Taxes have always been one of the most difficult things to handle regardless of whether you’re running a business or not. Even more so if you do not have any experience in finance or accounting. Tax-related work can be overwhelming, especially when your whole day is full of things to be done. If you don’t have the funds to engage an accountant doing it on your own could be dangerous. If you make a mistake it could mean you have to redo things again!
Nearly everyone would prefer to avoid this step. But since it’s required, we have no choice.
So , what is the best way to deal with it?
We can make life easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can assist you. Although this is quite an extensive read but you’ll be able to determine if TaxJar is exactly what you need right now.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
But for those who prefer to read, let’s dive right in.
What is TaxJar Developer TaxJar Rejected
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. It’s a solution for 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 can take days to complete, and is completed in just a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by business owners who run online businesses to keep everything organized and straightforward. Let’s explore the benefits and features of TaxJar.
Features and services
One of the first things you’ll need to make sure is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, you must maintain everything in line. The last thing you want is to get a penalty for missing a single minor point.
TaxJar allows you to display your most important metrics in one spot. So, there’s no need to gather data in multiple channels and then organize it on a single platform. All you have to do is to integrate TaxJar then the system will handle the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms they can integrate with:
TaxJar allows customers to file their sales taxes by hand or using their AutoFile feature. In this review, we’ll dig at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect your sales platforms. When the time is right for filing income tax returns The team will guide you on how to handle them. However, it will be up for you and your staff to complete the process on time. TaxJar is there to provide guidance on what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. With this feature, everything will be automated, from calculating sales tax to recording and processing them. But, it is possible to incur additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be put together into a single dashboard through this platform. Once you’re on the platform you and your staff can access everything you need, such as a list of your transactions, reports, and data.
The best part about this option is the fact that it lets you to update your account automatically each day. Not only will they let you know how much you’ve earned, but they also help you determine when your next payments are due.
The dashboard allows you to see the total sales tax for your business. You can also export the information to CSV format. CSV file if you need it for your financial planning and accounting processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all the channels you sell through. This means that you don’t have to hunt for your paperwork whenever you’re in a pinch. Even if you already have your accounting firm, the feature can make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your funds better. You’ll be aware of the budget you have to cover other operational costs.
But what’s even better is that TaxJar offers tutorials and training not only for their platform , but also all things connected to sales tax. You can check out their guides, webinars, as well as their blog to find more info. Additionally the sales tax calculator is useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. This is why in this section we’ll examine TaxJar’s pricing tiers and what each of those choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. They claim that it’s the most suitable plan for you if you need help with filing requirements or reporting. It comes with sales tax reporting, 4 autofiles for free each year, and a CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a small-scale company proprietor, then this program could be ideal for you. It may not offer all the features of TaxJar however, it does include the essentials that you need.
You can also contact their customer support via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking for that is more than the basics, then the Professional plan may be the best option for you. The price starts at $99 but you can increase it when you add additional features.
What is the difference from the basic plan?
In addition to accessing every one of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and sophisticated CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you run a large business, you might need to go for premium plans instead. It includes all of the features you need to aid in your tax preparation. Additionally, they permit unlimited import integrations of data, Integrations with APIs, teams of members as well as AutoFiles.
They also have a staff dedicated for managing the account. They don’t reveal the price of the Premium plan. costs you. Developer TaxJar Rejected
However, they did say that this plan is tailor-fit for each user. So the costs will vary in line with what you require for your company.
It’s a good thing that you don’t have to gamble your money just to determine if this service is the right one for you. If you’re still considering various options, they provide 30 days of free trial. It should give you enough time to see whether the software is a good fit for you.
Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar let’s take a break. To sum it all up Here are the pros and cons of the use of TaxJar for your company.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms
- Allows you to track 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 applicable for USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid out TaxJar can be a great platform businesses with multiple sales channels and uses many platforms. If that’s what you’re doing, then ought to try this.
It’s not just a way to help you track your products and revenue, but it can also help you meet the deadlines you set. This is also an excellent option for accountants as they have a Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Using TaxJar can allow you to get more done while keeping on top of each deadline or requirement you need to fulfill. If you live in a region with a lot of tax regulations, this will definitely help you get your head around it. Developer TaxJar Rejected
However, if managing your taxes is simple, then TaxJar may be an unnecessary expense. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you find the entire procedure simple to follow, you might be better to do it by yourself.
FAQ Developer TaxJar Rejected
What areas does TaxJar offer API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions are in US$. If you’re using a different currency, you will need to convert it into USdollars before TaxJar will calculate your tax.