Taxes have always been among the most difficult tasks to complete regardless of whether you run your own business or not. More so if you don’t have a degree in accounting or finance. Tax-related work can be overwhelming, particularly when you’re packed with things to do. When you’re not able to afford the budget to employ an accountant, making it your own could be risky. If you overlook one thing and you don’t know it, you may 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.
What is the best way to deal with it?
We can always 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 but you’ll be able to gauge whether TaxJar is the tool you require right now.
Are you looking video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar? Avalara Vs TaxJar Pricing
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It’s a solution for the entire life cycle. In addition, you can apply it across all your sales channels to ensure compliance with sales taxes. It streamlines processes that take days to complete and finish within just a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses to keep everything organized and straightforward. Let’s explore the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to make sure you have a tax accounting software perfectly integrates in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to keep everything in place. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar allows you to display your most important metrics in one spot. That way, there’s no need to gather information from multiple sources and organize it into a single platform. All you need to do is to integrate TaxJar then the system will take care of all the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows customers to file their sales taxes by hand or using their AutoFile feature. In our review we’ll take a look into both.
If you choose to go it alone, TaxJar will allow you to connect your sales platforms. When the time is right for filing tax returns for income, the team will instruct you on how to manage them. But, it is up to you and your team to complete everything on time. TaxJar is only there to provide guidance on what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out all forms by hand. With this feature, everything is automated, from calculating sales taxes through recording, and then processing them. There could be additional charges if they are not included in the plan you select.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be compiled into a single dashboard through this platform. Once you’re on the platform, you and your team will have access to all the information you need, such as a list of your transactions, reports, and information.
The best part about the feature you’ve chosen is they allow you to update automatically every day. Not only can they help you keep track of how much you’ve accumulated, but they also help you keep track of when the next payment is due.
Their dashboard also allows you to see the sales tax totals within your company. Additionally, you can export the information as a CSV file if you need it for your process of financial planning and accounting or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep on top of all your sales channels. This means that you don’t have to hunt for your paperwork whenever you’re in the event of a need. Even even if you already have an accounting firm, the feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your funds more effectively. You’ll be aware of the budget you have to cover other operating expenses.
The best part is that TaxJar offers training and tutorials and tutorials, not just on their platform, but for anything connected to sales tax. You can look through their guides, webinars, or blog posts for additional information. Additionally their sales tax calculator can be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb features, but they can be 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 these options can offer you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. The company claims that it’s the most effective plan if you need help with filing requirements or reporting. It also includes sales tax reporting, four annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you can access their AI tax tips.
If you’re a small company manager, the plan should be ideal for you. It may not have all the features of TaxJar however, it does include all the basics 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 for something that is more than the standard features Professional might be the right one for you. The price starts 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 options, you also have access to the support of their customer service via phone access to APIs, as well as advanced CSV import. You can also receive 12 free AutoFiles every year.
If you run a large business, you might need to choose an upgrade instead. It has all of the features you need to help with your taxes. In addition, they offer unlimited data import integrations as well as API integrationsfor team members as well as AutoFiles.
There is also a team who are devoted for managing the account. However, they don’t disclose how much the Premium plan costs you. Avalara Vs TaxJar Pricing
However, they did say that this plan is tailor-fit 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 bet your life on it to find out if the platform is right for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is a good fit for you.
Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar Let’s relax. To sum it all up, here are the pros and cons of using TaxJar for your business.
- Has a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms
- It allows you to monitor multiple 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 valid for USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies with many sales channels and utilizes plenty of platforms. If that sounds like what you do, then you ought to try this.
It’s not just a way to assist you in keeping track of your products and revenue however, it will also help you meet your deadlines. This is also an excellent platform for an accountant since they have 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 reduce time and keep on top of each deadline or requirement you need to meet. If you’re living in a region with a lot of tax laws, this can definitely help you get your mind around it. Avalara Vs TaxJar Pricing
If handling your taxes is simple and straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire procedure easy to complete, you might be better off doing it on your own.
FAQ Avalara Vs TaxJar Pricing
What are the areas in which TaxJar provide API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify into TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it into USdollars before TaxJar can calculate your tax.