Taxes have always been among the most difficult things to handle, whether you’re running a business or not. More so if you don’t have a background in finance or accounting. Tax-related issues can be overwhelming, particularly when your whole day is full of things to be done. If you don’t have enough money to hire an accountant, doing it on your own can be dangerous. If you miss one detail and you don’t know it, you may have to redo things again!
Most people want to skipping this step. But since it’s required and mandatory, there’s no other choice.
What can we do ?
We can make our lives easier by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can benefit you. While this is a long read, you should be able to gauge whether TaxJar is what you need in the present.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, then let’s get right into it.
What is TaxJar? TaxJar Developer
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It is a solution for the entire life cycle. Furthermore, you can utilize it across all of your sales channels to ensure that you are in compliance with sales taxes. It makes the process simpler that could take days to complete and can be completed in a matter of minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is extensively used by online business owners to keep everything organized and straightforward. Let’s look into their features and services.
Services and features
One of the most important things you’ll need to ensure is that your accounting tax platform seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you must maintain everything in line. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one spot. So, there’s no requirement to collect data in multiple channels and then organize it on one platform. All you have to do is integrate TaxJar and the platform will do the rest.
Apart from that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows clients to submit their sales tax manually or through their AutoFile feature. In our review we’ll dig at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. When the time is right for the filing of income tax returns TaxJar will train you on how to handle them. It is up for you and your team to complete everything on time. TaxJar is there to help you understand what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. With this feature, everything is automated, from calculating sales tax in order to record and process them. However, there might 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 issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there you and your team will have access to all the information you need, like the list of transactions, reports, and 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 keep track of how much you’ve earned and how much you’ve earned, but they also let you keep track of when the next payment is due.
Their dashboard can also allow users to view in detail the total sales tax within your company. It is also possible to export the data as a CSV file in case you require it for your process of financial planning and accounting or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the sales avenues you use. This means that you don’t have to scramble for your documents when you’re in a pinch. Even even if you already have an accountant, this function will make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time can help you allocate your funds better. You’ll know better how much budget you have to cover other operational costs.
The best part is that TaxJar offers training and tutorials not only for their platform , but also all things related to sales tax. You can look through their guides, webinars, as well as their blog to find more information. Additionally their sales tax calculator is beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing structures and what each of those choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. They claim that it’s the most suitable plan for you for those who need assistance in filing and reporting. It includes sales tax reporting, 4 free yearly AutoFiles, and an CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a small company owner, this plan will be ideal for you. It may not offer all the features of TaxJar however, it does include all the basics you require.
You can also contact their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking to get different from the basics and options, then the Professional plan could be the one for you. It starts at $99, but you can increase it when you add additional features.
What is the difference from the starter plan?
In addition to accessing every one of Starter plan’s options, you also have access to their phone customer support access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you have a massive enterprise, you may want to choose premium plans instead. It has all of the features that you require to help with your taxes. Additionally, they permit unlimited data import integrations API integrationsfor team users and AutoFiles.
They also have a staff dedicated in managing your accounts. But, they don’t divulge the amount that the Premium plan will cost you. TaxJar Developer
But they did state that this plan is tailor-fit 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 risk your money to find out if the platform is right for you. If you’re still considering different options, they offer a 30-day free trial. This should be enough time to see whether the service is the right choice for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar Let’s relax. To sum it all up Here are the pros and cons of using TaxJar to run your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers an online 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.
- Allows you to track multiple sales channels
- 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
- It is important for owners and accountants to review local laws
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses plenty of platforms. If that sounds like what you’re doing, then you should try this.
Not only can it assist you in keeping track of the sales and profits of your business, but it can assist you in meeting your deadlines. It is also a great option for accountants as they provide a Tax Advisor program. You can get tips and gain knowledge from their workshops about taxes through it.
Using TaxJar can allow you to save more time while keeping the track of each deadline and obligation you have to fulfill. If you’re in a place with complicated tax laws, this will certainly help you to get your head around it. TaxJar Developer
If handling taxes is easy If it isn’t, then TaxJar could be a waste of expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track all of it. If you’re finding the entire procedure simple to follow then you’re better in doing it all by yourself.
FAQ TaxJar Developer
Which areas does TaxJar offer API support?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transactions’ amounts are in US$. If you’re using a different currency, you’ll have to convert it to USUSD before TaxJar can calculate the tax.