Taxes have always been among the most difficult tasks to complete, whether you’re running your own business or not. More so if you don’t have a background in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is full of things to be done. If you don’t have the funds to hire an accountant, doing it on yourself can be risky. If you miss one detail it could mean you have to redo things again!
Nearly everyone would prefer to avoid this step. However, since it’s mandatory, we have no choice.
So what is the best way to deal with it?
It is always possible to simplify our lives by using tools like TaxJar.
This article will take a look at this life-saving device and how it can help you. While this is a long read, you should be able to gauge whether TaxJar is exactly what you need right now.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar Stripe TaxJar Free
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. It’s a solution for your entire sales tax life cycle. Additionally, you can use it across all the sales channels you use to ensure compliance with sales tax requirements. It makes the process simpler that could can take days to complete, and finish within just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by owners of online businesses to keep everything neat and simple. Let’s explore their features and services.
Features and services
One of the most important things you’ll need to make sure is your tax-reporting platform is compatible with your sales channel. If you’re using multiple sales channels, you need to ensure that everything is in order. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to display your key data in one location. This means that there is no need to gather data in multiple channels and then organize it on a single platform. All you need to do is connect TaxJar, it will do the rest.
Other than that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar allows clients to make sales tax filings either manually or via TaxJar’s AutoFile feature. For this review, we’ll look at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When it comes time to the filing of income tax returns The team will guide you on managing them. It is up to you and your staff to finish the tax returns in time. TaxJar is only there to guide you on what you have to 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 any forms manually. With this feature, everything will be automated from calculating sales taxes in order to record and process them. But, it is possible to incur extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to help you with your accounting woes. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. Once you’re on the platform, you and your team will have access to everything you need, such as the list of transactions, reports and the data.
The greatest benefit of this feature is that it allows you to update automatically every day. Not only will they let you keep track of how much you’ve collected however, they can also help you track when your following payment is due.
Their dashboard can also allow you to fully view the overall sales taxes within your company. Additionally, you can export the data to the form of a CSV file in case you require it for your process of financial planning and accounting or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. That means you won’t have to hunt for your paperwork whenever you’re when you’re in a pinch. Even when you already have your accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay 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 offers training and tutorials and tutorials, not just for their platform , but also all things related to sales tax. You can check out their webinars, guides and blog for more details. Additionally their sales tax calculator can be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms offer superb features, but they can be too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these choices can provide you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan costs $19. They claim that it’s the most effective plan if you need help in filing and reporting. It comes with the tax on sales, four free yearly AutoFiles, and an CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller company manager, the plan should be ideal for you. It might not include all the features of TaxJar but it comes with all the basics you require.
You can also contact the support team via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking for something that is more than the basics and options, then the Professional plan could be the one for you. It starts at $99, but you can increase it by adding custom features.
So how different is it from the original plan?
Apart from having access to each of Starter plan’s features, you also get access to their support via phone access to APIs, as well as advanced CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge company, you may need to opt for the Premium plan instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited integrations with data imports API integrations, team users, and AutoFiles.
They also have a team who are devoted to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. Stripe TaxJar Free
However, they did mention that this plan is customized for every user. The cost of the plan will be different depending on what you need for your business.
It’s a good thing that you don’t have to risk your money to determine if this service is for you. If you’re still looking into various options, they provide a 30-day free trial. This should give you enough time to determine whether the software is an excellent fit for you.
Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar Let’s relax. To sum it all up Here are the advantages and disadvantages of making use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies with multiple sales channels and uses many platforms. If that sounds like what you do, then you must try TaxJar.
It’s not just a way to assist you in keeping track of the sales and profits of your business It can also help you meet your deadlines. It is also a great platform for an accountant since they offer tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
The use of TaxJar can allow you to get more done while keeping track of every 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. Stripe TaxJar Free
But if handling taxes is easy, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. If you find the whole procedure easy to complete and you’re comfortable with it, you may be better to do it by yourself.
FAQ Stripe TaxJar Free
Which areas does TaxJar provide API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transaction amounts are n US$. If you’re using a different currency, you will need to convert it to USdollars before TaxJar determines the tax.