Taxes have always been among the hardest things to do regardless of whether you’re running an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. If you don’t have the budget to engage an accountant performing the task on yourself can be risky. If you miss one detail and you don’t know it, you may need to repeat the process!
Almost everyone wants to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
So what is the best way to deal with it?
We can simplify our lives by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can benefit you. While this is a long read, you should be able to gauge whether TaxJar is what you need in the present.
Do you prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
For those who like to read, then let’s get right into it.
What exactly is TaxJar? TaxJar Advisor Login
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Additionally, you can use it in all of your channels of sales to make sure you’re in compliance with your sales taxes. It simplifies the processes that take days to complete and finish within 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 this help you?
TaxJar is used extensively by online business owners to make their business more simple and organized. Let’s explore the benefits and features of TaxJar.
Features and services
One of the first things you’ll need to make sure is your tax-reporting platform is compatible along with sales funnels. If you have multiple sales channels, it is essential to ensure that everything is in order. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to show your key metrics in one place. So, there’s no need to collect data from different channels and then organize it on one platform. All you need to do is integrate TaxJar then the system will do the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms they can integrate with:
TaxJar lets customers submit their sales tax by hand or using the AutoFile feature. For the purpose of this article, we’ll dig into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. When the time is right for the filing of income tax returns TaxJar will train you on managing these. But, it is up to you and your team to complete the process in time. TaxJar will only provide guidance on what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. This feature will ensure that everything is automated, from calculating sales tax to recording and processing it. But, it is possible to incur extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting issues. The orders you place through your online channels can be compiled into a single dashboard through this platform. From there you and your staff will have access to everything you need, such as the list of transactions, reports, as well as information.
The greatest benefit of this feature is that it lets you to update your account automatically each day. Not only will they let you keep track of how much you’ve collected however, they can also help you keep track of when the next payments are due.
The dashboard allows you to see the total sales tax for your business. You can also export your data as a CSV file in case you require it for your financial planning and accounting processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. This means that you don’t have to hunt for your paperwork when you need them in the event of a need. Even when you already have your accounting firm, the feature will make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have available for other operating costs.
The best part is that TaxJar offers tutorials and training, not just for their platform but everything that has to do with sales tax. Check out their webinars, guides, or blog posts for additional info. Apart from that the sales tax calculator can be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of these options can offer you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. The company claims that it’s the most suitable plan for you if you need help with filing requirements and reporting. It also includes the tax on sales, 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a small-scale company owner, this plan could be perfect for you. It might not include all the features offered by TaxJar however, it does include the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also be able to use their integration tools.
If you’re looking for different from the basics, then the Professional plan could be the one for you. It’s priced at $99 however, it could go up when you add additional features.
How different is it from the starter plan?
In addition to accessing every one of Starter plan’s options, you also have 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 run a large company, you may need to go for an upgrade instead. It includes all of the features you need to aid in your tax preparation. Moreover, they allow unlimited data import integrations, API integrations, team users, and AutoFiles.
There is also a team that is devoted for managing the account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Advisor Login
However, they did say that this plan is customized for every user. So the costs will vary depending on what you need to run your business.
Fortunately, you don’t need to risk your money to find out if the platform is for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to gauge whether the service is an excellent fit for you.
Pros and Cons
After we’ve gone over everything you should be aware of TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the pros and cons of making use of TaxJar to run your business.
- Does the plan include 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
- Support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- You can track several sales channels
- Limits on AutoFile are determined by 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 recheck local legislations
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then ought to try this.
It’s not just a way to help you track the sales and profits of your business, but it can also help you meet the deadlines you set. It’s also an excellent option for accountants as they have tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar will help you reduce time and keep on top of each deadline and requirement you have to meet. If you’re living in an area with complex tax laws, this can definitely help you get your head around the subject. TaxJar Advisor Login
But if handling taxes is easy If it isn’t, then TaxJar might not be a good investment. If you have only one or two channels of sales, TaxJar won’t be needed to track everything. Moreover, if you find the entire process easy to do then you’re better in doing it all by yourself.
FAQ TaxJar Advisor Login
What are the areas in which TaxJar provide API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transaction amounts are n USdollars. If you’re using a different currency, you will need to convert it into US$ prior to when TaxJar can calculate your tax.