Taxes have always been one of the most difficult tasks to complete regardless of whether you run your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have enough money to employ an accountant, doing it on your own can be risky. If you overlook one thing and you don’t know it, you may have to redo things again!
Most people want to skip this step. However, since it’s mandatory to be done, we can’t choose not to.
What can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can assist you. Even though this is a long read, you should be able to assess whether TaxJar is the tool you require in the present.
Prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar? TaxJar Am I Enrolled In Autofile? Which State Are You Autofiling For Me?
Founded in 2013, TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It is a solution for your entire sales tax life 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 streamlines processes that can take days to complete, and finish within just a few minutes.
TaxJar has been used 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 business owners who run online businesses to ensure that everything is neat and simple. Let’s look into their features and services.
Services and features
One of the first things you’ll need to ensure is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you need to maintain everything in line. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar allows you to display your critical data in one location. That way, there’s no need to collect information from multiple sources and organize it into a single platform. All you need to do is connect 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 platforms that they can connect with:
TaxJar allows clients to make sales tax filings by hand or using TaxJar’s AutoFile feature. For this review, we’ll take a look into both.
If you choose to go it alone, TaxJar will allow you to connect your sales platforms. When it comes time to the filing of income tax returns, the team will instruct you on managing them. However, it will be up to you and your team to complete the process in time. TaxJar is only there to guide you on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out any forms manually. This feature will ensure that everything will be automated from calculating sales tax to recording and processing it. 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 help you with your accounting problems. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there, you and your team can access everything you require, including the list of transactions, reports and the data.
The best part about the feature you’ve chosen is it lets you to update your account automatically each day. They not only let to know the amount you’ve collected and how much you’ve earned, but they also let you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the overall sales taxes in your business. You can also export the data to CSV format. CSV file if you need it in 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. That means you won’t have to search for your documents when you need them when you’re in a pinch. Even even if you already have an accounting firm, the feature will aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your funds better. You’ll know exactly how much budget you have available for other operating expenses.
The best part is that TaxJar provides training and tutorials and tutorials, not just for their platform but for anything related to sales tax. You can check out their webinars, guides, as well as their blog to find more details. Apart from that, their sales tax calculator should be useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing structures and what each of those options can offer you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. The company claims that it’s the best plan to help you with filing requirements and reporting. It also includes taxes on sales and sales as well as 4 free yearly AutoFiles, and an CSV import. With the starter plan, you can access their AI tax recommendations.
If you’re a small business proprietor, then this program should be ideal for you. It may not offer all of TaxJar’s features, but it has the basic features you require.
Additionally, you can contact their customer support via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking to get a bit more than just the basic features Professional might be the right one for you. It’s priced at $99 but you can increase it if you add custom features.
What is the difference from the starter plan?
Apart from having access to all of the Starter plan’s options, you also have access to their support via phone access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you run a large enterprise, you may want to choose premium plans instead. It has all of the features needed to help with your taxes. Moreover, they allow unlimited data import integrations, API integrationsfor team users, and AutoFiles.
There is also a team dedicated to managing your account. They don’t reveal the price of the Premium plan. will cost you. TaxJar Am I Enrolled In Autofile? Which State Are You Autofiling For Me?
However, they did mention that this plan is tailor-fit to each user. The cost of the plan will be different depending on what you need for your company.
Luckily, you don’t have to bet your life on it to find out if the platform is right for you. If you’re still looking into various options, they provide a 30-day free trial. This should be enough time to gauge whether the service is a good fit for you.
Pros and Cons
We’ve covered everything you need to be aware of TaxJar let’s take a breather. To sum it all up Here are the advantages and disadvantages of making use of TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator
- Has 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
- Certain countries will not have access to the API feature
- Only applicable to USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform businesses with multiple sales channels and uses numerous platforms. If that sounds like what you’re doing, then you must try TaxJar.
Not only can it help you track your revenue and products It can assist you in meeting the deadlines you set. This is also an excellent option for accountants as they provide the Tax Advisor program. You can get tips and get knowledge from their seminars about taxes through it.
Utilizing TaxJar will help you get more done while keeping the track of each deadline and requirement you have to meet. If you’re in an area with complex tax regulations, this will surely help you wrap your mind around it. TaxJar Am I Enrolled In Autofile? Which State Are You Autofiling For Me?
If handling your taxes is simple If it isn’t, then TaxJar might not be a good expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better to do it on your own.
FAQ TaxJar Am I Enrolled In Autofile? Which State Are You Autofiling For Me?
What are the areas in which TaxJar offer API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transaction amounts are n US$. If you’re using another currency, you will need to convert it into USUSD before TaxJar can calculate the tax.