Taxes are always one of the hardest things to do, whether you’re running a business or not. More so if you don’t have a degree in accounting or finance. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. If you don’t have enough money to employ 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 avoid this step. But since it’s required to be done, we can’t choose not to.
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 tool and explain how it can help you. While this is a long read it is possible to assess whether TaxJar is what you need right now.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
But for those who prefer to read, then we’ll dive right into.
What is TaxJar Promo Coupon TaxJar
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It is a solution for the entire life cycle. Furthermore, you can utilize it across all of the sales channels you use to ensure that you are in compliance with your sales taxes. It makes the process simpler that could can take days to complete, and is completed in just a few minutes.
TaxJar has been used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by online business owners to keep everything neat and simple. Let’s explore the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to make sure is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must maintain everything in line. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar lets you display your critical data in one location. So, there’s no need to collect data from different channels and sort it into a single platform. All you need to do is connect TaxJar and the platform will take care of all the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows customers to make sales tax filings manually or through their AutoFile feature. In this review, we’ll look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for the filing of income tax returns, the team will instruct you on how to handle them. However, it will be up for you and your team to complete the process in time. TaxJar is there to guide you on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out the forms in a manual manner. With this feature, everything will be automated from calculating sales tax in order to record and process it. There could be additional costs if the feature is not included in the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. From there, you and your team can access everything you require, including a list of your transactions, reports, as well as information.
The best part about this option is the fact that it lets you to automatically update every day. Not only can they help to know the amount you’ve collected, but they also help you track when your following payment is due.
Their dashboard can also allow you to fully view the sales tax totals in your business. It is also possible to export the data in a CSV file in case you require it in your accounting and financial planning processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep track of all of the channels you sell through. This means that you don’t have to hunt for your paperwork whenever you’re in a pinch. Even even if you already have an accounting firm, the feature can make them more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your funds more effectively. You’ll know better how much budget you have available for other operating costs.
But what’s even better is that TaxJar offers training and tutorials not only for their platform but everything connected to sales tax. You can look through their webinars, guides and blog for more information. In addition, their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for the business you run. That’s why for this section we’ll take a look at TaxJar’s pricing structures and the features that each of these options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. The company claims that it’s the best plan if you need help with filing requirements and reporting. It includes taxes on sales and sales as well as 4 autofiles for free each year, and a CSV import. Even with the basic plan, you have access to their AI tax recommendations.
If you’re a smaller business owner, this plan should be perfect for you. It may not have all the features of 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 features.
If you’re looking to get a bit more than just the standard features and options, then the Professional plan might be the right one for you. It’s priced at $99 but you can increase it when you add additional features.
So how different is it from the starter plan?
In addition to accessing each of Starter plan’s options, you also have access to their phone customer support access to APIs, as well as sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive enterprise, you may want to go for the Premium plan instead. It includes all of the features you need to aid in your tax preparation. Additionally, they permit unlimited data import integrations as well as Integrations with APIs, teams of users, and AutoFiles.
There is also a team that is devoted to managing your account. They don’t reveal the price of the Premium plan. will cost you. Promo Coupon TaxJar
However, they did mention that this plan is customized for every user. So the costs will vary depending on what you need for your business.
Fortunately, you don’t need to bet your life on it to see if this platform is right for you. If you’re still considering different options, they offer 30 days of free trial. It should give you enough time to gauge whether the software is an excellent fit for you.
Pros and Cons
After we’ve gone over everything you should be aware of TaxJar Let’s relax. To sum it all up Here are the pros and cons of making use of TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers 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
- 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 for USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies with many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then you should try this.
Not only will it assist you in keeping track of the sales and profits of your business however, it will help you meet the deadlines you set. It is also a great option for accountants as they provide the Tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
Using TaxJar can help you save more time while keeping on top of each deadline and requirement you have to meet. If you’re in a region with a lot of tax laws, this will definitely help you get your head around it. Promo Coupon TaxJar
If handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track all of it. In addition, if you find the entire procedure simple to follow, you might be better off doing it on your own.
FAQ Promo Coupon TaxJar
Which areas does TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it to US$ before TaxJar determines your tax.