Taxes have always been 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 accounting or finance. Tax-related issues aren’t easy, particularly when you’re packed with things to do. If you don’t have enough money to engage an accountant performing the task on your own could be risky. If you miss one detail, you might have to redo things again!
Almost everyone wants to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do ?
We can always simplify our lives with tools such as TaxJar.
This article will take a look at this life-saving device and how it can benefit you. Even though this is a long read, you should be able to assess whether TaxJar is what you need today.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, we’ll dive right into.
What is TaxJar How Long Does It Take TaxJar To Start Working
Founded in 2013, TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it in all of your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that 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 institutions.
How can it help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is organized and straightforward. Let’s look into their features and services.
> > Click Here to Start TaxJar for Free < <
Features and services
Integration
One of the most important things you’ll need to ensure you have a tax accounting platform perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to maintain everything in line. The final thing you would like is to be penalized for missing a single minor point.
TaxJar lets you display your critical metrics in one spot. So, there’s no need to collect information from multiple sources and then organize it on a single platform. All you need to do is connect TaxJar, and the platform will handle the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list of platforms they can integrate with:
Filing
TaxJar allows clients to file their sales taxes by hand or using the AutoFile feature. For our review we’ll dig at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect your sales platforms. Once the time comes for filing income tax returns The team will guide you on managing them. But, it is up for you and your team to complete the process on time. TaxJar is there to guide you on what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. Through this feature, everything is automated, from calculating sales taxes in order to record and process them. However, there might be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. From there you and your team will have access to everything you require, including a list of your transactions, reports and data.
The greatest benefit of the feature you’ve chosen is they allow you to update your account automatically each day. Not only can they help you keep track of how much you’ve accumulated, but they also help you track when your following payment is due.
The dashboard allows you to see the sales tax totals for your business. It is also possible to export your data in CSV format. CSV file in case you require it to aid in process of financial planning and accounting or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep the track of all the channels you sell through. That means you won’t have to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accountant, this feature will aid them in being more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have available for other operating expenses.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform , but also for anything that has to do with sales tax. You can look through their webinars, guides, as well as their blog to find more information. In addition the sales tax calculator should be useful if you’re planning to take on the entire task yourself.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too expensive for businesses. This is why in this section, we’ll look into TaxJar’s pricing tiers and what each of these plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. The company claims that it’s the most suitable plan for you for those who need assistance in filing and reporting. It comes with sales tax reporting, four autofiles for free each year, and a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale business manager, the plan could be perfect for you. It might not include all of TaxJar’s features however, it does include the basic features you require.
In addition, you can reach their support team with their email support chart. Additionally, you’ll have access to their integration features.
Professional
If you’re looking to get that is more than the basics and options, then the Professional plan might be the right one for you. The price starts at $99 however, it could go up when you add additional features.
How different is it from the original plan?
In addition to accessing all of the Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you own a huge enterprise, you may want to go for premium plans instead. It includes all of the features needed to aid in your tax preparation. Moreover, they allow unlimited integrations with data imports as well as API integrationsfor team users, and AutoFiles.
They also have a staff dedicated to managing your account. But, they don’t divulge the price of the Premium plan. will cost you. How Long Does It Take TaxJar To Start Working
However, they did mention that this plan is customized for every user. So the costs will vary depending on what you need for your business.
Free Trial
Luckily, you don’t have to risk your money to see if this platform is for you. If you’re still looking into various options, they provide a 30-day free trial. This should be enough time to gauge whether the software is the right choice for you.
> > Click Here to Start TaxJar for Free < <
Pros and Cons
After we’ve gone over everything you must be aware of TaxJar let’s take a break. To sum it all up we’ll go over the advantages and disadvantages of using TaxJar to run your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online 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
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to businesses with many sales channels and utilizes many platforms. If that sounds like what you do, then you should try this.
Not only can it assist you in keeping track of the sales and profits of your business however, it will help you meet the deadlines you set. This is also an excellent option for accountants as they offer tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
Utilizing TaxJar can allow you to get more done while keeping on top of each deadline and obligation you have to meet. If you live in a place with complicated tax laws, this can surely help you wrap your head around it. How Long Does It Take TaxJar To Start Working
If handling your taxes is straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better off doing it on your own.
> > Click Here to Start TaxJar for Free < <
FAQ How Long Does It Take TaxJar To Start Working
What are the areas in which TaxJar provide API support?
TaxJar currently supports 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 for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All of the transactions are in US$. If you’re using another currency, you’ll have to convert it to US$ before TaxJar determines the tax.
