Taxes are always one of the most difficult tasks to complete regardless of whether you run your own business or not. Even more so if you do not have any experience in finance or accounting. Tax-related issues aren’t easy, particularly when your whole day is full of things to be done. If you don’t have the funds to hire an accountant, performing the task on your own could be risky. If you make a mistake, you might have to do it all over again!
Almost everyone wants to skip this step. But , as it’s a requirement to be done, we can’t choose not to.
So what is the best way to deal with it?
We can make life easier by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and explain how it can help you. Although this is quite an extensive read it is possible to assess whether TaxJar is the tool you require today.
Prefer video streaming instead? Take a look at 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 dive right in.
What exactly is TaxJar? TaxJar Contact Phone Number
The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply 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 finish within just a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by online business owners to make their business more neat and simple. Let’s take a look at their features and services.
Services and features
One of the most important things you’ll need to make sure you have a tax accounting software seamlessly works well along with sales funnels. If you’re using multiple sales channels, it is essential to ensure that everything is in order. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your critical metrics in one place. This means that there is no requirement to collect information from multiple sources and then organize it on a single platform. All you need to do is connect TaxJar, then the system will handle the rest.
Other than that, TaxJar also integrates with other platforms to assist with payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows customers to make sales tax filings manually or through the AutoFile feature. In this review, we’ll take a look into both.
If you decide to go it alone, TaxJar will allow you to connect all the sales channels you use. Once the time comes for filing income tax returns, the team will instruct you on how to handle them. However, it will be up to you and your team to complete everything in time. TaxJar is only there to provide guidance on what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that 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 through recording, and then processing them. However, there might be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to ease your accounting woes. The orders you place through your online channels can be put together into a single dashboard through this platform. Once you’re on the platform you and your team will have access to all the information you need, like a list of your transactions, reports, and information.
The most appealing aspect of this option is the fact that they allow you to update automatically every day. Not only will they let you keep track of how much you’ve earned however, they can also help you track when your following payments are due.
Their dashboard also allows you to fully view the sales tax totals within your company. Additionally, you can export your data in CSV format. CSV file in case you require it for your financial planning and accounting processes or if you require it for central reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all the sales avenues you use. That means you won’t have to hunt for your paperwork whenever you’re in a pinch. Even if you already have your accountant, this feature will make them more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your funds more effectively. You’ll know exactly how much budget you have available for other operational costs.
But what’s even better is that TaxJar provides training and tutorials, not just for their platform but everything connected to sales tax. Check out their webinars, guides, or blog posts for additional info. Apart from that, their sales tax calculator is 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 features, but they’re sometimes too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing structures and what each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan starts at $19. They claim that it’s the most suitable plan for you for those who need assistance in filing and reporting. It also includes taxes on sales and sales as well as 4 free yearly AutoFiles, and the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small business manager, the plan could be perfect for you. It may not offer all the features of TaxJar but it comes with the basic features you require.
You can also contact the support team via their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking to get that is more than the standard features and options, then the Professional plan could be the one for you. It’s priced at $99 however, it could go up if you add custom features.
What is the difference from the original plan?
Apart from having access to each of Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive enterprise, you may want to opt for an upgrade instead. It comes with all the features you need to aid in your tax preparation. In addition, they offer unlimited import integrations of data, API integrations, team members, and AutoFiles.
They also have a staff who are devoted to managing your account. However, they don’t disclose the price of the Premium plan. is going to cost. TaxJar Contact Phone Number
However, they did say that this plan is tailor-fit for each user. The cost of the plan will be different in line with what you require to run your business.
Luckily, you don’t have to bet your life on it to determine if this service is right for you. If you’re still considering other options, they have a 30-day free trial. This should give you enough time to gauge if the platform is an excellent fit for you.
Pros and Cons
Now that we’ve covered all you must be aware of TaxJar Let’s relax. To summarize, here are the pros and cons of making use of TaxJar to run your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on 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 down, TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then you must try TaxJar.
Not only can it help you track the sales and profits of your business however, it will also help you meet the deadlines you set. It’s also an excellent option for accountants as they provide a Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can help you get more done while keeping on top of each deadline or requirement you need to meet. If you’re living in an area with complex tax regulations, this will surely help you wrap your head around it. TaxJar Contact Phone Number
But if handling your taxes is simple If it isn’t, 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’re finding the entire process easy to do and you’re comfortable with it, you may be better to do it on your own.
FAQ TaxJar Contact Phone Number
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions’ amounts are in USdollars. If you’re using a different currency, you will need to convert it to USdollars prior to when TaxJar determines your tax.