Taxes have always been among the hardest things to do, whether you’re running your own 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. When you’re not able to afford enough money to engage an accountant performing the task on yourself can be dangerous. If you overlook one thing, you might have to redo things again!
Most people want to skipping this step. However, since it’s mandatory, we have no choice.
What is the best way to deal with it?
We can simplify our lives by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and explain how it can assist you. Although this is quite a long read it is possible to determine if TaxJar is exactly what you need in the present.
Do you prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, then let’s get right into it.
What exactly is TaxJar? How Do I Contact TaxJar
Founded in 2013, TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all of your channels of sales to ensure that you are in compliance with sales taxes. It streamlines processes that can take days to complete, and can be completed in a matter of minutes.
TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to make their business more simple and organized. Let’s explore the benefits and features of TaxJar.
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Features and services
Integration
One of the most important things you’ll want to check is that your accounting tax platform seamlessly works well with your sales channel. If you have multiple sales channels, it is essential to ensure that everything is in order. The most important thing is not to face a penalty due to missing a single minor point.
TaxJar allows you to display your critical metrics in one place. So, there’s no need to collect information from multiple sources and sort it into one platform. All you need to do is connect TaxJar and the platform will do the rest.
In addition, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar allows customers to submit their sales tax manually or through the AutoFile feature. In our review we’ll dig at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing income tax returns The team will guide you on how to handle these. However, it will be up for you and your staff to complete the process within the timeframe. TaxJar is there to provide guidance on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out any forms manually. This feature will ensure that everything will be automated from calculating sales taxes in order to record and process them. But, it is possible to incur extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to help you with your accounting problems. 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 need, like the list of transactions, reports, and data.
The greatest benefit of this feature is that it lets you to automatically update every day. Not only will they let to know the amount you’ve earned and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard also allows you to fully view the sales tax totals within your company. It is also possible to export the data as the form of a CSV file, if you want to use it to aid in accounting and financial planning processes or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all your sales channels. That means you won’t have to scramble for your documents whenever you’re in a pinch. Even even if you already have an accountant, this function will help them be more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll know exactly how much budget you have for other operational costs.
The best part is that TaxJar offers tutorials and training, not just for their platform but everything that has to do with sales tax. You can check out their webinars, guides, as well as their blog to find more details. In addition the sales tax calculator should be helpful if you’re planning on complete everything yourself.
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How much does TaxJar cost?
We know how crucial 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 those choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan starts at $19. The company claims that it’s the most effective plan for those who need assistance with filing requirements and reporting. It comes with sales tax reporting, 4 annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you will be able to access their AI tax advice.
If you’re a small-scale company manager, the plan should be ideal for you. It may not have all the features of TaxJar but it comes with the essentials that you need.
In addition, you can reach the support team via their email support chart. You’ll also be able to use their integration capabilities.
Professional
If you’re looking to get a bit more than just the basic features Professional could be the one for you. It’s priced at $99 but you can increase it if you add custom features.
So how different is it from the starter plan?
In addition to having access to each of Starter plan’s features, you also have their support via phone, API access, and advanced CSV import. You can also have 12 free AutoFiles each year.
Premium
If you run a large business, you might need to go for the Premium plan instead. It includes all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited integrations with data imports Integrations with APIs, teams of users as well as AutoFiles.
They also have a staff dedicated to managing your account. However, they don’t disclose how much the Premium plan is going to cost. How Do I Contact TaxJar
However, they did mention that the plan is custom-made for every user. So the costs will vary according to what you require for your company.
Free Trial
Luckily, you don’t have to risk your money to determine if this service is 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 an excellent fit for you.
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Pros and Cons
We’ve covered everything you must know about TaxJar let’s take a break. To summarize Here are the pros and cons of making use of TaxJar to run your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features help to reduce 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 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
- Certain countries will not have access to the API feature.
- Only applicable to USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid down, TaxJar can be a great platform companies with many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then ought to try this.
Not only can it help you track the sales and profits of your business however, it will assist you in meeting the deadlines you set. It’s also an excellent platform for an accountant since they offer the Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
Utilizing TaxJar will help you reduce time and keep track of every deadline and requirement you have to fulfill. If you live in a place with complicated tax laws, this can surely help you wrap your head around it. How Do I Contact TaxJar
If handling your taxes is simple, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire procedure easy to complete then you’re better off doing it on your own.
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FAQ How Do I Contact TaxJar
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can link your Shopify account to 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’ll need to convert it into USdollars prior to when TaxJar will calculate the tax.
