Taxes are always one of the most difficult tasks to complete, whether you’re running a business or not. More so if you don’t have any experience in accounting or finance. Tax-related issues aren’t easy, particularly when you’re full of things to be done. If you don’t have the funds to hire an accountant, doing it on your own can be risky. If you make a mistake, you might need to repeat the process!
Nearly everyone would prefer to skipping this step. But , as it’s a requirement, we have no choice.
So what can we do ?
We can always make our lives easier with tools such as TaxJar.
This article will take a look at this popular life-saving tool and explain how it can help you. Even though this is an extensive read it is possible to gauge whether TaxJar is the tool you require today.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, then let’s get right into it.
What is TaxJar TaxJar Refund Policy
Founded in 2013, TaxJar is an application that automatizes your reporting, filings and sales tax calculation. TaxJar is a solution to the entire life cycle. Additionally, you can use it in all of the sales channels you use to make sure you’re in compliance with sales taxes. It streamlines processes that take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized 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 owners of online businesses to keep everything simple and organized. Let’s take a look at the features and services offered by TaxJar.
Services and features
One of the most important things you’ll want to check you have a tax accounting software perfectly integrates with your sales channel. If you have multiple sales channels, you must maintain everything in line. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your key metrics in one place. This means that there is no requirement to collect information from multiple sources and organize it into one platform. All you have to do is to integrate TaxJar, then the system will handle the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
TaxJar lets customers make sales tax filings by hand or using TaxJar’s AutoFile feature. In this review, we’ll take a look into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. When the time is right for filing income tax returns TaxJar will train you on how to handle them. It is up to you and your staff to complete everything in time. TaxJar is there to guide you on what you should do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating taxes on sales through recording, and then processing them. There could be extra fees if not part of the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting issues. 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 require, including the list of transactions, reports, and the data.
The most appealing aspect of the feature you’ve chosen is it lets you to automatically update every day. Not only will they let you keep track of how much you’ve collected, but they also help you keep track of when the next payments are due.
Their dashboard also allows you to fully view the overall sales taxes in your business. It is also possible to export your data in CSV format. CSV file in case you require it to aid in accounting and financial planning processes or if your team requires it to run centralized reports.
Training and Streamlining
TaxJar helps organize and keep the track of all your sales channels. This means that you don’t have to search for your documents when 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 in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have for other operational expenses.
What’s more is that TaxJar offers training and tutorials, not just for their platform , but also all things that has to do with sales tax. You can look through their webinars, guides, as well as their blog to find more info. Additionally the sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb features, but they can be too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing structures and what each of those options can offer you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. They claim that it’s the most effective plan for those who need assistance in filing and reporting. It comes with taxes on sales and sales as well as 4 autofiles for free each year, and the option of a CSV import. With the starter plan, you can access their AI tax tips.
If you’re a small-scale business owner, this plan should be perfect for you. It may not have all the features of TaxJar however, it does include the basic features you require.
In addition, you can reach their customer support via their support chart for email. Additionally, you’ll have access to their integration tools.
If you’re looking for something different from the standard features, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher by adding custom features.
How different is it from the starter plan?
Apart from having access to all of the Starter plan’s options, you also have access to their phone customer support, API access, and advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you own a huge business, you might need to go for the Premium plan instead. It comes with all the features that you require to aid in your tax preparation. In addition, they offer unlimited integrations with data imports, API integrationsfor team users and AutoFiles.
They also have a team who are devoted for managing the account. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Refund Policy
However, they did mention that this plan is tailor-fit for every user. The cost of the plan will be different in line with what you require to run your business.
Fortunately, you don’t need to gamble your money just to see if this platform is for you. If you’re still looking into various options, they provide 30 days of free trial. It should give you enough time to see whether the software is the right choice for you.
Pros and Pros and
We’ve covered everything you need to know about TaxJar let’s take a break. To sum it all up we’ll go over the pros and cons of using TaxJar for your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable 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 companies with numerous sales channels, and that utilizes many platforms. If that’s what you do, then you must try TaxJar.
It’s not just a way to assist you in keeping track of your revenue and products, but it can assist you in meeting the deadlines you set. This is also an excellent opportunity for accountants since they provide a Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
The use of TaxJar can help you save more time while keeping the track of each deadline and requirement you have to fulfill. If you’re in a region with a lot of tax laws, this can surely help you wrap your mind around it. TaxJar Refund Policy
But if handling your taxes is simple If it isn’t, then TaxJar could be a waste of expense. If you only have one or two sales channels, TaxJar won’t be needed to track everything. Moreover, if you’re finding the entire process easy to do, you might be better off doing it on your own.
FAQ TaxJar Refund Policy
Which areas does TaxJar offer API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions’ amounts are in US$. If you’re using another currency, you’ll need to convert it to US$ prior to when TaxJar will calculate your tax.