Taxes are always one of the hardest things to do regardless of whether you run your own business or not. More so if you don’t have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford enough money to engage an accountant performing the task on your own can be dangerous. If you miss one detail and you don’t know it, you may have to do it all over again!
Most people want to avoid this step. But , as it’s a requirement, we have no choice.
So , what can we do ?
We can make our lives easier with tools such as TaxJar.
Here we’ll take a look at this life-saving device and how it can assist you. Even though this is lengthy, you should be able to assess whether TaxJar is exactly what you need today.
Prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, then let’s get right into it.
What is TaxJar? TaxJar Customer Success Salary
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it across all your sales channels to make sure you’re in compliance with your sales taxes. It streamlines processes that can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is widely used by owners of online businesses to keep everything neat and simple. Let’s explore the features and services offered by TaxJar.
Services and features
One of the first things you’ll want to check you have a tax accounting platform is compatible along with sales funnels. If you’re selling through multiple channels, you must ensure that everything is in order. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your critical metrics in one place. So, there’s no need to collect data from different channels and sort it into one platform. All you have to do is connect TaxJar then the system will handle all the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar lets customers make sales tax filings manually or through the AutoFile feature. In this review, we’ll dig at both.
If you opt to do it manually, TaxJar will allow you to connect all the sales channels you use. Once the time comes for the filing of income tax returns The team will guide you on how to handle them. However, it will be up to you and your team to complete everything in time. TaxJar is only there to provide guidance on what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit all forms by hand. With this feature, everything will be automated, from calculating sales tax through recording, and then processing them. There could be extra fees if not part of the plan you select.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to assist you with your accounting woes. Your orders from your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform you and your staff will have access to all the information you need, like the list of transactions, reports and information.
The greatest benefit of the feature you’ve chosen is they allow you to automatically update every day. Not only will they let you keep track of how much you’ve collected, but they also help you track when your following payments are due.
The dashboard allows you to fully view the total sales tax in your business. It is also possible to export the data to the form of a CSV file if you need it in your financial planning and accounting processes or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep the track of all your sales channels. That means you won’t have to hunt for your paperwork when you need them in the event of a need. Even even if you already have an accountant, this feature will make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds more effectively. You’ll be aware of the budget you have available for other operating costs.
The best part is that TaxJar offers tutorials and training, not just for their platform but all things related to sales tax. Check out their webinars, guides, as well as their blog to find more details. In addition the sales tax calculator can be helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Certain platforms have amazing capabilities, but they’re often too costly for the business you run. This is why in this section we’ll examine TaxJar’s pricing structures and what each of these plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. The company claims that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It comes with taxes on sales and sales as well as four autofiles for free each year, and the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small company owner, this plan should be ideal for you. It might not include all of TaxJar’s features, but it has the essentials that you need.
Additionally, you can contact their support team with their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for something a bit more than just the standard features Professional might be the right one for you. It starts at $99, but you can increase it by adding custom features.
How different is it from the starter 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 the ability to do advanced 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 has all of the features needed to make your tax filing easier. In addition, they offer unlimited data import integrations API integrations, team users and AutoFiles.
They also have a team dedicated for managing the account. However, they don’t disclose the amount that the Premium plan is going to cost. TaxJar Customer Success Salary
However, they did say that this plan is customized to each user. The cost of the plan will be different depending on what you need for your business.
Fortunately, you don’t need to bet your life on it to find out if the platform is the right one for you. If you’re still considering different options, they offer 30 days of free trial. This should give you enough time to determine if the platform is a good fit for you.
Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar Let’s relax. To summarize, here are the pros and cons of making use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers on the internet for sales tax 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.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only valid for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid out TaxJar can be a great platform businesses with numerous sales channels, and that utilizes plenty of platforms. If that’s what you’re doing, then must try TaxJar.
It’s not just a way to aid in tracking the sales and profits of your business It can also help you meet your deadlines. It is also a great option for accountants as they have tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
The use of TaxJar can help you reduce time and keep on top of each deadline and requirement you have to fulfill. If you live in an area with complex tax regulations, this will certainly help you to get your head around the subject. TaxJar Customer Success Salary
But if handling taxes is easy 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. If you’re finding the entire procedure simple to follow, you might be better off doing it on your own.
FAQ TaxJar Customer Success Salary
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it into USdollars before TaxJar can calculate your tax.