Taxes have always been among the most difficult things to handle regardless of whether you’re running an enterprise or not. More so if you don’t have any experience in accounting or finance. Tax-related work can be overwhelming, particularly when your whole day is filled with tasks to complete. When you’re not able to afford enough money to employ an accountant, making it yourself can be risky. If you miss one detail, you might need to repeat the process!
Nearly everyone would prefer to skip this step. However, since it’s mandatory, we have no choice.
So , what can we do ?
We can always simplify our lives by using tools like TaxJar.
This article will take a look at this popular life-saving tool and how it can benefit you. Even though this is a long read, you should be able to determine if TaxJar is the tool you require in the present.
Do you prefer video streaming 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, let’s get right into it.
What is TaxJar Instructional Designer Salary TaxJar
Founded in 2013, TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It is a solution for your entire sales tax life cycle. Additionally, you can use it across all of your sales channels to ensure that you are in compliance with sales tax requirements. It simplifies the processes that take days to complete and finish within only a few minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by owners of online businesses to keep everything simple and organized. Let’s take a look at the benefits and features of TaxJar.
Services and features
One of the most important things you’ll need to make sure is your tax-reporting software seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, you need to maintain everything in line. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your critical metrics in one spot. That way, there’s no need to collect data in multiple channels and sort it into one platform. All you have to do is to integrate TaxJar, and the platform will take care of all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms that they can connect with:
TaxJar allows clients to make sales tax filings by hand or using the AutoFile feature. For this review, we’ll dig into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing tax returns for income, the team will instruct you on how to handle these. However, it will be up for you and your team to finish the tax returns within the timeframe. TaxJar will only guide you 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 any forms manually. Through this feature, everything is automated, from calculating sales tax through recording, and then processing it. However, there might be additional charges if they are not included in the plan you chose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your staff will have access to all the information you need, like an inventory of your transactions, reports, and the data.
The best part about this option is the fact that they allow you to update automatically every day. Not only can they help to know the amount you’ve accumulated, but they also help you keep track of when the next payments are due.
The dashboard allows you to fully view the total sales tax in your business. You can also export the information as the form of a CSV file if you need it in your accounting and financial planning processes or if you require it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all your sales channels. That means you won’t have 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 aid them in being more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have available for other operating costs.
But what’s even better is that TaxJar offers training and tutorials not only for their platform but all things that has to do with sales tax. You can check out their webinars, guides, or blog posts for additional info. In addition their sales tax calculator is useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. That’s why for this section we’ll take a look at TaxJar’s pricing structures and the features that each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. The company claims that it’s the best plan to help you with filing requirements or reporting. It also includes the tax on sales, 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you will be able to access their AI tax advice.
If you’re a small company proprietor, then this program should be ideal for you. It might not include all of TaxJar’s features but it comes with the basic features you require.
You can also contact their customer support via their email support chart. Additionally, you’ll have access to their integration features.
If you’re looking to get a bit more than just the basics, then the Professional plan might be the right one for you. The price starts at $99 but you can increase it if you add custom features.
How different is it from the starter plan?
Apart from having access to every one of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and advanced CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge company, you may need to opt for premium plans instead. It comes with all the features you need to make your tax filing easier. In addition, they offer unlimited integrations with data imports API integrations, team members as well as AutoFiles.
There is also a team that is devoted in managing your accounts. They don’t reveal the amount that the Premium plan is going to cost. Instructional Designer Salary TaxJar
However, they did mention that the plan is custom-made for every user. Therefore, the cost will differ depending on what you need for your company.
It’s a good thing that you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still considering other options, they have 30 days of free trial. It should give you enough time to determine whether the software is the right choice for you.
Pros and Cons
Now that we’ve covered all you should know about TaxJar let’s take a breather. To sum it all up, here are the pros and cons of using TaxJar for your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides an online sales tax 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.
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable to USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to businesses with multiple sales channels and uses numerous platforms. If that’s what you’re doing, then ought to try this.
Not only will it aid in tracking your products and revenue however, it will help you meet your deadlines. It is also a great option for accountants as they offer a Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
The use of TaxJar can allow you to get more done while keeping track of every deadline or requirement you need to fulfill. If you’re living in an area with complex tax regulations, this will definitely help you get your head around the subject. Instructional Designer Salary TaxJar
But if handling your taxes is straightforward, then TaxJar might not be a good investment. If you have only one or two channels for sales, TaxJar won’t be needed to track everything. In addition, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better off doing it on your own.
FAQ Instructional Designer Salary TaxJar
Which areas does TaxJar provide API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transactions are in USdollars. If you’re using a different currency, you will need to convert it to USUSD prior to when TaxJar can calculate the tax.