Taxes are always one of the most difficult tasks to complete, whether you’re running your own business or not. Even more so if you do not have a background in finance or accounting. Tax-related tasks aren’t easy, particularly when you’re filled with tasks to complete. In the event that you do not have the funds to employ an accountant, doing it on your own can be risky. If you overlook one thing, you might need to repeat the process!
Nearly everyone would prefer to avoid this step. But since it’s required, we have no choice.
So what can we do about it?
We can always simplify our lives with tools such as TaxJar.
We’ll look at this well-known life-saving device and how it can benefit you. Although this is quite a long read, you should be able to determine if TaxJar is what you need right now.
Prefer video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
For those who like to read, then let’s dive right in.
What is TaxJar? TaxJar List Of Amazon Warehouses
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it in all of your channels of sales to ensure that you are in compliance with sales tax requirements. It streamlines processes that require days to complete and can be completed in a matter of only a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by owners of online businesses to ensure that everything is simple and organized. Let’s explore the benefits and features of TaxJar.
Services and features
One of the first things you’ll need to make sure you have a tax accounting system is compatible along with sales funnels. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to display your key metrics in one place. So, there’s no requirement to collect data in multiple channels and organize it into a single platform. All you need to do is to integrate TaxJar then the system will take care of all the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows clients to submit their sales tax by hand or using TaxJar’s AutoFile feature. For this review, we’ll dig at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all the sales channels you use. When it comes time to the filing of income tax returns TaxJar will train you on how to manage the tax returns. It is up for you and your team to finish the tax returns within the timeframe. TaxJar is there to help you understand what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out the forms in a manual manner. Through this feature, everything is automated, from calculating sales taxes to recording and processing 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 we mentioned it is possible to use TaxJar to help you with your accounting problems. The orders you place through your online channels can be put together into one dashboard using this platform. From there, you and your team will have access to everything you require, including an inventory of your transactions, reports, as well as information.
The greatest benefit of this feature is that it lets you to update your account automatically each day. Not only will they let you know how much you’ve collected, but they also help you track when your following payment is due.
Their dashboard also allows you to fully view the sales tax totals for your business. Additionally, you can export the data in CSV format. CSV file, if you want to use it to aid in process of financial planning and accounting or if you require it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep the track of all the channels you sell through. That means you won’t have to search for your documents whenever you’re in a pinch. Even when you already have your accountant, this feature can help them be 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.
The best part is that TaxJar offers training and tutorials, not just on their platform, but all things connected to sales tax. You can check out their webinars, guides, and blog for more details. Additionally their sales tax calculator should be beneficial when you’re planning to complete everything 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 costly for your business. That’s why for this section we’ll examine TaxJar’s pricing structures and what each of those options can offer you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They claim that it’s the most suitable plan for you to help you in filing and reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as an CSV import. With the starter plan, you have access to their AI tax advice.
If you’re a small company owner, this plan could be perfect for you. It may not offer all the features offered by TaxJar however, it does include the essentials that you need.
Additionally, you can contact their support team with their support chart for email. You’ll also be able to use their integration capabilities.
If you’re looking for something that is more than the basic features, then the Professional plan might be the right one for you. It’s priced at $99 however, it could go up if you add custom features.
How different is it from the basic plan?
In addition to accessing each of Starter plan’s features, you also get access to the support of their customer service via phone, API access, and the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
If you have a massive enterprise, you may want to opt for the Premium plan instead. It includes all of the features needed to aid in your tax preparation. In addition, they offer unlimited import integrations of data, Integrations with APIs, teams of members and AutoFiles.
They also have a team who are devoted for managing the account. However, they don’t disclose the price of the Premium plan. is going to cost. TaxJar List Of Amazon Warehouses
But they did state that this plan is customized for each user. Therefore, the cost will differ in line with what you require for your company.
It’s a good thing that you don’t have to bet your life on it to determine if this service is right for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. This should give you enough time to gauge if the platform is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a breather. To sum it all up, here are the advantages and disadvantages of using TaxJar for your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable for USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you’re doing, then should try this.
Not only will it assist you in keeping track of your revenue and products however, it will help you meet your deadlines. It’s also an excellent platform for an accountant since they provide a Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
The use of TaxJar will help you save more time while keeping track of every deadline or requirement you need to meet. If you’re living in an area with complex tax regulations, this will certainly help you to get your head around it. TaxJar List Of Amazon Warehouses
But if handling taxes is easy If it isn’t, then TaxJar might not be a good expense. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track everything. Moreover, if you find the whole process easy to do then you’re better off doing it on your own.
FAQ TaxJar List Of Amazon Warehouses
What are the areas in which TaxJar provide API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect 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 kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions are in USdollars. If you’re using another currency, you will need to convert it to USdollars prior to when TaxJar can calculate the tax.