Taxes are always one of the hardest things to do, whether you’re running a business or not. More so if you don’t have any experience in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. If you don’t have the funds to hire an accountant, making it yourself can be risky. If you miss one detail and you don’t know it, you may have to do it all over again!
Almost everyone wants to avoid this step. But since it’s required, we have no choice.
What is the best way to deal with it?
We can always make life easier by using tools like TaxJar.
This article will take a look at this popular life-saving tool and how it can help you. Even though this is an extensive read it is possible to assess whether TaxJar is what you need right now.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, let’s get right into it.
What is TaxJar TaxJar Api V1 Javaacript
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all of your sales channels to ensure that you are in compliance with your sales taxes. It streamlines processes that can take days to complete, and finish within minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is used extensively by online business owners to ensure that everything is simple and organized. Let’s explore the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to ensure is your tax-reporting platform perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your most important data in one location. That way, there’s no need to gather data from different channels and organize it into one platform. All you need to do is connect TaxJar, it will do the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms they can integrate with:
TaxJar lets customers file their sales taxes by hand or using their AutoFile feature. For the purpose of this article, we’ll dig at both.
If you decide to go it alone, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing tax returns for income TaxJar will train you on how to manage these. It is up to you and your team members to complete everything on time. TaxJar will only guide you on what you have to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out all forms by hand. With this feature, everything will be automated from calculating sales taxes to recording and processing it. But, it is possible to incur extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with 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 team can access everything you need, like the list of transactions, reports, as well as information.
The greatest benefit of this feature is that they allow you to update automatically every day. Not only will they let you keep track of how much you’ve accumulated however, they can also help you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the sales tax totals in your business. It is also possible to export the data in a CSV file if you need it for your financial planning and accounting processes or if you require it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep the track of all the channels you sell through. That means you won’t have to search for your documents when you need them in a pinch. Even even if you already have an accountant, this function will make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your money more efficiently. You’ll be aware of the budget you have available for other operating costs.
But what’s even better is that TaxJar provides training and tutorials, not just for their platform but all things related to sales tax. You can check out their webinars, guides as well as their blog to find more details. In addition the 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 provide amazing features, but they can be too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing structures and what each of these options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. The company claims that it’s the most suitable plan for you if you need help in filing and reporting. It includes taxes on sales and sales as well as 4 autofiles for free each year, and an CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small business owner, this plan will be ideal for you. It may not have all of TaxJar’s features however, it does include all the basics you require.
You can also contact their support team with their email support chart. You’ll also be able to use their integration features.
If you’re looking for something that is more than the standard features Professional might be the right one for you. It starts at $99, however, it could go up by adding custom features.
How different is it from the starter plan?
In addition to having access to all of the Starter plan’s options, you also have access to their phone customer support, API access, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
If you have a massive enterprise, you may want to choose premium plans instead. It has all of the features you need to make your tax filing easier. In addition, they offer unlimited integrations with data imports, API integrationsfor team members as well as AutoFiles.
They also have a staff dedicated in managing your accounts. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Api V1 Javaacript
But they did state that the plan is custom-made for every user. The cost of the plan will be different in line with what you require for your business.
Luckily, you don’t have to gamble your money just to determine if this service is right for you. If you’re still looking into different options, they offer a 30-day free trial. This should give you enough time to see whether the service is the right choice for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar Let’s relax. To summarize, here are the pros and cons of making use of TaxJar to run your business.
- Has a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- 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
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable for USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then should try this.
It’s not just a way to aid in tracking your revenue and products, but it can also help you meet your deadlines. This is also an excellent platform for an accountant since they have tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar can allow you to reduce time and keep track of every deadline and requirement you have to meet. If you live in a place with complicated tax laws, this will definitely help you get your mind around it. TaxJar Api V1 Javaacript
But if handling your taxes is simple If it isn’t, then TaxJar might not be a good investment. If you have only one or two channels for sales, TaxJar won’t be needed to track everything. If you’re finding the entire procedure simple to follow, you might be better in doing it all on your own.
FAQ TaxJar Api V1 Javaacript
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to 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 cannot convert currency values. The transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it to USdollars prior to when TaxJar can calculate the tax.