Taxes have always been among the most difficult tasks to complete regardless of whether you’re running your own business or not. Particularly if you don’t have a background in finance or accounting. Tax-related tasks aren’t easy, particularly when you’re filled with tasks to complete. If you don’t have enough money to engage an accountant making it your own can be risky. If you make a mistake it could mean you need to repeat the process!
Almost everyone wants to skip this step. But since it’s required and mandatory, there’s no other choice.
What is the best way to deal with it?
We can always make life easier by using tools like TaxJar.
This article will take a look at this life-saving device and how it can assist you. Although this is quite an extensive read but you’ll be able to assess whether TaxJar is exactly what you need in the present.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
If you prefer to read, we’ll dive right into.
What is TaxJar TaxJar Free Alternative
Founded in 2013, TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it across all of the sales channels you use to ensure compliance with sales taxes. It simplifies the processes that require days to complete and is completed in just a few just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by online business owners to ensure that everything is organized and straightforward. Let’s explore their features and services.
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Features and services
Integration
One of the first things you’ll need to make sure is your tax-reporting platform seamlessly works well along with sales funnels. If you’re selling through multiple channels, you must keep everything in place. The last thing you want is to be penalized for missing a single minor point.
TaxJar lets you display your most important metrics in one place. That way, there’s no requirement to collect information from multiple sources and sort it into one platform. All you have to do is connect TaxJar, it will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms they can integrate with:
Filing
TaxJar lets customers submit their sales tax manually or through TaxJar’s AutoFile feature. For our review we’ll dig into both.
If you opt to go it alone, TaxJar will allow you to connect all those sales tools. Once the time comes for the filing of income tax returns TaxJar will train you on managing the tax returns. However, it will be up for you and your team members to complete everything within the timeframe. TaxJar is there to guide you on what you have to do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. This feature will ensure that everything will be automated from calculating sales taxes to recording and processing it. There could be additional costs if the feature is not included in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be compiled into a single dashboard through this platform. From there you and your team will have access to everything you need, such as a list of your transactions, reports and data.
The best part about this feature is that they allow you to update your account automatically each day. Not only can they help to know the amount you’ve accumulated, but they also help you determine when your next payment is due.
Their dashboard can also allow you to see the total sales tax for your business. You can also export the information in CSV format. CSV file if you need it in your financial planning and accounting processes or if your team requires it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all your sales channels. That means you won’t have to search for your documents when you need them in a pinch. Even when you already have your accountant, this function will make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your money more efficiently. You’ll know exactly how much budget you have for other operational costs.
What’s more is that TaxJar offers training and tutorials not only for their platform , but also everything connected to sales tax. Check out their webinars, guides, as well as their blog to find more info. In addition, their sales tax calculator can be helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of these choices can provide you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan starts at $19. They say it’s the most effective plan if you need help with filing requirements and reporting. It also includes the tax on sales, four free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you can access their AI tax tips.
If you’re a smaller company owner, this plan should be perfect for you. It may not offer all the features offered by TaxJar, but it has the basic features you require.
You can also contact their support team with their email support chart. You’ll also be able to use their integration tools.
Professional
If you’re looking to get that is more than the standard features Professional could be the one for you. It’s priced at $99 however, it could go up if you add custom features.
So how different is it from the basic plan?
In addition to accessing each of Starter plan’s features, you also have their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you own a huge business, you might need to opt for the Premium plan instead. It comes with all the features needed to help with your taxes. Additionally, they permit unlimited data import integrations as well as Integrations with APIs, teams of users as well as AutoFiles.
There is also a team dedicated to managing your account. However, they don’t disclose the amount that the Premium plan costs you. TaxJar Free Alternative
However, they did mention that this plan is customized for every user. So the costs will vary depending on what you need for your company.
Free Trial
Fortunately, you don’t need to bet your life on it to see if this platform is right for you. If you’re still considering various options, they provide a 30-day free trial. This should give you enough time to determine if the platform is the right choice for you.
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Pros and Cons
After we’ve gone over everything you must know about TaxJar let’s take a breather. To summarize Here are the advantages and disadvantages of making use of TaxJar for your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features 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
- Offers a 30-day free trial
- 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
- Some countries won’t be able to access the API feature.
- Only applicable to USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to businesses with many sales channels and utilizes plenty of platforms. If that sounds like what you do, then you must try TaxJar.
Not only will it help you track your products and revenue It can help you meet your deadlines. This is also an excellent opportunity for accountants since they have a Tax Advisor program. You can get tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar can allow you to reduce time and keep track of every deadline and requirement you have to meet. If you live in an area with complex tax laws, this will certainly help you to get your head around it. TaxJar Free Alternative
However, if managing your taxes is straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to keep track of everything. If you find the whole process easy to do then you’re better off doing it on your own.
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FAQ TaxJar Free Alternative
Which areas does TaxJar offer API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I 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 using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transactions’ amounts are in US$. If you’re using another currency, you’ll have to convert it into USUSD prior to when TaxJar can calculate your tax.
