Taxes have always been among the most difficult tasks to complete regardless of whether you’re running your own business or not. Particularly if you don’t have a background in accounting or finance. Tax-related issues can be overwhelming, especially when you’re packed with things to do. In the event that you do not have enough money to engage an accountant doing it on yourself can be risky. If you miss one detail it could mean you need to repeat the process!
Most people want to skipping this step. But , as it’s a requirement and mandatory, there’s no other choice.
So , what can we do ?
We can make our lives easier by using tools like TaxJar.
This article will take a look at this popular life-saving tool and how it can help you. Although this is quite a long read it is possible to assess whether TaxJar is exactly what you need right now.
Are you looking to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, we’ll dive right into.
What is TaxJar? TaxJar Cannot Access Website
The company was founded in 2013 TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. It’s a solution for your entire sales tax life cycle. Additionally, you can use it across all your sales channels to ensure that you are in compliance with your sales taxes. It streamlines processes that can take days to complete, and finish within just a few minutes.
TaxJar has been utilized in various industries like 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 make their business more simple and organized. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check is that your accounting tax system seamlessly works well with your sales channel. If you’re selling through multiple channels, it is essential to maintain everything in line. The most important thing is not to be penalized for missing a single minor point.
TaxJar allows you to display your critical metrics in one place. That way, there’s no need to collect data in multiple channels and sort it into one platform. All you have to do is to integrate TaxJar, then the system will handle the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms that they can connect with:
TaxJar allows clients to make sales tax filings either manually or via TaxJar’s AutoFile feature. In this review, we’ll take a look at both.
If you choose to do it manually, TaxJar will allow you to connect all the sales channels you use. Once the time comes for the filing of income tax returns TaxJar will train you on managing these. It is up to you and your team members to complete the process in time. TaxJar will only help you understand what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. With this feature, everything will be automated, from calculating sales tax through recording, and then processing it. There could be additional costs if the feature is you do not include this feature in the plan you select.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting woes. The orders you place through your online channels can be combined into one dashboard using this platform. Once you’re on the platform, you and your team will have access to all the information you require, including the list of transactions, reports, as well as information.
The greatest benefit of the feature you’ve chosen is they allow you to update your account automatically each day. They not only let you know how much you’ve earned, but they also help you track when your following payments are due.
Their dashboard also allows users to view in detail the overall sales taxes within your company. You can also export your data to the form of a CSV file if you need it for your financial planning and accounting processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep the track of all your sales channels. That means you won’t have to search for your documents when you’re when you’re in a pinch. Even even if you already have an accounting firm, the feature can aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll know exactly how much budget you have to cover other operational costs.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just for their platform but for anything connected to sales tax. You can look through their webinars, guides or blog posts for additional information. Additionally their sales tax calculator is useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. For this reason we’ll take a look at TaxJar’s pricing tiers and the features that each of these options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. The company claims that it’s the best plan if you need help in filing and reporting. It also includes sales tax reporting, four free yearly AutoFiles, and the option of a CSV import. With the starter plan, you will be able to access their AI tax recommendations.
If you’re a small-scale business proprietor, then this program could be perfect for you. It may not have all of TaxJar’s features but it comes with the basic features you require.
In addition, you can reach the support team via their email support chart. You’ll also have access to their integration features.
If you’re looking for that is more than the standard features Professional may be the best option for you. It’s priced at $99 but it can go higher when you add additional features.
So how different is it from the starter plan?
In addition to accessing each of Starter plan’s features, you also get access to their support via phone, API access, and the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you run a large company, you may need to opt for an upgrade instead. It comes with all the features that you require to aid in your tax preparation. In addition, they offer unlimited data import integrations, API integrations, team users, and AutoFiles.
They also have a staff dedicated to managing your account. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Cannot Access Website
However, they did mention that this plan is customized for every user. Therefore, the cost will differ according to what you require for your company.
Fortunately, you don’t need to bet your life on it to determine if this service is the right one for you. If you’re still considering various options, they provide a 30-day free trial. This should give you enough time to determine whether the software is a good fit for you.
Pros and Pros and
Now that we’ve covered all you need to know about TaxJar let’s take a break. In order to sum up the whole thing, here are the pros and cons of the use of TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable to USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies that have many sales channels and utilizes many platforms. If that’s what you’re doing, then must try TaxJar.
It’s not just a way to help you track your products and revenue however, it will 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 find tips and learn from their sessions about taxes through it.
Utilizing TaxJar will help you reduce time and keep on top of each deadline or requirement you need to fulfill. If you’re in a place with complicated tax laws, this can definitely help you get your head around the subject. TaxJar Cannot Access Website
But if handling your taxes is simple and 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 find the entire process easy to do then you’re better off doing it by yourself.
FAQ TaxJar Cannot Access Website
What are the areas in which TaxJar offer API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transaction amounts are n USdollars. If you’re using another currency, you will need to convert it to USdollars prior to when TaxJar can calculate your tax.