Taxes are always one of the hardest things to do, whether you’re running a business or not. Even more so if you do not have a background in finance or accounting. Tax-related issues aren’t easy, particularly when your whole day is full of things to be done. In the event that you do not have the budget to engage an accountant doing it on your own can be dangerous. If you make a mistake 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, we have no choice.
What can we do about it?
We can simplify our lives with tools such as TaxJar.
We’ll look at this popular life-saving tool and how it can help you. Although this is quite lengthy but you’ll be able to assess whether TaxJar is what you need right now.
Do you prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What is TaxJar? How Does The TaxJar Recruitment
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. Additionally, you can use it in all of the sales channels you use to ensure that you are in compliance with sales tax requirements. It streamlines processes that can take days to complete, and finish within only a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is used extensively by business owners who run online businesses to ensure that everything is simple and organized. Let’s explore the features and services offered by TaxJar.
Services and features
One of the most important things you’ll need to make sure is that your accounting tax software seamlessly works well with your sales channel. If you’re selling through multiple 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 show your key metrics in one place. This means that there is no requirement to collect information from multiple sources and organize it into a single platform. All you have to do is connect TaxJar, and the platform will handle the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms that they can connect with:
TaxJar lets customers submit their sales tax either manually or via the AutoFile feature. In the purpose of this article, we’ll dig at both.
If you opt to go it alone, TaxJar will allow you to connect the sales channels you use. When it comes time to the filing of income tax returns The team will guide you on how to manage the tax returns. However, it will be up for you and your staff to complete everything in time. TaxJar is only there to guide you on what you need to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. This feature will ensure that everything will be automated, from calculating sales taxes through recording, and then processing it. However, there might be additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your team can access everything you need, like a list of your transactions, reports, as well as the data.
The most appealing aspect of this option is the fact that it lets you to update automatically every day. Not only will they let you keep track of how much you’ve collected, but they also help you track when your following payments are due.
The dashboard allows you to see the total sales tax in your business. You can also export the information in CSV format. CSV file in case you require it in your process of financial planning and accounting or if your team requires 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 whenever you’re in the event of a need. Even even if you already have an accountant, this feature can make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your money more efficiently. You’ll know better how much budget you have to cover other operating costs.
What’s more is that TaxJar offers tutorials and training, not just for their platform but for anything connected to sales tax. You can look through their guides, webinars, as well as their blog to find more info. In addition the sales tax calculator should be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We understand how important it is to set your budget. Certain platforms have amazing features, but they can be too expensive for businesses. This is why in this section, we’ll look into TaxJar’s pricing structures and what each of these options can offer you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan starts at $19. The company claims that it’s the most suitable plan for you to help you with filing requirements and reporting. It also includes the tax on sales, 4 free yearly AutoFiles, and a CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a smaller company proprietor, then this program will be perfect for you. It may not have all the features offered by TaxJar, but it has all the basics you require.
In addition, you can reach the support team via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for 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 basic plan?
In addition to accessing each of Starter plan’s options, you also have access to their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you own a huge company, you may need to opt for premium plans instead. It has all of the features needed to aid in your tax preparation. In addition, they offer unlimited data import integrations, Integrations with APIs, teams of users and AutoFiles.
They also have a staff who are devoted for managing the account. However, they don’t disclose the price of the Premium plan. is going to cost. How Does The TaxJar Recruitment
However, they did say that the plan is custom-made for every user. The cost of the plan will be different depending on what you need for your business.
Luckily, you don’t have to gamble your money just to see if this platform is right for you. If you’re still considering different options, they offer 30 days of free trial. This should be enough time to see if the platform is a good fit for you.
Pros and Cons
Now that we’ve covered all you should be aware of TaxJar let’s take a break. To sum it all up Here are the pros and cons of making use of TaxJar for your company.
- Has the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- Allows you to track multiple sales channels
- 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
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out, TaxJar can be a great platform companies with multiple sales channels and uses many platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only can it help you track your products and revenue, but it can assist you in meeting your deadlines. It is also a great platform for an accountant since they offer the Tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to meet. If you live in an area with complex tax laws, this can definitely help you get your head around the subject. How Does The TaxJar Recruitment
If handling your taxes is simple, then TaxJar could be a waste of expense. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure simple to follow then you’re better to do it by yourself.
FAQ How Does The TaxJar Recruitment
Which areas does TaxJar offer API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions are in USdollars. If you’re using a different currency, you’ll need to convert it to USUSD before TaxJar can calculate your tax.