Taxes have always been among the most difficult tasks to complete, whether you’re running your own business or not. Even more so if you do not have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is filled with tasks to complete. When you’re not able to afford enough money to engage an accountant performing the task on your own can be dangerous. If you make a mistake it could mean you need to repeat the process!
Most people want to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
What can we do about it?
We can always make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving device and how it can benefit you. Although this is quite lengthy it is possible to assess whether TaxJar is exactly what you need in the present.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
For those who like to read, let’s get right into it.
What exactly is TaxJar? TaxJar Cost Per Year Sales Seasonal Reddit
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all of your sales channels to ensure that you are in compliance with your sales taxes. It streamlines processes that take days to complete and is completed in just a few just a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to keep everything organized and straightforward. Let’s look into the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll need to ensure you have a tax accounting platform seamlessly works well with your sales channel. If you have multiple sales channels, you need to ensure that everything is in order. The last thing you want is to be penalized for not paying attention to a minor thing.
TaxJar allows you to display your key data in one location. So, there’s no requirement to collect data from different channels and organize it into a single platform. All you need to do is integrate TaxJar and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar lets customers submit their sales tax by hand or using the AutoFile feature. In this review, we’ll look 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 the filing of income tax returns TaxJar will train you on how to handle the tax returns. It is up to you and your team to finish the tax returns within the timeframe. TaxJar will only provide guidance on what you should do but not 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 is automated, from calculating sales tax through recording, and then processing them. However, there might be extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. Once you’re on the platform, you and your team can access everything you require, including an inventory of your transactions, reports, as well as the data.
The best part about this option is the fact that they allow you to update your account automatically each day. Not only can they help you know how much you’ve accumulated, but they also help you track when your following payment is due.
Their dashboard can also allow you to see the total sales tax in your business. You can also export your data to CSV format. CSV file, if you want to use it in your accounting and financial planning processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. That means you won’t have to hunt for your paperwork when you need them in the event of a need. Even when you already have your accountant, this feature will make them more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have to cover other operational costs.
The best part is that TaxJar offers tutorials and training and tutorials, not just on their platform, but everything related to sales tax. You can check out their webinars, guides and blog for more info. Apart from that the sales tax calculator is beneficial when you’re planning to complete everything yourself.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing features, but they can be too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan is priced at $19. They say it’s the best plan if you need help in filing and reporting. It includes taxes on sales and sales as well as four annual AutoFiles for free, as well as an CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale company owner, this plan should be perfect for you. It might not include all the features offered by TaxJar but it comes with all the basics you require.
In addition, you can reach their support team with their support chart for email. Additionally, you’ll have access to their integration features.
Professional
If you’re looking to get that is more than the standard features, then the Professional plan may be the best option for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the original plan?
In addition to having access to every one of Starter plan’s features, you also get access to their phone customer support access to APIs, as well as sophisticated CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you own a huge business, you might need to choose premium plans instead. It has all of the features that you require to make your tax filing easier. Additionally, they permit unlimited data import integrations, API integrations, team members, and AutoFiles.
They also have a team dedicated in managing your accounts. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Cost Per Year Sales Seasonal Reddit
But they did state that this plan is customized for every user. So the costs will vary in line with what you require for your company.
Free Trial
Fortunately, you don’t need to bet your life on it to find out if the platform is for you. If you’re still looking into different options, they offer a 30-day free trial. This should be enough time to gauge whether the service is the right choice for you.
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Pros and Pros and
We’ve covered everything you must be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the pros and cons of making use of TaxJar to run your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- You can track several sales channels
Cons
- Limits for AutoFile are based on 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 recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for businesses with many sales channels and utilizes plenty of platforms. If that’s what you do, then you ought to try this.
Not only will it assist you in keeping track of your products and revenue It can assist you in meeting the deadlines you set. This is also an excellent option for accountants as they offer the Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Using TaxJar can help you save more time while keeping on top of each deadline or requirement you need to fulfill. If you live in an area with complex tax laws, this will surely help you wrap your mind around it. TaxJar Cost Per Year Sales Seasonal Reddit
But if handling taxes is easy, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire procedure easy to complete, you might be better in doing it all by yourself.
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FAQ TaxJar Cost Per Year Sales Seasonal Reddit
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 into TaxJar?
Yes. You can sync 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 does not convert currency values. All of the transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it into USUSD before TaxJar determines your tax.
