Taxes are always one of the hardest things to do regardless of whether you’re running an enterprise or not. More so if you don’t have any experience in finance or accounting. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have the budget to engage an accountant doing it on your own can be dangerous. If you miss one detail, you might have to redo things again!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what can we do ?
We can make our lives easier by using tools like TaxJar.
This article will take a look at this well-known life-saving device and how it can assist you. Although this is quite lengthy but you’ll be able to gauge whether TaxJar is the tool you require in the present.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What exactly is TaxJar? TaxJar Office Address
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all your sales channels to ensure that you are in compliance with your sales taxes. It makes the process simpler that could can take days to complete, and is completed in just a few just a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is extensively used by owners of online businesses to keep everything organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check is that your accounting tax software is compatible 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 overlooking just one minor detail.
TaxJar lets you display your key metrics in one place. That way, there’s no need to gather information from multiple sources and organize it into one platform. All you have to do is integrate TaxJar, then the system will take care of the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of platforms they can integrate with:
TaxJar allows clients to make sales tax filings either manually or via their AutoFile feature. In this review, we’ll dig into both.
If you choose to go it alone, TaxJar will allow you to connect all of those sales tools. When the time is right for the filing of income tax returns TaxJar will train you on how to handle these. It is up to you and your team to complete everything on time. TaxJar is only there to guide you on what you have to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. Through this feature, everything will be automated, from calculating taxes on sales 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 select.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to assist you with your accounting woes. Your orders from your e-commerce 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 a list of your transactions, reports and the data.
The greatest benefit of this feature is that they allow you to automatically update every day. Not only can they help you keep track of how much you’ve accumulated and how much you’ve earned, but they also let you track when your following payment is due.
Their dashboard can also allow users to view in detail the sales tax totals in your business. You can also export your data to a CSV file if you need it for your process of financial planning and accounting or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. This means that you don’t have to scramble for your documents when you’re in a pinch. Even when you already have your accountant, this function will make them more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds more effectively. You’ll know better how much budget you have available for other operational expenses.
What’s more is that TaxJar offers tutorials and training, not just for their platform but all things connected to sales tax. Check out their guides, webinars, or blog posts for additional info. In addition the 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 offer superb features, but they’re sometimes too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of these options can offer you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan is priced at $19. They claim that it’s the most effective plan for those who need assistance in filing and reporting. It comes with sales tax reporting, four annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you have access to their AI tax recommendations.
If you’re a small company proprietor, then this program should be ideal for you. It might not include all of TaxJar’s features, but it has the basic features you require.
In addition, you can reach the support team via their email support chart. You’ll also have access to their integration tools.
If you’re looking for that is more than the basic features and options, then the Professional plan might be the right one for you. It starts at $99, but it can go higher when you add additional features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you own a huge enterprise, you may want to choose the Premium plan instead. It includes all of the features needed to make your tax filing easier. Additionally, they permit unlimited data import integrations Integrations with APIs, teams of users, and AutoFiles.
They also have a staff who are devoted in managing your accounts. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Office Address
However, they did mention that the plan is custom-made for every user. Therefore, the cost will differ depending on what you need for your company.
It’s a good thing that you don’t have to gamble your money just to find out if the platform is right for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to see if the platform is the right choice for you.
Pros and Cons
We’ve covered everything you must know about TaxJar let’s take a break. In order to sum up the whole thing we’ll go over the advantages and disadvantages of using TaxJar to run your business.
- Has a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator
- Support Service Team
- The dashboard is simple 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
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable for USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid out TaxJar can be a great platform companies that have many sales channels and utilizes plenty of platforms. If that sounds like what you’re doing, then you ought to try this.
Not only will it help you track your revenue and products It can help you meet the deadlines you set. It’s also an excellent platform for an accountant since they provide a Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
The use of TaxJar can allow you to save more time while keeping track of every deadline or requirement you need to fulfill. If you live in an area with complex tax laws, this can definitely help you get your head around it. TaxJar Office Address
However, if managing taxes is easy If it isn’t, then TaxJar might not be a good expense. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you find the entire procedure easy to complete then you’re better off doing it by yourself.
FAQ TaxJar Office Address
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transactions’ amounts are in USdollars. If you’re using a different currency, you’ll need to convert it into US$ before TaxJar can calculate the tax.