Taxes have always been among the most difficult tasks to complete regardless of whether you run an enterprise or not. Particularly if you don’t have a degree in finance or accounting. Tax-related tasks can be overwhelming, especially when you’re packed with things to do. If you don’t have the funds to engage an accountant performing the task on your own can be dangerous. If you miss one detail and you don’t know it, you may have to do it all over again!
Nearly everyone would prefer 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?
It is always possible to make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can help you. Although this is quite an extensive read but you’ll be able to determine if TaxJar is what you need today.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, we’ll dive right into.
What is TaxJar Can You Use TaxJar With Wix
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. TaxJar is a solution to the entire life cycle. In addition, you can apply it across all the sales channels you use to ensure compliance with sales taxes. It makes the process simpler that could require days to complete and is completed in just a few only a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to ensure is your tax-reporting platform is compatible with your sales channel. If you’re using multiple sales channels, you need to ensure that everything is in order. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your most important metrics in one spot. So, there’s no requirement to collect data from different channels and then organize it on a single platform. All you have to do is connect TaxJar, it will do the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of platforms that they can connect with:
TaxJar allows customers to file their sales taxes manually or through TaxJar’s AutoFile feature. In the purpose of this article, we’ll dig into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When the time is right for the filing of income tax returns TaxJar will train you on how to manage these. But, it is up for you and your team members to complete everything within the timeframe. TaxJar is only there to provide guidance on what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. Through this feature, everything will be automated from calculating sales tax to recording and processing them. There could be extra fees if not part of the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting problems. The orders you place through your online channels can be put together into one dashboard using this platform. From there, you and your team will have access to everything you require, including the list of transactions, reports, and the data.
The best part about this feature is that it allows you to update automatically every day. Not only will they let you keep track of how much you’ve collected however, they can also help you determine when your next payments are due.
Their dashboard can also allow users to view in detail the overall sales taxes within your company. You can also export the data as the form of a CSV file in case you require it to aid in process of financial planning and accounting or if your team requires it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the sales avenues you use. This means that you don’t have to hunt for your paperwork when you need them in a pinch. Even if you already have your accountant, this function can help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds better. You’ll know exactly how much budget you have available for other operating expenses.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. You can look through their guides, webinars, as well as their blog to find more details. In addition, their sales tax calculator can be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We understand how important it is to establish your budget. Some platforms provide amazing features, but they can be too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing levels and the features that each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. They claim that it’s the best plan if you need help with filing requirements and reporting. It also includes sales tax reporting, four annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale business proprietor, then this program should be perfect for you. It may not offer all of TaxJar’s features but it comes with the essentials that you need.
In addition, you can reach their support team with their email support chart. You’ll also have access to their integration tools.
If you’re looking to get that is more than the basics Professional may be the best option for you. It’s priced at $99 however, it could go up by adding custom features.
How different is it from the basic plan?
In addition to having access to every one of Starter plan’s features, you also have their phone customer support access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you run a large company, you may need to opt for an upgrade instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of members as well as AutoFiles.
They also have a staff that is devoted in managing your accounts. But, they don’t divulge the amount that the Premium plan is going to cost. Can You Use TaxJar With Wix
But they did state that this plan is customized for every user. So the costs will vary depending on what you need to run your business.
Fortunately, you don’t need to risk your money to find out if the platform is right for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is the right choice for you.
Pros and Cons
Now that we’ve covered all you should be aware of TaxJar Let’s relax. To sum it all up we’ll go over the advantages and disadvantages of making use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features save 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 is able to 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
- Certain countries will not have access to the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes many platforms. If this sounds like the way you do, then you ought to try this.
It’s not just a way to aid in tracking the sales and profits of your business It can help you meet the deadlines you set. It’s also an excellent option for accountants as they have a Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
Utilizing TaxJar can allow you to reduce time and keep track of every deadline or requirement you need to meet. If you’re living in a region with a lot of tax laws, this will surely help you wrap your head around the subject. Can You Use TaxJar With Wix
However, if managing your taxes is simple and straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. If you find the whole process easy to do, you might be better off doing it by yourself.
FAQ Can You Use TaxJar With Wix
What areas does TaxJar provide API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it into US$ before TaxJar will calculate the tax.