TaxJar Competitors

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Taxes are always one of the most difficult tasks to complete regardless of whether you run a business or not. More so if you don’t have a degree in finance or accounting. Tax-related work can be overwhelming, 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 dangerous. If you miss one detail and you don’t know it, you may have to do it all over again!

Almost everyone wants to avoid this step. But since it’s required to be done, we can’t choose not to.

So what is the best way to deal with it?

We can make our lives easier by using tools like TaxJar.

Here we’ll take a look at this well-known life-saving tool and explain how it can benefit you. Although this is quite an extensive read it is possible to assess whether TaxJar is exactly what you need in the present.

Do you prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.

For those who like to read, we’ll dive right into.

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What exactly is TaxJar? TaxJar Competitors

Founded in 2013, TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It is a solution for the entire life cycle. In addition, you can apply it across all the sales channels you use to ensure that you are in compliance with sales taxes. It streamlines processes that require days to complete and is completed in just a few just a few minutes.

TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.

How can it help you?

TaxJar is extensively used by business owners who run online businesses to make their business more simple and organized. Let’s take a look at the benefits and features of TaxJar.

TaxJar Competitors

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Features and services

Integration

One of the first things you’ll need to make sure is your tax-reporting platform seamlessly works well with your sales channel. If you have multiple sales channels, it is essential to maintain everything in line. The most important thing is not to be penalized for not paying attention to a minor thing.

TaxJar allows you to display your key metrics in one place. That way, there’s no need to gather data from different channels and sort it into one platform. All you have to do is to integrate TaxJar and the platform will do all the rest.

Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms that they can connect with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows customers to make sales tax filings manually or through TaxJar’s AutoFile feature. In this review, we’ll look into both.

If you opt to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. Once the time comes for the filing of income tax returns TaxJar will train you on how to manage the tax returns. But, it is up for you and your team to complete everything within the timeframe. TaxJar is only there to guide you on 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 don’t have to submit all forms by hand. Through this feature, everything will be automated, from calculating sales taxes in order to record and process it. However, there might be additional charges if they are not part of the plan you select.

Sales Tax Reports

As mentioned earlier it is possible to use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be combined into a single dashboard via this platform. From there you and your staff can access everything you need, like an inventory of your transactions, reports and information.

The best part about this feature is that it lets you to update automatically every day. Not only can they help you know how much you’ve collected and how much you’ve earned, but they also let you track when your following payments are due.

The dashboard allows you to see the sales tax totals in your business. You can also export the information as a CSV file, if you want to use it for your process of financial planning and accounting or if your team needs it for central reporting.

Streamlining and Training

TaxJar assists in organizing and keeping the track of all your sales channels. It means you don’t need to hunt for your paperwork when you need them in the event of a need. Even even if you already have an accountant, this feature will help them be more efficient.

Additionally, knowing the figures for your sales tax ahead of time will help you plan your funds better. You’ll know better how much budget you have available for other operational expenses.

What’s more is that TaxJar provides training and tutorials and tutorials, not just for their platform but everything that has to do with sales tax. Check out their webinars, guides or blog posts for additional info. Additionally their sales tax calculator is helpful if you’re planning on take on the entire task yourself.

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How much does TaxJar cost?

We understand how important it is to determine your budget. Certain platforms have amazing features, but they can be too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing levels and what each of those plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.

Starter

Their Starter plan is priced at $19. They claim that it’s the most suitable plan for you for those who need assistance in filing and reporting. It includes taxes on sales and sales as well as 4 autofiles for free each year, and the option of a CSV import. With the starter plan, you can access their AI tax recommendations.

If you’re a small business owner, this plan could be perfect for you. It might not include all the features offered by TaxJar however, it does include the basic features you require.

In addition, you can reach their customer support via their support chart for email. Additionally, you’ll have access to their integration tools.

Professional

If you’re looking to get that is more than the basics Professional could be the one for you. The price starts at $99 but it can go higher when you add additional features.

How different is it from the starter plan?

Apart from having access to each of Starter plan’s features, you also have the support of their customer service via phone access to APIs, as well as sophisticated CSV import. They also allow you to get 12 AutoFiles for free each year.

Premium

If you own a huge business, you might need to choose premium plans instead. It has all of the features needed to aid in your tax preparation. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of users, and AutoFiles.

They also have a staff who are devoted for managing the account. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Competitors

But they did state that the plan is custom-made to each user. So the costs will vary depending on what you need for your business.

Free Trial

Luckily, you don’t have to risk your money to find out if the platform is right for you. If you’re still looking into various options, they provide 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.

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Pros and Cons

We’ve covered everything you must be aware of TaxJar let’s take a breather. To summarize Here are the advantages and disadvantages of using TaxJar for your business.

Pros

  • There is the Tax Advisor option for some plans
  • AutoFile features to reduce time
  • Available in most USA states
  • Offers Taxes on sales online calculator
  • Support Service Team
  • The dashboard is easy to navigate
  • Offers a 30-day free trial
  • It is possible to integrate it with other platforms
  • You can track several sales channels

Cons

  • Limits for AutoFile are based on the plan
  • AutoFile has extra fees
  • Certain countries will not have access to the API feature.
  • Only applicable to USA customers
  • It is important for owners and accountants to review local laws

The Final Verdict

With everything clearly laid down, TaxJar can be a great platform businesses with many sales channels and utilizes many platforms. If that’s what you’re doing, then must try TaxJar.

Not only will it aid in tracking your products and revenue It can assist you in meeting your deadlines. This is also an excellent option for accountants as they offer the Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.

The use of TaxJar will help you reduce time and keep on top of each deadline and obligation you have to fulfill. If you’re in a region with a lot of tax laws, this can surely help you wrap your head around the subject. TaxJar Competitors

If handling your taxes is straightforward If it isn’t, then TaxJar might not be a good expense. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. If you find the whole procedure easy to complete then you’re better to do it on your own.

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FAQ TaxJar Competitors

Which areas does TaxJar provide API support?

TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.

Can I integrate Shopify into TaxJar?

Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.

Are there any ways to exchange one kind of currency with TaxJar?

Unfortunately, no. TaxJar cannot convert currencies. The transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it to USUSD prior to when TaxJar can calculate the tax.

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