Taxes have always been one of the most difficult tasks to complete, whether you’re running an enterprise or not. Even more so if you do not have a degree in finance or accounting. Tax-related work aren’t easy, particularly when you’re packed with things to do. In the event that you do not have the budget to employ an accountant, making it your own could be dangerous. If you miss one detail, you might have to redo things again!
Almost everyone wants to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.
So what can we do about it?
We can always simplify our lives with tools such as TaxJar.
We’ll look at this life-saving device and how it can help you. Although this is quite lengthy it is possible to gauge whether TaxJar is the tool you require today.
Do you prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What exactly is TaxJar? Do You Neef To Be Certified To Work At TaxJar
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, 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 makes the process simpler that could can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by online business owners to keep everything simple and organized. Let’s look into the features and services offered by TaxJar.
Services and features
One of the most important things you’ll want to check you have a tax accounting system perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, you need to keep everything in place. The last thing you want is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your critical metrics in one place. This means that there is no need to gather data in multiple channels and sort it into a single platform. All you have to do is integrate TaxJar it will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list highlighting the platforms that they can connect with:
TaxJar lets customers make sales tax filings manually or through TaxJar’s AutoFile feature. In the purpose of this article, we’ll look into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all the sales channels you use. When it comes time to filing income tax returns, the team will instruct you on managing the tax returns. It is up to you and your team members to complete the process in time. TaxJar will only provide guidance on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. Through this feature, everything is automated, from calculating sales taxes to recording and processing it. But, it is possible to incur extra fees if not part of the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting issues. The orders you place through your online channels can be put together into one dashboard using this platform. From there you and your staff can access everything you need, such as a list of your transactions, reports, and the data.
The most appealing aspect of this option is the fact that it lets you to update automatically every day. Not only will they let you know how much you’ve accumulated, 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. Additionally, you can export your data to a CSV file if you need it for your process of financial planning and accounting or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping 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 can help them be more efficient.
Additionally, knowing the figures for your sales tax in advance will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have available for other operating expenses.
But what’s even better is that TaxJar offers training and tutorials, not just on their platform, but everything that has to do with sales tax. You can check out their webinars, guides or blog posts for additional info. Additionally the sales tax calculator is useful if you’re planning to 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 structures and what each of those choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan costs $19. They claim that it’s the most effective plan if you need help with filing requirements or reporting. It comes with sales tax reporting, 4 free yearly AutoFiles, and a CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a small company proprietor, then this program will be ideal for you. It may not have all the features of TaxJar, but it has the essentials that you need.
In addition, you can reach the support team via their support chart for email. Additionally, you’ll have access to their integration features.
If you’re looking for different from the basics, then the Professional plan might be the right one for you. It starts at $99, however, it could go up if you add custom features.
So how different is it from the starter plan?
In addition to accessing all of the Starter plan’s features, you also have their phone customer support, API access, and sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you own a huge enterprise, you may want to choose premium plans instead. It has all of the features needed to make your tax filing easier. In addition, they offer unlimited data import integrations as well as Integrations with APIs, teams of members and AutoFiles.
They also have a staff who are devoted to managing your account. But, they don’t divulge the price of the Premium plan. costs you. Do You Neef To Be Certified To Work At TaxJar
However, they did say that this plan is customized for every user. The cost of the plan will be different 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 find out if the platform is for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. This should be enough time to gauge whether the software is an excellent fit for you.
Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar let’s take a break. To summarize Here are the advantages and disadvantages of using TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable to USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to companies with many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only can it assist you in keeping track of the sales and profits of your business, but it can also help you meet the deadlines you set. This is also an excellent platform for an accountant since they offer tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Using TaxJar can help you reduce time and keep track of every deadline or requirement you need to meet. If you’re in a region with a lot of tax laws, this will definitely help you get your head around it. Do You Neef To Be Certified To Work At TaxJar
But if handling your taxes is straightforward, then TaxJar could be a waste of investment. If you have only one or two sales channels, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better off doing it by yourself.
FAQ Do You Neef To Be Certified To Work At TaxJar
What are the areas in which TaxJar provide API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it to USdollars prior to when TaxJar can calculate your tax.