Taxes have always been one of the most difficult tasks to complete regardless of whether you run your own business or not. More so if you don’t have a degree in finance or accounting. Tax-related tasks can be overwhelming, especially when you’re filled with tasks to complete. If you don’t have enough money to hire an accountant, making it yourself can be risky. If you make a mistake and you don’t know it, you may have to do it all over again!
Almost everyone wants to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
So what is the best way to deal with it?
We can always make our lives easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving device and how it can help you. Even though this is lengthy but you’ll be able to gauge whether TaxJar is the tool you require right now.
Prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, then we’ll dive right into.
What exactly is TaxJar? Others Like TaxJar
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Additionally, you can use it in all of the sales channels you use to make sure you’re in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is used extensively by online business owners to keep everything neat and simple. Let’s take a look at the benefits and features of TaxJar.
> > Click Here to Start TaxJar for Free < <
Features and services
Integration
One of the first things you’ll want to check is your tax-reporting software perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to maintain everything in line. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar lets you display your key data in one location. This means that there is no need to collect information from multiple sources and organize it into one platform. All you need to do is integrate TaxJar and the platform will do the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms they can integrate with:
Filing
TaxJar allows clients to make sales tax filings by hand or using the AutoFile feature. For our review we’ll dig at both.
If you choose to do it manually, TaxJar will allow you to connect those sales tools. When the time is right for the filing of income tax returns The team will guide you on managing the tax returns. But, it is up to you and your staff to finish the tax returns in time. TaxJar is there to provide guidance on what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. This feature will ensure that everything will be automated from calculating taxes on sales in order to record and process it. However, there might be additional costs if the feature is you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there you and your staff can access everything you need, such as an inventory of your transactions, reports, as well as the data.
The best part about this option is the fact that it allows you to update your account automatically each day. They not only let to know the amount you’ve accumulated and how much you’ve earned, but they also let you determine when your next payments are due.
The dashboard allows you to fully view the total sales tax for your business. Additionally, you can export your data as a CSV file, if you want to use it for your process of financial planning and accounting or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all your sales channels. It means you don’t need to hunt for your paperwork when you need them in a pinch. Even even if you already have an accountant, this function can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll be aware of the budget you have for other operating expenses.
But what’s even better is that TaxJar provides training and tutorials, not just for their platform , but also for anything related to sales tax. You can look through their webinars, guides, as well as their blog to find more info. In addition their sales tax calculator is beneficial when you’re planning to do everything on your own.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing tiers and the features that each of these plans can offer. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan starts at $19. They say it’s the most suitable plan for you to help you in filing and reporting. It also includes taxes on sales and sales as well as four annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a smaller company proprietor, then this program should be perfect for you. It might not include all the features offered by TaxJar but it comes with all the basics you require.
Additionally, you can contact their customer support via their email support chart. You’ll also be able to use their integration capabilities.
Professional
If you’re looking for something a bit more than just the standard features Professional could be the one for you. It’s priced at $99 however, it could go up if you add custom features.
So how different is it from the original plan?
In addition to having access to all of the Starter plan’s features, you also have their phone customer support access to APIs, as well as sophisticated CSV import. You can also have 12 free AutoFiles each year.
Premium
If you have a massive enterprise, you may want to opt for an upgrade instead. It comes with all the features you need to make your tax filing easier. In addition, they offer unlimited integrations with data imports as well as API integrationsfor team members as well as AutoFiles.
There is also a team that is devoted to managing your account. But, they don’t divulge the amount that the Premium plan will cost you. Others Like TaxJar
However, they did mention that the plan is custom-made for each user. The cost of the plan will be different in line with what you require for your company.
Free Trial
Luckily, you don’t have to gamble your money just to find out if the platform is right for you. If you’re still looking into different options, they offer a 30-day free trial. This should be enough time to determine whether the service is an excellent fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar let’s take a break. In order to sum up the whole thing Here are the advantages and disadvantages of making use of TaxJar for your company.
Pros
- Has 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 easy to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms
- It allows you to monitor multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers.
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies with many sales channels and utilizes plenty of platforms. If this sounds like the way you do, then you ought to try this.
Not only will it aid in tracking the sales and profits of your business however, it will assist you in meeting the deadlines you set. This is also an excellent opportunity for accountants since they provide a Tax Advisor program. You can get tips and gain knowledge from their workshops on taxes by using it.
Using TaxJar will help you save more time while keeping the track of each deadline or requirement you need to fulfill. If you live in a region with a lot of tax laws, this can surely help you wrap your head around the subject. Others Like TaxJar
However, if managing your taxes is straightforward and straightforward, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. If you’re finding the entire procedure simple to follow then you’re better off doing it by yourself.
> > Click Here to Start TaxJar for Free < <
FAQ Others Like TaxJar
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions’ amounts are in USdollars. If you’re using another currency, you’ll have to convert it to USUSD prior to when TaxJar determines the tax.
