Taxes have always been one of the most difficult things to handle regardless of 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 you’re filled with tasks to complete. In the event that you do not have the budget to engage an accountant doing it on your own could be dangerous. If you overlook one thing it could mean you need to repeat the process!
Almost everyone wants to skipping this step. But since it’s required, we have no choice.
So what can we do about it?
We can make our lives easier by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can assist you. Even though this is an extensive read, you should be able to determine if TaxJar is exactly what you need right now.
Do you prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, then we’ll dive right into.
What exactly is TaxJar? Sales Tax Chart TaxJar Amazon
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it across all of your channels of sales to make sure you’re in compliance with your sales taxes. It streamlines processes that can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by owners of online businesses to make their business more neat and simple. Let’s take a look at the benefits and features of TaxJar.
> > Click Here to Start TaxJar for Free < <
Services and features
Integration
One of the first things you’ll need to make sure is that your accounting tax software is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to maintain everything in line. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar allows you to display your most important metrics in one spot. This means that there is no need to gather data from different channels and organize it into one platform. All you need to do is to integrate TaxJar, then the system will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar allows customers to submit their sales tax manually or through their AutoFile feature. In our review we’ll take a look into both.
If you opt to go it alone, TaxJar will allow you to connect all those sales tools. When it comes time to filing income tax returns, the team will instruct you on how to manage the tax returns. But, it is up to you and your team members to complete the process on time. TaxJar is only there to help you understand what you need to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit any forms manually. With this feature, everything will be automated from calculating sales taxes in order to record and process them. There could be additional costs if the feature is you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. From there you and your team will have access to all the information you need, like the list of transactions, reports and information.
The greatest benefit of the feature you’ve chosen is it allows you to update automatically every day. Not only can they help to know the amount you’ve earned, but they also help you track when your following payments are due.
Their dashboard can also allow you to see the total sales tax for your business. You can also export the information as CSV format. CSV file, if you want to use it in your process of financial planning and accounting or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep on top of all the sales avenues you use. 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 feature will make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your money more efficiently. You’ll know better how much budget you have available for other operating costs.
What’s more is that TaxJar offers tutorials and training, not just for their platform , but also for anything connected to sales tax. You can check out their guides, webinars, or blog posts for additional details. Additionally, their sales tax calculator should be 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 set your budget. Some platforms offer superb features, but they can be too costly for the business you run. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan starts at $19. They claim that it’s the best plan for those who need assistance with filing requirements or reporting. It comes with sales tax reporting, four free yearly AutoFiles, and the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale business proprietor, then this program will be perfect for you. It might not include all of TaxJar’s features, but it has the essentials that you need.
In addition, you can reach their customer support via their support chart for email. You’ll also have access to their integration features.
Professional
If you’re looking for something that is more than the standard features, then the Professional plan may be the best option for you. It starts at $99, but you can increase it if you add custom features.
So how different is it from the basic plan?
In addition to accessing each of Starter plan’s features, you also have their support via phone access to APIs, as well as the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you run a large business, you might need to opt for premium plans instead. It has all of the features you need to make your tax filing easier. Additionally, they permit unlimited integrations with data imports, Integrations with APIs, teams of members and AutoFiles.
They also have a team that is devoted to managing your account. They don’t reveal the amount that the Premium plan will cost you. Sales Tax Chart TaxJar Amazon
However, they did mention that the plan is custom-made for every user. Therefore, the cost will differ depending on what you need for your company.
Free Trial
It’s a good thing that you don’t have to gamble your money just to find out if the platform is for you. If you’re still considering various options, they provide a 30-day free trial. It should give you enough time to determine whether the service is an excellent fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Cons
After we’ve gone over everything you should know about TaxJar let’s take a breather. In order to sum up the whole thing, here are the pros and cons of the use of TaxJar for your business.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce 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 able to be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- AutoFile limit is 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 review local laws
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses plenty of platforms. If this sounds like the way you’re doing, then you ought to try this.
Not only will it assist you in keeping track of your revenue and products however, it will also help you meet the deadlines you set. This is also an excellent option for accountants as they have tax Advisor program. There are tips to follow and gain knowledge from their workshops on taxes by using it.
The use of TaxJar can allow you to reduce time and keep track of every deadline and requirement you have to meet. If you’re in a place with complicated tax laws, this can certainly help you to get your head around it. Sales Tax Chart TaxJar Amazon
However, if managing your taxes is straightforward and straightforward, then TaxJar could be a waste of expense. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of all of it. If you find the whole procedure easy to complete then you’re better in doing it all on your own.
> > Click Here to Start TaxJar for Free < <
FAQ Sales Tax Chart TaxJar Amazon
What are the areas in which TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transaction amounts are n USdollars. If you’re using a different currency, you’ll need to convert it to USdollars prior to when TaxJar determines the tax.
