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 background in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is packed with things to do. In the event that you do not have enough money to engage an accountant performing the task on yourself can be dangerous. If you make a mistake it could mean you need to repeat the process!
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 ?
We can simplify our lives with tools such as TaxJar.
We’ll look at this life-saving device and how it can benefit you. While this is an extensive read it is possible to gauge whether TaxJar is the tool you require right now.
Are you looking to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
If you prefer to read, then let’s get right into it.
What is TaxJar Apps Similar To TaxJar
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It is a solution for the entire life cycle. In addition, you can apply it across all of the sales channels you use to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could require days to complete and finish within only a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by business owners who run online businesses to make their business more organized and straightforward. Let’s take a look at the benefits and features of TaxJar.
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Services and features
Integration
One of the most important things you’ll need to make sure is your tax-reporting system seamlessly works well along with sales funnels. If you’re using multiple sales channels, you must maintain everything in line. The final thing you would like is to be penalized for missing a single minor point.
TaxJar allows you to display your key metrics in one spot. This means that there is no need to gather data in multiple channels and organize it into a single platform. All you need to do is to integrate TaxJar, then the system will take care of the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar allows customers to make sales tax filings manually or through the AutoFile feature. In the purpose of this article, we’ll dig at both.
If you opt to go it alone, TaxJar will allow you to connect all your sales platforms. When the time is right for the filing of income tax returns The team will guide you on how to manage them. However, it will be up to you and your team to finish the tax returns within the timeframe. TaxJar is only there to guide you on what you should do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. This feature will ensure that everything is automated, from calculating sales tax through recording, and then processing it. But, it is possible to incur extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting problems. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. From there you and your team will have access to everything you need, like the list of transactions, reports, as well as data.
The greatest benefit of this feature is that it allows you to update automatically every day. Not only will they let you know how much you’ve earned however, they can also help you track when your following payments are due.
Their dashboard also allows you to fully view the total sales tax for your business. Additionally, you can export your data as CSV format. CSV file in case you require it in your accounting and financial planning processes or if you require it for central reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of the channels you sell through. It means you don’t need to search for your documents whenever you’re in a pinch. Even when you already have your accounting firm, the feature can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your money more efficiently. You’ll know exactly how much budget you have for other operating costs.
What’s more is that TaxJar provides training and tutorials and tutorials, not just for their platform , but also for anything connected to sales tax. You can look through their guides, webinars, and blog for more info. Additionally their sales tax calculator can be useful if you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing 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.
Starter
Their Starter plan is priced at $19. They say it’s the most effective plan for those who need assistance with filing requirements or reporting. It comes with taxes on sales and sales as well as 4 autofiles for free each year, and an CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a smaller business proprietor, then this program should be perfect for you. It may not have all the features offered by TaxJar but it comes with the basic features you require.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration features.
Professional
If you’re looking for a bit more than just the basics, then the Professional plan may be the best option for you. It starts at $99, however, it could go up when you add additional features.
So how different is it from the basic plan?
Apart from having access to all of the Starter plan’s features, you also get access to their phone customer support, API access, and advanced CSV import. They also allow you to have 12 free AutoFiles each year.
Premium
If you run a large business, you might need to opt for premium plans instead. It has all of the features that you require to help with your taxes. Additionally, they permit unlimited import integrations of data as well as API integrations, team members as well as AutoFiles.
They also have a staff that is devoted to managing your account. But, they don’t divulge how much the Premium plan will cost you. Apps Similar To TaxJar
However, they did say that this plan is customized for each user. Therefore, the cost will differ according to what you require for your company.
Free Trial
It’s a good thing that you don’t have to risk your money to find out if the platform is the right one for you. If you’re still considering other options, they have a 30-day free trial. It should give you enough time to determine if the platform is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the pros and cons of the use of TaxJar to run your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- You can track several sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable to USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes many platforms. If that’s what you do, then you should try this.
It’s not just a way to assist you in keeping track of the sales and profits of your business, but it can help you meet the deadlines you set. It’s also an excellent option for accountants as they have a Tax Advisor program. You can get tips and learn from their sessions about taxes through it.
Utilizing TaxJar can allow you to get more done while keeping track of every deadline and requirement you have to meet. If you live in a region with a lot of tax laws, this will surely help you wrap your mind around it. Apps Similar To TaxJar
If handling taxes is easy and straightforward, then TaxJar might not be a good investment. If you have only one or two channels of sales, 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 off doing it by yourself.
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FAQ Apps Similar To TaxJar
What areas does TaxJar provide API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transaction amounts are n US$. If you’re using another currency, you’ll need to convert it to US$ prior to when TaxJar determines the tax.
