Taxes have always been among the most difficult things to handle regardless of whether you’re running a business or not. More so if you don’t have any experience in finance or accounting. Tax-related work can be overwhelming, especially when you’re filled with tasks to complete. If you don’t have enough money to engage an accountant performing the task on your own could be risky. If you miss one detail, you might need to repeat the process!
Nearly everyone would prefer to avoid this step. But since it’s required to be done, we can’t choose not to.
What can we do ?
We can make life easier with tools such as TaxJar.
Here we’ll take a look at this life-saving tool and how it can help you. Although this is quite lengthy, you should be able to gauge whether TaxJar is exactly what you need today.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar Contact TaxJar Support On The Phone
The company was founded in 2013 TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it across all of your sales channels to ensure compliance with your sales taxes. It streamlines processes that require days to complete and is completed in just a few minutes.
TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is extensively used by owners of online businesses to keep everything simple and organized. Let’s take a look at their features and services.
Services and features
One of the most important things you’ll want to check is your tax-reporting platform perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must ensure that everything is in order. The most important thing is not to get a penalty for missing a single minor point.
TaxJar lets you display your most important metrics in one spot. That way, there’s no need to collect data in multiple channels and sort it into one platform. All you need to do is connect TaxJar, then the system will do the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar lets customers make sales tax filings either manually or via the AutoFile feature. For the purpose of this article, we’ll take a look at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. When it comes time to filing income tax returns TaxJar will train you on how to handle these. However, it will be up for you and your team members to complete everything within the timeframe. TaxJar is only there to help you understand what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. With this feature, everything is automated, from calculating sales taxes through recording, and then processing it. But, it is possible to incur additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to assist you with your accounting woes. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there you and your team will have access to all the information you need, such as an inventory of your transactions, reports, and information.
The best part about the feature you’ve chosen is they allow you to update automatically every day. They not only let to know the amount you’ve collected, but they also help you keep track of when the next payment is due.
Their dashboard also allows you to see the sales tax totals within your company. You can also export the information to CSV format. CSV file, if you want to use it for your financial planning and accounting processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of your sales channels. It means you don’t need to scramble for your documents whenever you’re when you’re in a pinch. Even even if you already have an accountant, this feature can make them more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will help you plan your funds better. You’ll be aware of the budget you have available for other operating costs.
The best part is that TaxJar offers training and tutorials not only for their platform but all things connected to sales tax. You can check out their guides, webinars, as well as their blog to find more details. In addition the sales tax calculator should be useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb features, but they can be too costly for the business you run. For this reason we’ll examine TaxJar’s pricing structures and the features that each of these plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. They claim that it’s the most effective plan for those who need assistance with filing requirements or reporting. It includes taxes on sales and sales as well as 4 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 business owner, this plan could be ideal for you. It may not have all the features offered by TaxJar, but it has the basic features you require.
You can also contact their support team with their support chart for email. You’ll also be able to use their integration tools.
If you’re looking to get a bit more than just the basics Professional may be the best option for you. It’s priced at $99 but you can increase it by adding custom features.
What is the difference from the basic plan?
Apart from having access to each of Starter plan’s options, you also have access to their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
If you have a massive business, you might need to go for an upgrade instead. It includes all of the features that you require to make your tax filing easier. Moreover, they allow unlimited data import integrations, API integrations, team members and AutoFiles.
They also have a team dedicated for managing the account. However, they don’t disclose the amount that the Premium plan will cost you. Contact TaxJar Support On The Phone
But they did state that this plan is customized for each user. So the costs will vary depending on what you need for your company.
Fortunately, you don’t need to gamble your money just to see if this platform is for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. This should give you enough time to gauge if the platform is an excellent fit for you.
Pros and Cons
We’ve covered everything you should know about TaxJar Let’s relax. To sum it all up we’ll go over the advantages and disadvantages of the use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- You can track several sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable for USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid out, TaxJar can be a great platform companies that have multiple sales channels and uses plenty of platforms. If this sounds like the way you’re doing, then must try TaxJar.
Not only will it assist you in keeping track of your products and revenue It can assist you in meeting your deadlines. It is also a great option for accountants as they have a Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Using TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to meet. If you live in an area with complex tax laws, this will definitely help you get your head around it. Contact TaxJar Support On The Phone
But if handling your taxes is straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. In addition, if you find the entire process easy to do and you’re comfortable with it, you may be better off doing it on your own.
FAQ Contact TaxJar Support On The Phone
What are the areas in which TaxJar provide API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transactions are in US$. If you’re using a different currency, you’ll need to convert it into US$ prior to when TaxJar determines your tax.