Taxes have always been one of the hardest things to do regardless of whether you run an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have enough money to employ an accountant, making it your own could be risky. If you make a mistake and you don’t know it, you may have to redo things again!
Nearly everyone would prefer to avoid this step. But since it’s required, we have no choice.
So , what can we do about it?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this life-saving tool and how it can assist you. While this is a long read, you should be able to gauge whether TaxJar is what you need today.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
For those who like to read, let’s get right into it.
What is TaxJar TaxJar Affiliate
Founded in 2013, TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. TaxJar is a solution to the entire life cycle. Additionally, you can use it in all of the sales channels you use to ensure that you are in compliance with sales taxes. It makes the process simpler that could take days to complete and finish within only a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is used extensively by owners of online businesses to keep everything neat and simple. Let’s look into the features and services offered by TaxJar.
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Services and features
Integration
One of the first things you’ll need to ensure is your tax-reporting software perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to ensure that everything is in order. The most important thing is not to get a penalty for missing a single minor point.
TaxJar allows you to show your most important metrics in one spot. That way, there’s no need to collect information from multiple sources and then organize it on a single platform. All you have to do is connect TaxJar, then the system will handle the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar lets customers make sales tax filings manually or through the AutoFile feature. In our review we’ll look into both.
If you decide to do it manually, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing tax returns for income, the team will instruct you on how to handle these. It is up to you and your team to complete everything on time. TaxJar will only guide you on what you have 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 fill out any forms manually. Through this feature, everything will be automated from calculating sales tax in order to record and process them. However, there might be extra fees if not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting woes. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there, you and your team will have access to all the information you require, including a list of your transactions, reports, and the data.
The greatest benefit of this feature is that it allows 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 determine when your next payments are due.
Their dashboard can also allow you to see the total sales tax within your company. It is also possible to export the information to CSV format. CSV file in case you require it to aid in accounting and financial planning processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep the track of all your sales channels. It means you don’t need to scramble for your documents when you’re in the event of a need. Even if you already have your accounting firm, the feature can aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your money more efficiently. You’ll know better how much budget you have available for other operational costs.
But what’s even better is that TaxJar offers training and tutorials, not just for their platform but everything related to sales tax. Check out their webinars, guides as well as their blog to find more information. Apart from that the sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb features, but they can be too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing tiers and what each of these choices can provide you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the most suitable plan for you to help you in filing and reporting. It includes taxes on sales and sales as well as 4 free yearly AutoFiles, and an CSV import. Even with the basic plan, you can access their AI tax tips.
If you’re a small business manager, the plan will be perfect for you. It may not offer all the features offered by TaxJar, but it has the essentials that you need.
You can also contact their support team with their support chart for email. You’ll also have access to their integration features.
Professional
If you’re looking for different from the basic features and options, then the Professional plan could be the one for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the basic plan?
In addition to accessing all of the Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
Premium
If you own a huge business, you might need to opt for premium plans instead. It includes all of the features that you require to aid in your tax preparation. Additionally, they permit unlimited import integrations of data, API integrationsfor team users and AutoFiles.
They also have a team dedicated in managing your accounts. However, they don’t disclose the amount that the Premium plan will cost you. TaxJar Affiliate
But they did state that this plan is tailor-fit to each user. So the costs will vary depending on what you need for your company.
Free Trial
Fortunately, you don’t need to bet your life on it to determine if this service is for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. This should give you enough time to gauge if the platform is a good fit for you.
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Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar let’s take a breather. To sum it all up, here are the pros and cons of the use of TaxJar for your company.
Pros
- There is 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.
- It allows you to monitor multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable to USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies with multiple sales channels and uses plenty of platforms. If that sounds like what you do, then you should try this.
Not only will it aid in tracking your revenue and products, but it can assist you in meeting your deadlines. This is also an excellent option for accountants as they have a Tax Advisor program. You can get tips and learn from their sessions about taxes through it.
Utilizing TaxJar can help you save more time while keeping on top of each deadline and obligation you have to meet. If you’re in a place with complicated tax regulations, this will certainly help you to get your mind around it. TaxJar Affiliate
But if handling your taxes is simple, then TaxJar might not be a good investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of all of it. In addition, if you’re finding the entire procedure easy to complete, you might be better to do it by yourself.
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FAQ TaxJar Affiliate
Which areas does TaxJar offer API support?
TaxJar currently supports countries like Australia, 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 with TaxJar to facilitate monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it into USdollars prior to when TaxJar can calculate the tax.
