Taxes are always one of the most difficult things to handle regardless of whether you run an enterprise or not. Even more so if you do not have a degree in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is full of things to be done. When you’re not able to afford the budget to hire an accountant, performing the task on your own can be risky. If you overlook one thing and you don’t know it, you may need to repeat the process!
Most people want to skipping this step. However, since it’s mandatory to be done, we can’t choose not to.
So what can we do about it?
We can always make life easier with tools such as TaxJar.
We’ll look at this well-known life-saving device and how it can assist you. Although this is quite lengthy but you’ll be able to assess whether TaxJar is the tool you require in the present.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then let’s get right into it.
What is TaxJar How Much Is TaxJar Auto File
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. TaxJar is a solution to the entire life cycle. In addition, you can apply it across all of your sales channels to ensure that you are in compliance with sales taxes. It streamlines processes that require days to complete and can be completed in a matter of minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is used extensively by business owners who run online businesses to keep everything neat and simple. Let’s explore their features and services.
Services and features
One of the most important things you’ll need to ensure is your tax-reporting software perfectly integrates with your sales channel. If you have multiple sales channels, it is essential to keep everything in place. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar lets you display your key data in one location. This means that there is no requirement to collect data in multiple channels and sort it into a single platform. All you have to do is to integrate TaxJar, it will take care of the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. 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 the purpose of this article, we’ll take a look at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. When it comes time to filing tax returns for income, the team will instruct you on how to handle these. It is up to you and your staff to complete the process within the timeframe. TaxJar is there to help you understand what you have to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. This feature will ensure that everything is automated, from calculating taxes on sales through recording, and then processing it. But, it is possible to incur extra fees if not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. From there, you and your team will have access to everything you require, including an inventory of your transactions, reports, as well as the data.
The greatest benefit of this option is the fact that it lets you to update automatically every day. Not only will they let you know how much you’ve collected however, they can also help you determine when your next payment is due.
Their dashboard can also allow you to see the overall sales taxes for your business. It is also possible to export the information as CSV format. CSV file in case you require it for your 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 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 accountant, this feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your funds better. You’ll know exactly how much budget you have available for other operational costs.
But what’s even better is that TaxJar offers training and tutorials not only for their platform but everything that has to do with sales tax. Check out their guides, webinars, and blog for more information. Additionally the sales tax calculator is useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of these options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. They claim that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It comes with the tax on sales, four free yearly AutoFiles, and an CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small-scale business proprietor, then this program could be ideal for you. It may not have all of TaxJar’s features, but it has the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also be able to use their integration tools.
If you’re looking for that is more than the basic features Professional could be the one for you. It’s priced at $99 but it can go higher by adding custom features.
What is the difference from the basic plan?
Apart from having access to every one of Starter plan’s features, you also have their phone customer support, API access, and advanced CSV import. They also allow you to have 12 free AutoFiles each year.
If you own a huge enterprise, you may want to go for premium plans instead. It comes with all the features you need to aid in your tax preparation. In addition, they offer unlimited data import integrations as well as Integrations with APIs, teams of members, and AutoFiles.
They also have a staff dedicated in managing your accounts. They don’t reveal the amount that the Premium plan costs you. How Much Is TaxJar Auto File
However, they did say that this plan is tailor-fit for each user. So the costs will vary in line with what you require for your business.
It’s a good thing that you don’t have to risk your money to determine if this service is the right one for you. If you’re still looking into other options, they have a 30-day free trial. It should give you enough time to gauge whether the software is the right choice for you.
Pros and Cons
We’ve covered everything you need to be aware of TaxJar let’s take a break. In order to sum up the whole thing Here are the advantages and disadvantages of the use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable to USA customers
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have multiple sales channels and uses many platforms. If that sounds like what you’re doing, then you ought to try this.
Not only can it aid in tracking your revenue and products however, it will help you meet your deadlines. It is also a great opportunity for accountants since they offer the Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
The use of TaxJar can allow you to get more done while keeping the track of each deadline and requirement you have to fulfill. If you live in an area with complex tax regulations, this will certainly help you to get your head around the subject. How Much Is TaxJar Auto File
If handling taxes is easy, then TaxJar might not be a good investment. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of all of it. If you find the entire procedure simple to follow then you’re better in doing it all by yourself.
FAQ How Much Is TaxJar Auto File
Which areas does TaxJar provide API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions are in US$. If you’re using a different currency, you’ll have to convert it to USUSD before TaxJar can calculate your tax.