Taxes have always been among the most difficult things to handle regardless of whether you run a business or not. Even more so if you do not have a background in accounting or finance. Tax-related issues aren’t easy, particularly when you’re filled with tasks to complete. In the event that you do not have the funds to engage an accountant doing it on your own could be dangerous. If you make a mistake and you don’t know it, you may have to do it all over again!
Almost everyone wants to skipping 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 well-known life-saving tool and explain how it can benefit you. Although this is quite a long read, you should be able to determine if TaxJar is exactly what you need right now.
Do you prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar? TaxJar Job Circular 2021
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It’s a solution for your entire sales tax life cycle. Additionally, you can use it in all of your sales channels to ensure that you are in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and finish within minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by business owners who run online businesses to keep everything simple and organized. Let’s take a look at the features and services offered by TaxJar.
Services and features
One of the most important things you’ll need to make sure is that your accounting tax platform is compatible along with sales funnels. If you’re using multiple sales channels, it is essential to keep everything in place. The final thing you would like is to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your critical data in one location. This means that there is no need to gather data in multiple channels and organize it into a single platform. All you need to do is connect TaxJar then the system will take care of the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar allows customers to file their sales taxes by hand or using the AutoFile feature. For this review, we’ll take a look at both.
If you choose to go it alone, TaxJar will allow you to connect the sales channels you use. Once the time comes for the filing of income tax returns, the team will instruct you on managing the tax returns. It is up to you and your team to complete everything within the timeframe. TaxJar is only there to provide guidance on what you should do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit any forms manually. With this feature, everything will be automated, from calculating taxes on sales in order to record and process them. However, there might be 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. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your staff will have access to everything you need, like a list of your transactions, reports and data.
The most appealing aspect of the feature you’ve chosen is it lets you to update your account automatically each day. Not only can they help you keep track of how much you’ve earned, but they also help you keep track of when the next payments are due.
The dashboard allows you to fully view the sales tax totals for your business. It is also possible to export your data as a CSV file if you need it for your accounting and financial planning processes or if you require it for central reporting.
Streamlining and Training
TaxJar helps organize and keep track of all of your sales channels. It means you don’t need to search for your documents when you’re when you’re in a pinch. Even when you already have your accountant, this feature will make them more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance will allow you to allocate your funds better. You’ll know better how much budget you have for other operating costs.
The best part is that TaxJar offers tutorials and training and tutorials, not just on their platform, but everything related to sales tax. You can look through their webinars, guides as well as their blog to find more information. Additionally the sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. For this reason we’ll examine TaxJar’s pricing structures and the features that each of these choices can provide you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan starts at $19. They say it’s the most effective plan to help you with filing requirements and reporting. It comes with the tax on sales, 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you can access their AI tax tips.
If you’re a small-scale company manager, the plan will be perfect for you. It may not have all the features of TaxJar, but it has the essentials that you need.
In addition, you can reach their support team with their support chart for email. You’ll also have access to their integration tools.
If you’re looking to get a bit more than just the basic features and options, then the Professional plan may be the best option for you. It starts at $99, but you can increase it when you add additional features.
What is the difference from the starter plan?
In addition to accessing each of Starter plan’s options, you also have access to the support of their customer service via phone access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive business, you might need to go for an upgrade instead. It includes all of the features you need to aid in your tax preparation. In addition, they offer unlimited import integrations of data as well as API integrationsfor team users, and AutoFiles.
There is also a team who are devoted for managing the account. They don’t reveal the amount that the Premium plan costs you. TaxJar Job Circular 2021
But they did state that the plan is custom-made for each user. Therefore, the cost will differ according to what you require for your company.
It’s a good thing that you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still considering different options, they offer 30 days of free trial. It should give you enough time to determine whether the service is a good fit for you.
Pros and Cons
We’ve covered everything you need to be aware of TaxJar Let’s relax. To summarize we’ll go over the pros and cons of using TaxJar for your business.
- Has a Tax Advisor option for some plans
- AutoFile features can help you save 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 is possible to integrate it with other platforms.
- It allows you to monitor multiple sales channels
- Limits for AutoFile are based on 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 review local laws
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies that have many sales channels and utilizes numerous platforms. If this sounds like the way you do, then you ought to try this.
It’s not just a way to aid in tracking your products and revenue, but it can help you meet the deadlines you set. 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.
The use of TaxJar can help you save more time while keeping track of every deadline and obligation you have to meet. If you’re living in an area with complex tax laws, this will definitely help you get your mind around it. TaxJar Job Circular 2021
If handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two sales channels, TaxJar won’t be needed to track all of it. In addition, if you find the entire procedure easy to complete, you might be better to do it by yourself.
FAQ TaxJar Job Circular 2021
Which areas does TaxJar provide API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All of the transactions’ amounts are in US$. If you’re using another currency, you’ll need to convert it to USUSD before TaxJar determines your tax.