Taxes have always been among the hardest things to do, whether you’re running an enterprise or not. Particularly if you don’t have a degree in accounting or finance. Tax-related work aren’t easy, particularly when you’re packed with things to do. In the event that you do not have the budget to engage an accountant making it your own could be risky. If you miss one detail it could mean you have to do it all over again!
Most people want to skipping this step. But , as it’s a requirement, we have no choice.
So what can we do ?
We can make life easier by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and explain how it can help you. Even though this is an extensive read, you should be able to assess whether TaxJar is what you need right now.
Are you looking video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, then we’ll dive right into.
What exactly is TaxJar? TaxJar Autofile Alternative
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. In addition, you can apply it in all of the sales channels you use to ensure that you are in compliance with sales taxes. It streamlines processes that require days to complete and is completed in just a few just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is neat and simple. Let’s look into the features and services offered by TaxJar.
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Features and services
Integration
One of the most important things you’ll need to make sure you have a tax accounting platform seamlessly works well with your sales channel. If you’re selling through multiple channels, you must maintain everything in line. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your critical metrics in one place. That way, there’s no need to collect data from different channels and organize it into a single platform. All you need to do is to integrate TaxJar and the platform will do the rest.
Other than that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms they are able to integrate with:
Filing
TaxJar allows clients to submit their sales tax manually or through TaxJar’s AutoFile feature. In the purpose of this article, we’ll take a look into both.
If you decide to do it manually, TaxJar will allow you to connect all of the sales channels you use. When the time is right for the filing of income tax returns TaxJar will train you on how to manage the tax returns. But, it is up to you and your staff to finish the tax returns within the timeframe. TaxJar is only there to guide you on what you should do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out the forms in a manual manner. This feature will ensure that everything is automated, from calculating taxes on sales through recording, and then processing them. There could be additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to assist you with your accounting problems. The orders you place through your online channels can be compiled into a single dashboard via this platform. Once you’re on the platform, you and your team will have access to everything you require, including the list of transactions, reports, and information.
The greatest benefit of this option is the fact that it allows you to automatically update every day. Not only can they help you know how much you’ve earned, but they also help you determine when your next payment is due.
Their dashboard can also allow users to view in detail the total sales tax for your business. You can also export the information to a CSV file, if you want to use it to aid in 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. This means that you don’t have to scramble for your documents whenever you’re in the event of a need. Even when you already have your accounting firm, the feature can 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 know better how much budget you have to cover other operating costs.
What’s more is that TaxJar offers tutorials and training not only on their platform, but all things related to sales tax. You can check out their guides, webinars, as well as their blog to find more info. Apart from that their sales tax calculator can be beneficial when you’re planning to do everything on your own.
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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 costly for your business. This is why in this section we’ll examine TaxJar’s pricing structures and what each of those choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They say it’s the most suitable plan for you for those who need assistance in filing and reporting. It also includes sales tax reporting, four autofiles for free each year, and an CSV import. Even with the basic plan, you will be able to access their AI tax advice.
If you’re a small-scale company owner, this plan will be ideal for you. It might not include all the features offered by TaxJar however, it does include the essentials that you need.
Additionally, you can contact their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking to get a bit more than just the standard features, then the Professional plan may be the best option for you. The price starts at $99 but it can go higher if you add custom features.
How different is it from the original plan?
In addition to having access to all of the Starter plan’s features, you also have the support of their customer service via phone, API access, and sophisticated CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you have a massive business, you might need to opt for an upgrade instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of members as well as AutoFiles.
They also have a staff who are devoted to managing your account. However, they don’t disclose the amount that the Premium plan costs you. TaxJar Autofile Alternative
But they did state that the plan is custom-made for every user. The cost of the plan will be different depending on what you need to run your business.
Free Trial
Fortunately, you don’t need to risk your money to see if this platform is right for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. This should be enough time to see whether the service is a good fit for you.
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Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar Let’s relax. To summarize we’ll go over the advantages and disadvantages of making use of TaxJar to run your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out TaxJar is an excellent platform for companies with multiple sales channels and uses many platforms. If that’s what you’re doing, then you should try this.
Not only will it assist you in keeping track of the sales and profits of your business however, it will help you meet your deadlines. It is also a great opportunity for accountants since they have a Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
Using TaxJar will help you get more done while keeping on top of each deadline and requirement you have to fulfill. If you’re living in a region with a lot of tax laws, this will definitely help you get your head around it. TaxJar Autofile Alternative
But if handling taxes is easy and straightforward, then TaxJar could be a waste of investment. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you’re finding the entire procedure simple to follow then you’re better in doing it all by yourself.
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FAQ TaxJar Autofile Alternative
Which areas does TaxJar provide API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transactions are in US$. If you’re using another currency, you’ll need to convert it to US$ before TaxJar will calculate your tax.
