Taxes have always been one of the hardest things to do, whether you’re running your own business or not. More so if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford enough money to hire an accountant, making it yourself can be risky. If you overlook one thing and you don’t know it, you may have to do it all over again!
Almost everyone wants to avoid this step. But since it’s required, we have no choice.
What can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
This article will take a look at this popular life-saving tool and explain how it can assist you. While this is a long read, you should be able to gauge whether TaxJar is exactly what you need in the present.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar? Can I Cancel TaxJar At Anytime?
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculations. It’s a solution for the entire life cycle. In addition, you can apply it across all of your channels of sales to ensure compliance with sales taxes. It streamlines processes that require days to complete and finish within just a few minutes.
TaxJar has been used in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to ensure that everything is organized and straightforward. Let’s look into their features and services.
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Services and features
Integration
One of the most important things you’ll want to check you have a tax accounting software perfectly integrates with your sales channel. If you’re using multiple sales channels, you must maintain everything in line. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your most important data in one location. This means that there is no requirement to collect data from different channels and sort it into a single platform. All you need to do is to integrate TaxJar it will do all the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar lets customers file their sales taxes either manually or via their AutoFile feature. In our review we’ll take a look into both.
If you opt to do it manually, TaxJar will allow you to connect all of your sales platforms. When the time is right for filing tax returns for income The team will guide you on how to manage these. But, it is up to you and your staff to complete everything on time. TaxJar will only guide you on what you should 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 the forms in a manual manner. This feature will ensure that everything is automated, from calculating sales taxes to recording and processing it. However, there might be additional costs if the feature is you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. From there you and your staff will have access to all the information you need, like an inventory of your transactions, reports, as well as the data.
The most appealing aspect of this feature is that they allow you to update automatically every day. Not only will they let to know the amount you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payments are due.
Their dashboard also allows you to fully view the sales tax totals for your business. It is also possible to export the data as CSV format. CSV file, if you want to use it for your process of financial planning and accounting or if your team needs it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the sales avenues you use. It means you don’t need to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accountant, this function will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your funds better. You’ll know exactly how much budget you have for other operational costs.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just on their platform, but for anything related to sales tax. You can check out their webinars, guides, or blog posts for additional info. Additionally, their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We understand how important it is to determine your budget. Certain platforms have amazing features, but they can be too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing tiers and what each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan costs $19. The company claims that it’s the best plan if you need help with filing requirements and reporting. It also includes the tax on sales, 4 free yearly AutoFiles, and an CSV import. Even 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 of TaxJar, but it has the basic features you require.
You can also contact their support team with their email support chart. You’ll also be able to use their integration features.
Professional
If you’re looking to get a bit more than just the basic features and options, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher if you add custom features.
So how different is it from the starter plan?
In addition to accessing all of the Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as advanced CSV import. You can also have 12 free AutoFiles each year.
Premium
If you own a huge enterprise, you may want to go for an upgrade instead. It comes with all the features that you require to make your tax filing easier. In addition, they offer unlimited integrations with data imports API integrations, team members as well as 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. Can I Cancel TaxJar At Anytime?
But they did state that this plan is customized for every user. Therefore, the cost will differ depending on what you need for your business.
Free Trial
Luckily, you don’t have to risk your money to find out if the platform is right for you. If you’re still looking into various options, they provide 30 days of free trial. This should give you enough time to determine whether the software is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the pros and cons of making use of TaxJar for your company.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers on the internet for sales tax 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.
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable for USA customers
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid out TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you’re doing, then you must try TaxJar.
It’s not just a way to aid in tracking the sales and profits of your business however, it will help you meet your deadlines. It is also a great platform for an accountant since they offer tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
The use of TaxJar can help you get more done while keeping track of every deadline and obligation you have to meet. If you live in a place with complicated tax laws, this will certainly help you to get your head around the subject. Can I Cancel TaxJar At Anytime?
But if handling taxes is easy and straightforward, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of everything. In addition, if you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better to do it by yourself.
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FAQ Can I Cancel TaxJar At Anytime?
What are the areas in which TaxJar offer API support?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All of the transactions are in US$. If you’re using another currency, you’ll have to convert it into USUSD prior to when TaxJar will calculate your tax.
