Taxes have always been among the hardest things to do regardless of whether you’re running an enterprise or not. Particularly if you don’t have a background in finance or accounting. Tax-related issues aren’t easy, particularly when your whole day is filled with tasks to complete. When you’re not able to afford the budget to employ an accountant, performing the task on your own can be risky. If you overlook one thing and you don’t know it, you may need to repeat the process!
Most people want to avoid this step. However, since it’s mandatory, we have no choice.
So what can we do about it?
We can always simplify our lives by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and explain how it can help you. Even though this is a long read it is possible to determine if TaxJar is exactly what you need in the present.
Do you prefer watching videos rather than watch them? Watch 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 let’s dive right in.
What is TaxJar? TaxJar Az
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it in all of your sales channels to make sure you’re in compliance with sales taxes. It simplifies the processes that can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is extensively used by owners of online businesses to keep everything organized and straightforward. Let’s look into the features and services offered by TaxJar.
Services and features
One of the first things you’ll need to ensure is your tax-reporting system perfectly integrates along with sales funnels. If you’re using multiple sales channels, you need to ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your critical metrics in one spot. That way, there’s no requirement to collect data from different channels and organize it into a single platform. All you have to do is to integrate TaxJar it will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of the platforms they can integrate with:
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. In this review, we’ll dig into both.
If you opt to do it manually, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing tax returns for income, the team will instruct you on how to handle the tax returns. However, it will be up to you and your team members to complete everything in time. TaxJar is only there to help you understand what you should accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. Through this feature, everything is automated, from calculating sales tax to recording and processing it. However, there might be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting problems. Your orders from your e-commerce channels can be compiled into a single dashboard via this platform. From there you and your team can access everything you need, such as a list of your transactions, reports and data.
The most appealing aspect of the feature you’ve chosen is it lets you to update your account automatically each day. They not only let you keep track of how much you’ve collected, but they also help you keep track of when the next payment is due.
Their dashboard can also allow you to fully view the overall sales taxes within your company. You can also export your data in a CSV file in case you require it in your accounting and financial planning processes or if your team requires it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of the channels you sell through. It means you don’t need to scramble for your documents when you need them in a pinch. Even when you already have your accountant, this function will help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have for other operational expenses.
What’s more is that TaxJar offers tutorials and training and tutorials, not just for their platform but everything that has to do with sales tax. Check out their webinars, guides and blog for more details. In addition, their sales tax calculator should be beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of those options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan starts at $19. They claim that it’s the most suitable plan for you if you need help with filing requirements and reporting. It includes the tax on sales, 4 autofiles for free each year, and a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a small company manager, the plan could be ideal for you. It might not include all of TaxJar’s features but it comes with the essentials that you need.
You can also contact the support team via their email support chart. Additionally, you’ll have access to their integration features.
If you’re looking for a bit more than just the standard features, then the Professional plan might be the right one for you. It’s priced at $99 however, it could go up if you add custom features.
How different is it from the original plan?
Apart from having access to every one of Starter plan’s features, you also have their support via phone Access to APIs, phone support, and advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you run a large enterprise, you may want to opt for the Premium plan instead. It has all of the features you need to help with your taxes. Additionally, they permit unlimited integrations with data imports, API integrations, team members, and AutoFiles.
They also have a staff who are devoted in managing your accounts. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Az
However, they did mention that the plan is custom-made to each user. So the costs will vary according to what you require to run your business.
Fortunately, you don’t need to gamble your money just to determine if this service is right for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is a good fit for you.
Pros and Pros and
Now that we’ve covered all you should know about TaxJar Let’s relax. In order to sum up the whole thing, here are the pros and cons of the use of TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- 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
- Certain countries will not 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 provides a fantastic platform to companies that have many sales channels and utilizes numerous platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only will it help you track your revenue and products It can help you meet your deadlines. It is also a great opportunity for accountants since they provide the Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
Utilizing TaxJar can allow you to save more time while keeping on top of each deadline and requirement you have to fulfill. If you live in a place with complicated tax regulations, this will definitely help you get your head around the subject. TaxJar Az
However, if managing your taxes is simple and straightforward, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it on your own.
FAQ TaxJar Az
Which areas does TaxJar provide API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it to USUSD before TaxJar will calculate your tax.