Taxes have always been among the hardest things to do regardless of whether you run your own business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have the funds to hire an accountant, performing the task on your own can be risky. If you make a mistake, you might need to repeat the process!
Almost everyone wants to skip this step. But , as it’s a requirement and mandatory, there’s no other choice.
So what can we do about it?
We can always make life easier by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and explain how it can assist you. Although this is quite a long read, you should be able to assess whether TaxJar is the tool you require in the present.
Are you looking video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What exactly is TaxJar? Program Coordinator Salary TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply it across all your channels of sales to ensure that you are in compliance with sales taxes. 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 different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is widely used by online business owners to ensure that everything is simple and organized. 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 make sure is that your accounting tax system perfectly integrates along with sales funnels. If you’re selling through multiple channels, you need to maintain everything in line. The last thing you want is to be penalized for overlooking just one minor detail.
TaxJar allows you to display your most important metrics in one place. So, there’s no requirement to collect information from multiple sources and sort it into a single platform. All you need to do is to integrate TaxJar, and the platform will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms they are able to integrate with:
TaxJar allows customers to make sales tax filings either manually or via TaxJar’s AutoFile feature. In our review we’ll take a look at both.
If you opt to do it manually, TaxJar will allow you to connect all of your sales platforms. When the time is right for the filing of income tax returns TaxJar will train you on managing them. However, it will be up for you and your team to finish the tax returns on time. TaxJar is there to guide you on what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out all forms by hand. This feature will ensure that everything will be automated from calculating sales taxes in order to record and process them. There could be additional charges if they are not included in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting woes. Your orders from your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform, you and your team will have access to everything you need, like the list of transactions, reports and information.
The greatest benefit of this feature is that it lets you to automatically update every day. Not only will they let to know the amount you’ve collected, but they also help you track when your following payment is due.
The dashboard allows you to see the total sales tax in your business. Additionally, you can export the data to CSV format. CSV file, if you want to use it in your accounting and financial planning processes or if you require it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the channels you sell through. This means that you don’t have to search for your documents whenever you’re in the event of a need. Even even if you already have an accountant, this feature will make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have for other operating costs.
The best part is that TaxJar provides training and tutorials not only for their platform but everything connected to sales tax. Check out their webinars, guides, and blog for more info. Apart from that their sales tax calculator should be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We understand how important it is to determine your budget. Certain platforms have amazing features, but they can be too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of those options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan starts at $19. They say it’s the most suitable plan for you if you need help with filing requirements or reporting. It also includes sales tax reporting, 4 free yearly AutoFiles, and an CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a smaller business owner, this plan should be perfect for you. It might not include all the features offered by TaxJar, but it has the basic features you require.
In addition, you can reach 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 basic features and options, then the Professional plan could be the one for you. It’s priced at $99 but it can go higher by adding 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 get access to their phone customer support Access to APIs, phone support, and advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive business, you might need to opt for premium plans instead. It has all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of users as well as AutoFiles.
They also have a team that is devoted for managing the account. But, they don’t divulge the price of the Premium plan. is going to cost. Program Coordinator Salary TaxJar
But they did state that this plan is customized to each user. So the costs will vary in line with what you require for your company.
Luckily, you don’t have to risk your money to see if this platform is the right one for you. If you’re still considering various options, they provide 30 days of free trial. It should give you enough time to see if the platform is an excellent fit for you.
Pros and Cons
After we’ve gone over everything you need to know about TaxJar let’s take a breather. To sum it all up we’ll go over the advantages and disadvantages of using TaxJar to run your business.
- Has a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers 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 have access to the API feature
- Only valid for 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 that have many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then ought to try this.
Not only will it assist you in keeping track of your revenue and products however, it will help you meet your deadlines. It’s also an excellent opportunity for accountants since they offer the Tax Advisor program. You can get tips and learn from their sessions about taxes through it.
The use of TaxJar can help you get more done while keeping on top of each deadline and requirement you have to meet. If you’re living in a place with complicated tax laws, this will definitely help you get your mind around it. Program Coordinator Salary TaxJar
If handling taxes is easy and straightforward, then TaxJar may be an unnecessary investment. If you only have one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire process easy to do, you might be better to do it on your own.
FAQ Program Coordinator Salary TaxJar
What areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it to US$ before TaxJar will calculate your tax.