Taxes have always been among the most difficult things to handle, whether you’re running a business or not. More so if you don’t have a degree in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is full of things to be done. If you don’t have the budget to engage an accountant performing the task on your own could be risky. If you make a mistake, you might have to redo things again!
Nearly everyone would prefer to skipping this step. But since it’s required and mandatory, there’s no other choice.
What can we do about it?
We can simplify our lives with tools such as TaxJar.
Here we’ll take a look at this well-known life-saving tool and how it can help you. Even though this is a long read, you should be able to gauge whether TaxJar is exactly what you need right now.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar? Exporting Cs-Cart Order For TaxJar
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It is a solution for the entire life cycle. In addition, you can apply it across all your channels of sales to ensure compliance with sales tax requirements. It streamlines processes that can take days to complete, and finish within just a few minutes.
TaxJar has been used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by online business owners to ensure that everything is neat and simple. Let’s look into the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to ensure is your tax-reporting software seamlessly works well in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to maintain everything in line. The last thing you want is to be penalized for overlooking just one minor detail.
TaxJar lets you display your most important metrics in one spot. This means that there is no requirement to collect data in multiple channels and sort it into one platform. All you have to do is connect TaxJar, then the system will do the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms that they can connect with:
TaxJar allows customers to submit their sales tax manually or through the AutoFile feature. In this review, we’ll dig at both.
If you decide to go it alone, TaxJar will allow you to connect all of your sales platforms. When the time is right for the filing of income tax returns TaxJar will train you on managing these. It is up to you and your staff to finish the tax returns within the timeframe. TaxJar is there to provide guidance on what you have to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out any forms manually. Through this feature, everything will be automated, from calculating taxes on sales through recording, and then processing it. But, it is possible to incur additional charges if they are not part of the plan you select.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting woes. The orders you place through your online channels can be put together into a single dashboard via this platform. Once you’re on the platform, you and your team will have access to everything you need, such as a list of your transactions, reports and the data.
The best part about this feature is that they allow you to update automatically every day. Not only can they help to know the amount you’ve earned and how much you’ve earned, but they also let you determine when your next payments are due.
Their dashboard also allows you to fully view the total sales tax within your company. It is also possible to export the data in the form of a CSV file if you need it to aid in financial planning and accounting processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all the channels you sell through. This means that you don’t have to search for your documents when you need them when you’re in a pinch. Even even if you already have an accountant, this function will make them more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have to cover other operating costs.
But what’s even better is that TaxJar provides training and tutorials not only on their platform, but everything related to sales tax. Check out their webinars, guides and blog for more information. Apart from that, their sales tax calculator should be 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. Some platforms offer superb features, but they can be too expensive for businesses. That’s why for this section, we’ll look into TaxJar’s pricing tiers and what each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. They claim that it’s the best plan for those who need assistance with filing requirements and reporting. It includes sales tax reporting, four free yearly AutoFiles, and a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale company owner, this plan will be ideal for you. It might not include all the features offered by TaxJar, but it has the basic features you require.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration features.
If you’re looking to get that is more than the basic features, then the Professional plan could be the one for you. It’s priced at $99 but it can go higher if you add custom features.
How different is it from the starter plan?
In addition to having access to each of Starter plan’s options, you also have access to the support of their customer service via phone, API access, and advanced CSV import. They also allow you to have 12 free AutoFiles each year.
If you have a massive business, you might need to go for premium plans instead. It includes all of the features you need to make your tax filing easier. Additionally, they permit unlimited integrations with data imports, API integrationsfor team members, and AutoFiles.
They also have a team dedicated in managing your accounts. But, they don’t divulge the price of the Premium plan. will cost you. Exporting Cs-Cart Order For TaxJar
But they did state that this plan is tailor-fit for every user. Therefore, the cost will differ according to what you require to run your business.
It’s a good thing that you don’t have to gamble your money just to determine if this service is for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. This should give you enough time to see whether the software is an excellent fit for you.
Pros and Pros and
We’ve covered everything you should be aware of TaxJar let’s take a breather. To sum it all up Here are the pros and cons of the use of TaxJar for your company.
- There is the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers 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 possible to integrate it with other platforms
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable to USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out TaxJar can be a great platform companies with many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only can it help you track the sales and profits of your business It can help you meet your deadlines. This is also an excellent option for accountants as they provide the Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Using TaxJar can allow you to save more time while keeping the track of each deadline or requirement you need to meet. If you’re living in a place with complicated tax regulations, this will definitely help you get your head around it. Exporting Cs-Cart Order For TaxJar
If handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire procedure simple to follow, you might be better off doing it on your own.
FAQ Exporting Cs-Cart Order For TaxJar
Which areas does TaxJar offer API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions’ amounts are in US$. If you’re using another currency, you will need to convert it into USUSD prior to when TaxJar can calculate your tax.