Taxes have always been among the hardest things to do regardless of whether you’re running a business or not. Particularly if you don’t have a degree in finance or accounting. Tax-related work can be overwhelming, especially when your whole day is packed with things to do. If you don’t have enough money to hire an accountant, making it yourself can be risky. If you make a mistake, you might have to do it all over again!
Most people want to skip this step. However, since it’s mandatory, we have no choice.
What can we do ?
It is always possible to make our lives easier by using tools like TaxJar.
We’ll look at this life-saving tool and explain how it can help you. While this is a long read but you’ll be able to gauge whether TaxJar is the tool you require today.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, let’s dive right in.
What is TaxJar All Counties Are Missing From TaxJar? What Is Going On With TaxJar?
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. It is a solution for the entire life cycle. Furthermore, you can utilize it across all 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 is completed in just a few minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is extensively used by online business owners to ensure that everything is simple and organized. Let’s look into the benefits and features of TaxJar.
Features and services
One of the first things you’ll need to ensure is that your accounting tax software seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, it is essential to keep everything in place. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your key data in one location. That way, there’s no need to gather information from multiple sources and sort it into one platform. All you need to do is connect TaxJar then the system will take care of the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to submit their sales tax by hand or using their AutoFile feature. In our review we’ll dig into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all the sales channels you use. Once the time comes for the filing of income tax returns, the team will instruct you on how to handle the tax returns. But, it is up for you and your team members to complete the process in time. TaxJar is only there to help you understand what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. With this feature, everything will be automated, from calculating sales tax through recording, and then processing it. However, there might be additional charges if they are not part of the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting woes. The orders you place through your online channels can be combined into a single dashboard via this platform. From there you and your staff can access everything you require, including a list 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. Not only will they let to know the amount you’ve collected however, they can also help you keep track of when the next payments are due.
Their dashboard can also allow you to fully view the overall sales taxes for your business. You can also export your data in CSV format. CSV file if you need it in your accounting and financial planning processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the sales avenues you use. It means you don’t need to scramble for your documents when you need them in a pinch. Even if you already have your accountant, this function can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your funds better. You’ll know better how much budget you have for other operating costs.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform but everything that has to do with sales tax. Check out their webinars, guides or blog posts for additional 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 understand how important it is to establish your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing levels and what each of those options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan starts at $19. They claim that it’s the best plan if you need help in filing and reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you can access their AI tax tips.
If you’re a smaller company owner, this plan could be perfect for you. It might not include all of TaxJar’s features however, it does include the basic features you require.
You can also contact their customer support via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking to get different from the basic features and options, then the Professional plan may be the best option for you. It’s priced at $99 but you can increase it if you add custom features.
What is the difference from the starter plan?
In addition to accessing every one of Starter plan’s features, you also get access to their support via phone access to APIs, as well as the ability to do advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
If you have a massive enterprise, you may want to choose the Premium plan instead. It has all of the features you need to aid in your tax preparation. In addition, they offer unlimited import integrations of data, API integrationsfor team users and AutoFiles.
They also have a staff dedicated for managing the account. But, they don’t divulge how much the Premium plan will cost you. All Counties Are Missing From TaxJar? What Is Going On With TaxJar?
However, they did mention that this plan is customized for every user. The cost of the plan will be different according to what you require to run your business.
Fortunately, you don’t need to bet your life on it to determine if this service is the right one for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is the right choice for you.
Pros and Pros and
We’ve covered everything you must know about TaxJar let’s take a breather. To sum it all up, here are the advantages and disadvantages of making use of TaxJar for your business.
- There is a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for businesses with many sales channels and utilizes many platforms. If that’s what you’re doing, then must try TaxJar.
Not only will it assist you in keeping track of your revenue and products however, it will help you meet the deadlines you set. This is also an excellent option for accountants as they provide the Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
The use of TaxJar can allow you to save more time while keeping on top of each deadline or requirement you need to fulfill. If you’re in an area with complex tax laws, this can definitely help you get your mind around it. All Counties Are Missing From TaxJar? What Is Going On With TaxJar?
But if handling your taxes is simple If it isn’t, then TaxJar could be a waste of investment. If you have only one or two sales channels, TaxJar won’t be needed to track everything. In addition, if you find the whole procedure easy to complete then you’re better in doing it all by yourself.
FAQ All Counties Are Missing From TaxJar? What Is Going On With TaxJar?
What are the areas in which TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions are in US$. If you’re using another currency, you will need to convert it into USdollars before TaxJar will calculate your tax.