Taxes have always been among the most difficult tasks to complete regardless of whether you’re running your own business or not. Particularly if you don’t have a degree in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. When you’re not able to afford the budget to engage an accountant making it your own can be risky. If you miss one detail, you might have to redo things again!
Most people want to avoid this step. But since it’s required, we have no choice.
What can we do ?
It is always possible to make life easier with tools such as TaxJar.
This article will take a look at this popular life-saving tool and how it can assist you. Although this is quite an extensive read but you’ll be able to determine if TaxJar is the tool you require today.
Are you looking watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What exactly is TaxJar? Avalara Vs TaxJar Vs
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It’s a solution for the entire life cycle. Additionally, you can use it across all of your sales channels to ensure that you are in compliance with your sales taxes. It makes the process simpler that could require days to complete and is completed in just a few just a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by online business owners to ensure that everything is neat and simple. Let’s look into the features and services offered by TaxJar.
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Features and services
Integration
One of the most important things you’ll need to make sure you have a tax accounting platform perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to 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 most important metrics in one place. This means that there is no requirement to collect information from multiple sources and sort it into one platform. All you have to do is to integrate TaxJar it will take care of the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar allows customers to file their sales taxes by hand or using their AutoFile feature. In our review we’ll dig into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect those sales tools. Once the time comes for filing income tax returns, the team will instruct you on how to manage the tax returns. It is up to you and your team to complete the process within the timeframe. TaxJar will only provide guidance on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out all forms by hand. Through this feature, everything will be automated from calculating taxes on sales in order to record and process them. However, there might be additional charges if they are not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting woes. All orders made through your e-commerce channels can be compiled into a single dashboard via this platform. From there you and your staff will have access to all the information you require, including the list of transactions, reports, and information.
The best part about the feature you’ve chosen is it allows you to update automatically every day. Not only can they help to know the amount you’ve accumulated and how much you’ve earned, but they also let you determine when your next payments are due.
Their dashboard also allows users to view in detail the sales tax totals within your company. You can also export the data to the form of a CSV file, if you want to use it in your process of financial planning and accounting or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the sales avenues you use. This means that you don’t have to search for your documents whenever you’re in a pinch. Even when you already have your accountant, this function will help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have available for other operating expenses.
What’s more is that TaxJar offers tutorials and training not only for their platform but everything that has to do with sales tax. You can check out their webinars, guides, as well as their blog to find more details. Apart from that, their sales tax calculator should 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. Some platforms provide amazing capabilities, but they’re often too costly for your business. For this reason we’ll take a look at TaxJar’s pricing levels and the features that each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan is priced at $19. The company claims that it’s the best plan if you need help in filing and reporting. It comes with taxes on sales and sales as well as four 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 small-scale company manager, the plan should be ideal for you. It might not include all the features offered by TaxJar 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 tools.
Professional
If you’re looking for something a bit more than just the basics Professional may be the best option for you. It starts at $99, but it can go higher by adding 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 their support via phone, API access, and the ability to do advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you have a massive company, you may need to go for premium plans instead. It comes with all the features you need to aid in your tax preparation. Additionally, they permit unlimited integrations with data imports, API integrations, team users and AutoFiles.
They also have a staff dedicated in managing your accounts. But, they don’t divulge the price of the Premium plan. is going to cost. Avalara Vs TaxJar Vs
However, they did mention that this plan is tailor-fit for every user. So the costs will vary in line with what you require for your company.
Free Trial
It’s a good thing that you don’t have to bet your life on it to see if this platform is for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to gauge if the platform is the right choice for you.
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Pros and Pros and
After we’ve gone over everything you must know about TaxJar Let’s relax. To summarize Here are the pros and cons of using TaxJar for your business.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers an online sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- It allows you to monitor multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes many platforms. If that’s what you do, then you ought to try this.
Not only will it assist you in keeping track of the sales and profits of your business, but it can assist you in meeting the deadlines you set. It is also a great platform for an accountant since they offer 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 track of every deadline and obligation you have to meet. If you live in an area with complex tax laws, this can surely help you wrap your head around it. Avalara Vs TaxJar Vs
However, if managing your taxes is simple, then TaxJar may be an unnecessary expense. If you have only one or two sales channels, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole procedure easy to complete and you’re comfortable with it, you may be better to do it by yourself.
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FAQ Avalara Vs TaxJar Vs
Which areas does TaxJar offer API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can link your Shopify account to 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 of the transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it into US$ before TaxJar will calculate your tax.
