Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have enough money to engage an accountant doing it on your own can be risky. If you make a mistake and you don’t know it, you may have to redo things again!
Almost everyone wants to skipping this step. However, since it’s mandatory to be done, we can’t choose not to.
So what is the best way to deal with it?
It is always possible to simplify our lives by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can help you. Even though this is lengthy it is possible to assess whether TaxJar is what you need in the present.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then let’s dive right in.
What is TaxJar Bigcommerce, TaxJar Api
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for your entire sales tax life cycle. Additionally, you can use it in all of your sales channels to make sure you’re in compliance with sales tax requirements. It simplifies the processes that take days to complete and finish within only a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is organized and straightforward. Let’s explore their features and services.
Features and services
One of the first things you’ll need to make sure you have a tax accounting system perfectly integrates along with sales funnels. If you’re using multiple sales channels, it is essential to ensure that everything is in order. The last thing you want is to be penalized for not paying attention to a minor thing.
TaxJar lets you display your critical data in one location. That way, there’s no requirement to collect information from multiple sources and organize it into a single platform. All you need to do is integrate TaxJar, then the system will handle all the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to file their sales taxes manually or through the AutoFile feature. In our review we’ll look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. When it comes time to the filing of income tax returns, the team will instruct you on how to manage the tax returns. But, it is up for you and your team members to complete everything in time. TaxJar is there to help you understand what you should accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. With this feature, everything is automated, from calculating sales tax to recording and processing it. However, there might be additional charges if they are not included in the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be combined into one dashboard using this platform. From there you and your team can access everything you need, such as an inventory of your transactions, reports, as well as information.
The best part about this feature is that it lets you to update automatically every day. They not only let you keep track of how much you’ve collected, but they also help you track when your following payment is due.
Their dashboard can also allow you to see the overall sales taxes in your business. You can also export your data to the form of a CSV file, if you want to use it for your process of financial planning and accounting or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep the track of all the channels you sell through. That means you won’t have to search for your documents when you’re when you’re in a pinch. Even if you already have your accountant, this feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have for other operational costs.
What’s more is that TaxJar offers training and tutorials not only on their platform, but for anything that has to do with sales tax. You can look through their guides, webinars, or blog posts for additional info. Additionally their sales tax calculator can be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb features, but they can be too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of these options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan costs $19. The company claims that it’s the most suitable plan for you if you need help with filing requirements and reporting. It comes with sales tax reporting, 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a small-scale business manager, the plan will be ideal for you. It may not offer all the features offered by TaxJar however, it does include the basic features you require.
You can also contact the support team via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking for that is more than the basic features Professional could be the one for you. It starts at $99, however, it could go up if you add custom features.
How different is it from the original plan?
In addition to accessing every one of Starter plan’s features, you also get access to their support via phone, API access, and the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
If you run a large business, you might need to choose the Premium plan instead. It comes with all the features needed to help with your taxes. Moreover, they allow unlimited data import integrations, API integrations, team users and AutoFiles.
They also have a staff that is devoted in managing your accounts. But, they don’t divulge the amount that the Premium plan will cost you. Bigcommerce, TaxJar Api
However, they did say that this plan is tailor-fit to each user. The cost of the plan will be different in line with what you require to run your business.
Fortunately, you don’t need to gamble your money just to determine if this service is the right one for you. If you’re still considering other options, they have 30 days of free trial. This should give you enough time to see whether the software is the right choice for you.
Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar let’s take a break. To summarize Here are the pros and cons of using TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides Taxes on sales online calculator
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies with many sales channels and utilizes many platforms. If that sounds like 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 however, it will assist you in meeting your deadlines. It’s also an excellent opportunity for accountants since they have a Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
The use of TaxJar can allow you to get more done while keeping on top of each deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this can surely help you wrap your head around it. Bigcommerce, TaxJar Api
If handling your taxes is simple, then TaxJar may be an unnecessary expense. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you find the entire procedure easy to complete then you’re better off doing it by yourself.
FAQ Bigcommerce, TaxJar Api
Which areas does TaxJar provide API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transactions are in USdollars. If you’re using a different currency, you will need to convert it into USUSD before TaxJar will calculate the tax.