Taxes are always one of the hardest things to do regardless of whether you’re running an enterprise or not. Even more so if you do not have a background in finance or accounting. Tax-related tasks can be overwhelming, especially when you’re packed with things to do. If you don’t have the funds to hire an accountant, performing the task on yourself can be dangerous. If you make a mistake it could mean you have to redo things again!
Nearly everyone would prefer to skip this step. But since it’s required to be done, we can’t choose not to.
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 popular life-saving tool and how it can assist you. While this is a long read but you’ll be able to determine if TaxJar is exactly what you need in the present.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What exactly is TaxJar? TaxJar Cost For Autofile
Founded in 2013, TaxJar is an application that automatizes your reporting, filings and sales tax calculations. It’s a solution for the entire life cycle. In addition, you can apply it across all your channels of sales to ensure compliance with your sales taxes. It makes the process simpler that could require days to complete and finish within just a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by owners of online businesses to make their business more neat and simple. Let’s look into their features and services.
Services and features
One of the first things you’ll need to ensure you have a tax accounting software is compatible along with sales funnels. If you have multiple sales channels, you need to ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your critical data in one location. That way, there’s no requirement to collect information from multiple sources and then organize it on one platform. All you have to do is connect TaxJar then the system will take care of all the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of platforms that they can connect with:
TaxJar allows customers to submit their sales tax either manually or via the AutoFile feature. In our review we’ll look into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect your sales platforms. Once the time comes for filing income tax returns TaxJar will train you on managing these. However, it will be up to you and your team to complete everything within the timeframe. TaxJar is there to help you understand what you should 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 the forms in a manual manner. This feature will ensure that everything will be automated from calculating sales taxes to recording and processing them. However, there might be extra fees if not part of the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting issues. Your orders from your e-commerce channels can be combined into one dashboard using this platform. From there you and your team will have access to everything you require, including an inventory of your transactions, reports and information.
The greatest benefit of this feature is that it allows you to update automatically every day. Not only can they help you keep track of how much you’ve collected, but they also help you determine when your next payments are due.
The dashboard allows you to see the sales tax totals in your business. You can also export your data as the form of a CSV file, if you want to use it for your accounting and financial planning processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. It means you don’t need to search for your documents when you need them in the event of a need. Even when you already have your accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your funds more effectively. You’ll know better how much budget you have available for other operational expenses.
But what’s even better is that TaxJar provides training and tutorials and tutorials, not just for their platform but for anything related to sales tax. Check out their guides, webinars, as well as their blog to find more information. Additionally the sales tax calculator can 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. Some platforms provide amazing capabilities, but they’re often too costly for your business. This is why in this section we’ll examine TaxJar’s pricing levels and the features that each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan starts at $19. They say it’s the best plan if you need help with filing requirements or reporting. It includes the tax on sales, 4 free yearly AutoFiles, and the option of a CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale business owner, this plan could be ideal for you. It might not include all the features of TaxJar however, it does include the essentials that you need.
Additionally, you can contact the support team via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking to get that is more than the basics Professional may be the best option for you. It starts at $99, however, it could go up by adding custom features.
How different is it from the basic plan?
In addition to accessing all of the Starter plan’s features, you also get access to their support via phone, API access, and the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you have a massive business, you might need to choose the Premium plan instead. It comes with all the features needed to make your tax filing easier. Additionally, they permit unlimited integrations with data imports, API integrations, team members, and AutoFiles.
There is also a team dedicated for managing the account. However, they don’t disclose how much the Premium plan is going to cost. TaxJar Cost For Autofile
However, they did say that this plan is tailor-fit for each user. Therefore, the cost will differ in line with what you require to run your business.
Luckily, you don’t have to gamble your money just to see if this platform is for you. If you’re still considering different options, they offer a 30-day free trial. This should be enough time to see whether the software is an excellent fit for you.
Pros and Pros and
We’ve covered everything you must know about TaxJar Let’s relax. In order to sum up the whole thing, here are the advantages and disadvantages of the use of TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online calculator
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable for USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to companies with many sales channels and utilizes numerous platforms. If that sounds like what you’re doing, then should try this.
It’s not just a way to aid in tracking the sales and profits of your business however, it will also help you meet the deadlines you set. It is also a great option for accountants as they provide the Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Using TaxJar will help you get more done while keeping track of every deadline or requirement you need to meet. If you’re in a place with complicated tax laws, this will surely help you wrap your mind around it. TaxJar Cost For Autofile
However, if managing your taxes is simple If it isn’t, then TaxJar might not be a good investment. If you only have one or two sales channels, TaxJar won’t be needed to track all of it. In addition, if you find the entire process easy to do, you might be better in doing it all by yourself.
FAQ TaxJar Cost For Autofile
What areas does TaxJar provide API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions are in US$. If you’re using another currency, you’ll have to convert it into USUSD before TaxJar determines the tax.