Taxes have always been among the hardest things to do, whether you’re running your own business or not. Even more so if you do not have any experience in accounting or finance. Tax-related work can be overwhelming, particularly when your whole day is packed with things to do. If you don’t have enough money to hire an accountant, doing it on your own could 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 avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
What is the best way to deal with it?
We can always make life easier by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can help you. Even though this is an extensive read but you’ll be able to determine if TaxJar is exactly what you need in the present.
Do you prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, let’s dive right in.
What is TaxJar TaxJar Remote Jobs
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it across all of the sales channels you use to make sure you’re in compliance with sales taxes. It makes the process simpler that could require days to complete and finish within just a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is used extensively by online business owners to ensure that everything is neat and simple. Let’s explore their features and services.
Features and services
One of the first things you’ll need to ensure is that your accounting tax software is compatible along with sales funnels. If you’re selling through multiple channels, you must maintain everything in line. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your critical metrics in one spot. This means that there is no requirement to collect information from multiple sources and organize it into a single platform. All you need to do is integrate TaxJar and the platform will take care of the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of platforms they are able to integrate with:
TaxJar lets customers submit their sales tax manually or through their AutoFile feature. In this review, we’ll take a look into both.
If you opt to do it manually, TaxJar will allow you to connect all those sales tools. When it comes time to filing income tax returns, the team will instruct you on how to handle these. However, it will be up to you and your staff to complete everything in time. TaxJar is only there to guide you on what you should do but not handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit the forms in a manual manner. With this feature, everything will be automated, from calculating sales tax through recording, and then processing it. There could be extra fees if not included in the plan you choose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using 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 information.
The greatest benefit of this option is the fact that it allows you to automatically update every day. Not only can they help you keep track of how much you’ve collected, but they also help you determine when your next payments are due.
Their dashboard can also allow you to fully view the overall sales taxes in your business. You can also export your data in the form of a CSV file if you need it for your financial planning and accounting processes or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the sales avenues you use. 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 aid them in being more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your money more efficiently. You’ll be aware of the budget you have available for other operating expenses.
But what’s even better is that TaxJar provides training and tutorials and tutorials, not just on their platform, but for anything that has to do with sales tax. You can check out their guides, webinars, or blog posts for additional information. 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 establish your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing tiers and what each of these options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan is priced at $19. They claim that it’s the most effective plan to help you with filing requirements and reporting. It also includes sales tax reporting, four free yearly AutoFiles, and a CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small company owner, this plan should be perfect for you. It may not offer all the features offered by TaxJar however, it does include the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also have access to their integration tools.
If you’re looking to get a bit more than just the basics and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it when you add additional features.
So how different is it from the basic plan?
Apart from having access to all of the Starter plan’s features, you also get access to their support via phone, API access, and sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you own a huge company, you may need to opt for an upgrade instead. It includes all of the features you need to aid in your tax preparation. In addition, they offer unlimited import integrations of data API integrationsfor team users, and AutoFiles.
They also have a staff who are devoted to managing your account. They don’t reveal the price of the Premium plan. will cost you. TaxJar Remote Jobs
But they did state that this plan is customized for each user. Therefore, the cost will differ depending on what you need to run your business.
Fortunately, you don’t need to bet your life on it to determine if this service is right for you. If you’re still considering different options, they offer 30 days of free trial. This should give you enough time to see whether the software is a good fit for you.
Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar let’s take a breather. To sum it all up Here are the pros and cons of the use of TaxJar to run your business.
- Has the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not 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 clearly laid out TaxJar provides a fantastic platform to companies with multiple sales channels and uses plenty of platforms. If that sounds like what you’re doing, then you should try this.
Not only can it help you track the sales and profits of your business, but it can also help you meet your deadlines. It’s also an excellent platform for an accountant since they have the Tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
Using TaxJar can help you reduce time and keep track of every deadline and obligation you have to meet. If you’re in a region with a lot of tax laws, this will definitely help you get your head around it. TaxJar Remote Jobs
If handling your taxes is simple, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole process easy to do, you might be better to do it on your own.
FAQ TaxJar Remote Jobs
What are the areas in which TaxJar offer API assistance?
TaxJar currently works with countries like 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 to TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to US$ before TaxJar can calculate your tax.