Taxes are always one of the most difficult things to handle regardless of whether you’re running a business or not. Even more so if you do not have a background in accounting or finance. Tax-related issues can be overwhelming, particularly when your whole day is filled with tasks to complete. In the event that you do not have the funds to hire an accountant, doing it on your own can be dangerous. If you make a mistake and you don’t know it, you may have to redo things again!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So what is the best way to deal with it?
We can make our lives easier by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can benefit you. Although this is quite an extensive read but you’ll be able to assess whether TaxJar is the tool you require today.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
If you prefer to read, let’s dive right in.
What is TaxJar? TaxJar Autofile Charges
Founded in 2013, TaxJar is an application that automatizes your reports, filings, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it across all your channels of sales to ensure that you are in compliance with sales taxes. It simplifies the processes that can take days to complete, and finish within just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is extensively used by online business owners to keep everything simple and organized. Let’s take a look at the features and services offered by TaxJar.
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Services and features
Integration
One of the first things you’ll want to check you have a tax accounting platform perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, you need to ensure that everything is in order. The most important thing is not to be penalized for missing a single minor point.
TaxJar lets you display your critical metrics in one spot. That way, there’s no need to gather data in multiple channels and sort it into one platform. All you have to do is to integrate TaxJar, and the platform will do all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar allows customers to make sales tax filings by hand or using their AutoFile feature. For this review, we’ll take a look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect those sales tools. When the time is right for filing tax returns for income, the team will instruct you on managing them. But, it is up for you and your team to complete everything within the timeframe. TaxJar will only guide you on what you should do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out any forms manually. Through this feature, everything will be automated, from calculating taxes on sales in order to record and process it. But, it is possible to incur additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your team will have access to everything you need, like the list of transactions, reports and information.
The best part about this feature is that they allow you to automatically update every day. They not only let you know how much you’ve collected however, they can also help you determine when your next payment is due.
Their dashboard also allows you to fully view the overall sales taxes in your business. Additionally, you can export the data as a CSV file in case you require it to aid in accounting and financial planning processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all your sales channels. That means you won’t have to hunt for your paperwork when you need them in a pinch. Even even if you already have an accounting firm, the feature will help them be more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your money more efficiently. You’ll be aware of the budget you have available for other operational expenses.
The best part is that TaxJar provides training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. You can look through their webinars, guides, as well as their blog to find more details. Additionally the sales tax calculator should be beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb features, but they can be too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of these choices can provide you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. They claim that it’s the best plan if you need help with filing requirements or reporting. It comes with the tax on sales, four free yearly AutoFiles, and a CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a smaller business manager, the plan will be ideal for you. It might not include all of TaxJar’s features however, it does include the essentials that you need.
In addition, you can reach their support team with their email support chart. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking for different from the basics Professional may be the best option for you. It’s priced at $99 but you can increase it when you add additional features.
So how different is it from the starter plan?
In addition to having access to every one of Starter plan’s features, you also get access to their support via phone, API access, and sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you have a massive business, you might need to opt for the Premium plan instead. It has all of the features you need to make your tax filing easier. Moreover, they allow unlimited import integrations of data as well as Integrations with APIs, teams of users, and AutoFiles.
They also have a staff who are devoted to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Autofile Charges
However, they did say that the plan is custom-made to each user. The cost of the plan will be different depending on what you need to run your business.
Free Trial
Luckily, you don’t have to risk your money to find out if the platform is for you. If you’re still considering different options, they offer 30 days of free trial. It should give you enough time to see whether the software is a good fit for you.
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Pros and Cons
Now that we’ve covered all you need to know about TaxJar let’s take a break. To summarize we’ll go over the advantages and disadvantages of making use of TaxJar to run your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- You can track several sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to 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 can be a great platform companies that have multiple sales channels and uses many platforms. If that sounds like what you do, then you should try this.
Not only can it assist you in keeping track of your revenue and products It can assist you in meeting the deadlines you set. This is also an excellent platform for an accountant since they provide the Tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.
Utilizing TaxJar will help you get more done while keeping on top of each deadline and requirement you have to meet. If you’re living in an area with complex tax laws, this can surely help you wrap your head around it. TaxJar Autofile Charges
If handling your taxes is simple, then TaxJar may be an unnecessary investment. If you have only one or two sales channels, TaxJar won’t be needed to track everything. If you find the entire procedure easy to complete, you might be better to do it by yourself.
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FAQ TaxJar Autofile Charges
What areas does TaxJar offer API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it into US$ prior to when TaxJar determines your tax.
