Taxes have always been one of the hardest things to do regardless of whether you run a business or not. Even more so if you do not have a background in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. When you’re not able to afford the budget to engage an accountant making it yourself can be risky. If you make a mistake it could mean you have to redo things again!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement, we have no choice.
So , what can we do about it?
We can make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can help you. Even though this is lengthy it is possible to gauge whether TaxJar is what you need right now.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
But for those who prefer to read, let’s dive right in.
What is TaxJar? TaxJar Batch Createorder
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It’s a solution for your entire sales tax life cycle. Additionally, you can use it across all of your channels of sales to make sure you’re in compliance with your sales taxes. It simplifies the processes that can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
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.
Services and features
One of the most important things you’ll want to check you have a tax accounting platform is compatible along with sales funnels. If you’re using multiple sales channels, it is essential to keep everything in place. The last thing you want is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your key metrics in one spot. That way, there’s no need to gather information from multiple sources and then organize it on a single platform. All you need to do is integrate TaxJar, and the platform will take care of the rest.
Other than that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms that they can connect with:
TaxJar allows clients to make sales tax filings either manually or via TaxJar’s AutoFile feature. In the purpose of this article, we’ll take a look into both.
If you choose to go it alone, TaxJar will allow you to connect the sales channels you use. Once the time comes for the filing of income tax returns The team will guide you on how to handle them. It is up to you and your team to complete the process on time. TaxJar is only there to provide guidance on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out the forms in a manual manner. Through this feature, everything will be automated from calculating sales tax through recording, and then processing it. There could be additional charges if they are not part of the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting issues. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your staff will have access to everything you need, such as a list of your transactions, reports and data.
The greatest benefit of the feature you’ve chosen is they allow you to update automatically every day. Not only can they help you know how much you’ve collected, but they also help you determine when your next payment is due.
Their dashboard also allows you to fully view the sales tax totals within your company. It is also possible to export your data to the form of a CSV file in case you require it to aid in process of financial planning and accounting or if you require it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep on top of all the sales avenues you use. This means that you don’t have to hunt for your paperwork when you need them when you’re in a pinch. Even if you already have your accountant, this function will aid them in being 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 available for other operating expenses.
But what’s even better is that TaxJar offers training and tutorials, not just for their platform but everything related to sales tax. Check out their guides, webinars, or blog posts for additional information. In addition the sales tax calculator should be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms provide amazing features, but they can be too costly for your business. This is why in this section we’ll examine TaxJar’s pricing tiers and what each of those options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. They claim that it’s the best plan to help you with filing requirements and reporting. It also includes sales tax reporting, 4 free yearly AutoFiles, and a CSV import. With the starter plan, you will be able to access their AI tax recommendations.
If you’re a small company proprietor, then this program could be perfect for you. It may not offer all the features offered by TaxJar, but it has all the basics you require.
You can also contact their support team with their email support chart. You’ll also be able to use their integration tools.
If you’re looking for that is more than the basics and options, then the Professional plan may be the best option for you. It starts at $99, but you can increase it if you add custom features.
What is the difference from the starter plan?
In addition to accessing each of Starter plan’s features, you also have their support via phone access to APIs, as well as the ability to do advanced CSV import. They also allow you to have 12 free AutoFiles each year.
If you have a massive business, you might need to go for premium plans instead. It has all of the features needed to make your tax filing easier. In addition, they offer unlimited import integrations of data as well as Integrations with APIs, teams of members, and AutoFiles.
They also have a team who are devoted to managing your account. They don’t reveal the amount that the Premium plan is going to cost. TaxJar Batch Createorder
However, they did say that this plan is tailor-fit to each user. The cost of the plan will be different depending on what you need to run your business.
Fortunately, you don’t need to bet your life on it to find out if the platform is the right one for you. If you’re still considering different options, they offer 30 days of free trial. This should be enough time to gauge whether the software is an excellent fit for you.
Pros and Cons
After we’ve gone over everything you must know about TaxJar let’s take a breather. In order to sum up the whole thing, here are the advantages and disadvantages of the use of TaxJar for your business.
- Has 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
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- AutoFile limit is based on 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 recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies with many sales channels and utilizes numerous platforms. If this sounds like the way you do, then you should try this.
It’s not just a way to aid in tracking the sales and profits of your business however, it will help you meet the deadlines you set. This is also an excellent option for accountants as they provide the Tax Advisor program. You can get tips and learn from their sessions about taxes through it.
Utilizing TaxJar will help you get more done while keeping track of every deadline or requirement you need to meet. If you’re in a region with a lot of tax laws, this can definitely help you get your mind around it. TaxJar Batch Createorder
If handling your taxes is simple, then TaxJar might not be a good investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of all of it. Moreover, if you find the whole process easy to do then you’re better in doing it all by yourself.
FAQ TaxJar Batch Createorder
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to connect 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 currency values. All of the transactions are in US$. If you’re using another currency, you’ll need to convert it to USUSD before TaxJar determines the tax.