Taxes have always been among the most difficult things to handle regardless of whether you’re running a business or not. Even more so if you do not have a degree in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford the funds to employ an accountant, performing the task on yourself can be dangerous. If you overlook one thing it could mean you have to do it all over again!
Most people want to avoid this step. But since it’s required, we have no choice.
So , what is the best way to deal with it?
It is always possible to make our lives easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving tool and how it can benefit you. Even though this is a long read but you’ll be able to determine if TaxJar is what you need right now.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar? TaxJar Job Opportunities
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. It is a solution for your entire sales tax life cycle. In addition, you can apply it in all of the sales channels you use to make sure you’re in compliance with sales taxes. It makes the process simpler that could take days to complete and is completed in just a few only a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by business owners who run online businesses to ensure that everything is neat and simple. Let’s look into their features and services.
Services and features
One of the first things you’ll need to ensure is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must maintain everything in line. The most important thing is not to get a penalty for missing a single minor point.
TaxJar allows you to show your critical metrics in one place. That way, there’s no need to collect data from different channels and sort it into one platform. All you have to do is integrate TaxJar, and the platform will handle all the rest.
Other than 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 lets customers file their sales taxes either manually or via the AutoFile feature. For the purpose of this article, we’ll take a look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of your sales platforms. When the time is right for filing tax returns for income, the team will instruct you on how to manage the tax returns. But, it is up to you and your team members to complete the process within the timeframe. TaxJar will only guide you on what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out any forms manually. This feature will ensure that everything will be automated from calculating sales taxes through recording, and then processing them. However, there might be extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there, you and your team will have access to everything you need, such as the list of transactions, reports, and data.
The greatest benefit of this feature is that it lets you to update your account automatically each day. Not only will they let you keep track of how much you’ve earned however, they can also help you track when your following payment is due.
The dashboard allows users to view in detail the sales tax totals within your company. It is also possible to export your data to CSV format. CSV file if you need it to aid in accounting and financial planning processes or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all your sales channels. That means you won’t have to scramble for your documents whenever you’re in the event of a need. Even when you already have your accountant, this function can aid them in being more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your funds more effectively. You’ll know exactly how much budget you have to cover other operating costs.
But what’s even better is that TaxJar provides training and tutorials and tutorials, not just for their platform , but also all things that has to do with sales tax. You can look through their webinars, guides as well as their blog to find more details. 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 understand how important it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. That’s why for this section, we’ll look into TaxJar’s pricing levels and the features that each of these plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. They claim that it’s the most effective plan if you need help with filing requirements and reporting. It comes with the tax on sales, four annual AutoFiles for free, as well as a CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a smaller company proprietor, then this program could be ideal for you. It might not include all of TaxJar’s features, but it has the essentials that you need.
You can also contact their customer support via their email support chart. You’ll also have access to their integration features.
If you’re looking for different from the basics, then the Professional plan may be the best option for you. It starts at $99, however, it could go up if you add custom features.
How different is it from the starter plan?
In addition to having access to every one of Starter plan’s options, you also have access to the support of their customer service via phone, API access, and advanced CSV import. You can also get 12 AutoFiles for free each year.
If you run a large enterprise, you may want to opt for premium plans instead. It has all of the features needed to aid in your tax preparation. In addition, they offer unlimited data import integrations as well as API integrations, team users as well as AutoFiles.
There is also a team who are devoted to managing your account. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Job Opportunities
However, they did say that this plan is customized to each user. So the costs will vary according to what you require for your company.
Luckily, you don’t have to bet your life on it to find out if the platform is for you. If you’re still looking into other options, they have 30 days of free trial. This should give you enough time to determine whether the software is the right choice for you.
Pros and Pros and
We’ve covered everything you need to know about TaxJar Let’s relax. In order to sum up the whole thing Here are the advantages and disadvantages of using TaxJar to run your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers an online sales tax calculator.
- Has 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 valid for USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then must try TaxJar.
Not only can it assist you in keeping track of the sales and profits of your business, but it can also help you meet the deadlines you set. It is also a great opportunity for accountants since they provide a Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
Using TaxJar will help you get more done while keeping on top of each deadline and obligation you have to meet. If you live in a region with a lot of tax laws, this will certainly help you to get your head around it. TaxJar Job Opportunities
If handling your taxes is simple, then TaxJar might not be a good expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire procedure simple to follow then you’re better in doing it all by yourself.
FAQ TaxJar Job Opportunities
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions’ amounts are in US$. If you’re using another currency, you’ll need to convert it to USdollars prior to when TaxJar can calculate your tax.