Taxes are always one of the hardest things to do regardless of whether you run an enterprise or not. More so if you don’t have a background in finance or accounting. Tax-related tasks can be overwhelming, especially when you’re packed with things to do. If you don’t have the budget to employ an accountant, performing the task on your own can be dangerous. If you make a mistake, you might have to redo things again!
Nearly everyone would prefer to avoid this step. However, since it’s mandatory, we have no choice.
What is the best way to deal with it?
We can always simplify our lives by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can benefit you. While this is a long read but you’ll be able to assess whether TaxJar is what you need right now.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.
For those who like to read, let’s dive right in.
What is TaxJar? TaxJar Ont8
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Additionally, you can use it in all of your channels of sales to ensure that you are in compliance with sales tax requirements. It simplifies the processes that require days to complete and finish within minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses to make their business more organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
> > Click Here to Start TaxJar for Free < <
Services and features
Integration
One of the most important things you’ll want to check you have a tax accounting system is compatible along with sales funnels. If you’re selling through multiple channels, you must maintain everything in line. The final thing you would like is to face a penalty due to not paying attention to a minor thing.
TaxJar lets you display your critical metrics in one place. This means that there is no requirement to collect data from different channels and then organize it on a single platform. All you need to do is connect TaxJar then the system will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms that they can connect with:
Filing
TaxJar allows clients to submit their sales tax either manually or via TaxJar’s AutoFile feature. In our review we’ll look at both.
If you choose to go it alone, TaxJar will allow you to connect the sales channels you use. Once the time comes for filing tax returns for income, the team will instruct you on how to handle them. It is up to you and your team to finish the tax returns within the timeframe. TaxJar is only there to provide guidance on what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. This feature will ensure that everything is automated, from calculating taxes on sales to recording and processing them. But, it is possible to incur additional charges if they are not included in the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting problems. All orders made through your e-commerce channels can be put together into one dashboard using this platform. From there you and your team will have access to all the information you need, like an inventory of your transactions, reports, as well as data.
The greatest benefit of this option is the fact that they allow you to automatically update every day. They not only let you know 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 you to see the sales tax totals within your company. It is also possible to export the information as a CSV file, if you want to use it to aid in accounting and financial planning processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all your sales channels. That means you won’t have to hunt for your paperwork whenever you’re in the event of a need. Even if you already have your accountant, this function can make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time can help you allocate your funds better. You’ll know exactly how much budget you have available for other operational costs.
What’s more is that TaxJar offers tutorials and training, not just on their platform, but everything that has to do with sales tax. Check out their guides, webinars, or blog posts for additional details. Additionally the sales tax calculator should be beneficial when you’re planning to complete everything yourself.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Certain platforms have amazing features, but they’re sometimes 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 including Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. The company claims that it’s the most effective plan if you need help in filing and reporting. It also includes the tax on sales, four free yearly AutoFiles, and the option of a CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a small company proprietor, then this program will be ideal for you. It may not have all the features offered by TaxJar however, it does include the basic features you require.
In addition, you can reach the support team via their support chart for email. You’ll also be able to use their integration features.
Professional
If you’re looking to get that is more than the basics Professional may be the best option for you. It starts at $99, but it can go higher when you add additional features.
How different is it from the basic plan?
In addition to having access to every one of Starter plan’s features, you also have the support of their customer service via phone, API access, and advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you own a huge enterprise, you may want to opt for an upgrade instead. It has all of the features needed to help with your taxes. Moreover, they allow unlimited import integrations of data API integrations, team members as well as AutoFiles.
They also have a staff who are devoted for managing the account. But, they don’t divulge how much the Premium plan costs you. TaxJar Ont8
But they did state that this plan is customized to each user. Therefore, the cost will differ in line with what you require for your company.
Free Trial
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still looking into other options, they have 30 days of free trial. This should give you enough time to see if the platform is an excellent fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
We’ve covered everything you need to know about TaxJar Let’s relax. To summarize we’ll go over the pros and cons of using TaxJar for your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- You can track several sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only valid for USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to companies that have many sales channels and utilizes numerous platforms. If this sounds like the way you do, then you ought to try this.
Not only can it aid in tracking the sales and profits of your business It can assist you in meeting your deadlines. It’s also an excellent opportunity for accountants since they offer a Tax Advisor program. There are tips to follow and learn from their sessions on taxes by using it.
Using TaxJar can help you get more done while keeping track of every deadline or requirement you need to meet. If you live in a region with a lot of tax regulations, this will certainly help you to get your head around it. TaxJar Ont8
If handling your taxes is simple If it isn’t, then TaxJar might not be a good investment. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you find the whole process easy to do then you’re better in doing it all on your own.
> > Click Here to Start TaxJar for Free < <
FAQ TaxJar Ont8
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transaction amounts are n US$. If you’re using another currency, you’ll need to convert it into US$ prior to when TaxJar can calculate the tax.
