Taxes have always been among the most difficult things to handle regardless of whether you’re running an enterprise or not. Even more so if you do not have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re full of things to be done. When you’re not able to afford the funds to hire an accountant, performing the task on yourself can be risky. If you make a mistake and you don’t know it, you may have to do it all over again!
Almost everyone wants to avoid this step. However, since it’s mandatory and mandatory, there’s no other choice.
What can we do about it?
We can make life easier by using tools like TaxJar.
This article will take a look at this popular life-saving tool and how it can benefit you. While this is a long read but you’ll be able to assess whether TaxJar is what you need today.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What is TaxJar? TaxJar Api Microsoft Access 2021
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. TaxJar is a solution to the entire life cycle. Additionally, you can use it in all of your sales channels to make sure you’re in compliance with sales taxes. It makes the process simpler that could require days to complete and can be completed in a matter of just a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is extensively used by business owners who run online businesses to ensure that everything is organized and straightforward. Let’s explore their features and services.
Services and features
One of the most important things you’ll want to check is your tax-reporting software is compatible in conjunction with the sales channels you use. If you have multiple sales channels, you need to ensure that everything is in order. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar lets you display your most important metrics in one place. This means that there is no requirement to collect data from different channels and organize it into a single platform. All you need to do is connect TaxJar and the platform will do all the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms they can integrate with:
TaxJar lets customers file their sales taxes by hand or using their AutoFile feature. In our review we’ll dig into both.
If you choose to go it alone, TaxJar will allow you to connect all of your sales platforms. Once the time comes for filing income tax returns The team will guide you on managing the tax returns. However, it will be up for you and your team members to complete everything on time. TaxJar is there to guide you on what you have to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. This feature will ensure that everything is automated, from calculating sales tax in order to record and process it. However, there might be extra fees if not part of the plan you choose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be put together into a single dashboard through this platform. Once you’re on the platform, you and your team can access everything you require, including an inventory of your transactions, reports, and data.
The greatest benefit of this option is the fact that they allow you to automatically update every day. Not only can they help you keep track of how much you’ve collected however, they can also help you keep track of when the next payments are due.
Their dashboard also allows users to view in detail the sales tax totals for your business. It is also possible to export your data in CSV format. CSV file in case you require it to aid in process of financial planning and accounting or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep track of all of the channels you sell through. This means that you don’t have to search for your documents when you’re when you’re in a pinch. Even when you already have your accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your funds better. You’ll be aware of the budget you have to cover other operating costs.
But what’s even better is that TaxJar offers tutorials and training, not just on their platform, but all things that has to do with sales tax. You can check out their guides, webinars, or blog posts for additional info. Additionally the sales tax calculator is useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing levels and what each of these options can offer you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements and reporting. It comes with sales tax reporting, 4 annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller business proprietor, then this program could be perfect for you. It may not have all the features offered by TaxJar however, it does include the essentials that you need.
In addition, you can reach their customer support via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking for that is more than the basic features, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
What is the difference from the original plan?
In addition to accessing each of Starter plan’s features, you also get access to the support of their customer service via phone, API access, and advanced CSV import. They also allow you to have 12 free AutoFiles each year.
If you run a large business, you might need to go for premium plans instead. It includes all of the features needed to help with your taxes. Additionally, they permit unlimited data import integrations as well as API integrationsfor team members and AutoFiles.
They also have a team who are devoted for managing the account. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Api Microsoft Access 2021
But they did state that this plan is customized to each user. So the costs will vary in line with what you require for your business.
It’s a good thing that you don’t have to bet your life on it to find out if the platform is for you. If you’re still considering other options, they have a 30-day free trial. This 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 need to be aware of TaxJar let’s take a break. To sum it all up we’ll go over the pros and cons of the use of TaxJar to run your business.
- Has the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms
- It allows you to monitor 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 to USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for businesses with many sales channels and utilizes numerous platforms. If that sounds like what you do, then you ought to try this.
Not only can it aid in tracking the sales and profits of your business It can assist you in meeting your deadlines. This is also an excellent option for accountants as they have tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Using TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to fulfill. If you’re in a region with a lot of tax regulations, this will surely help you wrap your mind around it. TaxJar Api Microsoft Access 2021
However, if managing taxes is easy and straightforward, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. In addition, if you find the whole process easy to do, you might be better in doing it all by yourself.
FAQ TaxJar Api Microsoft Access 2021
Which areas does TaxJar offer API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transaction amounts are n US$. If you’re using a different currency, you will need to convert it into USdollars prior to when TaxJar can calculate the tax.