Taxes are always one of the most difficult tasks to complete regardless of whether you run an enterprise or not. More so if you don’t have any experience in finance or accounting. Tax-related work can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have the funds to employ an accountant, making it your own could be risky. If you overlook one thing it could mean you have to do it all over again!
Most people want to avoid this step. However, since it’s mandatory, we have no choice.
So what can we do about it?
It is always possible to simplify our lives by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can benefit you. While this is lengthy but you’ll be able to assess whether TaxJar is what you need today.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar Avalara Vs TaxJar Reviews
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it in 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 has been utilized in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by online business owners to make their business more simple and organized. Let’s look into the benefits and features of TaxJar.
Services and features
One of the most important things you’ll want to check is that your accounting tax platform perfectly integrates along with sales funnels. If you’re selling through multiple channels, you must keep everything in place. 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 critical data in one location. So, there’s no need to gather data from different channels and then organize it on a single platform. All you need to do is integrate TaxJar it will handle the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms that they can connect with:
TaxJar lets customers make sales tax filings either manually or via their AutoFile feature. For this review, we’ll dig into both.
If you decide to go it alone, TaxJar will allow you to connect all the sales channels you use. When the time is right for filing tax returns for income The team will guide you on how to handle the tax returns. But, it is up to you and your staff to complete the process within the timeframe. TaxJar is only there to help you understand what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. This feature will ensure that everything is automated, from calculating sales taxes through recording, and then processing them. But, it is possible to incur extra fees if not included in the plan you choose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your team will have access to everything you need, such as a list of your transactions, reports, as well as information.
The most appealing aspect of this option is the fact that it allows you to update automatically every day. Not only can they help to know the amount you’ve earned and how much you’ve earned, but they also let you track when your following payment is due.
Their dashboard also allows users to view in detail the sales tax totals in your business. You can also export your data in a CSV file in case you require it to aid in accounting and financial planning processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all the channels you sell through. That means you won’t have to search for your documents when you need them in a pinch. Even if you already have your accountant, this feature can make them more efficient.
Moreover, knowing the estimates 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.
But what’s even better is that TaxJar offers tutorials and training not only for their platform but all things connected to sales tax. You can look through their webinars, guides or blog posts for additional information. In addition, their sales tax calculator should be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing structures and what each of these options can offer you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. They claim that it’s the most effective plan to help you with filing requirements and reporting. It includes taxes on sales and sales as well as four free yearly AutoFiles, and an CSV import. With the starter plan, you will be able to access their AI tax advice.
If you’re a smaller business manager, the plan should be perfect for you. It may not offer all the features offered by TaxJar however, it does include the essentials that you need.
In addition, you can reach their customer support via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for a bit more than just the basics, then the Professional plan could be the one for you. It starts at $99, however, it could go up by adding custom features.
So how different is it from the original plan?
Apart from having access to every one of Starter plan’s features, you also have the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you run a large business, you might need to go for an upgrade instead. It has all of the features you need to aid in your tax preparation. In addition, they offer unlimited data import integrations API integrationsfor team members, and AutoFiles.
They also have a staff dedicated to managing your account. They don’t reveal the amount that the Premium plan will cost you. Avalara Vs TaxJar Reviews
However, they did mention 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 gamble your money just to find out if the platform is the right one for you. If you’re still considering other options, they have 30 days of free trial. It should give you enough time to see whether the software is an excellent fit for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of the use of TaxJar to run your business.
- There is 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 easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- You can track several 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
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform businesses with numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you do, then you should try this.
Not only can it assist you in keeping track of the sales and profits of your business however, it will assist you in meeting the deadlines you set. It’s also an excellent platform for an accountant since they offer the Tax Advisor program. You can get tips and gain knowledge from their workshops about taxes through it.
Using TaxJar will help you reduce time and keep track of every deadline and obligation you have to meet. If you’re living in an area with complex tax regulations, this will certainly help you to get your head around it. Avalara Vs TaxJar Reviews
If handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary investment. If you have only one or two channels for sales, TaxJar won’t be needed to track all of it. In addition, if you find the whole procedure easy to complete, you might be better off doing it by yourself.
FAQ Avalara Vs TaxJar Reviews
Which areas does TaxJar provide API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transaction amounts are n USdollars. If you’re using a different currency, you will need to convert it into USdollars prior to when TaxJar will calculate your tax.