Taxes have always been among the most difficult things to handle regardless of whether you’re running your own business or not. Particularly if you don’t have any experience in accounting or finance. Tax-related work aren’t easy, particularly when you’re full of things to be done. If you don’t have the funds to hire an accountant, performing the task on yourself can be risky. If you overlook one thing it could mean you need to repeat the process!
Most people want to avoid this step. But since it’s required, we have no choice.
What is the best way to deal with it?
We can always make our lives easier by using tools like TaxJar.
This article will take a look at this popular life-saving tool and explain how it can benefit you. While this is an extensive read but you’ll be able to determine if TaxJar is what you need in the present.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar TaxJar Customer Support
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it in all of the sales channels you use to make sure you’re in 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 a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to make their business more organized and straightforward. Let’s look into the benefits and features of TaxJar.
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Features and services
Integration
One of the most important things you’ll need to ensure you have a tax accounting system seamlessly works well in conjunction with the sales channels you use. If you’re selling through multiple channels, you must maintain everything in line. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your most important metrics in one spot. This means that there is no need to collect data from different channels and sort it into one platform. All you need to do is integrate TaxJar, it will do all the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms that they can connect with:
Filing
TaxJar allows clients to make sales tax filings either manually or via TaxJar’s AutoFile feature. In our review we’ll look at both.
If you choose to do it manually, TaxJar will allow you to connect all of the sales channels you use. When the time is right for filing income tax returns, the team will instruct you on how to handle the tax returns. However, it will be up for you and your team members to complete the process in time. TaxJar is there to guide you on what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out any forms manually. With this feature, everything will be automated, from calculating taxes on sales to recording and processing it. But, it is possible to incur extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting woes. The orders you place through your online channels can be compiled into a single dashboard through this platform. From there you and your staff will have access to everything you need, such as a list of your transactions, reports and the data.
The best part about this feature is that they allow you to automatically update every day. Not only will they let to know the amount you’ve accumulated however, they can also help you track when your following payments are due.
Their dashboard also allows users to view in detail the overall sales taxes for your business. Additionally, you can export the information in the form of a CSV file, if you want to use it to aid in financial planning and accounting processes or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all your sales channels. This means that you don’t have to search for your documents when you’re in a pinch. Even if you already have your accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have to cover other operating costs.
But what’s even better is that TaxJar offers training and tutorials, not just for their platform but for anything that has to do with sales tax. Check out their webinars, guides, or blog posts for additional information. Apart from that their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We know how crucial it is to establish 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 tiers and what each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements or reporting. It includes sales tax reporting, four free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a smaller business owner, this plan could be perfect for you. It might not include all the features of TaxJar however, it does include the basic features you require.
Additionally, you can contact their customer support via their email support chart. You’ll also have access to their integration features.
Professional
If you’re looking for different from the basics Professional could be the one for you. It starts at $99, but you can increase it when you add additional features.
How different is it from the basic plan?
In addition to having access to all of the Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you run a large business, you might need to choose the Premium plan instead. It includes all of the features that you require to help with your taxes. Additionally, they permit unlimited import integrations of data Integrations with APIs, teams of users as well as AutoFiles.
There is also a team dedicated for managing the account. But, they don’t divulge how much the Premium plan will cost you. TaxJar Customer Support
However, they did say that this plan is customized to each user. The cost of the plan will be different in line with what you require to run your business.
Free Trial
Fortunately, you don’t need to risk your money to determine if this service is right for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. This should be enough time to determine if the platform is an excellent fit for you.
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Pros and Cons
After we’ve gone over everything you should be aware of TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over the advantages and disadvantages of the use of TaxJar to run your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Has 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.
- It allows you to monitor multiple 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 laid down, TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes many platforms. If this sounds like the way you do, then you must try TaxJar.
It’s not just a way to help you track your products and revenue It can also help you meet the deadlines you set. This is also an excellent opportunity for accountants since they provide tax Advisor program. You can find tips and learn from their sessions about taxes through it.
Utilizing TaxJar can allow you to get more done while keeping on top of each deadline or requirement you need to fulfill. If you’re in a place with complicated tax laws, this can certainly help you to get your head around the subject. TaxJar Customer Support
But if handling your taxes is simple and straightforward, then TaxJar might not be a good expense. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you’re finding the entire process easy to do, you might be better to do it on your own.
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FAQ TaxJar Customer Support
What are the areas in which TaxJar provide 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 integrate Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transaction amounts are n US$. If you’re using a different currency, you will need to convert it into USUSD before TaxJar can calculate your tax.
