Taxes have always been one of the most difficult tasks to complete, whether you’re running your own business or not. Even more so if you do not have a degree in accounting or finance. Tax-related work aren’t easy, particularly when you’re full of things to be done. If you don’t have the funds to engage an accountant doing it on your own could be dangerous. If you make a mistake it could mean you have to do it all over again!
Almost everyone wants to skip this step. But , as it’s a requirement and mandatory, there’s no other choice.
So what can we do ?
We can make our lives easier by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving device and how it can help you. Although this is quite an extensive read but you’ll be able to gauge whether TaxJar is the tool you require in the present.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar? TaxJar Alternative
Founded in 2013, TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. Additionally, you can use it across all the sales channels you use to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by business owners who run online businesses to ensure that everything is simple and organized. Let’s take a look at the benefits and features of TaxJar.
Features and services
One of the most important things you’ll want to check you have a tax accounting system seamlessly works well along with sales funnels. If you’re using 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. This means that there is no need to gather data in multiple channels and sort it into one platform. All you have to do is to integrate TaxJar, and the platform will do the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar allows clients to submit their sales tax either manually or via TaxJar’s AutoFile feature. In the purpose of this article, we’ll take a look at both.
If you decide to do it manually, TaxJar will allow you to connect all of the sales channels you use. When the time is right for the filing of income tax returns TaxJar will train you on how to manage these. But, it is up to you and your team members to complete the process on time. TaxJar is there to provide guidance on what you have to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. This feature will ensure that everything will be automated from calculating sales taxes through recording, and then processing it. However, there might be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform you and your staff can access everything you need, like the list of transactions, reports, and data.
The most appealing aspect of this feature is that it lets you to automatically update every day. They not only let to know the amount you’ve collected and how much you’ve earned, but they also let you determine when your next payment is due.
The dashboard allows users to view in detail the sales tax totals in your business. Additionally, you can export the information as a CSV file if you need it for your process of financial planning and accounting or if you require it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of your sales channels. It means you don’t need to hunt for your paperwork when you need them in a pinch. Even when you already have your accountant, this feature can aid them in being more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will help you plan your funds more effectively. You’ll know exactly how much budget you have for other operational costs.
The best part is that TaxJar provides training and tutorials, not just for their platform , but also for anything related to sales tax. You can check out their webinars, guides, and blog for more info. In addition, their sales tax calculator can be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing levels and what each of these plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. They say it’s the best plan to help you with filing requirements or reporting. It includes the tax on sales, 4 annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you have access to their AI tax advice.
If you’re a small business proprietor, then this program will be perfect for you. It may not offer all of TaxJar’s features however, it does include the essentials that you need.
In addition, you can reach the support team via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for something that is more than the basic features and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it if you add custom features.
So how different is it from the starter plan?
Apart from having access to every one of Starter plan’s features, you also have the support of their customer service via phone, API access, and advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
If you run a large company, you may need to opt for an upgrade instead. It has all of the features you need to make your tax filing easier. In addition, they offer unlimited import integrations of data, Integrations with APIs, teams of users and AutoFiles.
There is also a team dedicated in managing your accounts. However, they don’t disclose the price of the Premium plan. is going to cost. TaxJar Alternative
However, they did say that the plan is custom-made for each user. So the costs will vary depending on what you need for your company.
Luckily, 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 30 days of free trial. It should give you enough time to determine whether the software is a good fit for you.
Pros and Cons
We’ve covered everything you must be aware of TaxJar Let’s relax. In order to sum up the whole thing, here are the advantages and disadvantages of the use of TaxJar to run your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies with multiple sales channels and uses numerous platforms. If that’s what you’re doing, then you ought to try this.
Not only will it assist you in keeping track of the sales and profits of your business however, it will help you meet your deadlines. It is also a great opportunity for accountants since they offer tax Advisor program. There are tips to follow and learn from their sessions on taxes by using it.
The use of TaxJar can allow you to get more done while keeping on top of each deadline and requirement you have to fulfill. If you live in a place with complicated tax regulations, this will surely help you wrap your head around it. TaxJar Alternative
If handling taxes is easy and straightforward, then TaxJar may be an unnecessary expense. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of everything. If you’re finding the entire process easy to do then you’re better in doing it all on your own.
FAQ TaxJar Alternative
Which areas does TaxJar offer API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it into US$ before TaxJar will calculate the tax.