Taxes have always been one of the most difficult tasks to complete regardless of whether you run an enterprise or not. More so if you don’t have any experience in finance or accounting. Tax-related tasks aren’t easy, particularly when you’re full of things to be done. When you’re not able to afford the budget to engage an accountant doing it on yourself can be dangerous. If you make a mistake it could mean you need to repeat the process!
Nearly everyone would prefer to skip this step. But since it’s required to be done, we can’t choose not to.
What is the best way to deal with it?
We can make life easier by using tools like TaxJar.
Here we’ll take a look at this popular life-saving device and how it can benefit you. While this is a long read but you’ll be able to gauge whether TaxJar is exactly what you need in the present.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, we’ll dive right into.
What is TaxJar TaxJar Phone Support
In 2013, TaxJar was established. TaxJar is an application that automatizes your reporting, filings and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. Additionally, you can use it in all of the sales channels you use to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could require days to complete and finish within only a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is extensively used by business owners who run online businesses to make their business more simple and organized. 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 you have a tax accounting platform is compatible with your sales channel. If you’re selling through multiple channels, you need to ensure that everything is in order. The final thing you would like is to be penalized for missing a single minor point.
TaxJar allows you to show your key data in one location. This means that there is no requirement to collect information from multiple sources and organize it into one platform. All you need to do is integrate TaxJar and the platform will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist with payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows clients to submit their sales tax either manually or via their AutoFile feature. For our review we’ll take a look at both.
If you choose to do it manually, TaxJar will allow you to connect those sales tools. When it comes time to filing income tax returns, the team will instruct you on managing the tax returns. It is up to you and your team members to finish the tax returns on time. TaxJar is only there to guide you on what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. With this feature, everything will be automated from calculating sales taxes through recording, and then processing it. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. Once you’re on the platform, you and your team will have access to everything you need, such as a list of your transactions, reports and the data.
The best part about this option is the fact that it lets you to update automatically every day. Not only can they help to know the amount you’ve earned and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard also allows you to fully view the sales tax totals in your business. You can also export your data as CSV format. CSV file if you need it in your accounting and financial planning processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. This means that you don’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 function can help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time can help you allocate your funds better. You’ll know better how much budget you have for other operating expenses.
But what’s even better is that TaxJar provides training and tutorials not only for their platform but everything related to sales tax. You can check out their webinars, guides, as well as their blog to find more information. In addition their sales tax calculator can be helpful if you’re planning on take on the entire task 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 expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of those plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan is priced at $19. They claim that it’s the best plan if you need help in filing and reporting. It comes with taxes on sales and sales as well as 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale business manager, the plan could be perfect for you. It might not include all of TaxJar’s features, but it has all the basics you require.
You can also contact the support team via their email support chart. You’ll also have access to their integration features.
If you’re looking for different from the basic features Professional could be the one for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the basic plan?
Apart from having access to each of Starter plan’s options, you also have access to the support of their customer service via phone access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you run a large enterprise, you may want to opt for the Premium plan instead. It has all of the features needed to aid in your tax preparation. In addition, they offer unlimited import integrations of data, API integrationsfor team users, and AutoFiles.
They also have a team that is devoted to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Phone Support
But they did state that this plan is customized for every user. The cost of the plan will be different depending on what you need to run your business.
Luckily, you don’t have to risk your money to determine if this service is for you. If you’re still considering various options, they provide 30 days of free trial. This should be enough time to gauge whether the software is the right choice for you.
Pros and Cons
We’ve covered everything you should know about TaxJar Let’s relax. In order to sum up the whole thing Here are the advantages and disadvantages of making use of TaxJar for your company.
- Has the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to 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 out, TaxJar provides a fantastic platform to companies with multiple sales channels and uses plenty of platforms. If that sounds like what you do, then you ought to try this.
Not only will it aid in tracking your products and revenue, but it can assist you in meeting your deadlines. It’s also an excellent option for accountants as they provide the Tax Advisor program. You can find tips and learn from their sessions about taxes through it.
Using TaxJar can allow you to save more time 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 surely help you wrap your head around it. TaxJar Phone Support
But if handling your taxes is straightforward and straightforward, then TaxJar could be a waste of investment. If you only have one or two channels of sales, TaxJar won’t be needed to track everything. In addition, if you find the entire process easy to do, you might be better in doing it all by yourself.
FAQ TaxJar Phone Support
Which areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I connect Shopify together with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transactions’ amounts are in US$. If you’re using another currency, you will need to convert it to US$ prior to when TaxJar can calculate the tax.