Taxes have always been among the most difficult things to handle, whether you’re running your own business or not. More so if you don’t have a background in finance or accounting. Tax-related issues can be overwhelming, particularly when your whole day is packed with things to do. If you don’t have the budget to hire an accountant, doing it on yourself can be dangerous. If you overlook one thing, you might have to redo things again!
Almost everyone wants to avoid this step. However, since it’s mandatory, we have no choice.
So what can we do ?
We can simplify our lives with tools such as TaxJar.
We’ll look at this popular life-saving device and how it can help you. While this is lengthy but you’ll be able to assess whether TaxJar is exactly what you need in the present.
Prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
For those who like to read, then we’ll dive right into.
What is TaxJar? Does TaxJar Integrate With Wix
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it across all the sales channels you use to make sure you’re in compliance with your sales taxes. It streamlines processes that take days to complete and can be completed in a matter of minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to make their business more neat and simple. Let’s look into their features and services.
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Features and services
Integration
One of the most important things you’ll need to ensure is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must keep everything in place. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your critical metrics in one spot. So, there’s no requirement to collect information from multiple sources and then organize it on one platform. All you need to do is to integrate TaxJar then the system will take care of all the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar allows customers to make sales tax filings manually or through TaxJar’s AutoFile feature. For this review, we’ll look into both.
If you opt to go it alone, TaxJar will allow you to connect all of your sales platforms. When it comes time to filing tax returns for income, the team will instruct you on managing these. But, it is up to you and your team to finish the tax returns on time. TaxJar is only there to provide guidance on what you have to do , but not to handle it.
If you’d 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 is automated, from calculating sales tax in order to record and process them. However, there might be additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be combined 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 data.
The greatest benefit of this feature is that it allows you to update automatically every day. They not only let you know how much you’ve collected however, they can also help you determine when your next payments are due.
Their dashboard also allows users to view in detail the overall sales taxes for your business. You can also export the data as a CSV file, if you want to use it for your accounting and financial planning processes or if you require 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 scramble for your documents whenever you’re in the event of a need. Even when you already have your accountant, this function can 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 know exactly how much budget you have available for other operational costs.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform , but also all things connected to sales tax. You can check out their webinars, guides or blog posts for additional info. Apart from that, their sales tax calculator should be beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We know how crucial it is to set 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 these choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. The company claims that it’s the most effective plan to help you with filing requirements and reporting. It comes with the tax on sales, four annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a smaller business owner, this plan will be perfect for you. It might not include all the features of TaxJar, but it has all the basics you require.
Additionally, you can contact the support team via their email support chart. You’ll also have access to their integration capabilities.
Professional
If you’re looking to get that is more than the basic features, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
So how different is it from the starter plan?
Apart from having access to every one of Starter plan’s options, you also have access to their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
Premium
If you own a huge business, you might need to opt for the Premium plan instead. It comes with all the features that you require to aid in your tax preparation. Moreover, they allow unlimited data import integrations as well as API integrationsfor team members as well as AutoFiles.
There is also a team who are devoted in managing your accounts. But, they don’t divulge the price of the Premium plan. costs you. Does TaxJar Integrate With Wix
But they did state that the plan is custom-made for every user. The cost of the plan will be different depending on what you need for your business.
Free Trial
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 looking into other options, they have 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.
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Pros and Cons
We’ve covered everything you must be aware of TaxJar Let’s relax. In order to sum up the whole thing, here are the pros and cons of making use of TaxJar for your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid down, TaxJar can be a great platform companies with multiple sales channels and uses plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
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 the Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Utilizing TaxJar will help you save more time while keeping on top of each deadline and requirement you have to meet. If you’re in an area with complex tax regulations, this will surely help you wrap your head around the subject. Does TaxJar Integrate With Wix
However, if managing taxes is easy and straightforward, then TaxJar might not be a good expense. If you have only one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you find the entire process easy to do, you might be better in doing it all on your own.
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FAQ Does TaxJar Integrate With Wix
Which areas does TaxJar offer API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions’ amounts are in US$. If you’re using another currency, you will need to convert it into USUSD before TaxJar determines your tax.
