Why Am I Getting Taxed Out Of State When I Do Not Have Nexus TaxJar

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Taxes are always one of the hardest things to do regardless of whether you run an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re packed with things to do. If you don’t have the budget to hire an accountant, performing the task on your own can be dangerous. If you make a mistake, you might have to redo things again!

Most people want to skip this step. However, since it’s mandatory to be done, we can’t choose not to.

What is the best way to deal with it?

We can make our lives easier by using tools like TaxJar.

This article will take a look at this well-known life-saving tool and how it can help you. Although this is quite a long read but you’ll be able to gauge whether TaxJar is exactly what you need right now.

Do you prefer to watch videos instead? Check out 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 get right into it.

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What is TaxJar Why Am I Getting Taxed Out Of State When I Do Not Have Nexus TaxJar

The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. In addition, you can apply it across all of your channels of sales to ensure that you are in compliance with sales taxes. It streamlines processes that can take days to complete, and finish within only a few 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 used extensively by owners of online businesses to keep everything neat and simple. Let’s explore their features and services.

Why Am I Getting Taxed Out Of State When I Do Not Have Nexus TaxJar

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Features and services

Integration

One of the most important things you’ll want to check is that your accounting tax software perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to maintain everything in line. The most important thing is not to face a penalty due to missing a single minor point.

TaxJar allows you to show your most important data in one location. This means that there is no need to collect data from different channels and sort it into a single platform. All you have to do is to integrate TaxJar, it will take care of all the rest.

Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list highlighting the platforms they can integrate with:

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

Filing

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

If you opt to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When it comes time to filing tax returns for income, the team will instruct you on how to handle them. It is up to you and your staff to complete the process on time. TaxJar will only guide you on what you have to do but not handle it.

If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. Through this feature, everything will be automated from calculating sales taxes through recording, and then processing it. However, there might be additional costs if the feature is not part of the plan you chose.

Sales Tax Reports

As mentioned earlier, you can use TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your team will have access to everything you need, like an inventory of your transactions, reports and data.

The most appealing aspect of the feature you’ve chosen is it allows you to update your account automatically each day. They not only let to know the amount you’ve collected, but they also help you determine when your next payment is due.

Their dashboard can also allow users to view in detail the sales tax totals for your business. It is also possible to export your data as the form of a CSV file in case you require it for your process of financial planning and accounting or if your team requires it to run centralized reports.

Training and Streamlining

TaxJar assists in organizing and keeping track of all of your sales channels. It means you don’t need to search for your documents when you need them in the event of a need. Even even if you already have an accountant, this function will make them more efficient.

Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have to cover other operating costs.

What’s more is that TaxJar offers training and tutorials not only for their platform , but also all things connected to sales tax. Check out their webinars, guides or blog posts for additional details. Apart from that, their sales tax calculator is helpful if you’re planning on take on the entire task yourself.

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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 levels and the features that each of these options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.

Starter

Their Starter plan is priced at $19. The company claims that it’s the most effective plan to help you with filing requirements and reporting. It comes with sales tax reporting, four free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you can access their AI tax tips.

If you’re a smaller company manager, the plan could be ideal for you. It might not include all the features offered by TaxJar, but it has the essentials that you need.

You can also contact 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 a bit more than just the basics, then the Professional plan may be the best option for you. It’s priced at $99 but it can go higher by adding 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 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 have a massive company, you may need to go for an upgrade instead. It has all of the features you need to make your tax filing easier. Moreover, they allow unlimited data import integrations, API integrationsfor team members as well as AutoFiles.

There is also a team that is devoted to managing your account. They don’t reveal the price of the Premium plan. will cost you. Why Am I Getting Taxed Out Of State When I Do Not Have Nexus TaxJar

However, they did say that this plan is tailor-fit for each user. The cost of the plan will be different in line with what you require to run your business.

Free Trial

It’s a good thing that 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 30 days of free trial. It should give you enough time to see whether the software is a good fit for you.

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Pros and Pros and

After we’ve gone over everything you should be aware of 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 business.

Pros

  • Does the plan include a Tax Advisor option for some plans
  • AutoFile features help save time
  • Available in most USA states
  • Provides Taxes on sales online calculator.
  • Support service team
  • The dashboard is simple to navigate
  • The company offers a 30-day trial for free.
  • 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 have access to the API feature
  • Only valid for USA customers
  • Needs accountants and owners to check local legislation

The Final Verdict

With everything laid out, TaxJar is an excellent platform for companies with multiple sales channels and uses plenty of platforms. If that sounds like what you’re doing, then must try TaxJar.

It’s not just a way to help you track the sales and profits of your business, but it can help you meet your deadlines. It is also a great option for accountants as they have the Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.

Utilizing TaxJar will help you reduce time and keep on top of each deadline and requirement you have to fulfill. If you live in a place with complicated tax laws, this will definitely help you get your head around the subject. Why Am I Getting Taxed Out Of State When I Do Not Have Nexus TaxJar

However, if managing taxes is easy, then TaxJar might not be a good investment. If you only have one or two sales channels, TaxJar won’t be needed to track everything. Moreover, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better to do it on your own.

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FAQ Why Am I Getting Taxed Out Of State When I Do Not Have Nexus TaxJar

Which areas does TaxJar offer API support?

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

Do I have the ability to connect Shopify with TaxJar?

Yes. You can connect 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 currencies. The transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it into USdollars prior to when TaxJar determines your tax.

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