Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running your own business or not. More so if you don’t have a degree in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is full of things to be done. In the event that you do not have the budget to hire an accountant, making it your own could be risky. If you overlook one thing it could mean you have to do it all over again!
Most people want to skip this step. However, since it’s mandatory, we have no choice.
What can we do about it?
It is always possible to 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, you should be able to determine if TaxJar is what you need today.
Prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar TaxJar Help Phone
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all of your sales channels to ensure compliance with sales tax requirements. It streamlines processes that take days to complete and finish within 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 used extensively by online business owners to make their business more neat and simple. Let’s explore the features and services offered by TaxJar.
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Features and services
Integration
One of the most important things you’ll need to ensure is your tax-reporting system is compatible in conjunction with the sales channels you use. If you’re using multiple sales channels, you must maintain everything in line. The last thing you want is to be penalized for overlooking just one minor detail.
TaxJar lets you display your critical metrics in one place. This means that there is no need to gather data in multiple channels and organize it into a single 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 can help with payment processing. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar allows clients to file their sales taxes manually or through TaxJar’s AutoFile feature. For the purpose of this article, we’ll take a look into both.
If you decide to do it manually, TaxJar will allow you to connect all those sales tools. When the time is right for filing tax returns for income The team will guide you on managing these. However, it will be up to you and your team to complete everything in time. TaxJar will only guide you on what you should do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit any forms manually. This feature will ensure that everything is automated, from calculating sales tax to recording and processing them. There could be additional costs if the feature is not included in the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be compiled into a single dashboard via 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, as well as information.
The most appealing aspect of this option is the fact that it lets you to update your account automatically each day. Not only can they help you know how much you’ve earned and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard can also allow you to see the total sales tax in your business. Additionally, you can export the information to a CSV file if you need it in your financial planning and accounting processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all the sales avenues you use. That means you won’t have to hunt for your paperwork when you need them when you’re in a pinch. Even when you already have your accounting firm, the feature will make them more efficient.
Additionally, knowing the figures for your sales tax in advance will allow you to allocate your money more efficiently. You’ll be aware of the budget you have for other operating expenses.
The best part is that TaxJar offers training and tutorials not only on their platform, but all things connected to sales tax. You can check out their webinars, guides or blog posts for additional info. Apart from that the sales tax calculator can be useful if you’re planning to do everything on your own.
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How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms provide amazing features, but they’re sometimes too costly for the business you run. This is why in this section, we’ll look into TaxJar’s pricing structures and what each of these choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan is priced at $19. They say it’s the most suitable plan for you to help you with filing requirements and reporting. It includes sales tax reporting, 4 autofiles for free each year, and an CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller company proprietor, then this program should be ideal for you. It might not include all the features offered by TaxJar however, it does include all the basics you require.
In addition, you can reach their support team with their email support chart. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking to get that is more than the basics Professional might be the right one for you. The price starts at $99 but you can increase it when you add additional features.
So how different is it from the original plan?
Apart from having access to all of the Starter plan’s features, you also get access to their phone customer support access to APIs, as well as advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you own a huge business, you might need to opt for an upgrade instead. It has all of the features that you require to aid in your tax preparation. Additionally, they permit unlimited integrations with data imports, Integrations with APIs, teams of members as well as AutoFiles.
They also have a team dedicated for managing the account. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Help Phone
However, they did say that this plan is customized for each user. So the costs will vary depending on what you need to run your business.
Free Trial
Fortunately, you don’t need to bet your life on it 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 give you enough time to determine if the platform is a good fit for you.
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Pros and Cons
We’ve covered everything you should know about TaxJar Let’s relax. To summarize we’ll go over the advantages and disadvantages of making use of TaxJar for your company.
Pros
- Has 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
- It offers a free trial of 30 days.
- 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
- Some countries won’t be able to access the API feature
- Only applicable for USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies with numerous sales channels, and that utilizes plenty of platforms. If that sounds like what you do, then you ought to try this.
Not only can it assist you in keeping track of your revenue and products however, it will also help you meet the deadlines you set. It is also a great platform for an accountant since they provide tax Advisor program. There are tips to follow and gain knowledge from their workshops on taxes by using it.
Using TaxJar will help you save more time while keeping track of every deadline and requirement you have to meet. If you’re in a place with complicated tax laws, this can definitely help you get your mind around it. TaxJar Help Phone
But if handling your taxes is straightforward, then TaxJar could be a waste of investment. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire procedure simple to follow and you’re comfortable with it, you may be better off doing it on your own.
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FAQ TaxJar Help Phone
What areas does TaxJar provide API support?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions are in USdollars. If you’re using another currency, you’ll need to convert it to USdollars prior to when TaxJar will calculate the tax.
