Taxes have always been among the hardest things to do regardless of whether you run an enterprise or not. Even more so if you do not have a background in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford the budget to employ an accountant, doing it on your own could be risky. If you overlook one thing and you don’t know it, you may have to redo things again!
Most people want to skip 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 simplify our lives by using tools like TaxJar.
This article will take a look at this popular life-saving tool and how it can assist you. Even though this is a long read it is possible to determine if TaxJar is what you need today.
Are you looking to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar TaxJar Number
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. TaxJar is a solution to the entire life cycle. In addition, you can apply it in all of the sales channels you use to ensure compliance with your sales taxes. It simplifies the processes that take days to complete and finish within only a few minutes.
TaxJar has been used in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is extensively used by business owners who run online businesses to make their business more neat and simple. 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 you have a tax accounting software perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you need to maintain everything in line. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your most important metrics in one spot. So, there’s no requirement to collect data from different channels and then organize it on a single platform. All you have to do is integrate TaxJar, it will take care of all the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms they can integrate with:
TaxJar allows clients to submit their sales tax manually or through their AutoFile feature. In this review, we’ll take a look at both.
If you choose to do it manually, TaxJar will allow you to connect all those sales tools. When the time is right for the filing of income tax returns TaxJar will train you on managing these. It is up for you and your staff to finish the tax returns on time. TaxJar is only there to guide you on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. With this feature, everything will be automated, from calculating sales tax to recording and processing them. There could be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be put together into a single dashboard through this platform. From there you and your staff will have access to everything you require, including a list of your transactions, reports, and the data.
The best part about this option is the fact that it allows you to update automatically every day. They not only let you keep track of how much you’ve accumulated and how much you’ve earned, but they also let you determine when your next payments are due.
Their dashboard can also allow users to view in detail the total sales tax for your business. You can also export the data as the form of a CSV file in case you require it in your process of financial planning and accounting or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the channels you sell through. This means that you don’t have to hunt for your paperwork when you need them in a pinch. Even when you already have your accounting firm, the feature can make them more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds more effectively. You’ll know better how much budget you have for other operational expenses.
What’s more is that TaxJar provides training and tutorials, not just for their platform but all things connected to sales tax. Check out their webinars, guides, or blog posts for additional info. Additionally their sales tax calculator can be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms offer superb features, but they can be too costly for the business you run. This is why in this section, we’ll look into TaxJar’s pricing tiers and what each of these choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. They say it’s the most suitable plan for you if you need help with filing requirements and reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you can access their AI tax advice.
If you’re a smaller company manager, the plan should be ideal for you. It might not include all of TaxJar’s features, but it has the essentials that you need.
Additionally, you can contact their support team with their email support chart. You’ll also be able to use their integration tools.
If you’re looking to get that is more than the basics, then the Professional plan could be the one for you. It starts at $99, but it can go higher if you add custom features.
What is the difference from the starter plan?
In addition to having access to every one of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and sophisticated CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you have a massive enterprise, you may want to choose premium plans instead. It has all of the features needed to aid in your tax preparation. Moreover, they allow unlimited data import integrations, API integrationsfor team users and AutoFiles.
They also have a staff dedicated to managing your account. But, they don’t divulge the amount that the Premium plan will cost you. TaxJar Number
However, they did say that this plan is customized to each user. The cost of the plan will be different according to what you require for your business.
Fortunately, you don’t need to risk your money to see if this platform is right for you. If you’re still considering 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 Cons
We’ve covered everything you should be aware of TaxJar let’s take a breather. To sum it all up Here are the advantages and disadvantages of using TaxJar to run your business.
- Has 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.
- Support Service Team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable for USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies that have multiple sales channels and uses plenty of platforms. If that’s what you’re doing, then you must try TaxJar.
It’s not just a way to assist you in keeping track of your revenue and products 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 on taxes by using it.
Using TaxJar can help you reduce time and keep on top of each deadline and obligation you have to fulfill. If you’re living in a region with a lot of tax laws, this will surely help you wrap your mind around it. TaxJar Number
But if handling taxes is easy If it isn’t, then TaxJar could be a waste of investment. If you only have one or two sales channels, TaxJar won’t be needed to track everything. If you find the whole procedure simple to follow, you might be better to do it by yourself.
FAQ TaxJar Number
What are the areas in which TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transaction amounts are n USdollars. If you’re using a different currency, you will need to convert it into US$ before TaxJar determines your tax.