Taxes have always been one of the most difficult things to handle regardless of whether you run your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is full of things to be done. When you’re not able to afford enough money to employ an accountant, doing it on yourself can be risky. If you make a mistake it could mean you have to redo things again!
Nearly everyone would prefer to avoid this step. But since it’s required and mandatory, there’s no other choice.
What can we do about it?
It is always possible to make our lives easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. Although this is quite an extensive read, you should be able to determine if TaxJar is what you need right now.
Prefer video streaming instead? Take a look at 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 Glassdoor TaxJar Reviews
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all of your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that can take days to complete, and finish within just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by business owners who run online businesses to ensure that everything is neat and simple. Let’s take a look at the benefits and features of TaxJar.
Services and features
One of the most important things you’ll want to check is your tax-reporting platform perfectly integrates along with sales funnels. If you have multiple sales channels, you need to maintain everything in line. The final thing you would like is to get a penalty for missing a single minor point.
TaxJar allows you to show your key metrics in one place. That way, there’s no need to gather data in multiple channels and then organize it on one platform. All you have to do is to integrate TaxJar, and the platform will do all the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms they can integrate with:
TaxJar lets customers submit their sales tax either manually or via TaxJar’s AutoFile feature. For this review, we’ll dig into both.
If you choose to do it manually, TaxJar will allow you to connect those sales tools. When the time is right for filing income tax returns, the team will instruct you on how to manage the tax returns. It is up for you and your team to complete everything on time. TaxJar is there to help you understand 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 fill out all forms by hand. This feature will ensure that everything will be automated from calculating sales tax to recording and processing them. There could be extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be compiled into a single dashboard through this platform. From there you and your staff can access everything you need, such as a list of your transactions, reports and the data.
The greatest benefit of this feature is that they allow you to automatically update every day. They not only let you know how much you’ve collected and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard can also allow users to view in detail the sales tax totals in your business. You can also export your data to a CSV file if you need it for your financial planning and accounting processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all the channels you sell through. That means you won’t have to scramble for your documents when you’re in the event of a need. Even even if you already have an accountant, this function can make them more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your money more efficiently. You’ll know better how much budget you have available for other operating costs.
What’s more is that TaxJar offers tutorials and training, not just for their platform , but also all things related to sales tax. You can look through their guides, webinars, and blog for more details. Additionally their sales tax calculator can be beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. This is why in this section we’ll examine TaxJar’s pricing levels and what each of these choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan costs $19. The company claims that it’s the best plan if you need help with filing requirements and reporting. It comes with sales tax reporting, 4 free yearly AutoFiles, and an CSV import. Even with the basic plan, you have access to their AI tax recommendations.
If you’re a smaller business owner, this plan should be perfect for you. It may not have all of TaxJar’s features but it comes with all the basics you require.
You can also 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 standard features, then the Professional plan might be the right one for you. It starts at $99, but you can increase it by adding custom features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s features, you also get access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you own a huge company, you may need to choose the Premium plan instead. It includes all of the features needed to make your tax filing easier. Moreover, they allow unlimited integrations with data imports, API integrations, team users as well as AutoFiles.
There is also a team who are devoted to managing your account. However, they don’t disclose the price of the Premium plan. will cost you. Glassdoor TaxJar Reviews
But they did state that this plan is tailor-fit for every user. Therefore, the cost will differ according to what you require for your business.
Luckily, you don’t have to risk your money to determine if this service is for you. If you’re still considering various options, they provide 30 days of free trial. It should give you enough time to see if the platform is the right choice for you.
Pros and Cons
Now that we’ve covered all you must know about TaxJar Let’s relax. To sum it all up Here are the pros and cons of the use of TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable for USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies that have multiple sales channels and uses many platforms. If that’s what you’re doing, 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 provide a Tax Advisor program. You can get tips and learn from their sessions about taxes through it.
The use of TaxJar can help you get more done while keeping the track of each deadline and obligation you have to meet. If you live in an area with complex tax regulations, this will surely help you wrap your head around the subject. Glassdoor TaxJar Reviews
If handling your taxes is simple, then TaxJar may be an unnecessary investment. 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 on your own.
FAQ Glassdoor TaxJar Reviews
Which areas does TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions’ amounts are in USdollars. If you’re using a different currency, you’ll need to convert it into USdollars prior to when TaxJar will calculate your tax.