Taxes have always been one of the most difficult things to handle regardless of whether you run an enterprise or not. More so if you don’t have any experience in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is full of things to be done. If you don’t have enough money to employ an accountant, making it yourself can be risky. If you miss one detail it could mean you have to redo things again!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement, we have no choice.
So what is the best way to deal with it?
We can always simplify our lives by using tools like TaxJar.
This article will take a look at this popular life-saving tool and explain how it can help you. Even though this is a long read, you should be able to assess whether TaxJar is what you need right now.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What exactly is TaxJar? TaxJar Cost To Autofile
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it in all of the sales channels you use to ensure compliance with sales taxes. It streamlines processes that can take days to complete, and is completed in just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by online business owners to make their business more simple and organized. Let’s look into the features and services offered by TaxJar.
Services and features
One of the most important things you’ll need to ensure is that your accounting tax software seamlessly works well 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 be penalized for not paying attention to a minor thing.
TaxJar allows you to display your most important data in one location. This means that there is no requirement to collect data in multiple channels and organize it into a single platform. All you need to do is integrate TaxJar, it will handle all the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list of the platforms they are able to integrate with:
TaxJar allows clients to make sales tax filings by hand or using the AutoFile feature. In the purpose of this article, we’ll take a look into both.
If you opt to go it alone, TaxJar will allow you to connect all the sales channels you use. When the time is right for the filing of income tax returns TaxJar will train you on how to handle these. But, it is up for you and your team to finish the tax returns on time. TaxJar is there to help you understand what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. With this feature, everything will be automated from calculating sales taxes to recording and processing it. But, it is possible to incur extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be compiled into a single dashboard through this platform. From there, you and your team will have access to everything you need, like an inventory of your transactions, reports, and the data.
The greatest benefit of the feature you’ve chosen is it lets you to update your account automatically each day. They not only let you keep track of how much you’ve accumulated however, they can also help you keep track of when the next payment is due.
The dashboard allows you to see the overall sales taxes for your business. You can also export your data in a CSV file, if you want to use it for your financial planning and accounting processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the channels you sell through. This means that you don’t have to hunt for your paperwork whenever you’re in a pinch. Even if you already have your accountant, this feature will help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your funds better. You’ll know better how much budget you have available for other operating expenses.
The best part is that TaxJar provides training and tutorials and tutorials, not just for their platform , but also everything that has to do with sales tax. You can look through their webinars, guides, or blog posts for additional information. In addition, their sales tax calculator should be useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. For this reason, we’ll look into TaxJar’s pricing tiers and what each of these choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. They say it’s the most suitable plan for you to help you with filing requirements or reporting. It also includes sales tax reporting, 4 autofiles for free each year, 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 company proprietor, then this program will be perfect for you. It may not offer all the features offered by TaxJar, but it has the basic features you require.
You can also contact their customer support via their support chart for email. You’ll also be able to use their integration tools.
If you’re looking to get that is more than the basics Professional may be the best option for you. The price starts at $99 however, it could go up by adding custom features.
What is the difference from the original plan?
Apart from having access to all of the Starter plan’s options, you also have access to their support via phone access to APIs, as well as sophisticated CSV import. You can also receive 12 free AutoFiles every year.
If you have a massive business, you might need to choose the Premium plan instead. It includes all of the features you need to help with your taxes. Additionally, they permit unlimited import integrations of data API integrations, team members and AutoFiles.
They also have a team dedicated in managing your accounts. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Cost To Autofile
However, they did mention that the plan is custom-made to each user. The cost of the plan will be different in line with what you require for your business.
It’s a good thing that you don’t have to gamble your money just to see if this platform is the right one 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 determine if the platform is the right choice for you.
Pros and Cons
After we’ve gone over everything you should be aware of TaxJar Let’s relax. In order to sum up the whole thing Here are the advantages and disadvantages of making use of TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable to USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid out TaxJar can be a great platform companies with multiple sales channels and uses plenty of platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only will it help you track your revenue and products It can also help you meet your deadlines. It’s also an excellent platform for an accountant since they provide a Tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
The use of TaxJar can help you save more time while keeping on top of each deadline and requirement you have to meet. If you’re living in a region with a lot of tax laws, this can definitely help you get your head around the subject. TaxJar Cost To Autofile
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 track everything. Moreover, if you find the entire process easy to do and you’re comfortable with it, you may be better in doing it all by yourself.
FAQ TaxJar Cost To Autofile
What areas does TaxJar offer API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it into USUSD prior to when TaxJar can calculate the tax.