Taxes have always been one of the most difficult tasks to complete regardless of whether you run your own business or not. Particularly if you don’t have any experience in finance or accounting. Tax-related issues aren’t easy, particularly when you’re full of things to be done. If you don’t have enough money to engage an accountant making it yourself can be dangerous. If you make a mistake and you don’t know it, you may have to do it all over again!
Almost everyone wants to skipping this step. But since it’s required, we have no choice.
What can we do about it?
We can make our lives easier with tools such as TaxJar.
We’ll look at this popular life-saving tool and how it can help you. While this is lengthy it is possible to determine if TaxJar is the tool you require in the present.
Prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
For those who like to read, then we’ll dive right into.
What exactly is TaxJar? Settings Cs-Cart Order For TaxJar
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It’s a solution for your entire sales tax life cycle. Additionally, you can use it across all of your channels of sales to ensure compliance with sales tax requirements. It simplifies the processes that require days to complete and is completed in just a few just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this 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 benefits and features of TaxJar.
Services and features
One of the most important things you’ll need to ensure you have a tax accounting software perfectly integrates in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to maintain everything in line. The final thing you would like is to get a penalty 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 data from different channels and organize it into one platform. All you need to do is integrate TaxJar, then the system will handle all the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of platforms they can integrate with:
TaxJar lets customers make sales tax filings by hand or using TaxJar’s AutoFile feature. For our review we’ll dig into both.
If you opt to do it manually, TaxJar will allow you to connect the sales channels you use. When it comes time to filing income tax returns The team will guide you on managing the tax returns. However, it will be up for you and your staff to complete everything within the timeframe. TaxJar will only help you understand what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. This feature will ensure that everything is automated, from calculating sales taxes in order to record and process them. There could be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to ease your accounting problems. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform, you and your team will have access to all the information you need, like the list of transactions, reports, and data.
The greatest benefit of this feature is that they allow 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 track when your following payment is due.
Their dashboard also allows you to see the sales tax totals for your business. It is also possible to export the data to a CSV file in case you require it for your process of financial planning and accounting or if you require it for central reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of the sales avenues you use. That means you won’t have to scramble for your documents when you’re in a pinch. Even if you already have your accounting firm, the feature will help them be more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will help you plan your funds more effectively. You’ll know better how much budget you have for other operating costs.
But what’s even better is that TaxJar offers tutorials and training not only for their platform , but also everything connected to sales tax. You can check out their webinars, guides, and blog for more info. Apart from that the 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 establish your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing structures and what each of these choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. They say it’s the most suitable plan for you if you need help in filing and reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a small-scale business manager, the plan could be perfect for you. It might not include all of TaxJar’s features but it comes with the basic features you require.
Additionally, you can contact their support team with their email support chart. Additionally, you’ll have access to their integration features.
If you’re looking for a bit more than just the basic features Professional may be the best option for you. It’s priced at $99 however, it could go up by adding custom features.
So how different is it from the basic plan?
In addition to having access to each of Starter plan’s features, you also get access to their support via phone access to APIs, as well as sophisticated CSV import. You can also have 12 free AutoFiles each year.
If you own a huge company, you may need to choose an upgrade instead. It comes with all the features that you require to help with your taxes. Moreover, they allow unlimited import integrations of data, API integrationsfor team members, and AutoFiles.
There is also a team dedicated to managing your account. They don’t reveal the price of the Premium plan. costs you. Settings Cs-Cart Order For TaxJar
However, they did mention that this plan is customized for each user. Therefore, the cost will differ in line with what you require for your company.
Luckily, you don’t have to gamble your money just to determine if this service is for you. If you’re still considering different options, they offer 30 days of free trial. This should give you enough time to see if the platform is an excellent fit for you.
Pros and Cons
Now that we’ve covered all you should be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the pros and cons of using TaxJar for your company.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers on the internet for 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.
- You can track several sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid out, TaxJar is an excellent platform for companies that have multiple sales channels and uses plenty of platforms. If this sounds like the way you do, then you should try this.
Not only can it assist you in keeping track of the sales and profits of your business, but it can assist you in meeting the deadlines you set. It’s also an excellent opportunity for accountants since they provide a Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
Utilizing TaxJar can allow you to get more done while keeping the track of each deadline or requirement you need to fulfill. If you’re living in a region with a lot of tax laws, this can surely help you wrap your mind around it. Settings Cs-Cart Order For TaxJar
If handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. In addition, if you’re finding the entire process easy to do, you might be better off doing it by yourself.
FAQ Settings Cs-Cart Order For TaxJar
What areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions are in USdollars. If you’re using a different currency, you’ll need to convert it into USdollars before TaxJar will calculate the tax.