Taxes are always one of the hardest things to do regardless of whether you’re running a business or not. More so if you don’t have a background in finance or accounting. Tax-related issues aren’t easy, particularly when you’re full of things to be done. In the event that you do not have enough money to hire an accountant, performing the task on your own could be risky. If you make a mistake it could mean you need to repeat the process!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement, we have no choice.
So what can we do about it?
We can make life easier by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can help you. Although this is quite lengthy, you should be able to assess whether TaxJar is what you need today.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar TaxJar Phone Hours
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it in all of your channels of sales to ensure compliance with your sales taxes. It simplifies the processes that require days to complete and is completed in just a few just a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is neat and simple. Let’s take a look at their features and services.
Services and features
One of the most important things you’ll need to make sure you have a tax accounting software is compatible with your sales channel. If you’re selling through multiple channels, you must ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your most important metrics in one place. This means that there is no need to gather data in multiple channels and sort it into a single platform. All you have to do is to integrate TaxJar, it will handle all the rest.
Other than that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of platforms they can integrate with:
TaxJar allows clients to submit their sales tax by hand or using the AutoFile feature. For the purpose of this article, we’ll take a look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. When it comes time to filing tax returns for income TaxJar will train you on how to handle the tax returns. But, it is up for you and your team members to complete everything within the timeframe. TaxJar is there to help you understand 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 don’t have to submit all forms by hand. Through this feature, everything is automated, from calculating sales tax to recording and processing them. But, it is possible to incur extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting issues. The orders you place through your online channels can be put together into a single dashboard via this platform. From there you and your staff will have access to all the information you need, such as a list of your transactions, reports, and the data.
The most appealing aspect of the feature you’ve chosen is they allow you to automatically update every day. Not only can they help to know the amount you’ve accumulated, but they also help you track when your following payments are due.
Their dashboard can also allow users to view in detail the sales tax totals in your business. Additionally, you can export your data as a CSV file, if you want to use it to aid in accounting and financial planning processes or if you require it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all the sales avenues you use. That means you won’t have to search for your documents when you’re when you’re in a pinch. Even even if you already have an accountant, this feature will aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds more effectively. You’ll be aware of the budget you have for other operating costs.
What’s more is that TaxJar offers training and tutorials and tutorials, not just for their platform , but also all things that has to do with sales tax. You can check out their guides, webinars, and blog for more info. Additionally, their sales tax calculator should be beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to determine your budget. Certain platforms have amazing features, but they can be too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing levels and what each of these plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. The company claims that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It includes taxes on sales and sales as well as 4 autofiles for free each year, and an CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small company owner, this plan could be ideal for you. It may not offer all the features offered by TaxJar however, it does include the basic features you require.
In addition, you can reach their customer support via their email support chart. Additionally, you’ll have access to their integration tools.
If you’re looking for something different from the basic features Professional may be the best option for you. The price starts at $99 however, it could go up if you add custom features.
How different is it from the original plan?
Apart from having access to each of Starter plan’s features, you also get access to their support via phone, API access, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you run a large business, you might need to opt for the Premium plan instead. It includes all of the features you need to make your tax filing easier. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of members and AutoFiles.
They also have a team that is devoted to managing your account. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Phone Hours
However, they did say that this plan is tailor-fit for every user. Therefore, the cost will differ according to what you require 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 the right one for you. If you’re still looking into various options, they provide the opportunity to try a free trial for 30 days. It should give you enough time to see whether the service is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you need to know about TaxJar let’s take a break. In order to sum up the whole thing Here are the pros and cons of using TaxJar for your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to 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 numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then you ought to try this.
Not only will it aid in tracking the sales and profits of your business, but it can assist you in meeting your deadlines. This is also an excellent option for accountants as they provide a Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Using TaxJar can help you save more time while keeping on top of each deadline and requirement you have to meet. If you’re living in an area with complex tax laws, this can surely help you wrap your head around it. TaxJar Phone Hours
But if handling your taxes is straightforward and straightforward, then TaxJar might not be a good expense. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better in doing it all on your own.
FAQ TaxJar Phone Hours
What are the areas in which TaxJar offer API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can link your Shopify account to 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 transaction amounts are n USdollars. If you’re using another currency, you’ll need to convert it into USUSD before TaxJar will calculate the tax.