Taxes have always been among the most difficult tasks to complete, whether you’re running your own business or not. Even more so if you do not have a degree in finance or accounting. Tax-related tasks can be overwhelming, especially when you’re filled with tasks to complete. If you don’t have the funds to hire an accountant, performing the task on your own could be risky. If you miss one detail it could mean you have to do it all over again!
Most people want to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
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 well-known life-saving tool and how it can benefit you. Even though this is a long read, you should be able to assess whether TaxJar is the tool you require in the present.
Prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, we’ll dive right into.
What is TaxJar TaxJar How To Register
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. 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 your sales taxes. It simplifies the processes that take days to complete and is completed in just a few just a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is widely used by business owners who run online businesses to ensure that everything is neat and simple. Let’s look into the features and services offered by TaxJar.
Services and features
One of the first things you’ll want to check you have a tax accounting platform seamlessly works well along with sales funnels. If you have multiple sales channels, you must maintain everything in line. The final thing you would like is to be penalized for not paying attention to a minor thing.
TaxJar lets you display your critical metrics in one place. This means that there is no need to collect data in multiple channels and sort it into one platform. All you need to do is to integrate TaxJar, then the system will handle the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows clients to file their sales taxes manually or through their AutoFile feature. For this review, we’ll take a look into both.
If you decide to go it alone, TaxJar will allow you to connect the sales channels you use. When it comes time to filing tax returns for income The team will guide you on how to manage the tax returns. It is up to you and your team to finish the tax returns in time. TaxJar is there to help you understand what you need to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out all forms by hand. Through this feature, everything will be automated, from calculating sales tax to recording and processing them. But, it is possible to incur additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting problems. The orders you place through your online channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your staff can access everything you need, like a list of your transactions, reports and the data.
The best part about the feature you’ve chosen is it lets you to update automatically every day. They not only let you know how much you’ve collected and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow you to see the total sales tax for your business. It is also possible to export the information as CSV format. CSV file, if you want to use it to aid in financial planning and accounting processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the channels you sell through. That means you won’t have to scramble for your documents whenever you’re in the event of a need. Even even if you already have an accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will help you plan your funds better. You’ll know better how much budget you have available for other operating expenses.
But what’s even better is that TaxJar offers training and tutorials, not just for their platform , but also for anything related to sales tax. You can look through their webinars, guides, and blog for more information. Additionally their sales tax calculator is helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. For this reason 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 that are: Professional, Starter and Premium.
The Starter plan starts at $19. They claim that it’s the best plan for those who need assistance with filing requirements or reporting. It comes with sales tax reporting, four free yearly AutoFiles, and an CSV import. With the starter plan, you can access their AI tax advice.
If you’re a small company manager, the plan will be ideal for you. It may not offer all the features of TaxJar however, it does include the basic features you require.
You can also contact their customer support via their support chart for email. You’ll also be able to use their integration tools.
If you’re looking to get a bit more than just the standard features Professional could be the one for you. It starts at $99, but you can increase it if you add custom features.
What is the difference from the basic plan?
Apart from having access to each of 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 have 12 free AutoFiles each year.
If you own a huge company, you may need to opt for an upgrade instead. It comes with all the features you need to help with your taxes. In addition, they offer unlimited import integrations of data, API integrationsfor team users as well as AutoFiles.
There is also a team who are devoted to managing your account. But, they don’t divulge how much the Premium plan costs you. TaxJar How To Register
But they did state that this plan is customized for each user. So the costs will vary according to what you require for your business.
Fortunately, you don’t need to gamble your money just to find out if the platform is for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. This should be enough time to see if the platform is a good fit for you.
Pros and Pros and
We’ve covered everything you must be aware of TaxJar let’s take a breather. To sum it all up Here are the pros and cons of the use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to businesses with many sales channels and utilizes many platforms. If that sounds like what you’re doing, then ought to try this.
Not only can it aid in tracking the sales and profits of your business It can help you meet your deadlines. This is also an excellent opportunity for accountants since they have a Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
Utilizing TaxJar can allow you to reduce time and keep track of every deadline or requirement you need to meet. If you live in an area with complex tax laws, this will surely help you wrap your head around the subject. TaxJar How To Register
However, if managing your taxes is straightforward and straightforward, then TaxJar might not be a good expense. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better in doing it all on your own.
FAQ TaxJar How To Register
What areas does TaxJar provide API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions’ amounts are in USdollars. If you’re using a different currency, you will need to convert it into US$ before TaxJar can calculate the tax.