Taxes have always been 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 aren’t easy, particularly when you’re full of things to be done. In the event that you do not have the budget to engage an accountant performing the task on your own could be dangerous. If you overlook one thing, you might have to redo things again!
Nearly everyone would prefer to skipping this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do about it?
It is always possible to make life easier with tools such as TaxJar.
We’ll look at this life-saving tool and how it can assist you. Although this is quite a long read, you should be able to assess whether TaxJar is the tool you require right now.
Prefer to watch videos instead? Check out 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 Cubecart TaxJar
In 2013, TaxJar was established. TaxJar is an application that automatizes your reporting, filings and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it in all of your sales channels to ensure compliance with sales tax requirements. It streamlines processes that require days to complete and finish within only a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is extensively used by online business owners to ensure that everything is organized and straightforward. Let’s look into their features and services.
Services and features
One of the most important things you’ll want to check is that your accounting tax software perfectly integrates along with sales funnels. If you’re selling through multiple channels, it is essential to keep everything in place. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one place. That way, there’s no need to collect data in multiple channels and organize it into a single platform. All you need to do is integrate TaxJar, then the system will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms that they can connect with:
TaxJar allows clients to file their sales taxes manually or through their AutoFile feature. For this review, we’ll take a look into both.
If you opt to do it manually, TaxJar will allow you to connect your sales platforms. When it comes time to the filing of income tax returns The team will guide you on how to manage them. But, it is up for you and your staff to complete everything within the timeframe. TaxJar is only there to guide you on what you need to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. Through this feature, everything is automated, from calculating taxes on sales in order to record and process it. However, there might be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting problems. Your orders from your e-commerce channels can be put together into one dashboard using this platform. From there you and your staff can access everything you need, like a list of your transactions, reports and data.
The most appealing aspect of the feature you’ve chosen is they allow you to update automatically every day. Not only will they let you keep track of how much you’ve earned however, they can also help you track when your following payments are due.
Their dashboard can also allow you to see the overall sales taxes for your business. You can also export your data in CSV format. CSV file in case you require it to aid in process of financial planning and accounting or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. This means that you don’t have to scramble for your documents when you’re in a pinch. Even when you already have your accountant, this feature can help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will help you plan your funds better. You’ll know better how much budget you have to cover other operational costs.
What’s more is that TaxJar offers tutorials and training, not just for their platform but for anything connected to sales tax. Check out their guides, webinars, and blog for more details. In addition their 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 set your budget. Some platforms provide amazing features, but they can be too costly for your business. That’s why for 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.
The Starter plan costs $19. They say it’s the most effective plan for those who need assistance in filing and reporting. It also includes taxes on sales and sales as well as 4 free yearly AutoFiles, and an CSV import. With the starter plan, you can access their AI tax tips.
If you’re a small company manager, the plan should be perfect for you. It may not offer all the features of TaxJar however, it does include all the basics you require.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking to get different from the standard features Professional could be the one for you. It’s priced at $99 but it can go higher by adding custom features.
How different is it from the starter plan?
Apart from having access to every one of Starter plan’s features, you also have their support via phone access to APIs, as well as sophisticated CSV import. They also allow you to get 12 AutoFiles for free each year.
If you own a huge enterprise, you may want to opt for an upgrade instead. It includes all of the features needed to make your tax filing easier. In addition, they offer unlimited import integrations of data Integrations with APIs, teams of members, and AutoFiles.
They also have a staff who are devoted in managing your accounts. However, they don’t disclose the price of the Premium plan. will cost you. Cubecart TaxJar
However, they did say that this plan is tailor-fit for every user. Therefore, the cost will differ in line with what you require for your company.
Fortunately, you don’t need to bet your life on it to find out if the platform is right for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you need to know about TaxJar Let’s relax. To sum it all up, here are the pros and cons of making use of TaxJar for your company.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help to reduce 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
- You can track several sales channels
- AutoFile limit is based on 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 review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have many sales channels and utilizes many platforms. If that sounds like what you do, then you must try TaxJar.
It’s not just a way to aid in tracking your products and revenue It can assist you in meeting the deadlines you set. It’s also an excellent opportunity for accountants since they offer the Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
The use of TaxJar can help you get more done while keeping on top of each deadline and obligation you have to meet. If you’re living in an area with complex tax laws, this can surely help you wrap your head around it. Cubecart TaxJar
But if handling your taxes is 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 all of it. If you’re finding the entire procedure easy to complete then you’re better to do it by yourself.
FAQ Cubecart TaxJar
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transactions are in US$. If you’re using a different currency, you’ll have to convert it to US$ prior to when TaxJar can calculate your tax.