Taxes are always one of the hardest things to do regardless of whether you’re running a business or not. Particularly if you don’t 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. If you don’t have the funds to employ an accountant, making it your own can 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 avoid this step. But since it’s required, we have no choice.
So , what can we do about it?
It is always possible to make our lives easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can benefit you. While this is an extensive read, you should be able to assess whether TaxJar is exactly what you need right now.
Prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar? TaxJar Contacts
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. TaxJar is a solution to the entire life cycle. In addition, you can apply it across all your sales channels to ensure that you are in compliance with sales taxes. It streamlines processes that take days to complete and can be completed in a matter of just a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to ensure that everything is organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll want to check you have a tax accounting software perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to keep everything in place. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar lets you display your key data in one location. So, there’s no need to collect data in multiple channels and organize it into a single platform. All you need to do is integrate TaxJar, and the platform will take care of 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:
Filing
TaxJar allows clients to file their sales taxes manually or through TaxJar’s AutoFile feature. For our review we’ll dig into both.
If you opt to do it manually, TaxJar will allow you to connect the sales channels you use. When it comes time to filing tax returns for income The team will guide you on managing the tax returns. But, it is up to you and your team to finish the tax returns on time. TaxJar is only there to guide you on what you need to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. This feature will ensure that everything is automated, from calculating sales taxes to recording and processing them. But, it is possible to incur additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be combined 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 require, including an inventory of your transactions, reports, and information.
The best part about this feature is that they allow you to update automatically every day. They not only let you keep track of how much you’ve earned and how much you’ve earned, but they also let you determine when your next payment is due.
The dashboard allows you to see the sales tax totals within your company. Additionally, you can export your data as the form of a CSV file if you need it for your process of financial planning and accounting or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep on top 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 when you already have your accountant, this function will make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your funds better. You’ll know exactly how much budget you have to cover other operational expenses.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. Check out their webinars, guides and blog for more details. Additionally, their sales tax calculator can be useful if you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. For this reason we’ll take a look at TaxJar’s pricing levels and what each of those choices can provide you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. The company claims that it’s the best plan for those who need assistance with filing requirements or reporting. It also includes sales tax reporting, 4 autofiles for free each year, and a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller company manager, the plan should be perfect for you. It may not have all of TaxJar’s features but it comes with all the basics you require.
Additionally, you can contact their support team with their support chart for email. You’ll also have access to their integration features.
Professional
If you’re looking for something a bit more than just the basics and options, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher when you add additional features.
How different is it from the basic plan?
In addition to accessing all of the Starter plan’s features, you also have their phone customer support, API access, and sophisticated CSV import. You can also have 12 free AutoFiles each year.
Premium
If you have a massive enterprise, you may want to choose premium plans instead. It includes all of the features needed to make your tax filing easier. Moreover, they allow unlimited integrations with data imports as well as API integrationsfor team members as well as AutoFiles.
There is also a team that is devoted to managing your account. But, they don’t divulge the price of the Premium plan. will cost you. TaxJar Contacts
However, they did mention that the plan is custom-made for each user. So the costs will vary according to what you require for your business.
Free Trial
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is the right choice for you.
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Pros and Cons
Now that we’ve covered all you must know about TaxJar let’s take a breather. In order to sum up the whole thing Here are the pros and cons of making use of TaxJar for your business.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms
- It allows you to monitor multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have multiple sales channels and uses numerous platforms. If this sounds like the way you’re doing, then must try TaxJar.
Not only will it assist you in keeping track of the sales and profits of your business It can help you meet the deadlines you set. This is also an excellent option for accountants as they offer a Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
The use of TaxJar will help you save more time while keeping on top of each deadline or requirement you need to meet. If you’re in a region with a lot of tax laws, this can certainly help you to get your head around it. TaxJar Contacts
However, if managing your taxes is simple If it isn’t, then TaxJar may be an unnecessary investment. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. If you find the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it on your own.
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FAQ TaxJar Contacts
What areas does TaxJar offer API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to USdollars before TaxJar determines your tax.
