Taxes have always been one of the most difficult things to handle regardless of whether you run an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related work can be overwhelming, especially when you’re filled with tasks to complete. In the event that you do not have the budget to hire an accountant, performing the task on your own could be dangerous. If you miss one detail, you might need to repeat the process!
Almost everyone wants to skipping this step. But since it’s required, we have no choice.
What can we do ?
It is always possible to simplify our lives by using tools like TaxJar.
This article will take a look at this popular life-saving tool and how it can benefit you. Even though this is an extensive read, you should be able to assess whether TaxJar is the tool you require today.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
But for those who prefer to read, then we’ll dive right into.
What is TaxJar? How Does The TaxJar Recruitment Process Work
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It’s a solution for the entire life cycle. Furthermore, you can utilize it across all the sales channels you use to ensure that you are in compliance with sales taxes. It streamlines processes that take days to complete and can be completed in a matter of only a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by online business owners to keep everything organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
Services and features
One of the most important things you’ll want to check you have a tax accounting system perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, it is essential to keep everything in place. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one place. So, there’s no need to gather data from different channels and sort it into a single platform. All you need to do is connect TaxJar and the platform will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms that they can connect with:
TaxJar lets customers make sales tax filings by hand or using TaxJar’s AutoFile feature. For this review, we’ll look at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. When the time is right for filing income tax returns The team will guide you on how to handle the tax returns. It is up to you and your staff to complete the process within the timeframe. TaxJar is only there to provide guidance on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. With this feature, everything will be automated, from calculating sales taxes to recording and processing it. However, there might be additional costs if the feature is 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 issues. The orders you place through your online channels can be combined into one dashboard using this platform. From there you and your staff can access everything you require, including a list of your transactions, reports, as well as the data.
The most appealing aspect of the feature you’ve chosen is they allow you to update automatically every day. Not only can they help you keep track of how much you’ve collected and how much you’ve earned, but they also let you track when your following payment is due.
Their dashboard can also allow you to see the total sales tax for your business. Additionally, you can export the data in the form of a CSV file, if you want to use it for your financial planning and accounting processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. It means you don’t need to search for your documents when you’re when you’re in a pinch. Even when you already have your accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have available for other operating costs.
The best part is that TaxJar offers tutorials and training, not just on their platform, but all things that has to do with sales tax. You can check out their webinars, guides, as well as their blog to find more info. Additionally their sales tax calculator can be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing structures and the features that each of these choices can provide you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. The company claims that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It includes sales tax reporting, four free yearly AutoFiles, and an CSV import. With the starter plan, you can access their AI tax advice.
If you’re a small company owner, this plan could be perfect for you. It may not offer all the features of TaxJar however, it does include the basic features you require.
In addition, you can reach their support team with their email support chart. You’ll also have access to their integration features.
If you’re looking to get a bit more than just the basic features and options, then the Professional plan could be the one for you. The price starts at $99 however, it could go up by adding custom features.
How different is it from the original plan?
In addition to having access to every one of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you run a large company, you may need to go for premium plans instead. It has all of the features needed to help with your taxes. Moreover, they allow unlimited data import integrations, API integrations, team users and AutoFiles.
There is also a team dedicated for managing the account. They don’t reveal the price of the Premium plan. costs you. How Does The TaxJar Recruitment Process Work
However, they did mention that the plan is custom-made for each user. The cost of the plan will be different depending on what you need 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 different options, they offer 30 days of free trial. It should give you enough time to see if the platform is the right choice for you.
Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar Let’s relax. In order to sum up the whole thing Here are the pros and cons of making use of TaxJar to run your business.
- Has the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- 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 valid for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out TaxJar can be a great platform companies with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then should try this.
Not only can it aid in tracking your products and revenue It can assist you in meeting the deadlines you set. It’s also an excellent opportunity for accountants since they provide tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
The use of TaxJar will help you save more time while keeping the track of each deadline and obligation you have to fulfill. If you’re in a place with complicated tax regulations, this will definitely help you get your head around the subject. How Does The TaxJar Recruitment Process Work
However, if managing taxes is easy, then TaxJar may be an unnecessary expense. If you only have one or two sales channels, TaxJar won’t be needed to track all of it. In addition, if you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better to do it by yourself.
FAQ How Does The TaxJar Recruitment Process Work
Which areas does TaxJar provide API support?
TaxJar currently works with 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 using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions are in USdollars. If you’re using another currency, you’ll have to convert it into US$ prior to when TaxJar will calculate the tax.