Taxes have always been among the hardest things to do regardless of whether you run an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related issues can be overwhelming, especially when your whole day is full of things to be done. In the event that you do not have enough money to hire an accountant, making it your own could be dangerous. If you miss one detail it could mean you have to redo things again!
Almost everyone wants to skipping this step. But since it’s required to be done, we can’t choose not to.
So , what can we do about it?
We can simplify our lives with tools such as TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can help you. While this is a long read, you should be able to assess whether TaxJar is what you need in the present.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What is TaxJar? Autofile Not Showing In TaxJar
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all the sales channels you use to ensure that you are in compliance with your sales taxes. It simplifies the processes that require days to complete and is completed in just a few just a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is used extensively by business owners who run online businesses to ensure that everything is organized and straightforward. Let’s take a look at the benefits and features of TaxJar.
Features and services
One of the most important things you’ll need to ensure is your tax-reporting system perfectly integrates with your sales channel. If you have multiple sales channels, you must maintain everything in line. The last thing you want is to be penalized for missing a single minor point.
TaxJar lets you display your key metrics in one spot. This means that there is no need to collect data from different channels and sort it into one platform. All you need to do is integrate TaxJar then the system will take care of all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows customers to submit their sales tax either manually or via TaxJar’s AutoFile feature. For this review, we’ll look into both.
If you choose to go it alone, TaxJar will allow you to connect all the sales channels you use. Once the time comes for filing income tax returns TaxJar will train you on how to manage the tax returns. It is up for you and your staff to complete the process on time. TaxJar is only there to guide you on what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. With this feature, everything is automated, from calculating taxes on sales in order to record and process them. But, it is possible to incur additional charges if they are not included in the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting problems. The orders you place through your online 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 a list of your transactions, reports, as well as information.
The most appealing aspect of this feature is that it allows you to update your account automatically each day. They not only let you know how much you’ve accumulated, but they also help you track when your following payment is due.
The dashboard allows you to see the total sales tax in your business. It is also possible to export the information as the form of a CSV file in case you require it to aid in accounting and financial planning processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps 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 accountant, this feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time can help you allocate your funds more effectively. You’ll know better how much budget you have available for other operating expenses.
The best part is that TaxJar provides training and tutorials, not just on their platform, but all things connected to sales tax. You can look through their webinars, guides, as well as their blog to find more info. Apart from that the sales tax calculator can be useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing structures and what each of those choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. They claim that it’s the best plan for those who need assistance with filing requirements and reporting. It comes with the tax on sales, four annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you will be able to access their AI tax advice.
If you’re a small-scale business manager, the plan could be ideal for you. It may not have all of TaxJar’s features however, it does include the basic features you require.
You can also contact their support team with their support chart for email. You’ll also have access to their integration features.
If you’re looking to get that is more than the basic features Professional might be the right one for you. It starts at $99, but you can increase it if you add custom features.
So how different is it from the starter plan?
In addition to accessing each of Starter plan’s options, you also have access to the support of their customer service via phone, API access, and sophisticated CSV import. They also allow you to have 12 free AutoFiles each year.
If you have a massive enterprise, you may want to go for an upgrade instead. It includes all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited import integrations of data, Integrations with APIs, teams of members and AutoFiles.
They also have a team dedicated to managing your account. They don’t reveal how much the Premium plan costs you. Autofile Not Showing In TaxJar
But they did state that this plan is customized for every user. Therefore, the cost will differ according to what you require to run your business.
Fortunately, you don’t need to risk your money to find out if the platform is for you. If you’re still considering different options, they offer 30 days of free trial. This should give you enough time to determine if the platform is a good fit for you.
Pros and Cons
After we’ve gone over everything you need to know about TaxJar let’s take a break. To summarize, here are the advantages and disadvantages of the use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support service team
- The dashboard is easy 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
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable to USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to companies that have multiple sales channels and uses many platforms. If this sounds like the way you’re doing, then must try TaxJar.
It’s not just a way to aid in tracking the sales and profits of your business however, it will also help you meet your deadlines. It is also a great platform for an accountant since they offer the Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Utilizing TaxJar can allow you to reduce time and keep the track of each deadline or requirement you need to fulfill. If you’re living in a place with complicated tax laws, this can definitely help you get your head around it. Autofile Not Showing In TaxJar
If handling your taxes is simple and straightforward, then TaxJar could be a waste of investment. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you find the entire procedure easy to complete then you’re better off doing it by yourself.
FAQ Autofile Not Showing In TaxJar
What are the areas in which TaxJar offer API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions are in US$. If you’re using another currency, you’ll have to convert it into USdollars prior to when TaxJar determines your tax.