Taxes have always been among the most difficult tasks to complete regardless of whether you’re running your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related work aren’t easy, particularly when your whole day is full of things to be done. If you don’t have enough money to engage an accountant performing the task on your own could be risky. If you make a mistake and you don’t know it, you may need to repeat the process!
Almost everyone wants to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what can we do ?
We can make life easier by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and explain how it can benefit you. While this is a long read it is possible to determine if TaxJar is the tool you require right now.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, we’ll dive right into.
What exactly is TaxJar? TaxJar Avalara
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 all aspects of your sales tax cycle. Additionally, you can use it across all your sales channels to make sure you’re in compliance with your sales taxes. It streamlines processes that require days to complete and is completed in just a few just a few 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 widely used by business owners who run online businesses to ensure that everything is organized and straightforward. Let’s take a look at the benefits and features of TaxJar.
Features and services
One of the most important things you’ll need to ensure you have a tax accounting software seamlessly works well along with sales funnels. If you’re using multiple sales channels, it is essential to maintain everything in line. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to show your most important metrics in one place. That way, there’s no requirement to collect data in multiple channels and then organize it on one platform. All you have to do is integrate TaxJar then the system will take care of 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 that they can connect with:
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. For the purpose of this article, we’ll take a look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect your sales platforms. When it comes time to filing tax returns for income, the team will instruct you on managing these. But, it is up for you and your staff to complete the process in time. TaxJar is only there to guide you on what you have to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out all forms by hand. This feature will ensure that everything will be automated from calculating taxes on sales to recording and processing them. There could be additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard via this platform. From there you and your staff will have access to all the information you need, such as the list of transactions, reports, and information.
The best part about the feature you’ve chosen is it allows you to update automatically every day. They not only let to know the amount you’ve collected however, they can also help you determine when your next payments are due.
The dashboard allows you to see the total sales tax within your company. Additionally, you can export your data to the form of a CSV file, if you want to use it in your process of financial planning and accounting or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep the track of all your sales channels. It means you don’t need to search for your documents when you’re in the event of a need. Even when you already have your accountant, this feature can help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have to cover other operating costs.
The best part is that TaxJar offers training and tutorials 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 details. In addition their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of those choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. They claim that it’s the best plan if you need help with filing requirements or reporting. It includes the tax on sales, four annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a small-scale business manager, the plan will be ideal for you. It may not have all the features offered by TaxJar however, it does include the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also have access to their integration tools.
If you’re looking for something that is more than the standard features and options, then the Professional plan might be the right one for you. It’s priced at $99 but you can increase it if you add custom features.
So how different is it from the original plan?
In addition to accessing each of Starter plan’s features, you also have their support via phone, API access, and advanced CSV import. They also allow you to have 12 free AutoFiles each year.
If you have a massive business, you might need to opt for premium plans instead. It has all of the features needed to help with your taxes. Additionally, they permit unlimited integrations with data imports, Integrations with APIs, teams of members as well as AutoFiles.
They also have a team who are devoted in managing your accounts. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Avalara
However, they did say that the plan is custom-made for every user. So the costs will vary depending on what you need for your business.
Luckily, you don’t have to bet your life on it to see if this platform is right for you. If you’re still considering other options, they have a 30-day free trial. It should give you enough time to determine if the platform is an excellent fit for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar Let’s relax. To sum it all up we’ll go over the pros and cons of using TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Has 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
- You can track several 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 to USA customers
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid down, TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes numerous platforms. If that sounds like what you’re doing, then you must try TaxJar.
Not only will it assist you in keeping track of the sales and profits of your business, but it can assist you in meeting the deadlines you set. It’s also an excellent platform for an accountant since they have the Tax Advisor program. You can get tips and learn from their sessions about taxes through it.
Using TaxJar will help you reduce time and keep track of every deadline or requirement you need to meet. If you’re living in a place with complicated tax laws, this can certainly help you to get your mind around it. TaxJar Avalara
If handling your taxes is straightforward If it isn’t, then TaxJar might not be a good expense. If you only have one or two channels of sales, TaxJar won’t be needed to track all of it. If you find the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it on your own.
FAQ TaxJar Avalara
What areas does TaxJar provide API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into 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 doesn’t convert currencies. All of the transactions’ amounts are in US$. If you’re using a different currency, you will need to convert it to US$ prior to when TaxJar will calculate the tax.