Taxes have always been one of the most difficult things to handle regardless of whether you run your own business or not. Particularly if you don’t have a background in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is filled with tasks to complete. When you’re not able to afford the funds to engage an accountant making it your own can be dangerous. If you make a mistake and you don’t know it, you may have to do it all over again!
Most people want to skip this step. But , as it’s a requirement, we have no choice.
So what can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
This article will take a look at this life-saving device and how it can assist you. Although this is quite a long read but you’ll be able to assess whether TaxJar is the tool you require today.
Do you prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar Does TaxJar Work With Recharge App
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. In addition, you can apply it across all of your sales channels to make sure you’re in compliance with sales taxes. It streamlines processes that require days to complete and finish within only a few minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is extensively used by online business owners to keep everything organized and straightforward. Let’s look into the benefits and features of TaxJar.
Features and services
One of the most important things you’ll need to ensure is that your accounting tax system is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, you must ensure that everything is in order. 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 need to gather data from different channels and organize it into a single platform. All you need to do is connect TaxJar, then the system will handle the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms they can integrate with:
TaxJar lets customers file their sales taxes manually or through their AutoFile feature. In this review, we’ll look at both.
If you choose to do it manually, TaxJar will allow you to connect all of those sales tools. When the time is right for filing income tax returns TaxJar will train you on how to handle them. However, it will be up for you and your team to complete everything in time. TaxJar is there to help you understand what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit the forms in a manual manner. This feature will ensure that everything will be automated, from calculating sales taxes to recording and processing them. 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 ease your accounting issues. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. From there you and your team will have access to all the information you require, including a list of your transactions, reports, and the data.
The greatest benefit of the feature you’ve chosen is it allows you to automatically update every day. Not only can they help to know the amount you’ve accumulated and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard can also allow you to fully view the overall sales taxes within your company. Additionally, you can export the information to the form of a CSV file if you need it to aid in accounting and financial planning processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep the track of all your sales channels. It means you don’t need to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accountant, this feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have for other operating expenses.
The best part is that TaxJar offers tutorials and training not only for their platform , but also everything that has to do with sales tax. Check out their webinars, guides or blog posts for additional details. Additionally their sales tax calculator can be beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb features, but they can be too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of those options can offer you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. The company claims that it’s the most suitable plan for you for those who need assistance in filing and reporting. It also includes taxes on sales and sales as well as 4 free yearly AutoFiles, and the option of a CSV import. With the starter plan, you can access their AI tax advice.
If you’re a small company manager, the plan will be perfect for you. It may not have all the features offered by TaxJar, but it has all the basics you require.
In addition, you can reach their support team with their support chart for email. You’ll also have access to their integration features.
If you’re looking to get that is more than the basics Professional may be the best option for you. The price starts at $99 but you can increase it if you add custom features.
What is the difference from the original plan?
Apart from having access to each of Starter plan’s features, you also have the support of their customer service via phone, API access, and sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you have a massive enterprise, you may want to choose premium plans instead. It comes with all the features you need to aid in your tax preparation. In addition, they offer unlimited import integrations of data API integrations, team members as well as AutoFiles.
There is also a team who are devoted to managing your account. They don’t reveal the price of the Premium plan. will cost you. Does TaxJar Work With Recharge App
However, they did say that this plan is tailor-fit to each user. The cost of the plan will be different in line with what you require for your business.
Luckily, you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still considering other options, they have 30 days of free trial. This should be enough time to determine whether the service is a good fit for you.
Pros and Cons
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over the pros and cons of making use of TaxJar to run your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers.
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes numerous platforms. If that sounds like what you do, then you ought to try this.
It’s not just a way to help you track your products and revenue It can also help you meet your deadlines. It is also a great platform for an accountant since they have tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Using TaxJar will help you save more time while keeping track of every deadline and obligation you have to fulfill. If you’re living in an area with complex tax laws, this will surely help you wrap your head around it. Does TaxJar Work With Recharge App
If handling your taxes is straightforward 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 track all of it. If you find the entire procedure easy to complete then you’re better off doing it by yourself.
FAQ Does TaxJar Work With Recharge App
Which areas does TaxJar offer API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to USdollars prior to when TaxJar determines your tax.