Taxes have always been among the hardest things to do, whether you’re running an enterprise or not. Particularly if you don’t have any experience in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have enough money to employ an accountant, doing it on your own could be dangerous. If you overlook one thing, you might have to redo things again!
Most people want to avoid this step. But since it’s required, we have no choice.
What is the best way to deal with it?
It is always possible to make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving tool and explain how it can benefit you. While this is lengthy but you’ll be able to determine if TaxJar is exactly what you need today.
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 review of the features offered by TaxJar.
For those who like to read, let’s dive right in.
What is TaxJar? How To Make TaxJar Download More Transactions
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. It is a solution for your entire sales tax life cycle. In addition, you can apply it across all of your sales channels to make sure you’re in compliance with sales taxes. It simplifies the processes that take days to complete and is completed in just a few minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by online business owners to keep everything neat and simple. Let’s look into the benefits and features of TaxJar.
Services and features
One of the first things you’ll need to make sure is that your accounting tax platform seamlessly works well along with sales funnels. If you’re using multiple sales channels, it is essential to maintain everything in line. The last thing you want is to get a penalty for missing a single minor point.
TaxJar allows you to display your critical data in one location. So, there’s no need to collect data in multiple channels and sort it into a single platform. All you have to do is to integrate TaxJar it will do the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to submit their sales tax manually or through TaxJar’s AutoFile feature. In this review, we’ll take a look at both.
If you opt to go it alone, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing tax returns for income, the team will instruct you on how to manage them. But, it is up for you and your team members to finish the tax returns on time. TaxJar is only there to help you understand what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit the forms in a manual manner. With this feature, everything will be automated, from calculating taxes on sales to recording and processing them. There could be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting woes. Your orders from your e-commerce channels can be combined into one dashboard using this platform. From there you and your team will have access to all the information you need, like an inventory of your transactions, reports, and data.
The best part about the feature you’ve chosen is it lets you to automatically update every day. They not only let to know the amount you’ve accumulated, but they 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. Additionally, you can export the data to CSV format. CSV file in case you require it for your accounting and financial planning processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep track of all of the sales avenues you use. That means you won’t have to scramble for your documents when you need them in the event of a need. Even even if you already have an accountant, this feature can help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your funds better. You’ll be aware of the budget you have for other operating costs.
But what’s even better is that TaxJar offers tutorials and training, not just on their platform, but everything related to sales tax. You can look through their guides, webinars, and blog for more information. In addition their sales tax calculator should be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb features, but they can be too expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing structures and the features that each of these choices can provide you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan starts at $19. They claim that it’s the best plan for those who need assistance in filing and reporting. It includes taxes on sales and sales as well as four autofiles for free each year, and a CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a smaller company proprietor, then this program will be perfect for you. It might not include all of TaxJar’s features however, it does include the essentials that you need.
Additionally, you can contact their customer support via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking for something different from the basic features Professional could be the one for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the original plan?
In addition to accessing each of Starter plan’s features, you also get access to 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 company, you may need to choose premium plans instead. It comes with all the features that you require to help with your taxes. In addition, they offer unlimited data import integrations, API integrationsfor team members as well as AutoFiles.
There is also a team who are devoted for managing the account. They don’t reveal how much the Premium plan will cost you. How To Make TaxJar Download More Transactions
However, they did mention that this plan is tailor-fit for every user. Therefore, the cost will differ according to what you require for your business.
Luckily, you don’t have to bet your life on it to determine if this service is right for you. If you’re still looking into various options, they provide 30 days of free trial. This should give you enough time to determine if the platform is a good fit for you.
Pros and Cons
Now that we’ve covered all you must know about TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the advantages and disadvantages of making use of TaxJar to run your business.
- Has a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to businesses with many sales channels and utilizes many platforms. If that sounds like what you do, then you must try TaxJar.
Not only will it aid in tracking your products and revenue, but it can also help you meet your deadlines. This is also an excellent option for accountants as they offer a Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
The use of TaxJar can help you reduce time and keep the track of each deadline and requirement you have to fulfill. If you’re living in a region with a lot of tax laws, this will definitely help you get your head around it. How To Make TaxJar Download More Transactions
However, if managing your taxes is simple If it isn’t, then TaxJar could be a waste of investment. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. If you find the whole process easy to do, you might be better in doing it all by yourself.
FAQ How To Make TaxJar Download More Transactions
What are the areas in which TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify with TaxJar?
Yes. You can connect your Shopify account with 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. The transactions’ amounts are in USdollars. If you’re using a different currency, you will need to convert it into USdollars prior to when TaxJar will calculate your tax.