Taxes have always been one of the most difficult tasks to complete regardless of whether you run a business or not. Even more so if you do not have any experience in accounting or finance. Tax-related issues aren’t easy, particularly when you’re filled with tasks to complete. When you’re not able to afford the funds to engage an accountant performing the task on yourself can be risky. If you miss one detail, you might have to redo things again!
Most people want to skip this step. However, since it’s mandatory, we have no choice.
What can we do about it?
It is always possible to make our lives easier by using tools like TaxJar.
Here we’ll take a look at this well-known life-saving tool and how it can help you. Even though this is an extensive read it is possible to assess whether TaxJar is exactly what you need in the present.
Do you prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar TaxJar Phone Number
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It’s a solution for your entire sales tax life cycle. Furthermore, you can utilize it in all of the sales channels you use to ensure that you are in compliance with your sales taxes. It streamlines processes that can take days to complete, and is completed in just a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is used extensively by online business owners to make their business more simple and organized. Let’s explore the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to make sure you have a tax accounting software seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you must maintain everything in line. The most important thing is not to get a penalty for missing a single minor point.
TaxJar allows you to show your critical metrics in one place. That way, there’s no need to collect data in multiple channels and sort it into one platform. All you need to do is connect TaxJar then the system will handle the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. For the purpose of this article, we’ll look at both.
If you opt to go it alone, TaxJar will allow you to connect all of your sales platforms. When the time is right for the filing of income tax returns The team will guide you on how to manage the tax returns. But, it is up to you and your team members to finish the tax returns within the timeframe. TaxJar will only help you understand what you need to accomplish, but not manage it.
If you’d 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 will be automated from calculating taxes on sales to recording and processing them. However, there might be additional charges if they are not part of the plan you chose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to ease your accounting woes. The orders you place through your online channels can be compiled into one dashboard using this platform. From there, you and your team can access everything you need, such as a list of your transactions, reports, as well as information.
The most appealing aspect of this option is the fact that it allows you to update your account automatically each day. They not only let you keep track of how much you’ve collected, but they also help you determine when your next payments are due.
The dashboard allows you to see the sales tax totals within your company. It is also possible to export the data in the form of a CSV file in case you require it in your process of financial planning and accounting or if you require it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep on top of all the sales avenues you use. This means that you don’t have to scramble for your documents when you’re when you’re in a pinch. Even even if you already have an accountant, this feature will help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds more effectively. You’ll be aware of the budget you have to cover other operating costs.
But what’s even better is that TaxJar offers tutorials and training, not just on their platform, but all things connected to sales tax. You can look through their webinars, guides and blog for more info. Additionally the sales tax calculator should be helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We understand how important it is to set your budget. Certain platforms have amazing features, but they can be too expensive for businesses. This is why in this section, we’ll look into TaxJar’s pricing levels and what each of these plans can offer. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. They say it’s the most effective plan to help you with filing requirements or reporting. It comes with taxes on sales and sales as well as 4 autofiles for free each year, and an CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller business manager, the plan should be perfect for you. It may not have all the features of TaxJar, but it has all the basics you require.
In addition, you can reach their customer support via their email support chart. You’ll also be able to use their integration capabilities.
If you’re looking for something that is more than the basics, then the Professional plan might be the right one for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the original plan?
In addition to having access to each of Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and sophisticated CSV import. You can also get 12 AutoFiles for free each year.
If you own a huge business, you might need to opt for an upgrade instead. It comes with all the features that you require to help with your taxes. Moreover, they allow unlimited data import integrations Integrations with APIs, teams of members as well as AutoFiles.
They also have a staff who are devoted in managing your accounts. They don’t reveal the price of the Premium plan. will cost you. TaxJar Phone Number
But they did state that this plan is tailor-fit for each user. So the costs will vary depending on what you need for your business.
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 different options, they offer the opportunity to try a free trial for 30 days. This should give you enough time to see whether the service is the right choice for you.
Pros and Cons
After we’ve gone over everything you should know about TaxJar let’s take a breather. In order to sum up the whole thing Here are the advantages and disadvantages of making use of TaxJar for your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Has 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.
- Allows you to track multiple 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 to USA customers.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then should try this.
Not only can it help you track the sales and profits of your business however, it will help you meet the deadlines you set. It is also a great option for accountants as they have a Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
Utilizing TaxJar will help you reduce time and keep on top of each deadline and requirement you have to fulfill. If you’re living in a place with complicated tax regulations, this will surely help you wrap your head around the subject. TaxJar Phone Number
However, if managing your taxes is simple, then TaxJar may be an unnecessary expense. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you’re finding the entire procedure simple to follow then you’re better in doing it all by yourself.
FAQ TaxJar Phone Number
What areas does 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 integrate Shopify with TaxJar?
Yes. You can sync 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. All of the transactions are in US$. If you’re using a different currency, you’ll need to convert it to USdollars prior to when TaxJar will calculate your tax.