Taxes have always been among the hardest things to do regardless of whether you’re running an enterprise or not. Even more so if you do not have any experience in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is packed with things to do. In the event that you do not have the budget to employ an accountant, performing the task on yourself can be risky. If you overlook one thing it could mean you have to redo things again!
Nearly everyone would prefer 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 with tools such as TaxJar.
This article will take a look at this life-saving device and how it can help you. While this is a long read it is possible to assess whether TaxJar is exactly what you need right now.
Do you prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What is TaxJar TaxJar Alternatives
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. Additionally, you can use it across all of the sales channels you use to make sure you’re in compliance with sales tax requirements. It makes the process simpler that could take days to complete and is completed in just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is extensively used by business owners who run online businesses to make their business more simple and organized. Let’s look into the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to ensure is that your accounting tax platform seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, you need to keep everything in place. The final thing you would like is to be penalized for missing a single minor point.
TaxJar lets you display your key metrics in one place. This means that there is no need to collect data in multiple channels and then organize it on a single platform. All you have to do is to integrate TaxJar, it will handle all the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of platforms that they can connect with:
TaxJar allows clients to file their sales taxes either manually or via their AutoFile feature. In this review, we’ll dig at both.
If you choose to do it manually, TaxJar will allow you to connect all of your sales platforms. When the time is right for filing income tax returns TaxJar will train you on how to manage the tax returns. It is up for you and your team to complete everything on time. TaxJar will only provide guidance on what you have to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out all forms by hand. With this feature, everything is automated, from calculating sales taxes to recording and processing it. However, there might be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting woes. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. From there you and your staff will have access to everything you require, including a list of your transactions, reports, and data.
The most appealing aspect of this option is the fact that they allow you to automatically update every day. Not only will they let to know the amount you’ve collected however, they can also help you track when your following payment is due.
The dashboard allows you to see the total sales tax in your business. You can also export the information to CSV format. CSV file in case you require it to aid in financial planning and accounting processes or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep track of all of the sales avenues you use. It means you don’t need to scramble for your documents when you need them in the event of a need. Even even if you already have an accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll be aware of the budget you have for other operating costs.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just on their platform, but all things related to sales tax. Check out their webinars, guides, and blog for more information. Additionally their sales tax calculator is useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing levels and the features that each of these choices can provide you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan starts at $19. They claim that it’s the best plan if you need help in filing and reporting. It includes the tax on sales, four free yearly AutoFiles, and a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a smaller company proprietor, then this program will be ideal for you. It may not have all the features offered by TaxJar however, it does include the basic features you require.
In addition, you can reach the support team via their email support chart. You’ll also be able to use their integration features.
If you’re looking to get a bit more than just the basics and options, then the Professional plan could be the one for you. It’s priced at $99 but you can increase it when you add additional features.
So how different is it from the basic plan?
In addition to having access to every one of Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive business, you might need to choose premium plans instead. It includes all of the features needed to help with your taxes. Additionally, they permit unlimited import integrations of data API integrationsfor team members, and AutoFiles.
They also have a team dedicated in managing your accounts. But, they don’t divulge how much the Premium plan is going to cost. TaxJar Alternatives
However, they did say that this plan is customized for every user. So the costs will vary according to what you require 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 different options, they offer a 30-day free trial. This should give you enough time to determine whether the software is an excellent fit for you.
Pros and Cons
Now that we’ve covered all you must know about TaxJar Let’s relax. To sum it all up we’ll go over the pros and cons of making use of TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to businesses with multiple sales channels and uses numerous platforms. If that sounds like what you do, then you ought to try this.
Not only can it aid in tracking your revenue and products, but it can assist you in meeting your deadlines. It is also a great option for accountants as they offer tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
Utilizing TaxJar can allow you to reduce time and keep on top of each deadline and requirement you have to meet. If you’re in a region with a lot of tax regulations, this will certainly help you to get your head around the subject. TaxJar Alternatives
But if handling your taxes is simple and straightforward, then TaxJar might not be a good investment. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you find the whole process easy to do, you might be better off doing it on your own.
FAQ TaxJar Alternatives
What are the areas in which TaxJar offer API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transactions are in USdollars. If you’re using a different currency, you’ll have to convert it to US$ before TaxJar will calculate your tax.