Taxes have always been one of the most difficult things to handle, whether you’re running your own business or not. Even more so if you do not have a background in finance or accounting. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. If you don’t have the funds to engage an accountant doing it on yourself can 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 about it?
We can simplify our lives by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can assist you. Even though this is lengthy but you’ll be able to gauge whether TaxJar is what you need in the present.
Are you looking watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
But for those who prefer to read, then we’ll dive right into.
What exactly is TaxJar? How Many Employees Does TaxJar Have?
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it across all of your channels of sales to ensure compliance with sales taxes. It streamlines processes that take days to complete and can be completed in a matter of just a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is extensively used by online business owners to ensure that everything is organized and straightforward. Let’s look into the benefits and features of TaxJar.
Services and features
One of the most important things you’ll want to check you have a tax accounting platform is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, you need to maintain everything in line. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to show your critical metrics in one place. This means that there is no need to collect data in multiple channels and then organize it on a single platform. All you have to do is integrate TaxJar then the system will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows customers to file their sales taxes manually or through the AutoFile feature. In the purpose of this article, we’ll dig into both.
If you decide to do it manually, TaxJar will allow you to connect the sales channels you use. When it comes time to filing income tax returns The team will guide you on how to manage these. It is up to you and your team to finish the tax returns on time. TaxJar will only guide you on what you have to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out the forms in a manual manner. This feature will ensure that everything will be automated, from calculating taxes on sales in order to record and process it. There could be additional charges if they are not part of the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be compiled into a single dashboard via this platform. Once you’re on the platform you and your staff will have access to all the information you need, like the list of transactions, reports and the data.
The greatest benefit of the feature you’ve chosen is it allows you to automatically update every day. They not only let you keep track of how much you’ve collected, but they also help you track when your following payments are due.
Their dashboard also allows you to fully view the sales tax totals for your business. You can also export the data as CSV format. CSV file, if you want to use it for your accounting and financial planning processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all your sales channels. That means you won’t have to search for your documents when you’re when you’re in a pinch. Even when you already have your accountant, this feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your funds more effectively. You’ll know better how much budget you have to cover other operating expenses.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform but everything that has to do with sales tax. You can look through their webinars, guides as well as their blog to find more info. In addition the sales tax calculator should 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 offer superb features, but they can be too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing levels and what each of those choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. They claim that it’s the most effective plan for those who need assistance with filing requirements or reporting. It also includes taxes on sales and sales as well as four annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you have access to their AI tax recommendations.
If you’re a smaller business owner, this plan could be perfect for you. It may not have all of TaxJar’s features, but it has all the basics you require.
Additionally, you can contact their support team with their email support chart. You’ll also be able to use their integration features.
If you’re looking for something a bit more than just the standard features, then the Professional plan may be the best option for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the basic plan?
Apart from having access to each of Starter plan’s features, you also have their phone customer support access to APIs, as well as sophisticated CSV import. They also allow you to get 12 AutoFiles for free each year.
If you run a large enterprise, you may want to choose the Premium plan instead. It has all of the features that you require to make your tax filing easier. Moreover, they allow unlimited data import integrations as well as API integrationsfor team users and AutoFiles.
They also have a staff dedicated in managing your accounts. But, they don’t divulge how much the Premium plan will cost you. How Many Employees Does TaxJar Have?
But they did state that this plan is customized to each user. So the costs will vary depending on what you need to run your business.
Luckily, you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to determine if the platform is a good fit for you.
Pros and Cons
We’ve covered everything you need to know about TaxJar let’s take a break. To sum it all up, here are the pros and cons of the use of TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms
- Allows you to track multiple sales channels
- 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
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes numerous platforms. If that’s what you’re doing, then you ought to try this.
Not only can it assist you in keeping track of your products and revenue however, it will assist you in meeting your deadlines. It is also a great option for accountants as they offer the Tax Advisor program. You can find tips and learn from their sessions about taxes through it.
Utilizing TaxJar will help you reduce time and keep the track of each deadline or requirement you need to meet. If you live in a region with a lot of tax regulations, this will surely help you wrap your head around it. How Many Employees Does TaxJar Have?
However, if managing your taxes is straightforward and straightforward, then TaxJar might not be a good expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure easy to complete, you might be better off doing it by yourself.
FAQ How Many Employees Does TaxJar Have?
What are the areas in which TaxJar offer API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with 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 using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transactions’ amounts are in US$. If you’re using another currency, you’ll have to convert it into US$ prior to when TaxJar can calculate the tax.