Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford the funds to engage an accountant doing it on your own can be dangerous. If you make a mistake and you don’t know it, you may have to redo things again!
Most people want to avoid this step. But since it’s required and mandatory, there’s no other choice.
So , what is the best way to deal with it?
It is always possible to make our lives easier by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and explain how it can help you. Although this is quite lengthy, you should be able to assess whether TaxJar is what you need right now.
Do you prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then let’s get right into it.
What exactly is TaxJar? TaxJar Csv Upload
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it in all of the sales channels you use to ensure compliance with sales tax requirements. It makes the process simpler that could require days to complete and finish within only a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by business owners who run online businesses to make their business more neat and simple. Let’s explore the benefits and features of TaxJar.
Features and services
One of the first things you’ll want to check is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, you need to maintain everything in line. The final thing you would like is to get a penalty for missing a single minor point.
TaxJar lets you display your critical metrics in one place. That way, there’s no need to collect data in multiple channels and then organize it on one platform. All you have to do is to integrate TaxJar, and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms they are able to integrate with:
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. In the purpose of this article, we’ll take a look into both.
If you choose to go it alone, TaxJar will allow you to connect all the sales channels you use. When it comes time to filing tax returns for income TaxJar will train you on managing these. It is up to you and your team to finish the tax returns within the timeframe. TaxJar is only there to guide you on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out the forms in a manual manner. Through this feature, everything will be automated from calculating sales tax in order to record and process them. However, there might be extra fees if not included in the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there, you and your team can access everything you require, including the list of transactions, reports, as well as information.
The best part about the feature you’ve chosen is it lets you to automatically update every day. They not only let you keep track of how much you’ve accumulated however, they can also help you track when your following payments are due.
The dashboard allows users to view in detail the total sales tax for your business. It is also possible to export the data in a CSV file, if you want to use it to aid in accounting and financial planning processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep the track of all your sales channels. This means that you don’t have to search for your documents whenever you’re when you’re in a pinch. Even even if you already have an accountant, this function will help them be more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your money more efficiently. You’ll know better how much budget you have available for other operational costs.
What’s more is that TaxJar offers training and tutorials, not just on their platform, but all things connected to sales tax. You can check out their guides, webinars, or blog posts for additional details. Additionally the sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb features, but they can be too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing levels and the features that each of these choices can provide you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan starts at $19. They claim that it’s the best plan for those who need assistance with filing requirements or reporting. It also includes taxes on sales and sales as well as 4 free yearly AutoFiles, and a CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a small-scale company manager, the plan could be perfect for you. It might not include all the features of TaxJar, but it has the basic features you require.
You can also contact their support team with their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for something different from the basic features Professional could be the one for you. The price starts at $99 but it can go higher by adding custom features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and sophisticated CSV import. They also allow you to have 12 free AutoFiles each year.
If you run a large company, you may need to go for the Premium plan instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited data import integrations, API integrations, team members as well as AutoFiles.
They also have a staff that is devoted for managing the account. They don’t reveal the price of the Premium plan. will cost you. TaxJar Csv Upload
However, they did say that this plan is tailor-fit for every user. So the costs will vary in line with what you require to run your business.
Luckily, you don’t have to gamble your money just to determine if this service is the right one for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should give you enough time to see if the platform is a good fit for you.
Pros and Pros and
Now that we’ve covered all you need to know about TaxJar Let’s relax. In order to sum up the whole thing Here are the advantages and disadvantages of using TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- You can track several sales channels
- 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 for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes 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 products and revenue, but it can also help you meet the deadlines you set. This is also an excellent opportunity for accountants since they provide the Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Using TaxJar can help you save more time while keeping on top of each deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this can surely help you wrap your head around the subject. TaxJar Csv Upload
If handling your taxes is simple, 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 track all of it. In addition, if you’re finding the entire process easy to do then you’re better in doing it all by yourself.
FAQ TaxJar Csv Upload
What areas does TaxJar provide API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions are in USdollars. If you’re using a different currency, you will need to convert it into USUSD prior to when TaxJar can calculate the tax.