Taxes have always been one of the hardest things to do regardless of whether you’re running an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford the budget to engage an accountant making it your own can be risky. If you make a mistake it could mean you need to repeat the process!
Most people want to skip this step. However, since it’s mandatory and mandatory, there’s no other choice.
What can we do ?
We can simplify our lives by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving tool and explain how it can assist you. While this is an extensive read but you’ll be able to determine if TaxJar is 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 review of the features offered by TaxJar.
But for those who prefer to read, let’s dive right in.
What is TaxJar TaxJar Atlanta
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it in all of your channels of sales to make sure you’re in compliance with sales tax requirements. It streamlines processes that can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is extensively used by online business owners to make their business more organized and straightforward. Let’s explore their features and services.
Services and features
One of the most important things you’ll need to ensure you have a tax accounting software perfectly integrates with your sales channel. If you’re using multiple sales channels, you must keep everything in place. The last thing you want is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your key data in one location. So, there’s no need to collect information from multiple sources and sort it into one platform. All you need to do is to integrate TaxJar then the system will handle the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms that they can connect with:
TaxJar lets customers file their sales taxes either manually or via TaxJar’s AutoFile feature. In our review we’ll dig into both.
If you opt to go it alone, TaxJar will allow you to connect all of your sales platforms. When the time is right for the filing of income tax returns TaxJar will train you on how to handle these. It is up to you and your team members to finish the tax returns within the timeframe. TaxJar will only guide you on what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. With this feature, everything is automated, from calculating sales taxes in order to record and process them. However, there might be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to assist you with your accounting issues. The orders you place through your online channels can be combined into one dashboard using this platform. Once you’re on the platform you and your staff will have access to all the information you need, such as an inventory of your transactions, reports, and information.
The best part about this option is the fact that it lets you to update your account automatically each day. Not only can they help you keep track of how much you’ve collected, but they also help you track when your following payment is due.
The dashboard allows you to fully view the total sales tax for your business. It is also possible to export your data in the form of a CSV file in case you require it for your financial planning and accounting processes or if your team requires it for central reporting.
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 hunt for your paperwork whenever you’re in a pinch. Even when you already have your accounting firm, the feature will aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance can help you allocate your funds better. You’ll know better how much budget you have to cover other operating expenses.
The best part is that TaxJar offers training and tutorials, not just for their platform but everything related to sales tax. 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 take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb features, but they can be too costly for your business. For this reason we’ll take a look at TaxJar’s pricing structures and the features that each of these plans can offer. Currently, 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 for those who need assistance in filing and reporting. It also includes taxes on sales and sales as well as 4 autofiles for free each year, and the option of a CSV import. With the starter plan, you will be able to access their AI tax recommendations.
If you’re a small-scale company owner, this plan could be ideal for you. It might not include all the features of TaxJar but it comes with all the basics you require.
You can also contact their customer support via their email support chart. You’ll also have access to their integration features.
If you’re looking to get a bit more than just the basics, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher when you add additional features.
So how different is it from the basic plan?
Apart from having access to every one of Starter plan’s features, you also get access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge company, you may need to opt for an upgrade instead. It comes with all the features needed to help with your taxes. Moreover, they allow unlimited data import integrations as well as API integrations, team users and AutoFiles.
There is also a team that is devoted in managing your accounts. They don’t reveal the price of the Premium plan. will cost you. TaxJar Atlanta
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 to run your business.
Luckily, you don’t have to risk your money to determine if this service is the right one for you. If you’re still looking into various options, they provide 30 days of free trial. It should give you enough time to determine whether the service is an excellent fit for you.
Pros and Cons
After we’ve gone over everything you need to know about TaxJar let’s take a breather. To summarize, here are the advantages and disadvantages of making use of TaxJar for your company.
- Has the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Has support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid out, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes plenty of platforms. If that’s what you’re doing, then should try this.
Not only can it aid in tracking your revenue and products It can assist you in meeting your deadlines. It’s also an excellent opportunity for accountants since they provide tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar will help you reduce time and keep on top of each deadline and obligation you have to meet. If you live in a place with complicated tax laws, this can certainly help you to get your head around the subject. TaxJar Atlanta
However, if managing your taxes is straightforward If it isn’t, then TaxJar might not be a good expense. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you find the entire procedure easy to complete then you’re better in doing it all on your own.
FAQ TaxJar Atlanta
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions’ amounts are in USdollars. If you’re using another currency, you’ll have to convert it into USdollars before TaxJar will calculate the tax.