Taxes are always one of the hardest things to do regardless of whether you’re running your own business or not. More so if you don’t have a degree in finance or accounting. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have enough money to engage an accountant performing the task on your own could be dangerous. If you make a mistake, you might have to do it all over again!
Nearly everyone would prefer to skip this step. However, since it’s mandatory and mandatory, there’s no other choice.
So what can we do ?
It is always possible to simplify our lives with tools such as TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can help you. While this is lengthy it is possible to gauge whether TaxJar is exactly what you need right now.
Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
But for those who prefer to read, then we’ll dive right into.
What exactly is TaxJar? TaxJar Enrolling In Autofile
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. It’s a solution for your entire sales tax life cycle. Additionally, you can use it in all of your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that can take days to complete, and finish within just a few minutes.
TaxJar has been used in various industries like 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 explore their features and services.
Services and features
One of the first things you’ll want to check is your tax-reporting system seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, it is essential to keep everything in place. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar allows you to display your key metrics in one spot. That way, there’s no need to collect data in multiple channels and organize it into one platform. All you have to do is connect TaxJar, it will do all the rest.
Other than that, TaxJar also integrates with other platforms that can help with payments. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to submit their sales tax by hand or using their AutoFile feature. In this review, we’ll look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. When it comes time to filing income tax returns The team will guide you on how to manage them. However, it will be up to you and your team to complete the process on time. TaxJar is only there to provide guidance on what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit any forms manually. Through this feature, everything is automated, from calculating sales tax to recording and processing them. There could be extra fees if not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be put together into one dashboard using this platform. Once you’re on the platform you and your team will have access to everything you require, including an inventory of your transactions, reports, as well as information.
The most appealing aspect of this option is the fact that it allows you to update automatically every day. They not only let you keep track of how much you’ve accumulated, but they also help you track when your following payments are due.
Their dashboard can also allow users to view in detail the sales tax totals within your company. It is also possible to export the data to the form of a CSV file in case you require it to aid in financial planning and accounting processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of the sales avenues you use. It means you don’t need to search for your documents whenever you’re when you’re in a pinch. Even when you already have your accounting firm, the feature will help them be more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll know better how much budget you have available for other operational costs.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform , but also all things related to sales tax. You can check out their webinars, guides, and blog for more info. In addition their sales tax calculator is useful if you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Certain platforms have amazing features, but they can be too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing tiers and what each of those choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan is priced at $19. They say it’s the most effective plan for those who need assistance in filing and reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you have access to their AI tax recommendations.
If you’re a smaller business manager, the plan could be ideal for you. It might not include all the features of TaxJar, but it has the essentials that you need.
Additionally, you can contact their customer support via their email support chart. You’ll also have access to their integration tools.
If you’re looking to get different from the basics and options, then the Professional plan could be the one for you. It’s priced at $99 but you can increase it by adding custom features.
How different is it from the original plan?
In addition to accessing all of the Starter plan’s options, you also have access to the support of their customer service via phone Access to APIs, phone support, and sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you own a huge enterprise, you may want to opt for premium plans instead. It has all of the features needed to make your tax filing easier. Moreover, they allow unlimited import integrations of data Integrations with APIs, teams of members, and AutoFiles.
There is also a team that is devoted for managing the account. But, they don’t divulge the price of the Premium plan. costs you. TaxJar Enrolling In Autofile
However, they did mention that this plan is tailor-fit for each user. Therefore, the cost will differ in line with what you require to run your business.
It’s a good thing that you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still looking into different options, they offer 30 days of free trial. This should be enough time to gauge if the platform is the right choice for you.
Pros and Cons
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. To sum it all up Here are the advantages and disadvantages of using TaxJar for your company.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Support service team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- 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 applicable for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid out, TaxJar is an excellent platform for businesses with many sales channels and utilizes plenty of platforms. If that sounds like what you’re doing, then should try this.
It’s not just a way to assist you in keeping track of the sales and profits of your business It can also help you meet the deadlines you set. It is also a great opportunity for accountants since they have tax Advisor program. You can find tips and get knowledge from their seminars about taxes through it.
Using TaxJar can help you get more done while keeping track of every deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this can definitely help you get your head around it. TaxJar Enrolling In Autofile
If handling your taxes is simple, then TaxJar could be a waste of expense. If you only have one or two sales channels, TaxJar won’t be needed to keep track of all of it. If you’re finding the entire procedure simple to follow then you’re better to do it by yourself.
FAQ TaxJar Enrolling In Autofile
Which areas does TaxJar offer API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I connect Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transaction amounts are n US$. If you’re using a different currency, you’ll have to convert it to USUSD before TaxJar determines the tax.