Taxes have always been among the most difficult tasks to complete regardless of whether you run an enterprise or not. Particularly if you don’t have any experience in finance or accounting. Tax-related tasks can be overwhelming, particularly when you’re filled with tasks to complete. If you don’t have enough money to engage an accountant making it your own can be risky. If you make a mistake, you might have to do it all over again!
Most people want to avoid this step. However, since it’s mandatory and mandatory, there’s no other choice.
So , what can we do ?
We can always make life easier with tools such as TaxJar.
Here we’ll take a look at this life-saving tool and how it can help you. Even though this is lengthy but you’ll be able to determine if TaxJar is the tool you require right now.
Do you prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
For those who like to read, then let’s dive right in.
What is TaxJar? TaxJar Autofile Exempt
The company was founded in 2013 TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It is a solution for the entire life cycle. Furthermore, you can utilize it in all of the sales channels you use to make sure you’re in compliance with sales tax requirements. It streamlines processes that take days to complete and finish within minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to keep everything simple and organized. Let’s explore the benefits and features of TaxJar.
Features and services
One of the first things you’ll want to check is that your accounting tax software perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, it is essential to keep everything in place. The last thing you want is to be penalized for not paying attention to a minor thing.
TaxJar allows you to show your most important data in one location. This means that there is no requirement to collect data in multiple channels and sort it into one platform. All you need to do is to integrate TaxJar, it will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows clients to make sales tax filings manually or through the AutoFile feature. In this review, we’ll take a look into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When it comes time to filing income tax returns TaxJar will train you on managing them. But, it is up to you and your staff to complete the process within the timeframe. TaxJar is only there to help you understand what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated from calculating sales tax through recording, and then processing them. But, it is possible to incur additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. From there, you and your team will have access to everything you need, such as an inventory of your transactions, reports, and the data.
The best part about the feature you’ve chosen is they allow you to update automatically every day. Not only will they let you know how much you’ve accumulated however, they can also help you keep track of when the next payment is due.
The dashboard allows users to view in detail the sales tax totals for your business. You can also export your data to CSV format. CSV file in case you require it to aid in process of financial planning and accounting or if you require it for central reporting.
Streamlining and Training
TaxJar helps organize and keep track of all of the sales avenues you use. It means you don’t need to hunt for your paperwork when you’re when you’re in a pinch. Even when you already have your accountant, this function will make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have available for other operating expenses.
But what’s even better is that TaxJar offers training and tutorials not only for their platform , but also for anything related to sales tax. Check out their guides, webinars, and blog for more info. Additionally their sales tax calculator is beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing tiers and the features that each of these plans can offer. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan starts at $19. They claim that it’s the most suitable plan for you to help you with filing requirements or reporting. It comes with taxes on sales and sales as well as 4 free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a smaller company owner, this plan should be ideal for you. It may not offer all the features offered by TaxJar but it comes with the basic features you require.
Additionally, you can contact the support team via their support chart for email. You’ll also be able to use their integration tools.
If you’re looking for a bit more than just the basic features, then the Professional plan could be the one for you. It starts at $99, but it can go higher if you add custom features.
How different is it from the starter plan?
In addition to accessing each of Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive business, you might need to choose an upgrade instead. It has all of the features needed to help with your taxes. Additionally, they permit unlimited data import integrations as well as API integrations, team users, and AutoFiles.
They also have a team that is devoted in managing your accounts. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Autofile Exempt
However, they did say that the plan is custom-made for every user. So the costs will vary in line with what you require for your company.
Luckily, you don’t have to risk your money to see if this platform is for you. If you’re still considering various options, they provide a 30-day free trial. This should be enough time to determine if the platform is the right choice for you.
Pros and Pros and
After we’ve gone over everything you must be aware of TaxJar Let’s relax. In order to sum up the whole thing we’ll go over the pros and cons of making use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- 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
- Some countries won’t be able to access the API feature.
- Only applicable to USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform businesses with multiple sales channels and uses plenty of platforms. If this sounds like the way you do, then you should try this.
It’s not just a way to aid in tracking your products and revenue, but it can help you meet your deadlines. It is also a great opportunity for accountants since they offer a Tax Advisor program. There are tips to follow and learn from their sessions on taxes by using it.
Utilizing TaxJar can allow you to get more done while keeping on top of each deadline and obligation you have to meet. If you live in an area with complex tax laws, this can definitely help you get your head around it. TaxJar Autofile Exempt
But if handling your taxes is straightforward, 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. In addition, if you’re finding the entire process easy to do then you’re better off doing it by yourself.
FAQ TaxJar Autofile Exempt
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it to US$ before TaxJar determines your tax.