Taxes have always been among the most difficult tasks to complete regardless of whether you’re running an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related issues can be overwhelming, particularly when you’re packed with things to do. When you’re not able to afford enough money to engage an accountant making it your own can be risky. If you miss one detail it could mean you have to do it all over again!
Almost everyone wants to skipping this step. But , as it’s a requirement and mandatory, there’s no other choice.
So , what can we do about it?
It is always possible to simplify our lives with tools such as TaxJar.
We’ll look at this well-known life-saving tool and explain how it can benefit you. Although this is quite an extensive read it is possible to gauge whether TaxJar is the tool you require in the present.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then we’ll dive right into.
What exactly is TaxJar? TaxJar Jobs
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all of your channels of sales to make sure you’re in compliance with sales taxes. It simplifies the processes that require days to complete and can be completed in a matter of just a few minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by owners of online businesses to keep everything neat and simple. Let’s look into the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll need to ensure you have a tax accounting software is compatible along with sales funnels. If you’re using multiple sales channels, it is essential to maintain everything in line. The most important thing is not to be penalized for missing a single minor point.
TaxJar lets you display your most important metrics in one spot. So, there’s no need to gather data in multiple channels and sort it into one platform. All you have to do is connect TaxJar, and the platform will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar lets customers file their sales taxes either manually or via TaxJar’s AutoFile feature. For our review we’ll look into both.
If you choose to do it manually, TaxJar will allow you to connect all of those sales tools. When it comes time to filing tax returns for income, the team will instruct you on managing the tax returns. But, it is up for you and your team to complete everything in time. TaxJar will only guide you on what you have 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 any forms manually. Through this feature, everything will be automated, from calculating taxes on sales to recording and processing it. There could be additional charges if they are not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting issues. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. From there you and your team can access everything you require, including an inventory of your transactions, reports and data.
The best part about this option is the fact that they allow you to update automatically every day. Not only can they help you keep track of how much you’ve collected and how much you’ve earned, but they also let you determine when your next payments are due.
The dashboard allows you to fully view the overall sales taxes in your business. You can also export your data in the form of a CSV file, if you want to use it in 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 the sales avenues you use. This means that you don’t have to search for your documents when you need them in a pinch. Even even if you already have an accountant, this feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time can help you allocate your money more efficiently. You’ll be aware of the budget you have to cover other operational costs.
But what’s even better is that TaxJar offers tutorials and training not only on their platform, but for anything that has to do with sales tax. You can check out their webinars, guides, as well as their blog to find more information. In addition their sales tax calculator should 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 establish your budget. Some platforms offer superb features, but they can be too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing structures and the features that each of these plans can offer. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan starts at $19. They claim that it’s the best plan to help you with filing requirements or reporting. It also includes sales tax reporting, 4 autofiles for free each year, and a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a smaller company proprietor, then this program could be perfect for you. It may not have all of TaxJar’s features but it comes with all the basics you require.
You can also contact their customer support via their support chart for email. You’ll also have access to their integration tools.
Professional
If you’re looking for something different from the basic features Professional might be the right one for you. It’s priced at $99 but you can increase it by adding custom features.
How different is it from the original plan?
In addition to having access to all of the Starter plan’s options, you also have access to their phone customer support, API access, and sophisticated CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you have a massive enterprise, you may want to choose premium plans instead. It comes with all the features needed to make your tax filing easier. Additionally, they permit unlimited data import integrations API integrationsfor team members, and AutoFiles.
They also have a team who are devoted in managing your accounts. However, they don’t disclose the amount that the Premium plan is going to cost. TaxJar Jobs
However, they did mention that this plan is customized for every user. Therefore, the cost will differ according to what you require for your business.
Free Trial
Luckily, you don’t have to gamble your money just to see if this platform is for you. If you’re still considering other options, they have 30 days of free trial. It should give you enough time to determine whether the service is an excellent fit for you.
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Pros and Cons
We’ve covered everything you must know about TaxJar let’s take a breather. To summarize, here are the pros and cons of the use of TaxJar for your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides 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.
- You can track several sales channels
Cons
- AutoFile limit is 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 check local legislation
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to businesses with many sales channels and utilizes numerous platforms. If that’s what you’re doing, then you ought to try this.
Not only can it aid in tracking the sales and profits of your business however, it will also help you meet your deadlines. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
Using TaxJar can allow you to get more done while keeping the track of each deadline and obligation you have to meet. If you’re living in a place with complicated tax laws, this will surely help you wrap your head around the subject. TaxJar Jobs
However, if managing your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels of sales, TaxJar won’t be needed to track everything. Moreover, if you’re finding the entire procedure easy to complete, you might be better in doing it all on your own.
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FAQ TaxJar Jobs
Which areas does TaxJar provide API support?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transactions are in USdollars. If you’re using another currency, you’ll have to convert it to USdollars before TaxJar will calculate the tax.