Taxes have always been among the most difficult tasks to complete regardless of whether you’re running an enterprise or not. Particularly if you don’t have any experience in finance or accounting. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford enough money to employ an accountant, performing the task on your own can be risky. If you make a mistake it could mean you have to redo things again!
Most people want to skipping this step. But since it’s required, we have no choice.
So what is the best way to deal with it?
We can make life easier with tools such as TaxJar.
This article will take a 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 in the present.
Do you prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar Wisconsin TaxJar
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it across all of your channels of sales to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could can take days to complete, and finish within minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is neat and simple. Let’s take a look at the features and services offered by TaxJar.
Services and features
One of the first things you’ll need to make sure you have a tax accounting system perfectly integrates with your sales channel. If you’re using multiple sales channels, you need to maintain everything in line. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your most important data in one location. So, there’s no need to collect data in multiple channels and sort it into a single platform. All you have to do is to integrate TaxJar, then the system will do the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms they are able to integrate with:
TaxJar lets customers file their sales taxes manually or through TaxJar’s AutoFile feature. In our review we’ll dig at both.
If you choose to do it manually, TaxJar will allow you to connect all of the sales channels you use. When the time is right for filing income tax returns TaxJar will train you on how to manage them. It is up to you and your team members to complete the process in time. TaxJar is there to help you understand what you need to do but not handle it.
If you’d 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 is automated, from calculating sales tax through recording, and then processing them. But, it is possible to incur extra fees if not part of the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting woes. The orders you place through your online channels can be put together into one dashboard using this platform. From there you and your team will have access to all the information you need, like a list of your transactions, reports, and the data.
The best part about this feature is that it lets you to update your account automatically each day. They not only let to know the amount you’ve collected however, they can also help you track when your following payment is due.
Their dashboard can also allow you to fully view the sales tax totals in your business. You can also export the information 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 requires it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all your sales channels. It means you don’t need to search for your documents when you’re in the event of a need. Even when you already have your accountant, this feature can help them be more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have available for other operating costs.
The best part is that TaxJar offers tutorials and training and tutorials, not just for their platform but all things connected to sales tax. You can look through their guides, webinars, as well as their blog to find more information. In addition, their sales tax calculator should be useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to determine 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 levels and what each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. The company claims that it’s the best plan for those who need assistance with filing requirements and reporting. It includes the tax on sales, four free yearly AutoFiles, and a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale business manager, the plan will be perfect for you. It might not include all the features of TaxJar however, it does include the basic features you require.
Additionally, you can contact their support team with their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for something that is more than the basic features Professional could be the one for you. It starts at $99, but you can increase it if you add custom features.
How different is it from the basic plan?
Apart from having access to each of Starter plan’s features, you also have their phone customer support, API access, and the ability to do advanced CSV import. They also allow you to have 12 free AutoFiles each year.
If you own a huge company, you may need to opt for an upgrade instead. It comes with all the features that you require to make your tax filing easier. In addition, they offer unlimited import integrations of data API integrationsfor team members as well as AutoFiles.
They also have a team dedicated in managing your accounts. They don’t reveal the price of the Premium plan. costs you. Wisconsin TaxJar
But they did state that the plan is custom-made for every user. The cost of the plan will be different depending on what you need for your company.
Fortunately, you don’t need to gamble your money just to see if this platform is the right one for you. If you’re still considering various options, they provide a 30-day free trial. This should be enough time to see whether the service is the right choice for you.
Pros and Pros and
We’ve covered everything you need to be aware of TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of the use of TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- Allows you to track multiple sales channels
- 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.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies with multiple sales channels and uses plenty of platforms. If that sounds like what you do, then you ought to try this.
Not only will it aid in tracking the sales and profits of your business, but it can assist you in meeting your deadlines. This is also an excellent opportunity for accountants since they provide tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
The use of TaxJar will help you save more time while keeping on top of each deadline or requirement you need to meet. If you’re living in a region with a lot of tax laws, this can certainly help you to get your head around it. Wisconsin TaxJar
However, if managing your taxes is simple and straightforward, then TaxJar might not be a good investment. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the entire procedure easy to complete, you might be better to do it on your own.
FAQ Wisconsin TaxJar
What areas does TaxJar provide API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it into USdollars before TaxJar will calculate your tax.