Taxes have always been among the most difficult things to handle regardless of whether you’re running an enterprise or not. More so if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, particularly when your whole day is packed with things to do. When you’re not able to afford the funds to hire an accountant, making it yourself can be risky. If you overlook one thing it could mean you need to repeat the process!
Nearly everyone would prefer to skipping this step. But since it’s required, we have no choice.
What can we do ?
We can always make life easier by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can assist you. Although this is quite lengthy but you’ll be able to gauge whether TaxJar is the tool you require today.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, then let’s dive right in.
What exactly is TaxJar? TaxJar For Amazon
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculations. It is a solution for the entire life cycle. Furthermore, you can utilize it in all of your channels of sales to ensure that you are in compliance with sales taxes. It streamlines processes that require days to complete and can be completed in a matter of just a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is used extensively by business owners who run online businesses to keep everything organized and straightforward. Let’s look into their features and services.
Features and services
One of the most important things you’ll want to check is that your accounting tax platform seamlessly works well along with sales funnels. If you have multiple sales channels, you need to keep everything in place. The most important thing is not to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to show your critical metrics in one place. That way, there’s no need to collect data in multiple channels and then organize it on a single platform. All you need to do is to integrate TaxJar, then the system will do the rest.
Apart from that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar lets customers make sales tax filings manually or through TaxJar’s AutoFile feature. For this review, we’ll take a look into both.
If you decide to do it manually, TaxJar will allow you to connect all the sales channels you use. Once the time comes for filing income tax returns The team will guide you on managing them. It is up to you and your team members to complete the process within the timeframe. TaxJar is only there to guide you on what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. This feature will ensure that everything will be automated from calculating sales taxes in order to record and process them. However, there might be extra fees if not included in the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. Once you’re on the platform you and your team can access everything you need, such as an inventory of your transactions, reports and information.
The best part about this feature is that they allow you to automatically update every day. Not only can they help you know how much you’ve accumulated however, they can also help you track when your following payment is due.
Their dashboard can also allow users to view in detail the sales tax totals for your business. Additionally, you can export the information to a CSV file in case you require it in your financial planning and accounting processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep track of all of your sales channels. That means you won’t have to search for your documents when you’re in the event of a need. Even when you already have your accountant, this feature can help them be more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your funds more effectively. You’ll be aware of the budget you have available for other operating expenses.
What’s more is that TaxJar provides training and tutorials, not just for their platform but for anything connected to sales tax. Check out their webinars, guides, or blog posts for additional info. Apart from that the sales tax calculator is beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms provide amazing features, but they can be too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing tiers and the features that each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan costs $19. They claim that it’s the most effective plan for those who need assistance with filing requirements or reporting. It includes the tax on sales, 4 autofiles for free each year, and the option of a CSV import. Even with the basic plan, you have access to their AI tax tips.
If you’re a smaller business owner, this plan will be ideal for you. It may not offer all the features of TaxJar however, it does include the basic features you require.
Additionally, you can contact the support team via their email support chart. You’ll also have access to their integration features.
If you’re looking for a bit more than just the basics and options, then the Professional plan could be the one for you. The price starts at $99 however, it could go up when you add additional features.
What is the difference from the starter plan?
In addition to having access to all of the Starter plan’s features, you also have their phone customer support, API access, and advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you run a large business, you might need to opt for the Premium plan instead. It has all of the features that you require to make your tax filing easier. Additionally, they permit unlimited integrations with data imports API integrationsfor team users and AutoFiles.
They also have a staff that is devoted to managing your account. They don’t reveal how much the Premium plan is going to cost. TaxJar For Amazon
But they did state that this plan is customized for each user. So the costs will vary in line with what you require for your business.
Fortunately, you don’t need to risk your money to find out if the platform is for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to gauge whether the software is the right choice for you.
Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing, here are the advantages and disadvantages of making use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers an online 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
- You can track several 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
- Needs accountants and owners to check local legislation
The Final Verdict
With everything clearly laid out TaxJar can be a great platform businesses with many sales channels and utilizes many platforms. If that’s what you’re doing, then must try TaxJar.
Not only will it help you track the sales and profits of your business however, it will help you meet your deadlines. It is also a great platform for an accountant since they provide tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
The use of TaxJar can allow you to reduce time and keep the track of each deadline and obligation you have to fulfill. If you live in a region with a lot of tax laws, this can certainly help you to get your head around it. TaxJar For Amazon
If handling your taxes is straightforward, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track all of it. In addition, if you find the entire procedure simple to follow, you might be better to do it by yourself.
FAQ TaxJar For Amazon
Which areas does TaxJar provide API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account with 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 USdollars. If you’re using a different currency, you’ll have to convert it into US$ before TaxJar determines the tax.