Taxes have always been one of the most difficult tasks to complete, whether you’re running a business or not. Even more so if you do not have any experience in finance or accounting. Tax-related tasks can be overwhelming, particularly when you’re filled with tasks to complete. In the event that you do not have the funds to engage an accountant doing it on your own can be risky. If you overlook one thing it could mean you have to redo things again!
Almost everyone wants to skip this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do ?
We can make life easier with tools such as TaxJar.
This article will take a look at this life-saving device and how it can help you. Even though this is a long read, you should be able to assess whether TaxJar is exactly what you need right now.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What is TaxJar Developer TaxJar Refund
Founded in 2013, TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It’s a solution for 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 can take days to complete, and is completed in just a few just a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by owners of online businesses to keep everything simple and organized. Let’s take a look at their features and services.
Features and services
One of the most important things you’ll need to ensure you have a tax accounting software seamlessly works well along with sales funnels. If you’re selling through multiple channels, you need to maintain everything in line. The last thing you want is to be penalized for not paying attention to a minor thing.
TaxJar allows you to show your critical metrics in one place. That way, there’s no need to collect data from different channels and then organize it on a single platform. All you have to do is integrate TaxJar, then the system will do the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows clients to file their sales taxes manually or through TaxJar’s AutoFile feature. For this review, we’ll dig at both.
If you opt to go it alone, TaxJar will allow you to connect your sales platforms. When the time is right for filing income tax returns, the team will instruct you on how to handle them. However, it will be up to you and your team to finish the tax returns on time. TaxJar will only provide guidance on what you should accomplish, but not manage 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 additional costs if the feature is not part of the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting woes. Your orders from your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform, you and your team can access everything you need, such as an inventory of your transactions, reports and the data.
The most appealing aspect of the feature you’ve chosen is it allows you to automatically update every day. They not only let you keep track of how much you’ve earned and how much you’ve earned, but they also let you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the total sales tax in your business. It is also possible to export the information in the form of a CSV file, if you want to use it for your process of financial planning and accounting or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all the sales avenues you use. That means you won’t have to search for your documents whenever you’re when you’re in a pinch. Even when you already have your accounting firm, the feature can help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will help you plan your money more efficiently. You’ll be aware of the budget you have available for other operational expenses.
What’s more is that TaxJar offers training and tutorials not only for their platform , but also all things connected to sales tax. You can look through their guides, webinars, or blog posts for additional information. In addition their sales tax calculator can be helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms provide amazing features, but they’re sometimes too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing structures and what each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan is priced at $19. They say it’s the most effective plan to help you in filing and reporting. It includes sales tax reporting, 4 free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you will be able to access their AI tax recommendations.
If you’re a smaller company owner, this plan could be perfect for you. It may not offer all of TaxJar’s features, but it has all the basics you require.
In addition, you can reach their customer support via their support chart for email. You’ll also be able to use their integration tools.
If you’re looking for a bit more than just the basic features, then the Professional plan could be the one for you. It’s priced at $99 but it can go higher when you add additional features.
So how different is it from the starter plan?
Apart from having access to all of the Starter plan’s options, you also have access to their phone customer support access to APIs, as well as advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
If you own a huge company, you may need to go for premium plans instead. It comes with all the features needed to make your tax filing easier. Moreover, they allow unlimited data import integrations, API integrations, team members and AutoFiles.
They also have a staff dedicated for managing the account. However, they don’t disclose the amount that the Premium plan is going to cost. Developer TaxJar Refund
However, they did say that the plan is custom-made for every user. Therefore, the cost will differ depending on what you need for your business.
It’s a good thing that you don’t have to risk your money to find out if the platform is right for you. If you’re still looking into different options, they offer 30 days of free trial. It should give you enough time to see if the platform is an excellent fit for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of making use of TaxJar for your business.
- There is a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t 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 down, TaxJar can be a great platform businesses with numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then you should try this.
It’s not just a way to aid in tracking your revenue and products It can assist you in meeting your deadlines. It’s also an excellent option for accountants as they have tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Using TaxJar will help you get more done while keeping on top of each deadline and obligation you have to meet. If you’re living in a place with complicated tax laws, this will certainly help you to get your head around the subject. Developer TaxJar Refund
But if handling taxes is easy If it isn’t, then TaxJar could be a waste of investment. If you only have one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you find the entire process easy to do, you might be better in doing it all by yourself.
FAQ Developer TaxJar Refund
Which areas does TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All of the transaction amounts are n US$. If you’re using a different currency, you will need to convert it to USdollars before TaxJar can calculate your tax.