJar offers training and tutorials, not just for their platform but for anything connected to sales tax. You can look through their guides, webinars, or blog posts for additional info. Apart from that, their sales tax calculator is useful if you’re planning to complete everything yourself.
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How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for the business you run. This is why in this section we’ll examine TaxJar’s pricing tiers and the features that each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan is priced at $19. The company claims that it’s the best plan to help you in filing and reporting. It includes the tax on sales, 4 autofiles for free each year, and an CSV import. With the starter plan, you have access to their AI tax advice.
If you’re a small-scale business manager, the plan could be perfect for you. It might not include all the features offered by TaxJar however, it does include the essentials that you need.
In addition, you can reach their customer support via their support chart for email. You’ll also have access to their integration features.
Professional
If you’re looking to get different from the standard features Professional might be the right one for you. It starts at $99, however, it could go up if you add custom features.
So how different is it from the starter plan?
In addition to having access to each of Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you own a huge company, you may need to choose premium plans instead. It comes with all the features needed to make your tax filing easier. Moreover, they allow unlimited import integrations of data, API integrationsfor team users as well as AutoFiles.
They also have a team that is devoted to managing your account. But, they don’t divulge how much the Premium plan is going to cost. Where Are All The Amazon Fulfillment Centers TaxJar
However, they did mention that this plan is customized to each user. So the costs will vary according to what you require to run your business.
Free Trial
Luckily, you don’t have to gamble your money just to see if this platform is for you. If you’re still considering other options, they have a 30-day free trial. This should give you enough time to determine if the platform is an excellent 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 summarize Here are the pros and cons of the use of TaxJar for your company.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is simple 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
- Certain countries will not be able to access the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid out, TaxJar is an excellent platform for companies with multiple sales channels and uses numerous platforms. If that sounds like what you do, then you should try this.
Not only will it help you track your products and revenue It can assist you in meeting the deadlines you set. It is also a great opportunity for accountants since they provide the Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
Using TaxJar can help you reduce time and keep track of every deadline and requirement you have to meet. If you’re in a region with a lot of tax regulations, this will definitely help you get your mind around it. Where Are All The Amazon Fulfillment Centers TaxJar
But if handling your taxes is simple, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire procedure simple to follow then you’re better off doing it on your own.
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FAQ Where Are All The Amazon Fulfillment Centers TaxJar
What areas does TaxJar offer API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it to USdollars before TaxJar will calculate the tax.
