Taxes have always been among the hardest things to do regardless of whether you’re running an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is packed with things to do. If you don’t have the budget to engage an accountant making it yourself can be risky. If you miss one detail it could mean you need to repeat the process!
Most people want to avoid this step. But , as it’s a requirement, we have no choice.
So , what can we do ?
It is always possible to make life easier with tools such as TaxJar.
Here we’ll take a look at this popular life-saving tool and explain how it can benefit you. Although this is quite an extensive read, you should be able to assess whether TaxJar is exactly what you need today.
Do you prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, let’s get right into it.
What is TaxJar? TaxJar Api Status
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it in all of your sales channels to ensure that you are in compliance with sales taxes. It simplifies the processes that take days to complete and can be completed in a matter of minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is widely used by business owners who run online businesses to make their business more simple and organized. Let’s explore their features and services.
Services and features
One of the most important things you’ll need to ensure is your tax-reporting software perfectly integrates with your sales channel. If you have multiple sales channels, it is essential to keep everything in place. The last thing you want is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your key metrics in one place. So, there’s no need to gather data from different channels and sort it into one platform. All you have to do is integrate TaxJar and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows clients to make sales tax filings manually or through their AutoFile feature. For this review, we’ll look into both.
If you decide to do it manually, TaxJar will allow you to connect all your sales platforms. When it comes time to filing income tax returns, the team will instruct you on managing them. However, it will be up to you and your staff to complete the process in time. TaxJar is only there to provide guidance on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. This feature will ensure that everything will be automated from calculating taxes on sales to recording and processing them. But, it is possible to incur additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your staff will have access to all the information you require, including a list of your transactions, reports, and data.
The most appealing aspect of the feature you’ve chosen is it lets you to update your account automatically each day. Not only will they let you know how much you’ve collected and how much you’ve earned, but they also let you keep track of when the next payment is due.
The dashboard allows you to see the total sales tax for your business. Additionally, you can export your data in CSV format. CSV file, if you want to use it to aid in accounting and financial planning processes or if you require it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep on top of all the channels you sell through. It means you don’t need to search for your documents whenever you’re in the event of a need. Even when you already have your accountant, this function can aid them in being more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have for other operating costs.
What’s more is that TaxJar offers training and tutorials not only for their platform , but also everything that has to do with sales tax. You can look through their webinars, guides, as well as their blog to find more info. In addition, their sales tax calculator can be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. That’s why for this section we’ll examine TaxJar’s pricing structures and the features that each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the most effective plan to help you with filing requirements or reporting. It comes with taxes on sales and sales as well as 4 free yearly AutoFiles, and an CSV import. Even with the starter plan, you can access their AI tax tips.
If you’re a small company proprietor, then this program should be perfect for you. It might not include all of TaxJar’s features but it comes with all the basics you require.
You can also contact their support team with their support chart for email. You’ll also be able to use their integration tools.
If you’re looking to get a bit more than just the basic features Professional could be the one for you. It’s priced at $99 but you can increase it if you add custom features.
How different is it from the basic plan?
In addition to accessing all of the Starter plan’s features, you also get access to their support via phone, API access, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
If you own a huge business, you might need to choose an upgrade instead. It includes all of the features needed to aid in your tax preparation. Moreover, they allow unlimited data import integrations API integrationsfor team members and AutoFiles.
They also have a team dedicated for managing the account. However, they don’t disclose the price of the Premium plan. is going to cost. TaxJar Api Status
However, they did mention that the plan is custom-made to each user. Therefore, the cost will differ according to what you require to run your business.
Luckily, you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still looking into different options, they offer 30 days of free trial. This should give you enough time to determine 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 relax. To summarize Here are the advantages and disadvantages of the use of TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable for USA customers
- It is important for owners and accountants to review local laws
The Final Verdict
With everything laid out, TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then you should try this.
Not only can it help you track the sales and profits of your business It can also help you meet the deadlines you set. It is also a great opportunity for accountants since they offer a Tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can allow you to reduce time and keep track of every deadline and obligation you have to meet. If you live in a place with complicated tax regulations, this will surely help you wrap your head around the subject. TaxJar Api Status
If handling your taxes is simple, then TaxJar could be a waste of investment. If you only have one or two sales channels, TaxJar won’t be needed to track all of it. If you find the entire procedure easy to complete, you might be better to do it on your own.
FAQ TaxJar Api Status
Which areas does TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transactions are in USdollars. If you’re using a different currency, you’ll have to convert it to USdollars before TaxJar determines your tax.