Taxes are always one of the most difficult things to handle regardless of whether you run an enterprise or not. Particularly if you don’t have a background in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is filled with tasks to complete. If you don’t have enough money to engage an accountant performing the task on your own can be risky. If you overlook one thing and you don’t know it, you may need to repeat the process!
Nearly everyone would prefer to skipping this step. However, since it’s mandatory to be done, we can’t choose not to.
So what can we do ?
It is always possible to make life easier by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can benefit you. Although this is quite lengthy but you’ll be able to determine if TaxJar is exactly what you need in the present.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
If you prefer to read, then let’s dive right in.
What is TaxJar TaxJar Reseller Certificate
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It is a solution for the entire life cycle. Additionally, you can use it across all your channels of sales to ensure compliance with your sales taxes. It streamlines processes that take days to complete and finish within just a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by online business owners to keep everything neat and simple. Let’s take a look at the benefits and features of TaxJar.
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Services and features
Integration
One of the first things you’ll want to check is that your accounting tax software is compatible along with sales funnels. If you’re selling through multiple channels, you need to keep everything in place. The most important thing is not to be penalized for missing a single minor point.
TaxJar allows you to show your most important metrics in one spot. So, there’s no requirement to collect data in multiple channels and organize it into one platform. All you have to do is to integrate TaxJar, and the platform will do all the rest.
Other than that, TaxJar also integrates with other platforms that can help with payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar allows customers to make sales tax filings manually or through their AutoFile feature. For our review we’ll look at both.
If you choose to do it manually, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing tax returns for income TaxJar will train you on how to handle the tax returns. It is up for you and your team members to complete the process on time. TaxJar is there to help you understand what you should do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. With this feature, everything will be automated from calculating taxes on sales to recording and processing it. But, it is possible to incur additional charges if they are not included in the plan you chose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting issues. The orders you place through your online channels can be combined 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 need, such as the list of transactions, reports, and the data.
The greatest benefit of this feature is that it allows you to update automatically every day. Not only can they help you know how much you’ve earned, but they also help you determine when your next payment is due.
Their dashboard can also allow you to see the overall sales taxes within your company. You can also export your data as a CSV file in case you require it for your financial planning and accounting processes or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps you organize and keep track of all of the channels you sell through. That means you won’t have to scramble for your documents whenever you’re in the event of a need. Even if you already have your accountant, this function can help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will help you plan your money more efficiently. You’ll know exactly how much budget you have to cover other operational costs.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just for their platform but for anything that has to do with sales tax. You can check out their webinars, guides, as well as their blog to find more details. In addition their sales tax calculator should be 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 establish your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of those plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. The company claims that it’s the most suitable plan for you to help you with filing requirements and reporting. It includes taxes on sales and sales as well as 4 free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you will be able to access their AI tax recommendations.
If you’re a small-scale business proprietor, then this program should be perfect for you. It may not offer all the features offered by TaxJar but it comes with the essentials that you need.
You can also contact their customer support via their support chart for email. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking for something different from the basic features and options, then the Professional plan might be the right one for you. The price starts at $99 however, it could go up if you add custom features.
What is the difference from the basic 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 access to APIs, as well as sophisticated CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you run a large business, you might need to opt for premium plans instead. It comes with all the features you need to help with your taxes. Additionally, they permit unlimited integrations with data imports, Integrations with APIs, teams of users, and AutoFiles.
There is also a team who are devoted in managing your accounts. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Reseller Certificate
But they did state that this plan is customized for every user. The cost of the plan will be different depending on what you need for your company.
Free Trial
Fortunately, you don’t need to risk your money to find out if the platform is for you. If you’re still looking into different options, they offer 30 days of free trial. It should give you enough time to see whether the software is an excellent fit for you.
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Pros and Cons
After we’ve gone over everything you should be aware of TaxJar Let’s relax. To sum it all up, 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 save time
- Available in most USA states
- Offers an online sales tax calculator
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only valid for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid out TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes many platforms. If that sounds like what you’re doing, then should try this.
Not only can it assist you in keeping track of the sales and profits of your business however, it will also help you meet the deadlines you set. It is also a great option for accountants as they offer a Tax Advisor program. There are tips to follow and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar will help you reduce time and keep on top of each deadline or requirement you need to meet. If you live in a place with complicated tax regulations, this will certainly help you to get your mind around it. TaxJar Reseller Certificate
However, if managing your taxes is straightforward, then TaxJar could be a waste of expense. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of all of it. If you find the whole procedure easy to complete and you’re comfortable with it, you may be better in doing it all by yourself.
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FAQ TaxJar Reseller Certificate
What are the areas in which TaxJar provide API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account with 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 currency values. All of the transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it to USdollars before TaxJar can calculate the tax.
