Taxes are always one of the most difficult tasks to complete, whether you’re running a business or not. Particularly if you don’t have any experience in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is filled with tasks to complete. If you don’t have the funds to engage an accountant making it your own could be risky. If you make a mistake it could mean you have to redo things again!
Almost everyone wants to skipping this step. But since it’s required to be done, we can’t choose not to.
So , what can we do about it?
We can always make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can help you. Although this is quite a long read it is possible to assess whether TaxJar is the tool you require in the present.
Prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, let’s get right into it.
What is TaxJar? Does TaxJar Integrate With Sage 50
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 the entire life cycle. Furthermore, you can utilize it across all of the sales channels you use to ensure compliance with sales taxes. It makes the process simpler that could require days to complete and is completed in just a few just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is extensively used by business owners who run online businesses to make their business more simple and organized. Let’s explore the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check you have a tax accounting software perfectly integrates along with sales funnels. If you’re selling through multiple channels, you need to ensure that everything is in order. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar allows you to display your key metrics in one place. That way, there’s no requirement to collect data from different channels and organize it into a single platform. All you need to do is connect TaxJar it will do the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list highlighting the platforms they can integrate with:
TaxJar lets customers file their sales taxes manually or through the AutoFile feature. In the purpose of this article, we’ll dig into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When the time is right for filing income tax returns TaxJar will train you on how to handle these. But, it is up to you and your team members to complete the process on time. TaxJar will only help you understand what you need to accomplish, but not manage it.
If you would 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. With this feature, everything will be automated, from calculating sales taxes in order to record and process it. However, there might be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your staff will have access to all the information you require, including the list of transactions, reports and data.
The most appealing aspect of this option is the fact that they allow you to automatically update every day. They not only let you know how much you’ve earned and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow users to view in detail the overall sales taxes in your business. It is also possible to export your data to CSV format. CSV file, if you want to use it in your process of financial planning and accounting or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep the track of all the sales avenues you use. That means you won’t have to hunt for your paperwork when you need them when you’re in a pinch. Even if you already have your accountant, this function will aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds more effectively. You’ll be aware of the budget you have available for other operational expenses.
What’s more is that TaxJar offers tutorials and training, not just for their platform , but also all things that has to do with sales tax. You can check out their webinars, guides as well as their blog to find more information. Apart from that their sales tax calculator is helpful if you’re planning on 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 capabilities, but they’re often too costly for the business you run. This is why in this section, we’ll look into TaxJar’s pricing levels and the features that each of these options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. They claim that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It also includes the tax on sales, 4 free yearly AutoFiles, and a CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale company owner, this plan will be perfect for you. It may not have all of TaxJar’s features however, it does include the essentials that you need.
In addition, you can reach their customer support via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking for something that is more than the basic features and options, then the Professional plan may be the best option for you. It starts at $99, however, it could go up by adding custom features.
How different is it from the basic plan?
In addition to accessing each of Starter plan’s options, you also have access to the support of their customer service via phone Access to APIs, phone support, and advanced CSV import. You can also have 12 free AutoFiles each year.
If you have a massive enterprise, you may want to choose the Premium plan instead. It includes all of the features you need to aid in your tax preparation. Additionally, they permit unlimited data import integrations API integrations, team users and AutoFiles.
They also have a staff dedicated to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. Does TaxJar Integrate With Sage 50
However, they did say that this plan is tailor-fit to each user. The cost of the plan will be different depending on what you need for your company.
Fortunately, you don’t need to risk your money to find out if the platform is right for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is a good fit for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a break. To summarize we’ll go over the pros and cons of the use of TaxJar to run your business.
- Has the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms.
- Allows you to track multiple 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
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies with many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then should try this.
Not only can it assist you in keeping track of your revenue and products It can help you meet the deadlines you set. It is also a great option for accountants as they have the Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Using TaxJar will help you reduce time and keep track of every deadline or requirement you need to fulfill. If you’re living in a place with complicated tax laws, this will surely help you wrap your head around the subject. Does TaxJar Integrate With Sage 50
But if handling your taxes is simple, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track everything. In addition, if you find the whole process easy to do and you’re comfortable with it, you may be better off doing it by yourself.
FAQ Does TaxJar Integrate With Sage 50
What areas does TaxJar offer API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions’ amounts are in US$. If you’re using another currency, you will need to convert it to USUSD before TaxJar determines the tax.