Taxes are always one of the hardest things to do regardless of whether you run your own business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related work can be overwhelming, particularly when you’re filled with tasks to complete. If you don’t have the funds to hire an accountant, doing it on your own could be risky. If you overlook one thing it could mean you have to do it all over again!
Nearly everyone would prefer to skipping this step. But since it’s required, we have no choice.
So what can we do ?
It is always possible to make our lives easier by using tools like TaxJar.
This article will take a look at this well-known life-saving device and how it can help you. While this is a long read it is possible to assess whether TaxJar is the tool you require today.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar? TaxJar Contact By Phone
Founded in 2013, TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all of your channels of sales to ensure that you are in compliance with sales taxes. It streamlines processes that take days to complete and is completed in just a few just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by owners of online businesses to ensure that everything is neat and simple. Let’s explore their features and services.
Features and services
One of the first things you’ll need to make sure is that your accounting tax platform is compatible with your sales channel. If you’re using multiple sales channels, you need to keep everything in place. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your key metrics in one spot. So, there’s no need to collect data from different channels and then organize it on one platform. All you need to do is integrate TaxJar, it will handle the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms that they can connect with:
TaxJar allows clients to submit their sales tax by hand or using TaxJar’s AutoFile feature. In this review, we’ll dig into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing tax returns for income The team will guide you on how to handle the tax returns. 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 prefer an Auto file, TaxJar will do the filling – that means 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. However, there might 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 help you with your accounting issues. All orders made through your e-commerce channels can be compiled into a single dashboard via this platform. Once you’re on the platform you and your team can access everything you require, including the list of transactions, reports, as well as information.
The most appealing aspect of this option is the fact that it allows you to update automatically every day. Not only can they help you know how much you’ve earned and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard also allows you to see the sales tax totals in your business. You can also export the data to CSV format. CSV file, if you want to use it for your process of financial planning and accounting or if you require it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep on top of all the channels you sell through. It means you don’t need to scramble for your documents when you’re in a pinch. Even even if you already have an accountant, this function can help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your money more efficiently. You’ll be aware of the budget you have to cover other operational costs.
But what’s even better is that TaxJar offers tutorials and training not only for their platform but everything that has to do with sales tax. You can check out their webinars, guides or blog posts for additional information. In addition their sales tax calculator is beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We understand how important it is to establish your budget. Some platforms offer superb capabilities, but they’re often too costly for the business you run. This is why in this section, we’ll look into TaxJar’s pricing tiers and what each of those plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements and reporting. It includes sales tax reporting, 4 autofiles for free each year, and an CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small-scale company manager, the plan could be perfect for you. It may not have all the features of TaxJar but it comes with all the basics you require.
Additionally, you can contact the support team via their support chart for email. You’ll also be able to use their integration tools.
If you’re looking to get a bit more than just the basics and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it if you add custom features.
How different is it from the starter plan?
In addition to having access to each of Starter plan’s options, you also have access to the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you own a huge enterprise, you may want to go for an upgrade instead. It has all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited import integrations of data, API integrations, team users as well as AutoFiles.
They also have a team that is devoted for managing the account. But, they don’t divulge the price of the Premium plan. will cost you. TaxJar Contact By Phone
However, they did say that the plan is custom-made for every user. The cost of the plan will be different in line with what you require to run your business.
It’s a good thing that you don’t have to risk your money to find out if the platform is for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is a good fit for you.
Pros and Cons
We’ve covered everything you should be aware of TaxJar let’s take a breather. To sum it all up, here are the advantages and disadvantages of using TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only valid for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid out TaxJar can be a great platform companies that have numerous sales channels, and that utilizes plenty of platforms. If that’s what you do, then you must try TaxJar.
Not only will it assist you in keeping track of your products and revenue, but it can also help you meet your deadlines. This is also an excellent option for accountants as they have a Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
Using TaxJar will help you save more time while keeping the track of each 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 Contact By Phone
However, if managing taxes is easy and straightforward, then TaxJar might not be a good investment. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. If you find the entire procedure easy to complete, you might be better off doing it on your own.
FAQ TaxJar Contact By Phone
What are the areas in which TaxJar provide API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transactions’ amounts are in US$. If you’re using another currency, you will need to convert it to USdollars before TaxJar will calculate your tax.