Taxes are always one of the most difficult tasks to complete regardless of whether you’re running a business or not. More so if you don’t have any experience in accounting or finance. Tax-related work can be overwhelming, especially when you’re filled with tasks to complete. When you’re not able to afford the funds to employ an accountant, doing it on yourself can be risky. If you make a mistake, you might have to redo things again!
Almost everyone wants 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 simplify our lives by using tools like TaxJar.
This article will take a look at this popular life-saving tool and explain how it can assist you. While this is a long read but you’ll be able to assess whether TaxJar is the tool you require in the present.
Do you prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What exactly is TaxJar? Is TaxJar Free With Squarespace Api
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all of the sales channels you use to ensure compliance with sales tax requirements. It makes the process simpler that could require days to complete and can be completed in a matter of only a few minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by online business owners to ensure that everything is organized and straightforward. Let’s take a look at their features and services.
Services and features
One of the first things you’ll need to make sure you have a tax accounting software is compatible along with sales funnels. If you have multiple sales channels, you need to maintain everything in line. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar lets you display your key metrics in one place. That way, there’s no need to gather data from different channels and organize it into one platform. All you have to do is connect TaxJar, then the system will do all the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows customers to submit their sales tax manually or through their AutoFile feature. In our review we’ll look into both.
If you choose to go it alone, TaxJar will allow you to connect your sales platforms. When the time is right for filing tax returns for income, the team will instruct you on how to manage these. It is up to you and your team to complete the process within the timeframe. TaxJar is only there to provide guidance on what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. Through this feature, everything will be automated, from calculating taxes on sales to recording and processing it. But, it is possible to incur additional charges if they are not included in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting issues. 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, like an inventory of your transactions, reports, and data.
The greatest benefit of this feature is that it lets you to automatically update every day. Not only will they let you know how much you’ve earned however, they can also help you keep track of when the next payments are due.
Their dashboard can also allow you to see the overall sales taxes in your business. You can also export the information to a CSV file if you need it in your accounting and financial planning processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. This means that you don’t have to hunt for your paperwork whenever you’re when you’re in a pinch. Even when you already have your accountant, this function will aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your funds more effectively. You’ll be aware of the budget you have for other operating expenses.
What’s more is that TaxJar offers tutorials and training, not just on their platform, but for anything that has to do with sales tax. You can look through their guides, webinars, or blog posts for additional info. In addition their sales tax calculator is helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to establish 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 those plans can offer. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements or reporting. It also includes the tax on sales, 4 free yearly AutoFiles, and 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 perfect for you. It may not have all the features offered by TaxJar but it comes with all the basics you require.
You can also contact their support team with their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for something that is more than the standard features, then the Professional plan could be the one for you. The price starts at $99 but it can go higher by adding custom features.
How different is it from the basic plan?
Apart from having access to all of the Starter plan’s features, you also have their phone customer support access to APIs, as well as advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you own a huge enterprise, you may want to choose premium plans instead. It includes all of the features you need to help with your taxes. Moreover, they allow unlimited data import integrations as well as Integrations with APIs, teams of users, and AutoFiles.
There is also a team dedicated for managing the account. They don’t reveal the amount that the Premium plan costs you. Is TaxJar Free With Squarespace Api
But they did state that this plan is tailor-fit for every user. So the costs will vary depending on what you need for your company.
Luckily, you don’t have to bet your life on it to find out if the platform is the right one for you. If you’re still looking into various options, they provide a 30-day free trial. This should be enough time to gauge whether the software is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you must know about TaxJar let’s take a break. In order to sum up the whole thing, here are the advantages and disadvantages of using TaxJar to run your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Support service team
- The dashboard is simple 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
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid out TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then must try TaxJar.
Not only can it help you track your products and revenue It can also help you meet the deadlines you set. It is also a great option for accountants as they offer a Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
The use of TaxJar can help you get more done while keeping the track of each deadline and requirement you have to meet. If you’re in a region with a lot of tax regulations, this will certainly help you to get your head around it. Is TaxJar Free With Squarespace Api
But if handling taxes is easy and straightforward, then TaxJar might not be a good expense. If you only have one or two sales channels, TaxJar won’t be needed to track everything. In addition, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better in doing it all by yourself.
FAQ Is TaxJar Free With Squarespace Api
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it into US$ before TaxJar can calculate your tax.