Taxes have always been among the hardest things to do, whether you’re running an enterprise or not. Even more so if you do not have a degree in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. If you don’t have the funds to engage an accountant making it your own could be risky. If you make a mistake, you might have to redo things again!
Most people want to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
What is the best way to deal with it?
It is always possible to simplify our lives with tools such as TaxJar.
This article will take a look at this well-known life-saving device and how it can help you. Although this is quite a long read, you should be able to gauge whether TaxJar is the tool you require right now.
Are you looking watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, let’s get right into it.
What is TaxJar How Much Is TaxJar Autofile
Founded in 2013, TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It’s a solution for your entire sales tax life cycle. Additionally, you can use it across all the sales channels you use to make sure you’re in compliance with your sales taxes. It simplifies the processes that require days to complete and can be completed in a matter of minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is extensively used by business owners who run online businesses to keep everything organized and straightforward. Let’s look into their features and services.
Services and features
One of the first things you’ll need to ensure is that your accounting tax system is compatible in conjunction with the sales channels you use. If you have multiple sales channels, you need to maintain everything in line. The last thing you want is to be penalized for not paying attention to a minor thing.
TaxJar allows you to show your key data in one location. So, there’s no need to gather information from multiple sources and then organize it on a single platform. All you have to do is to integrate TaxJar it will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms they are able to integrate with:
TaxJar allows customers to make sales tax filings by hand or using the AutoFile feature. In this review, we’ll take a look at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect those sales tools. Once the time comes for the filing of income tax returns TaxJar will train you on how to handle these. However, it will be up for you and your team members to complete the process in time. TaxJar is only there to provide guidance on what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out any forms manually. With this feature, everything is automated, from calculating taxes on sales to recording and processing them. However, there might be additional costs if the feature is not included in the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting issues. The orders you place through your online channels can be put together into a single dashboard via this platform. From there you and your team can access everything you need, like the list of transactions, reports, and data.
The greatest benefit of the feature you’ve chosen is it lets you to automatically update every day. Not only can they help you keep track of how much you’ve accumulated however, they can also help you determine when your next payments are due.
Their dashboard can also allow users to view in detail the sales tax totals within your company. You can also export the information as the form of a CSV file, if you want to use it in your process of financial planning and accounting or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of your sales channels. It means you don’t need to hunt for your paperwork whenever you’re in the event of a need. Even if you already have your accounting firm, the feature can help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds more effectively. You’ll know better how much budget you have to cover other operational costs.
But what’s even better is that TaxJar offers tutorials and training, not just for their platform , but also for anything related to sales tax. Check out their guides, webinars, and blog for more information. Additionally, their sales tax calculator can be helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing levels and what each of these choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. They say it’s the most effective plan for those who need assistance in filing and reporting. It comes with the tax on sales, 4 annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you can access their AI tax tips.
If you’re a small-scale business owner, this plan could be ideal for you. It may not have all the features offered by TaxJar, but it has the basic features you require.
In addition, you can reach the support team via their support chart for email. You’ll also be able to use their integration features.
If you’re looking to get different from the basic features, then the Professional plan might be the right one 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?
In addition to accessing all of the Starter plan’s features, you also have their phone customer support access to APIs, as well as advanced CSV import. You can also get 12 AutoFiles for free each year.
If you own a huge company, you may need to opt for premium plans instead. It comes with all the features needed to help with your taxes. In addition, they offer unlimited import integrations of data, Integrations with APIs, teams of members as well as AutoFiles.
There is also a team dedicated in managing your accounts. They don’t reveal the amount that the Premium plan is going to cost. How Much Is TaxJar Autofile
However, they did say that the plan is custom-made for every user. The cost of the plan will be different according to what you require to run your business.
Fortunately, you don’t need to gamble your money just to see if this platform is for you. If you’re still considering different options, they offer a 30-day free trial. This should be enough time to see if the platform is a good fit for you.
Pros and Cons
We’ve covered everything you must be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the pros and cons of the use of TaxJar for your company.
- Does the plan include 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 easy 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.
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies with numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then you should try this.
Not only will it aid in tracking your products and revenue, but it can also help you meet the deadlines you set. It is also a great option for accountants as they offer a Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
Using TaxJar will help you save more time while keeping the track of each deadline and requirement you have to meet. If you’re in a region with a lot of tax regulations, this will definitely help you get your head around the subject. How Much Is TaxJar Autofile
But if handling your taxes is straightforward If it isn’t, then TaxJar could be a waste of expense. If you have only one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you find the whole procedure easy to complete and you’re comfortable with it, you may be better off doing it by yourself.
FAQ How Much Is TaxJar Autofile
Which areas does TaxJar provide API support?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it into USUSD prior to when TaxJar can calculate your tax.