Taxes are always one of the hardest things to do regardless of whether you’re running a business or not. Particularly if you don’t have any experience in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is filled with tasks to complete. In the event that you do not have the budget to engage an accountant doing it on your own can be risky. If you miss one detail and you don’t know it, you may have to do it all over again!
Almost everyone wants to skipping 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 life-saving tool and explain how it can help you. Even though this is an extensive read but you’ll be able to gauge whether TaxJar is the tool you require right now.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
If you prefer to read, then let’s get right into it.
What exactly is TaxJar? Instructional Designer TaxJar Salary
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it across all of your sales channels to make sure you’re in compliance with your sales taxes. It streamlines processes that require 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, and even medical institutions.
How can it help you?
TaxJar is used extensively by online business owners to keep everything neat and simple. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to ensure you have a tax accounting software is compatible with your sales channel. If you’re selling through multiple channels, you must maintain everything in line. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your key metrics in one spot. So, there’s no requirement to collect information from multiple sources and organize it into one platform. All you have to do is to integrate TaxJar, and the platform will do the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms they can integrate with:
TaxJar lets customers submit their sales tax manually or through TaxJar’s AutoFile feature. In our review we’ll take a look at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all those sales tools. Once the time comes for filing income tax returns TaxJar will train you on how to manage the tax returns. But, it is up for you and your team to finish the tax returns within the timeframe. TaxJar is only there to provide guidance on what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out any forms manually. This feature will ensure that everything will be automated from calculating taxes on sales to recording and processing them. There could be additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. From there you and your staff will have access to everything you need, such as an inventory of your transactions, reports, as well as information.
The most appealing aspect of the feature you’ve chosen is it allows you to update automatically every day. They not only let to know the amount you’ve collected and how much you’ve earned, but they also let you keep track of when the next payments are due.
The dashboard allows users to view in detail the total sales tax in your business. Additionally, you can export your data as a CSV file in case you require it for your process of financial planning and accounting or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the sales avenues you use. It means you don’t need to scramble for your documents whenever you’re when you’re in a pinch. Even if you already have your accounting firm, the feature will make them more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds better. You’ll be aware of the budget you have to cover other operating costs.
The best part is that TaxJar offers training and tutorials and tutorials, not just for their platform but all things that has to do with sales tax. You can look through their webinars, guides, as well as their blog to find more info. Apart from that, their sales tax calculator can be useful if you’re planning to do everything on your own.
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 expensive for businesses. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of these choices can provide you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan is priced at $19. They claim that it’s the most effective plan for those who need assistance with filing requirements or reporting. It also includes the tax on sales, four free yearly AutoFiles, and the option of a CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small-scale company manager, the plan should be ideal for you. It might not include all of TaxJar’s features, but it has the basic features you require.
Additionally, you can contact the support team via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking to get different from the basics and options, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher when you add additional features.
So how different is it from the original plan?
Apart from having access to every one of Starter plan’s features, you also have their support via phone access to APIs, as well as advanced CSV import. You can also receive 12 free AutoFiles every year.
If you run a large enterprise, you may want to go for the Premium plan instead. It has all of the features you need to help with your taxes. Moreover, they allow unlimited integrations with data imports API integrations, team members, and AutoFiles.
They also have a staff who are devoted for managing the account. But, they don’t divulge how much the Premium plan costs you. Instructional Designer TaxJar Salary
However, they did say that the plan is custom-made for each user. So the costs will vary depending on what you need to run 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 various options, they provide a 30-day free trial. It should give you enough time to see whether the software is a good fit for you.
Pros and Pros and
Now that we’ve covered all you need to know about TaxJar let’s take a breather. In order to sum up the whole thing Here are the pros and cons of the use of TaxJar for your company.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms.
- You can track several sales channels
- Limits for AutoFile are based on 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 clearly laid out, TaxJar can be a great platform companies that have many sales channels and utilizes many platforms. If that’s what you’re doing, then ought to try this.
Not only will it help you track your products and revenue It can also help you meet the deadlines you set. It’s also an excellent opportunity for accountants since they provide the Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar will help you get more done while keeping on top of each deadline or requirement you need to fulfill. If you live in an area with complex tax regulations, this will definitely help you get your head around the subject. Instructional Designer TaxJar Salary
If handling your taxes is simple If it isn’t, then TaxJar could be a waste of investment. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you find the entire procedure simple to follow and you’re comfortable with it, you may be better to do it on your own.
FAQ Instructional Designer TaxJar Salary
Which areas does TaxJar offer API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions are in US$. If you’re using another currency, you’ll have to convert it to USUSD prior to when TaxJar will calculate your tax.