Taxes have always been one of the most difficult things to handle regardless of whether you run an enterprise or not. More so if you don’t have a background in accounting or finance. Tax-related work can be overwhelming, particularly when your whole day is filled with tasks to complete. When you’re not able to afford enough money to engage an accountant doing it on your own could be dangerous. If you make a mistake it could mean you need to repeat the process!
Almost everyone wants to skipping this step. However, since it’s mandatory to be done, we can’t choose not to.
So what can we do about it?
We can always make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving device and how it can assist you. Even though this is lengthy but you’ll be able to determine if TaxJar is the tool you require today.
Are you looking video streaming instead? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar TaxJar Pricing Ecwid
Founded in 2013, TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all your sales channels to ensure compliance with your sales taxes. It simplifies the processes that require 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.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is organized and straightforward. Let’s explore their features and services.
Services and features
One of the most important things you’ll want to check you have a tax accounting software perfectly integrates in conjunction with the sales channels you use. If you’re using multiple sales channels, you must ensure that everything is in order. The most important thing is not to get a penalty for missing a single minor point.
TaxJar allows you to display your most important metrics in one spot. So, there’s no requirement to collect data in multiple channels and organize it into one platform. All you have to do is integrate TaxJar, then the system will handle 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 the platforms that they can connect with:
TaxJar allows customers to make sales tax filings manually or through TaxJar’s AutoFile feature. For our review we’ll dig at both.
If you decide to do it manually, TaxJar will allow you to connect your sales platforms. When the time is right for filing tax returns for income TaxJar will train you on managing the tax returns. But, it is up for you and your team to complete everything in time. TaxJar is only there to help you understand what you need 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 fill out all forms by hand. With this feature, everything will be automated from calculating sales tax to recording and processing them. There could be additional costs if the feature is not part of 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 one dashboard using this platform. From there you and your team will have access to everything you need, such as a list of your transactions, reports, and data.
The most appealing aspect of this option is the fact that it lets you to automatically update every day. They not only let you know how much you’ve collected and how much you’ve earned, but they also let you determine when your next payments are due.
The dashboard allows you to see the overall sales taxes within your company. You can also export the data in CSV format. CSV file in case you require it to aid in process of financial planning and accounting or if you require it for centralized reporting.
Training and Streamlining
TaxJar helps you organize and keep the track of all your sales channels. That means you won’t have to hunt for your paperwork when you’re in a pinch. Even if you already have your accountant, this function can help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance will help you plan your funds more effectively. You’ll be aware of the budget you have to cover other operating expenses.
But what’s even better is that TaxJar provides training and tutorials not only for their platform but for anything that has to do with sales tax. Check out their guides, webinars, as well as their blog to find more info. Apart from that their sales tax calculator can be beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Certain platforms have amazing features, but they can be too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing levels and what each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements or reporting. It includes taxes on sales and sales as well as 4 annual AutoFiles for free, as well as a CSV import. Even with the basic plan, you will be able to access their AI tax advice.
If you’re a small-scale business owner, this plan could be perfect for you. It may not offer all the features of TaxJar, but it has the basic features you require.
Additionally, you can contact their customer support via their support chart for email. Additionally, you’ll have access to their integration tools.
If you’re looking for something that is more than the basic features Professional may be the best option for you. The price starts at $99 but it can go higher by adding custom features.
What is the difference from the basic plan?
In addition to accessing each of Starter plan’s features, you also have the support of their customer service via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you have a massive enterprise, you may want to choose the Premium plan instead. It has all of the features that you require to aid in your tax preparation. Additionally, they permit unlimited import integrations of data, API integrationsfor team users as well as AutoFiles.
They also have a staff who are devoted to managing your account. But, they don’t divulge how much the Premium plan costs you. TaxJar Pricing Ecwid
But they did state that the plan is custom-made for each user. So the costs will vary depending on what you need for your company.
Luckily, you don’t have to gamble your money just to find out if the platform is 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 if the platform is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar Let’s relax. To sum it all up Here are the advantages and disadvantages of using TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only valid for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies with many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only will it help you track your products and revenue, but it can assist you in meeting the deadlines you set. It is also a great option for accountants as they offer the Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Using TaxJar will help you save more time while keeping track of every deadline and requirement you have to fulfill. If you’re in a region with a lot of tax regulations, this will certainly help you to get your head around the subject. TaxJar Pricing Ecwid
However, if managing your taxes is straightforward and straightforward, then TaxJar could be a waste of investment. If you only have one or two sales channels, TaxJar won’t be needed to keep track of 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 Pricing Ecwid
Which areas does TaxJar offer API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can link your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All of the transaction amounts are n USdollars. If you’re using another currency, you will need to convert it to USdollars prior to when TaxJar will calculate the tax.