Taxes have always been among 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 finance or accounting. Tax-related issues can be overwhelming, especially when you’re filled with tasks to complete. When you’re not able to afford the funds to employ an accountant, performing the task on yourself can be dangerous. If you overlook one thing and you don’t know it, you may have to do it all over again!
Almost everyone wants to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.
So , what can we do about it?
We can make our lives easier with tools such as TaxJar.
We’ll look at this life-saving tool and how it can assist you. While this is a long read, you should be able to assess whether TaxJar is what you need right now.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
For those who like to read, we’ll dive right into.
What exactly is TaxJar? TaxJar Refunds
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it across all of the sales channels you use to ensure compliance with sales tax requirements. It simplifies the processes that require days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by online business owners to keep everything neat and simple. Let’s look into their features and services.
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Features and services
Integration
One of the first things you’ll need to ensure is that your accounting tax platform perfectly integrates along with sales funnels. If you have multiple sales channels, it is essential to 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 show your most important metrics in one place. That way, there’s no need to gather information from multiple sources and organize it into one platform. All you need to do is connect TaxJar, it will do the rest.
In addition, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar allows customers to make sales tax filings by hand or using the AutoFile feature. In this review, we’ll dig into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect those sales tools. When the time is right for the filing of income tax returns The team will guide you on how to manage the tax returns. But, it is up for you and your staff to finish the tax returns in time. TaxJar is there to help you understand what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. With this feature, everything will be automated from calculating taxes on sales in order to record and process it. There could be additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to assist you with your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. From there you and your staff will have access to all the information you need, like a list of your transactions, reports, as well as information.
The greatest benefit 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 earned, but they also help you determine when your next payments are due.
Their dashboard also allows you to see the sales tax totals in your business. Additionally, you can export the information to CSV format. CSV file, if you want to use it in your accounting and financial planning processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep on top of all the channels you sell through. That means you won’t have to search for your documents whenever you’re in the event of a need. Even when you already have your accountant, this function will make them more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your money more efficiently. You’ll know better how much budget you have available for other operational costs.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just for their platform but everything that has to do with sales tax. Check out their guides, webinars, or blog posts for additional information. In addition the sales tax calculator is helpful if you’re planning on complete everything yourself.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. That’s why for this section, we’ll look into TaxJar’s pricing levels and the features that each of these plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the most effective plan if you need help in filing and reporting. It also includes the tax on sales, four autofiles for free each year, and a CSV import. Even with the basic plan, you will be able to access their AI tax advice.
If you’re a smaller company owner, this plan could be ideal for you. It may not offer all of TaxJar’s features but it comes with 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 for different from the basics Professional may be the best option for you. The price starts at $99 but you can increase it by adding custom features.
What is the difference from the starter plan?
Apart from having access to all of the Starter plan’s features, you also get access to the support of their customer service via phone, API access, and advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you own a huge enterprise, you may want to go for the Premium plan instead. It includes all of the features you need to aid in your tax preparation. Moreover, they allow unlimited integrations with data imports, Integrations with APIs, teams of members and AutoFiles.
They also have a team dedicated to managing your account. However, they don’t disclose the amount that the Premium plan is going to cost. TaxJar Refunds
However, they did mention that this plan is customized to each user. The cost of the plan will be different according to what you require to run your business.
Free Trial
It’s a good thing that you don’t have to bet your life on it to find out if the platform is for you. If you’re still looking into different options, they offer 30 days of free trial. This should be enough time to gauge whether the software is an excellent fit for you.
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Pros and Pros and
We’ve covered everything you must know about TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of the use of TaxJar for your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms
- Allows you to track multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable to USA customers.
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything laid out TaxJar is an excellent platform for companies with numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then you ought to try this.
Not only can it aid in tracking your revenue and products, but it can help you meet your deadlines. This is also an excellent opportunity for accountants since they have a Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
Using TaxJar can allow you to get more done while keeping on top of each deadline and obligation you have to fulfill. If you’re living in a region with a lot of tax laws, this will certainly help you to get your mind around it. TaxJar Refunds
But if handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of everything. If you’re finding the entire process easy to do then you’re better in doing it all on your own.
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FAQ TaxJar Refunds
What are the areas in which TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it into USdollars before TaxJar will calculate the tax.
