Taxes are always one of the most difficult things to handle regardless of whether you run your own business or not. Even more so if you do not have a degree in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. If you don’t have the budget to engage an accountant doing it on your own can be dangerous. If you make a mistake it could mean you need to repeat the process!
Almost everyone wants to skipping this step. But , as it’s a requirement and mandatory, there’s no other choice.
What can we do ?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this life-saving device and how it can assist you. Even though this is a long read it is possible to gauge whether TaxJar is exactly what you need right now.
Are you looking to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then we’ll dive right into.
What exactly is TaxJar? Connect TaxJar To Amazon
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply it in all of the sales channels you use to ensure that you are in compliance with sales taxes. It streamlines processes that can take days to complete, and can be completed in a matter of just 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 used extensively by owners of online businesses to ensure that everything is neat and simple. Let’s take a look at their features and services.
Features and services
One of the most important things you’ll want to check is your tax-reporting system is compatible with your sales channel. If you’re selling through multiple channels, you need to keep everything in place. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar lets you display your critical data in one location. This means that there is no need to collect information from multiple sources and then organize it on one platform. All you have to do is connect TaxJar and the platform will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payments. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to make sales tax filings either manually or via TaxJar’s AutoFile feature. In our review we’ll take a look at both.
If you decide to do it manually, 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. It is up to you and your team members to finish the tax returns within the timeframe. TaxJar is there to provide guidance on what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit any forms manually. With this feature, everything is automated, from calculating taxes on sales in order to record and process them. However, there might be additional costs if the feature is not included in the plan you select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to assist you with your accounting problems. All orders made through your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform you and your team will have access to all the information you need, like a list of your transactions, reports, as well as data.
The most appealing aspect of this option is the fact that it allows you to update your account automatically each day. They not only let you keep track of how much you’ve accumulated however, they can also help you keep track of when the next payment is due.
Their dashboard can also allow you to see the sales tax totals within your company. It is also possible to export the data as a CSV file, if you want to use it to aid in financial planning and accounting processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. That means you won’t have to search for your documents when you’re when you’re in a pinch. Even when you already have your accountant, this feature will aid them in being more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have to cover other operational expenses.
The best part is that TaxJar offers tutorials and training and tutorials, not just for their platform but all things connected to sales tax. You can check out their guides, webinars, or blog posts for additional details. Additionally their sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. That’s why for this section, we’ll look into TaxJar’s pricing tiers and what each of those plans can offer. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan starts at $19. They say it’s the most effective 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 can access their AI tax recommendations.
If you’re a small business proprietor, then this program could be perfect for you. It might not include all the features offered by TaxJar but it comes with all the basics you require.
In addition, you can reach their customer support via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking to get different from the standard features and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
So how different is it from the original plan?
Apart from having access to every one of Starter plan’s features, you also get access to their phone customer support access to APIs, as well as advanced CSV import. You can also receive 12 free AutoFiles every year.
If you have a massive business, you might need to opt for premium plans instead. It has all of the features needed to help with your taxes. In addition, they offer unlimited integrations with data imports Integrations with APIs, teams of users as well as AutoFiles.
There is also a team that is devoted in managing your accounts. They don’t reveal how much the Premium plan costs you. Connect TaxJar To Amazon
But they did state that the plan is custom-made to each user. The cost of the plan will be different according to what you require for your business.
Luckily, you don’t have to bet your life on it to find out if the platform is for you. If you’re still considering other options, they have a 30-day free trial. 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 pros and cons of making use of TaxJar for your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it 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 laid out TaxJar provides a fantastic platform to companies with multiple sales channels and uses plenty of platforms. If that’s what you do, then you must try TaxJar.
Not only can it assist you in keeping track of the sales and profits of your business It can assist you in meeting your deadlines. It’s also an excellent option for accountants as they offer tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar will help you reduce time and keep on top of each deadline or requirement you need to meet. If you’re in an area with complex tax laws, this can certainly help you to get your head around it. Connect TaxJar To Amazon
But if handling taxes is easy, then TaxJar might not be a good expense. If you only have one or two channels of sales, TaxJar won’t be needed to track everything. If you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better off doing it on your own.
FAQ Connect TaxJar To Amazon
What areas does TaxJar offer API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transaction amounts are n US$. If you’re using another currency, you’ll need to convert it into USUSD before TaxJar can calculate the tax.