Taxes have always been among the most difficult things to handle regardless of whether you’re running your own business or not. Even more so if you do not have a degree in finance or accounting. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford enough money to hire an accountant, making it your own could be dangerous. If you make a mistake it could mean you have to do it all over again!
Almost everyone wants to avoid this step. However, since it’s mandatory and mandatory, there’s no other choice.
So what can we do ?
It is always possible to make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can benefit you. Even though this is a long read but you’ll be able to gauge whether TaxJar is exactly what you need right now.
Do you prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar TaxJar Plus Pricing
Founded in 2013, TaxJar is a platform that helps automate your reports, 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 your channels of sales to ensure compliance with your sales taxes. It simplifies the processes that require days to complete and can be completed in a matter of minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is extensively used by online business owners to ensure that everything is neat and simple. Let’s look into the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to make sure you have a tax accounting platform perfectly integrates along with sales funnels. If you’re selling through multiple channels, it is essential to ensure that everything is in order. The last thing you want is to face a penalty due to missing a single minor point.
TaxJar allows you to show your most important metrics in one spot. This means that there is no need to gather information from multiple sources and sort 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 payments. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows clients to file their sales taxes by hand or using the AutoFile feature. For the purpose of this article, we’ll take a look into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect the sales channels you use. When the time is right for the filing of income tax returns The team will guide you on managing them. It is up to you and your staff to complete the process on time. TaxJar will only help you understand what you should do but not handle it.
If you would 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 is automated, from calculating sales tax to recording and processing it. There could be additional charges if they are not part of the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to ease your accounting problems. The orders you place through your online channels can be compiled into a single dashboard through this platform. Once you’re on the platform you and your team will have access to all the information you need, like the list of transactions, reports, and data.
The most appealing aspect of this option is the fact that it allows you to update your account automatically each day. Not only will they let to know the amount you’ve accumulated and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow users to view in detail the total sales tax within your company. Additionally, you can export your data in a CSV file if you need it for your process of financial planning and accounting or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps organize and keep the track of all the channels you sell through. It means you don’t need to scramble for your documents whenever you’re in a pinch. Even when you already have your accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll know better how much budget you have to cover other operational expenses.
What’s more is that TaxJar offers training and tutorials, not just for their platform , but also for anything related to sales tax. You can look through their guides, webinars, and blog for more details. Apart from that, their sales tax calculator should be useful if 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 capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing levels and what each of these options can offer you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan starts at $19. They say it’s the most effective plan if you need help with filing requirements and reporting. It includes sales tax reporting, 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small business proprietor, then this program will be perfect for you. It might not include all the features offered by TaxJar however, it does include all the basics you require.
You can also contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for something that is more than the basic features and options, then the Professional plan 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?
In addition to accessing each of Starter plan’s options, you also have access to their phone customer support access to APIs, as well as the ability to do advanced CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge company, you may need to opt for premium plans instead. It comes with all the features you need to make your tax filing easier. In addition, they offer unlimited data import integrations as well as API integrationsfor team users, and AutoFiles.
They also have a staff who are devoted for managing the account. However, they don’t disclose how much the Premium plan is going to cost. TaxJar Plus Pricing
However, they did say that the plan is custom-made for every user. Therefore, the cost will differ depending on what you need for your business.
Luckily, you don’t have to bet your life on it to determine if this service is the right one for you. If you’re still considering various options, they provide a 30-day free trial. This should give you enough time to gauge if the platform is the right choice for you.
Pros and Cons
We’ve covered everything you need to be aware of TaxJar Let’s relax. To sum it all up, here are the pros and cons of the use of TaxJar for your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- 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
- Some countries won’t be able to access the API feature.
- Only valid for USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything laid down, TaxJar can be a great platform companies with numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then you should try this.
Not only will it aid in tracking your products and revenue It can help you meet the deadlines you set. 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 about taxes through it.
Using TaxJar can help you get more done while keeping track of every deadline or requirement you need to meet. If you’re in a region with a lot of tax regulations, this will definitely help you get your mind around it. TaxJar Plus Pricing
However, if managing taxes is easy If it isn’t, then TaxJar may be an unnecessary expense. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of everything. If you find the entire process easy to do, you might be better in doing it all by yourself.
FAQ TaxJar Plus Pricing
What areas does TaxJar provide API support?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions are in USdollars. If you’re using a different currency, you’ll need to convert it into USUSD before TaxJar will calculate the tax.