Taxes are always one of the most difficult things to handle, whether you’re running an enterprise or not. Even more so if you do not have a background in finance or accounting. Tax-related work can be overwhelming, particularly when your whole day is full of things to be done. When you’re not able to afford the budget to engage an accountant making it your own could be dangerous. If you overlook one thing and you don’t know it, you may have to do it all over again!
Nearly everyone would prefer to skip this step. However, since it’s mandatory to be done, we can’t choose not to.
So , what is the best way to deal with it?
It is always possible to simplify our lives with tools such as TaxJar.
This article will take a look at this well-known life-saving device and how it can assist you. While this is an extensive read, you should be able to determine if TaxJar is exactly what you need in the present.
Are you looking to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, let’s dive right in.
What is TaxJar Enroll In TaxJar Auto-File
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it in all of the sales channels you use to ensure compliance with sales taxes. It streamlines processes that take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is simple and organized. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check is your tax-reporting software is compatible along with sales funnels. If you have multiple sales channels, it is essential to ensure that everything is in order. The last thing you want is to be penalized for not paying attention to a minor thing.
TaxJar allows you to display your most important metrics in one place. So, there’s no need to collect information from multiple sources and organize it into one platform. All you have to do is to integrate TaxJar, then the system will handle all 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 allows clients to submit their sales tax by hand or using their AutoFile feature. For this review, we’ll dig into both.
If you opt to go it alone, TaxJar will allow you to connect your sales platforms. When the time is right for filing income tax returns, the team will instruct you on how to manage these. It is up to you and your staff to finish the tax returns on time. TaxJar will only help you understand what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out all forms by hand. This feature will ensure that everything is automated, from calculating sales taxes in order to record and process them. But, it is possible to incur extra fees if not included in the plan you select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease 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 team can access everything you require, including a list of your transactions, reports and information.
The most appealing aspect of this option is the fact that it lets you to update your account automatically each day. Not only can they help you keep track of how much you’ve earned, but they also help you keep track of when the next payment is due.
Their dashboard also allows you to see the total sales tax within your company. It is also possible to export the data to CSV format. CSV file in case you require it in your process of financial planning and accounting or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all the channels you sell through. This means that you don’t have to scramble for your documents whenever you’re when you’re in a pinch. Even even if you already have an accounting firm, the feature will make them more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your money more efficiently. You’ll know exactly how much budget you have available for other operational expenses.
What’s more is that TaxJar offers training and tutorials and tutorials, not just for their platform but for anything 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 can be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing features, but they can be too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of these choices can provide you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. The company claims that it’s the most suitable plan for you if you need help with filing requirements or reporting. It includes sales tax reporting, 4 free yearly AutoFiles, and an CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a small business owner, this plan will be perfect for you. It might not include all of TaxJar’s features however, it does include the essentials that you need.
Additionally, you can contact their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking for something a bit more than just the basic features and options, then the Professional plan may be the best option for you. It’s priced at $99 however, it could go up when you add additional features.
What is the difference from the starter plan?
In addition to having access to each of Starter plan’s features, you also have their support via phone access to APIs, as well as advanced CSV import. They also allow you to have 12 free AutoFiles each year.
If you have a massive enterprise, you may want to go for premium plans instead. It includes all of the features you need to make your tax filing easier. In addition, they offer unlimited import integrations of data API integrationsfor team members as well as AutoFiles.
There is also a team that is devoted in managing your accounts. They don’t reveal the amount that the Premium plan is going to cost. Enroll In TaxJar Auto-File
But they did state that this plan is tailor-fit for every user. The cost of the plan will be different in line with what you require for your company.
Luckily, you don’t have to bet your life on it to determine if this service is right for you. If you’re still considering different options, they offer 30 days of free trial. This should be enough time to determine if the platform is the right choice for you.
Pros and Cons
We’ve covered everything you must know about 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 for your company.
- There is the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online 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
- Some countries won’t have access to the API feature.
- Only applicable for USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then must try TaxJar.
It’s not just a way to assist you in keeping track of your revenue and products, but it can also help you meet your deadlines. This is also an excellent option for accountants as they provide the Tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
The use of TaxJar can allow you to reduce time and keep track of every deadline or requirement you need to meet. If you live in a region with a lot of tax regulations, this will surely help you wrap your head around the subject. Enroll In TaxJar Auto-File
If handling taxes is easy If it isn’t, then TaxJar could be a waste of expense. If you only have one or two channels of sales, TaxJar won’t be needed to track everything. In addition, if you’re finding the entire procedure easy to complete, you might be better off doing it on your own.
FAQ Enroll In TaxJar Auto-File
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions are in USdollars. If you’re using a different currency, you’ll have to convert it into US$ prior to when TaxJar can calculate the tax.