Taxes are always one of the most difficult tasks to complete, whether you’re running your own business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford enough money to employ an accountant, doing it on yourself can be risky. If you overlook one thing, you might have to redo things again!
Almost everyone wants to skipping this step. However, since it’s mandatory, we have no choice.
So what can we do ?
We can make our lives easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can benefit you. While this is a long read it is possible to assess whether TaxJar is what you need right now.
Prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What is TaxJar TaxJar Pricing
Founded in 2013, TaxJar is an application that automatizes your reporting, filings and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it in all of the sales channels you use to ensure that you are in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is widely used by owners of online businesses to ensure that everything is organized and straightforward. Let’s take a look at their features and services.
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Features and services
Integration
One of the most important things you’ll want to check is that your accounting tax system perfectly integrates along with sales funnels. If you’re using multiple sales channels, you need to 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 key metrics in one spot. That way, there’s no need to gather information from multiple sources and sort it into a single platform. All you have to do is to integrate TaxJar it will take care of the rest.
Apart from that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar allows clients to make sales tax filings manually or through the AutoFile feature. For our review we’ll dig at both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When the time is right for filing tax returns for income The team will guide you on how to handle them. However, it will be up for you and your staff to finish the tax returns in time. TaxJar will only guide you on what you have to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. This feature will ensure that everything is automated, from calculating taxes on sales through recording, and then processing it. But, it is possible to incur additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to ease your accounting problems. The orders you place through your online channels can be put together into a single dashboard via this platform. From there, you and your team can access everything you require, including a list of your transactions, reports and the data.
The most appealing aspect of this option is the fact that it lets you to update automatically every day. They not only let you know how much you’ve collected and how much you’ve earned, but they also let you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the overall sales taxes for your business. You can also export your data as CSV format. CSV file, if you want to use it to aid in financial planning and accounting processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. That means you won’t have to search for your documents when you need them when you’re in a pinch. Even when you already have your accountant, this feature can make them more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have for other operating expenses.
What’s more is that TaxJar offers tutorials and training and tutorials, not just for their platform but everything that has to do with sales tax. You can look through their webinars, guides, or blog posts for additional information. Additionally their sales tax calculator should be beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing features, but they can be too costly for your business. For this reason we’ll examine TaxJar’s pricing tiers and what each of these plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan starts at $19. They claim that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It also includes the tax on sales, four 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 company proprietor, then this program should be perfect for you. It may not offer all of TaxJar’s features however, it does include the basic features you require.
You can also contact the support team via their support chart for email. You’ll also be able to use their integration tools.
Professional
If you’re looking for a bit more than just the basic features Professional might be the right one for you. It’s priced at $99 but it can go higher when you add additional features.
What is the difference from the original plan?
In addition to having access to all of the Starter plan’s features, you also have the support of their customer service via phone access to APIs, as well as sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you run a large company, you may need to opt for the Premium plan instead. It comes with all the features you need to make your tax filing easier. Additionally, they permit unlimited import integrations of data as well as API integrationsfor team members as well as AutoFiles.
They also have a staff that is devoted for managing the account. However, they don’t disclose the amount that the Premium plan costs you. TaxJar Pricing
But they did state that this plan is customized for each user. Therefore, the cost will differ according to what you require to run your business.
Free Trial
It’s a good thing that you don’t have to gamble your money just to see if this platform is for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. It should give you enough time to determine whether the service is an excellent fit for you.
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Pros and Pros and
After we’ve gone over everything you need to know about TaxJar let’s take a breather. To summarize, here are the advantages and disadvantages of the use of TaxJar for your business.
Pros
- There is the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator.
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms
- Allows you to track multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable to USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform 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 can it assist you in keeping track of the sales and profits of your business however, it will help you meet your deadlines. It’s also an excellent option for accountants as they provide tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Using TaxJar can allow you to reduce time and keep track of every deadline and requirement you have to meet. If you’re living in a region with a lot of tax laws, this can certainly help you to get your head around it. TaxJar Pricing
If handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary expense. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole process easy to do, you might be better to do it by yourself.
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FAQ TaxJar Pricing
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can sync 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 doesn’t convert currencies. The transactions are in USdollars. If you’re using another currency, you will need to convert it to US$ before TaxJar determines the tax.
