Taxes are always one of the most difficult tasks to complete regardless of whether you’re running an enterprise or not. Particularly if you don’t have a degree in finance or accounting. Tax-related tasks aren’t easy, particularly when your whole day is full of things to be done. In the event that you do not have the funds to engage an accountant doing it on your own could be risky. If you overlook one thing and you don’t know it, you may have to redo things again!
Almost everyone wants to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
This article will take a look at this well-known life-saving tool and how it can help you. Although this is quite an extensive read it is possible to determine if TaxJar is the tool you require right now.
Are you looking watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then we’ll dive right into.
What is TaxJar? TaxJar Prmary Business Location
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. It’s a solution for the entire life cycle. Furthermore, you can utilize it across all your channels of sales to ensure compliance with sales tax requirements. It streamlines processes that take days to complete and finish within minutes.
TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is used extensively by online business owners to keep everything neat and simple. Let’s explore the features and services offered by TaxJar.
> > Click Here to Start TaxJar for Free < <
Features and services
Integration
One of the first things you’ll want to check you have a tax accounting system seamlessly works well along with sales funnels. If you have multiple sales channels, you need to keep everything in place. The most important thing is not to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your critical data in one location. So, there’s no need to gather information from multiple sources and organize it into one platform. All you have to do is to integrate TaxJar, and the platform will do all the rest.
In addition, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms they are able to integrate with:
Filing
TaxJar allows customers to submit their sales tax by hand or using the AutoFile feature. In this review, we’ll look at both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. When it comes time to filing income tax returns The team will guide you on how to handle them. But, it is up for you and your team to complete everything in time. TaxJar is only there to provide guidance on what you should 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. This feature will ensure that everything will be automated from calculating taxes on sales to recording and processing it. However, there might be extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to help you with your accounting issues. Your orders from your e-commerce channels can be compiled into a single dashboard via this platform. Once you’re on the platform you and your staff can access everything you require, including an inventory of your transactions, reports, and information.
The best part about this feature is that they allow you to update your account automatically each day. Not only will they let you keep track of how much you’ve collected however, they can also help you determine when your next payments are due.
The dashboard allows you to fully view the total sales tax in your business. It is also possible to export your data to the form of a CSV file, if you want to use it for your financial planning and accounting processes or if your team requires it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. This means that you don’t have to scramble for your documents when you’re in a pinch. Even even if you already have an accountant, this function will make them more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will allow you to allocate your funds better. You’ll be aware of the budget you have for other operating expenses.
What’s more is that TaxJar offers training and tutorials, not just on their platform, but for anything that has to do with sales tax. Check out their webinars, guides, or blog posts for additional details. Additionally, their sales tax calculator should be useful if you’re planning to take on the entire task yourself.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. This is why in this section we’ll examine TaxJar’s pricing levels and what each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan starts at $19. The company claims that it’s the best plan for those who need assistance with filing requirements or reporting. It also includes taxes on sales and sales as well as 4 annual AutoFiles for free, as well as a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale business owner, this plan should be ideal for you. It may not have all the features offered by TaxJar, but it has the essentials that you need.
In addition, you can reach their support team with their support chart for email. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking to get different from the standard features Professional may be the best option for you. The price starts at $99 but it can go higher when you add additional features.
So how different is it from the starter plan?
Apart from having access to every one of Starter plan’s options, you also have access to their phone customer support access to APIs, as well as advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you have a massive enterprise, you may want to go for an upgrade instead. It has all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited import integrations of data, Integrations with APIs, teams of users as well as AutoFiles.
They also have a staff dedicated for managing the account. However, they don’t disclose the amount that the Premium plan will cost you. TaxJar Prmary Business Location
But they did state that this plan is tailor-fit for every user. The cost of the plan will be different depending on what you need for your company.
Free Trial
Luckily, you don’t have to risk your money to find out if the platform is right for you. If you’re still looking into various options, they provide 30 days of free trial. It should give you enough time to determine whether the service is the right choice for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
After we’ve gone over everything you should know about TaxJar let’s take a breather. To sum it all up, here are the advantages and disadvantages of using TaxJar for your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Has 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.
- You can track several sales channels
Cons
- 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 out TaxJar is an excellent platform for businesses with multiple sales channels and uses many platforms. If this sounds like the way you’re doing, then you ought to try this.
Not only will it aid in tracking your products and revenue however, it will also help you meet the deadlines you set. It’s also an excellent option for accountants as they offer tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
The use of TaxJar can allow you to save more time while keeping track of every deadline and requirement you have to fulfill. If you live in a region with a lot of tax laws, this will certainly help you to get your mind around it. TaxJar Prmary Business Location
But if handling taxes is easy and straightforward, then TaxJar might not be a good expense. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire process easy to do, you might be better off doing it by yourself.
> > Click Here to Start TaxJar for Free < <
FAQ TaxJar Prmary Business Location
Which areas does TaxJar provide API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it into US$ prior to when TaxJar can calculate the tax.
