Taxes are always one of the hardest things to do regardless of whether you run an enterprise or not. Even more so if you do not have a background in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is full of things to be done. In the event that you do not have enough money to hire an accountant, making it your own could be risky. If you miss one detail and you don’t know it, you may have to do it all over again!
Nearly everyone would prefer to skipping this step. However, since it’s mandatory, we have no choice.
So what is the best way to deal with it?
We can always make our lives easier by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and how it can benefit you. Although this is quite a long read, you should be able to determine if TaxJar is exactly what you need right now.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, then we’ll dive right into.
What exactly is TaxJar? TaxJar Contact
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. It’s a solution for the entire life cycle. Additionally, you can use it in all of your sales channels to ensure compliance with your sales taxes. It simplifies the processes that can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is extensively used by online business owners to keep everything neat and simple. Let’s take a look at the benefits and features of TaxJar.
Features and services
One of the most important things you’ll need to make sure you have a tax accounting system is compatible with your sales channel. If you have multiple sales channels, it is essential to ensure that everything is in order. The last thing you want is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your most important metrics in one spot. That way, there’s no requirement to collect data from different channels and then organize it on a single platform. All you need to do is connect TaxJar, then the system will handle all the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to file their sales taxes either manually or via the AutoFile feature. For this review, we’ll dig into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. When the time is right for filing tax returns for income TaxJar will train you on managing these. However, it will be up to you and your team members to finish the tax returns in time. TaxJar is only there to help you understand what you should do , but not to handle it.
If you would 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. This feature will ensure that everything will be automated, from calculating sales tax through recording, and then processing it. There could be additional charges if they are not included in the plan you choose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be put together into a single dashboard through this platform. From there you and your team will have access to all the information you require, including the list of transactions, reports, as well as data.
The greatest benefit of this option is the fact that it lets you to update automatically every day. Not only can they help you know how much you’ve earned however, they can also help you determine when your next payments are due.
Their dashboard also allows you to see the overall sales taxes within your company. It is also possible to export the data to CSV format. CSV file in case you require it to aid in accounting and financial planning processes or if you require it for central reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all the channels you sell through. It means you don’t need to search for your documents when you need them when you’re in a pinch. Even when 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 to cover other operating costs.
The best part is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also for anything that has to do with sales tax. Check out their webinars, guides, as well as their blog to find more information. Apart from that their sales tax calculator should be useful if you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Certain platforms have amazing features, but they can be too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing structures and the features that each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They claim that it’s the best plan to help you with filing requirements or reporting. It includes taxes on sales and sales as well as four autofiles for free each year, and an CSV import. With the starter plan, you have access to their AI tax advice.
If you’re a smaller company manager, the plan will be perfect for you. It may not have all of TaxJar’s features, but it has the basic features you require.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for that is more than the standard features Professional may be the best option for you. The price starts at $99 but it can go higher by adding custom features.
So how different is it from the basic plan?
Apart from having access to each of Starter plan’s options, you also have access to their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. You can also have 12 free AutoFiles each year.
If you have a massive enterprise, you may want to opt for premium plans instead. It comes with all the features needed to help with your taxes. Additionally, they permit unlimited import integrations of data API integrationsfor team members as well as AutoFiles.
They also have a team dedicated for managing the account. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Contact
However, they did say that the plan is custom-made for each user. Therefore, the cost will differ depending on what you need to run your business.
Luckily, you don’t have 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 the opportunity to try a free trial for 30 days. This should be enough time to determine if the platform is the right choice for you.
Pros and Pros and
After we’ve gone over everything you need to know about TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of using TaxJar for your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers Taxes on sales online 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.
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out, TaxJar can be a great platform companies that have multiple sales channels and uses plenty of platforms. If that’s what you do, then you must try TaxJar.
It’s not just a way to assist you in keeping track of your revenue and products It can assist you in meeting the deadlines you set. It is also a great option for accountants as they have a Tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can allow you to save more time while keeping on top of each deadline and requirement you have to meet. If you’re in a region with a lot of tax regulations, this will surely help you wrap your head around the subject. TaxJar Contact
If handling taxes is easy, then TaxJar may be an unnecessary investment. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire procedure easy to complete, you might be better in doing it all by yourself.
FAQ TaxJar Contact
Which areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transactions are in USdollars. If you’re using another currency, you’ll have to convert it into USdollars prior to when TaxJar will calculate your tax.