Taxes are always one of the most difficult tasks to complete regardless of whether you’re running an enterprise or not. More so if you don’t have a degree in accounting or finance. Tax-related issues can be overwhelming, particularly when you’re full of things to be done. When you’re not able to afford the budget to hire an accountant, doing it on your own can be risky. If you miss one detail, you might need to repeat the process!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement and mandatory, there’s no other choice.
So what can we do about it?
It is always possible to make life easier by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can benefit you. Although this is quite an extensive read it is possible to assess whether TaxJar is exactly what you need in the present.
Are you looking to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar 9 Tax Form
Founded in 2013, TaxJar is an application that automatizes your reporting, filings and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it across all of your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that take days to complete and is completed in just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to make their business more simple and organized. Let’s explore the benefits and features of TaxJar.
Services and features
One of the first things you’ll need to ensure is your tax-reporting platform seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you must maintain everything in line. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your key metrics in one place. That way, there’s no need to collect information from multiple sources and sort it into one platform. All you need to do is connect TaxJar and the platform will take care of 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 are able to integrate with:
TaxJar allows customers to file their sales taxes either manually or via their AutoFile feature. For our review we’ll dig into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. When the time is right for the filing of income tax returns The team will guide you on how to handle the tax returns. However, it will be up to you and your team members to complete the process on time. TaxJar is there to provide guidance on what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out all forms by hand. This feature will ensure that everything is automated, from calculating taxes on sales through recording, and then processing it. However, there might be extra fees if not part of the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to assist you with your accounting problems. All orders made through your e-commerce channels can be compiled into a single dashboard via this platform. Once you’re on the platform, you and your team will have access to all the information you require, including an inventory of your transactions, reports, and the data.
The greatest benefit of this feature is that it allows you to update automatically every day. They not only let you know how much you’ve accumulated however, they can also help you determine when your next payments are due.
Their dashboard also allows users to view in detail the sales tax totals for your business. Additionally, you can export the data in the form of a CSV file if you need it to aid in process of financial planning and accounting or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps you organize and keep track of all of the channels you sell through. That means you won’t have to hunt for your paperwork when you’re in the event of a need. Even when you already have your accountant, this feature will help them be more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your money more efficiently. You’ll be aware of the budget you have for other operational expenses.
The best part is that TaxJar provides training and tutorials, not just for their platform , but also all things that has to do with sales tax. Check out their webinars, guides or blog posts for additional information. Apart from that their sales tax calculator is helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We understand how important it is to set your budget. Certain platforms have amazing features, but they can be too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of these options can offer you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. They claim that it’s the most suitable plan for you for those who need assistance in filing and reporting. It comes with the tax on sales, 4 autofiles for free each year, and a CSV import. With the starter plan, you will be able to access their AI tax recommendations.
If you’re a smaller business proprietor, then this program will be perfect for you. It might not include all of TaxJar’s features but it comes with the basic features you require.
In addition, you can reach their support team with their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for different from the basics, then the Professional plan might be the right one for you. The price starts at $99 but you can increase it when you add additional features.
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 sophisticated CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you run a large company, you may need to go for the Premium plan instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited import integrations of data API integrationsfor team members and AutoFiles.
They also have a staff that is devoted in managing your accounts. However, they don’t disclose the price of the Premium plan. is going to cost. 9 Tax Form
However, they did say that this plan is customized to each user. The cost of the plan will be different in line with what you require for your business.
Luckily, you don’t have to bet your life on it to determine if this service is right for you. If you’re still considering various options, they provide a 30-day free trial. This should give you enough time to gauge whether the software is an excellent fit for you.
Pros and Pros and
We’ve covered everything you should be aware of TaxJar let’s take a break. To sum it all up Here are the pros and cons of using TaxJar for your company.
- There is the 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 simple to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable to USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid out TaxJar can be a great platform businesses with many sales channels and utilizes numerous platforms. If that sounds like what you’re doing, then you should try this.
It’s not just a way to aid in tracking 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 a Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
The use of TaxJar can help you reduce time and keep on top of each deadline and requirement you have to fulfill. If you live in a region with a lot of tax laws, this will definitely help you get your head around the subject. 9 Tax Form
If handling taxes is easy, then TaxJar could be a waste of investment. If you have only one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better in doing it all by yourself.
FAQ 9 Tax Form
Which areas does TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can sync 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 doesn’t convert currency values. The transactions are in USdollars. If you’re using a different currency, you will need to convert it to USUSD prior to when TaxJar determines your tax.