Taxes are always one of the most difficult things to handle regardless of whether you’re running a business or not. More so if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, especially when your whole day is filled with tasks to complete. When you’re not able to afford the budget to engage an accountant making it your own could be risky. If you miss one detail and you don’t know it, you may have to redo things again!
Almost everyone wants to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do about it?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can help you. Even though this is an extensive read it is possible to gauge whether TaxJar is the tool you require in the present.
Do you prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, then we’ll dive right into.
What is TaxJar Zip To State Lookup Api TaxJar
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it across all of your channels of sales to ensure that you are in compliance with your sales taxes. It makes the process simpler that could take days to complete and can be completed in a matter of minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is used extensively by online business owners to keep everything simple and organized. Let’s take a look at the benefits and features of TaxJar.
Services and features
One of the first things you’ll want to check is your tax-reporting platform perfectly integrates along with sales funnels. If you have multiple sales channels, you must ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your most important data in one location. So, there’s no need to collect data from different channels and then organize it on one platform. All you need to do is connect TaxJar, and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar lets customers file their sales taxes manually or through TaxJar’s AutoFile feature. In the purpose of this article, we’ll look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of 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 for you and your team to complete everything on time. TaxJar will only help you understand what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out any forms manually. Through this feature, everything will be automated, from calculating sales tax through recording, and then processing them. However, there might be additional costs if the feature is you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be combined into one dashboard using this platform. From there you and your team will have access to everything you need, like an inventory of your transactions, reports, and the data.
The most appealing aspect of the feature you’ve chosen is it lets you to automatically update every day. Not only can they help you know how much you’ve accumulated, but they also help you keep track of when the next payments are due.
Their dashboard also allows you to see the total sales tax within your company. You can also export your data to a CSV file if you need it for your financial planning and accounting processes or if you require it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. This means that you don’t have to hunt for your paperwork whenever you’re in the event of a need. Even if you already have your accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds more effectively. You’ll be aware of the budget you have available for other operational costs.
What’s more is that TaxJar offers tutorials and training and tutorials, not just on their platform, but all things that has to do with sales tax. Check out their webinars, guides, as well as their blog to find more information. Apart from that the sales tax calculator can be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing tiers and what each of those plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. They say it’s the most effective plan to help you with filing requirements or reporting. It also includes the tax on sales, four free yearly AutoFiles, and an CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small-scale business proprietor, then this program will be ideal for you. It might not include all the features offered by TaxJar, but it has all the basics you require.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking to get that is more than the basics and options, 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 basic plan?
Apart from having access to each of Starter plan’s features, you also have their support via phone access to APIs, as well as the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
If you own a huge company, you may need to choose an upgrade instead. It has all of the features that you require to help with your taxes. Moreover, they allow unlimited import integrations of data, Integrations with APIs, teams of users and AutoFiles.
They also have a staff that is devoted for managing the account. But, they don’t divulge how much the Premium plan costs you. Zip To State Lookup Api TaxJar
But they did state that this plan is customized to each user. So the costs will vary in line with what you require to run your business.
It’s a good thing that you don’t have to risk your money to find out if the platform is right for you. If you’re still looking into various options, they provide 30 days of free trial. It should give you enough time to determine whether the service is a good fit for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a break. To summarize Here are the advantages and disadvantages of using TaxJar for your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- You can track several 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 applicable for USA customers
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for businesses with multiple sales channels and uses many platforms. If that sounds like what you do, then you should try this.
It’s not just a way to help you track your products and revenue however, it will assist you in meeting the deadlines you set. It is also a great opportunity for accountants since they have tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
Utilizing TaxJar can allow you to reduce time and keep on top of each deadline and obligation you have to fulfill. If you live in an area with complex tax regulations, this will certainly help you to get your head around it. Zip To State Lookup Api TaxJar
But if handling your taxes is straightforward and straightforward, then TaxJar may be an unnecessary expense. If you have only one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you’re finding the entire process easy to do, you might be better in doing it all on your own.
FAQ Zip To State Lookup Api TaxJar
What areas does TaxJar offer API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transactions are in US$. If you’re using another currency, you will need to convert it to US$ before TaxJar determines your tax.