Taxes are always one of the most difficult things to handle regardless of whether you run an enterprise or not. Even more so if you do not have any experience in accounting or finance. Tax-related work can be overwhelming, particularly when your whole day is full of things to be done. When you’re not able to afford enough money to employ an accountant, making it your own can be dangerous. If you miss one detail it could mean you have to redo things again!
Almost everyone wants to avoid this step. However, since it’s mandatory, we have no choice.
So what is the best way to deal with it?
We can always simplify our lives by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can benefit you. Even though this is an extensive read but you’ll be able to gauge whether TaxJar is the tool you require right now.
Do you prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
If you prefer to read, let’s dive right in.
What is TaxJar? TaxJar Geta Human
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it in all of your channels of sales to ensure that you are in compliance with sales tax requirements. It simplifies the processes that require days to complete and can be completed in a matter of just a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by online business owners to ensure that everything is neat and simple. Let’s take a look at the features and services offered by TaxJar.
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Features and services
Integration
One of the first things you’ll need to make sure is that your accounting tax platform perfectly integrates in conjunction with the sales channels you use. If you’re using multiple sales channels, you must ensure that everything is in order. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to show your critical data in one location. That way, there’s no requirement to collect data from different channels and organize it into a single platform. All you have to do is connect TaxJar, and the platform will do all the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar allows customers to make sales tax filings either manually or via TaxJar’s AutoFile feature. For our review we’ll look into both.
If you decide to do it manually, TaxJar will allow you to connect your sales platforms. When the time is right for filing income tax returns TaxJar will train you on how to handle the tax returns. However, it will be up to you and your staff to complete the process in time. TaxJar is there to provide guidance on what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. With this feature, everything is automated, from calculating sales tax in order to record and process them. But, it is possible to incur extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your team will have access to everything you require, including the list of transactions, reports, and the data.
The most appealing aspect of the feature you’ve chosen is they allow you to automatically update every day. Not only can they help you keep track of how much you’ve accumulated, but they also help you keep track of when the next payments are due.
Their dashboard also allows you to see the sales tax totals for your business. Additionally, you can export your data in CSV format. CSV file if you need it for your accounting and financial planning processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep the track of all your sales channels. That means you won’t have to scramble for your documents when you need them in the event of a need. Even if you already have your accountant, this function will aid them in being more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have to cover other operational costs.
The best part is that TaxJar provides training and tutorials and tutorials, not just on their platform, but for anything related to sales tax. You can look through their webinars, guides, and blog for more info. Apart from that, their sales tax calculator can be useful if you’re planning to complete everything yourself.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms provide amazing features, but they’re sometimes too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan costs $19. The company claims that it’s the most suitable plan for you to help you with filing requirements and reporting. It comes with sales tax reporting, 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a small business proprietor, then this program could be ideal for you. It may not offer all of TaxJar’s features however, it does include the essentials that you need.
You can also contact the support team via their email support chart. You’ll also be able to use their integration features.
Professional
If you’re looking for something a bit more than just the standard features and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it if you add custom features.
How different is it from the starter plan?
In addition to accessing each of Starter plan’s features, you also have the support of their customer service via phone, API access, and sophisticated CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you own a huge company, you may need to opt for the Premium plan instead. It comes with all the features needed to make your tax filing easier. In addition, they offer unlimited integrations with data imports, API integrationsfor team users, and AutoFiles.
They also have a staff who are devoted to managing your account. But, they don’t divulge how much the Premium plan is going to cost. TaxJar Geta Human
However, they did mention that the plan is custom-made for each user. Therefore, the cost will differ according to what you require for your company.
Free Trial
Fortunately, you don’t need to gamble your money just to determine if this service is right for you. If you’re still considering different options, they offer 30 days of free trial. It should give you enough time to gauge if the platform is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar Let’s relax. To summarize Here are the pros and cons of the use of TaxJar for your business.
Pros
- Has 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
- Support Service Team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything laid out TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes plenty of platforms. If that sounds like what you’re doing, then you ought to try this.
Not only will it aid in tracking the sales and profits of your business, but 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 will help you save more time while keeping the track of each deadline or requirement you need to meet. If you live in a region with a lot of tax regulations, this will surely help you wrap your head around it. TaxJar Geta Human
But if handling taxes is easy, then TaxJar might not be a good expense. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. In addition, if you’re finding the entire procedure simple to follow then you’re better off doing it on your own.
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FAQ TaxJar Geta Human
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as Australia, 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 with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transaction amounts are n US$. If you’re using a different currency, you will need to convert it into US$ prior to when TaxJar can calculate your tax.
