Taxes have always been among the most difficult tasks to complete regardless of whether you run a business or not. Even more so if you do not have a background in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is full of things to be done. When you’re not able to afford the funds to employ an accountant, performing the task on yourself can be risky. If you overlook one thing, you might have to do it all over again!
Almost everyone wants to skipping this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do about it?
It is always possible to simplify our lives with tools such as TaxJar.
Here we’ll take a look at this popular life-saving tool and explain how it can help you. While this is lengthy it is possible to gauge whether TaxJar is exactly what you need in the present.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
For those who like to read, let’s get right into it.
What exactly is TaxJar? How Much Does Autofile Cost On TaxJar
Founded in 2013, TaxJar is an application that automatizes your filings, reports, and sales tax calculation. TaxJar is a solution to the entire life cycle. Additionally, you can use it across all your sales channels to make sure you’re in compliance with sales taxes. It simplifies the processes that require days to complete and can be completed in a matter of just a few minutes.
TaxJar has been utilized 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 online business owners to ensure that everything is simple and organized. Let’s take a look at their features and services.
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Services and features
Integration
One of the first things you’ll need to make sure is that your accounting tax platform perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you need to ensure that everything is in order. 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 spot. This means that there is no need to gather information from multiple sources and organize it into a single platform. All you need to do is integrate TaxJar then the system will do all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar lets customers submit their sales tax by hand or using 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 all of the sales channels you use. When the time is right for the filing of income tax returns TaxJar will train you on managing them. It is up for you and your team to complete everything on time. TaxJar will only provide guidance on what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit all forms by hand. With this feature, everything is automated, from calculating taxes on sales in order to record and process it. However, there might be additional costs if the feature is you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be compiled into one dashboard using this platform. From there you and your staff will have access to all the information you need, like the list of transactions, reports and information.
The best part about 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 accumulated and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow you to fully view the total sales tax within your company. Additionally, you can export the data in a CSV file if you need it in your financial planning and accounting processes or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep on top of all your sales channels. It means you don’t need to scramble for your documents when you need them when you’re in a pinch. Even even if you already have an accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds more effectively. You’ll be aware of the budget you have for other operational costs.
What’s more is that TaxJar offers training and tutorials not only on their platform, but everything connected to sales tax. You can check out their guides, webinars, and blog for more details. In addition the sales tax calculator should be useful if you’re planning to complete everything yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Certain platforms have amazing capabilities, but they’re often too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing levels and the features that each of these options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. The company claims that it’s the most effective plan for those who need assistance with filing requirements or reporting. It also includes sales tax reporting, four annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you can access their AI tax tips.
If you’re a small business proprietor, then this program should be perfect for you. It might not include all the features of TaxJar, but it has all the basics you require.
You can also contact their customer support via their support chart for email. You’ll also be able to use their integration tools.
Professional
If you’re looking to get that is more than the basic features, then the Professional plan could be the one for you. The price starts at $99 however, it could go up when you add additional 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 the support of their customer service via phone Access to APIs, phone support, and advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
Premium
If you have a massive company, you may need to opt for an upgrade instead. It comes with all the features that you require to aid in your tax preparation. Moreover, they allow unlimited integrations with data imports API integrations, team members as well as AutoFiles.
There is also a team dedicated in managing your accounts. They don’t reveal the price of the Premium plan. costs you. How Much Does Autofile Cost On TaxJar
However, they did mention that this plan is customized to each user. So the costs will vary according to what you require for your company.
Free Trial
It’s a good thing that you don’t have to gamble your money just to see if this platform is the right one for you. If you’re still considering various options, they provide 30 days of free trial. This should be enough time to determine if the platform is a good fit for you.
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Pros and Cons
After we’ve gone over everything you should be aware of TaxJar Let’s relax. To sum it all up Here are the pros and cons of making use of TaxJar to run your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable for USA customers
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies that have multiple sales channels and uses many platforms. If this sounds like the way you’re doing, then should try this.
Not only will it help you track the sales and profits of your business however, it will also help you meet your deadlines. It is also a great opportunity for accountants since they provide the Tax Advisor program. You can get tips and get knowledge from their seminars about taxes through it.
The use of TaxJar will help you get more done while keeping the track of each deadline or requirement you need to meet. If you’re in a place with complicated tax laws, this can certainly help you to get your head around the subject. How Much Does Autofile Cost On TaxJar
If handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you find the entire process easy to do, you might be better to do it by yourself.
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FAQ How Much Does Autofile Cost On TaxJar
What are the areas in which TaxJar provide API support?
TaxJar is currently assisting countries such as 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 to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions’ amounts are in US$. If you’re using another currency, you’ll need to convert it into USUSD before TaxJar determines the tax.
