Taxes have always been among the most difficult things to handle regardless of whether you’re running a business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is full of things to be done. If you don’t have enough money to employ an accountant, performing the task on your own could be risky. If you miss one detail it could mean you have to redo things again!
Most people want to avoid this step. But since it’s required to be done, we can’t choose not to.
So , 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 tool and explain how it can assist you. While this is a long read it is possible to assess whether TaxJar is what you need in the present.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
But for those who prefer to read, we’ll dive right into.
What exactly is TaxJar? Is TaxJar Down
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it in all of your sales channels to make sure you’re in compliance with sales tax requirements. It simplifies the processes that require days to complete and is completed in just a few just a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is neat and simple. Let’s explore the features and services offered by TaxJar.
Services and features
One of the most important things you’ll need to make sure is that your accounting tax system is compatible in conjunction with the sales channels you use. If you’re using multiple sales channels, you must keep everything in place. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your key metrics in one place. This means that there is no requirement to collect information from multiple sources and organize it into a single platform. All you have to do is connect TaxJar, it will take care of all the rest.
Other than 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 lets customers file their sales taxes by hand or using TaxJar’s AutoFile feature. For this review, we’ll dig at both.
If you choose to do it manually, TaxJar will allow you to connect all the sales channels you use. Once the time comes for filing income tax returns, the team will instruct you on managing these. It is up to you and your staff to finish the tax returns in time. TaxJar is there to provide guidance on what you have to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. This feature will ensure that everything will be automated, from calculating sales taxes in order to record and process them. However, there might be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting woes. Your orders from your e-commerce channels can be compiled into a single dashboard through this platform. Once you’re on the platform you and your staff will have access to all the information you need, such as a list of your transactions, reports and the data.
The most appealing aspect of this option is the fact that they allow you to update your account automatically each day. Not only can they help you know how much you’ve collected, but they also help you track when your following payments are due.
The dashboard allows you to fully view the sales tax totals in your business. It is also possible to export your data in CSV format. CSV file if you need it in your financial planning and accounting processes or if you require it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the channels you sell through. This means that you don’t have to scramble for your documents when you’re when you’re in a pinch. Even when you already have your accountant, this function can make them more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your funds better. You’ll be aware of the budget you have available for other operational expenses.
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 check out their guides, webinars, and blog for more information. In addition their sales tax calculator can be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. For this reason we’ll take a look at TaxJar’s pricing tiers and what each of these options can offer you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. They claim that it’s the best plan to help you with filing requirements and reporting. It includes taxes on sales and sales as well as four 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 recommendations.
If you’re a small business manager, the plan should be perfect for you. It may not offer all the features offered by TaxJar but it comes with the essentials that you need.
You can also contact the support team via their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking for that is more than the basic features Professional might be the right 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 having access to each of Starter plan’s features, you also get access to their support via phone access to APIs, as well as the ability to do advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
If you run a large enterprise, you may want to go for premium plans instead. It has all of the features needed to help with your taxes. In addition, they offer unlimited data import integrations, API integrations, team members and AutoFiles.
They also have a team that is devoted to managing your account. But, they don’t divulge the amount that the Premium plan costs you. Is TaxJar Down
But they did state that this plan is tailor-fit for every user. Therefore, the cost will differ according to what you require for your company.
Luckily, you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still considering different options, they offer 30 days of free trial. It should give you enough time to see whether the service is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar let’s take a break. To sum it all up, here are the advantages and disadvantages of using TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid out, TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes numerous platforms. If that sounds like what you do, then you must try TaxJar.
Not only can it aid in tracking your products and revenue, but it can help you meet your deadlines. It is also a great platform for an accountant since they have a Tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
The use of TaxJar can allow you to reduce time and keep on top of each deadline and obligation you have to fulfill. If you live in a place with complicated tax regulations, this will definitely help you get your head around it. Is TaxJar Down
But if handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. If you find the whole procedure simple to follow then you’re better in doing it all by yourself.
FAQ Is TaxJar Down
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 to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it to USUSD before TaxJar determines the tax.