Taxes have always been among the most difficult tasks to complete regardless of whether you run an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford the funds to employ an accountant, doing it on your own could be dangerous. If you make a mistake, you might have to do it all over again!
Most people want to skipping this step. But , as it’s a requirement, we have no choice.
What can we do ?
It is always possible to make our lives easier by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can benefit you. Although this is quite lengthy, you should be able to gauge whether TaxJar is what you need right now.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then let’s get right into it.
What is TaxJar? How To Get A Discout For TaxJar
Founded in 2013, TaxJar is an application that automatizes your reporting, filings and sales tax calculations. It’s a solution for the entire life cycle. Additionally, you can use it across all of your sales channels to ensure that you are in compliance with your sales taxes. It makes the process simpler that could can 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.
How can this help you?
TaxJar is used extensively by owners of online businesses to keep everything simple and organized. Let’s explore their features and services.
Services and features
One of the first things you’ll need to ensure you have a tax accounting platform seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to ensure that everything is in order. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your most important metrics in one place. 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 to integrate TaxJar, then the system will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows customers to submit their sales tax either manually or via their AutoFile feature. In the purpose of this article, we’ll take a look into both.
If you decide to go it alone, TaxJar will allow you to connect all the sales channels you use. When the time is right for the filing of income tax returns TaxJar will train you on how to handle them. However, it will be up for you and your team to finish the tax returns in time. TaxJar will only guide you on what you have to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. Through this feature, everything will be automated from calculating sales tax through recording, and then processing them. However, there might be extra fees if not included in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be compiled 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 best part about this option is the fact that they allow you to update your account automatically each day. They not only let you know how much you’ve collected however, they can also help you track when your following payments are due.
The dashboard allows users to view in detail the total sales tax in your business. Additionally, you can export your data to the form of a CSV file if you need it to aid in financial planning and accounting processes or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of the channels you sell through. It means you don’t need to hunt for your paperwork when you’re in a pinch. Even even if you already have an accounting firm, the feature can help them be more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your funds better. You’ll know better how much budget you have available for other operational costs.
But what’s even better is that TaxJar offers training and tutorials, not just for their platform but for anything connected to sales tax. Check out their webinars, guides and blog for more details. Apart from that, their 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 establish your budget. Some platforms provide amazing features, but they can be too expensive for businesses. For this reason we’ll take a look at TaxJar’s pricing tiers and what each of those options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. They say it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It also includes sales tax reporting, four autofiles for free each year, and an CSV import. Even with the basic plan, you can access their AI tax advice.
If you’re a small company manager, the plan could be ideal for you. It might not include all of TaxJar’s features but it comes with the essentials that you need.
Additionally, you can contact the support team via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking for a bit more than just the standard features and options, then the Professional plan could be the one for you. It starts at $99, but it can go higher by adding custom features.
How different is it from the basic plan?
In addition to accessing each of Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive business, you might need to choose premium plans instead. It includes all of the features needed to make your tax filing easier. Moreover, they allow unlimited integrations with data imports API integrationsfor team users as well as AutoFiles.
They also have a team that is devoted for managing the account. But, they don’t divulge the amount that the Premium plan costs you. How To Get A Discout For TaxJar
However, they did mention that this plan is customized for every user. So the costs will vary according to what you require for your business.
It’s a good thing that you don’t have to gamble your money just to determine if this service is right for you. If you’re still considering different options, they offer a 30-day free trial. This should be enough time to see whether the software is an excellent fit for you.
Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing Here are the advantages and disadvantages of the use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms.
- You can track several 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 valid for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then ought to try this.
Not only can it assist you in keeping track of your products and revenue It can assist you in meeting the deadlines you set. It is also a great option for accountants as they have the Tax Advisor program. You can find tips and learn from their sessions about taxes through it.
Using TaxJar can allow you to save more time while keeping track of every deadline or requirement you need to fulfill. If you live in an area with complex tax regulations, this will certainly help you to get your head around it. How To Get A Discout For TaxJar
However, if managing taxes is easy, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire process easy to do then you’re better in doing it all on your own.
FAQ How To Get A Discout For TaxJar
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect 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 transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it into US$ before TaxJar determines your tax.