Taxes are always one of the hardest things to do regardless of whether you run your own business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is full of things to be done. When you’re not able to afford the budget to engage an accountant making it yourself can be dangerous. If you miss one detail it could mean you have to do it all over again!
Nearly everyone would prefer to avoid this step. However, since it’s mandatory and mandatory, there’s no other choice.
So what can we do ?
It is always possible to make life easier by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving tool and explain how it can assist you. Although this is quite a long read it is possible to gauge whether TaxJar is what you need right now.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
But for those who prefer to read, let’s dive right in.
What exactly is TaxJar? TaxJar Integrations
In 2013, TaxJar was established. TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It is a solution for your entire sales tax life cycle. In addition, you can apply it across all the sales channels you use to ensure that you are in compliance with your sales taxes. It makes the process simpler that could take days to complete and finish within minutes.
TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to keep everything organized and straightforward. Let’s take a look at their features and services.
Features and services
One of the first things you’ll need to make sure is that your accounting tax platform perfectly integrates along with sales funnels. If you have multiple sales channels, you must ensure that everything is in order. The final thing you would like is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your critical metrics in one spot. This means that there is no need to gather information from multiple sources and organize it into a single platform. All you need to do is integrate TaxJar and the platform will take care of the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms that they can connect with:
TaxJar allows customers to make sales tax filings by hand or using the AutoFile feature. In our review we’ll dig at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. When the time is right for filing income tax returns, the team will instruct you on managing them. It is up to you and your team members to complete the process in time. TaxJar is there to guide you on what you have to do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out all forms by hand. This feature will ensure that everything is automated, from calculating sales tax in order to record and process them. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. Your orders from your e-commerce channels can be put together 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 the data.
The best part about this option is the fact that they allow you to update your account automatically each day. They not only let you know how much you’ve accumulated however, they can also help you determine when your next payments are due.
The dashboard allows you to see the total sales tax for your business. You can also export the information as a CSV file in case you require it to aid in financial planning and accounting processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep on top of all your sales channels. This means that you don’t have to scramble for your documents when you need them in the event of a need. Even when you already have your accountant, this feature will help them be more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have to cover other operational expenses.
The best part is that TaxJar offers training and tutorials not only for their platform but everything connected to sales tax. You can look through their webinars, guides or blog posts for additional information. Apart from that, their sales tax calculator is helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing tiers and what each of those options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. They say it’s the best plan for those who need assistance with filing requirements and reporting. It also includes taxes on sales and sales as well as 4 annual AutoFiles for free, as well as an CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a small-scale business proprietor, then this program could be ideal for you. It may not offer all the features of TaxJar however, it does include the essentials that you need.
In addition, you can reach their customer support via their support chart for email. You’ll also be able to use their integration features.
If you’re looking to get that is more than the basics Professional could be the one for you. The price starts at $99 but it can go higher by adding custom features.
What is the difference from the starter plan?
Apart from having access to all of the Starter plan’s options, you also have access to their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. You can also get 12 AutoFiles for free each year.
If you own a huge enterprise, you may want to opt for an upgrade instead. It comes with all the features that you require to aid in your tax preparation. Moreover, they allow unlimited import integrations of data as well as API integrationsfor team users and AutoFiles.
They also have a staff that is devoted to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Integrations
But they did state that this plan is tailor-fit for every user. The cost of the plan will be different in line with what you require to run your business.
Luckily, you don’t have to bet your life on it to determine if this service is right for you. If you’re still considering other options, they have 30 days of free trial. It should give you enough time to gauge 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. In order to sum up the whole thing Here are the advantages and disadvantages of using TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- 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.
- Needs accountants and owners to check local legislation
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have many sales channels and utilizes numerous platforms. If this sounds like the way you’re doing, then should try this.
Not only can it help you track the sales and profits of your business however, it will also help you meet your deadlines. This is also an excellent platform for an accountant since they offer the Tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Using TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to fulfill. If you’re in a region with a lot of tax regulations, this will definitely help you get your head around it. TaxJar Integrations
However, if managing taxes is easy and straightforward, then TaxJar might not be a good expense. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of all of it. In addition, if you’re finding the entire procedure simple to follow then you’re better to do it on your own.
FAQ TaxJar Integrations
What are the areas in which TaxJar offer API assistance?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can link 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 doesn’t convert currency values. All transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it to USUSD before TaxJar can calculate the tax.