Taxes have always been among the most difficult things to handle regardless of whether you’re running an enterprise or not. Particularly if you don’t have a background in finance or accounting. Tax-related issues can be overwhelming, especially when you’re packed with things to do. In the event that you do not have the funds to employ an accountant, doing it on your own could be risky. If you make a mistake, you might need to repeat the process!
Almost everyone wants to skip this step. But since it’s required and mandatory, there’s no other choice.
What can we do ?
We can make life easier by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can assist you. Even though this is a long read it is possible to gauge whether TaxJar is what you need right now.
Do you prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What is TaxJar? TaxJar Reseller
Founded in 2013, TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It’s a solution for the entire life cycle. Additionally, you can use it across all of your channels of sales to ensure that you are in compliance with sales tax requirements. It simplifies the processes that take days to complete and can be completed in a matter of just a few minutes.
TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is used extensively by owners of online businesses to keep everything organized and straightforward. Let’s explore the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll want to check is your tax-reporting system is compatible with your sales channel. If you have multiple sales channels, you need to maintain everything in line. The final thing you would like is to be penalized for not paying attention to a minor thing.
TaxJar allows you to display your critical metrics in one place. So, there’s no need to gather data in multiple channels and sort it into one platform. All you have to do is to integrate TaxJar, then the system will do the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
Filing
TaxJar allows clients to file their sales taxes by hand or using TaxJar’s AutoFile feature. For our review we’ll dig at both.
If you decide to go it alone, TaxJar will allow you to connect the sales channels you use. When the time is right for the filing of income tax returns, the team will instruct you on managing them. But, it is up for you and your team members to complete the process in time. TaxJar is only there to guide you on what you should do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. This feature will ensure that everything will be automated, from calculating sales taxes through recording, and then processing it. There could be extra fees if not included in the plan you select.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to help you with your accounting issues. Your orders from your e-commerce channels can be combined into one dashboard using this platform. From there, you and your team can access everything you require, including an inventory of your transactions, reports, as well as information.
The most appealing aspect of the feature you’ve chosen is it lets you to automatically update every day. Not only can they help to know the amount you’ve earned however, they can also help you determine when your next payments are due.
Their dashboard can also allow you to see the total sales tax for your business. You can also export your data to a CSV file, if you want to use it to aid in accounting and financial planning processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep on top of all the sales avenues you use. That means you won’t have to scramble for your documents whenever you’re in a pinch. Even if you already have your accounting firm, the feature will aid them in being more efficient.
Additionally, knowing the figures 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 available for other operational expenses.
What’s more is that TaxJar offers tutorials and training not only on their platform, but for anything related to sales tax. You can look through their webinars, guides, or blog posts for additional information. Additionally, their sales tax calculator is beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We understand how important it is to set your budget. Certain platforms have amazing capabilities, but they’re often too costly for the business you run. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these choices can provide you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan costs $19. The company claims that it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It includes sales tax reporting, four free yearly AutoFiles, and an CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a smaller company owner, this plan will be perfect for you. It may not offer all of TaxJar’s features but it comes with the essentials that you need.
Additionally, you can contact the support team via their support chart for email. You’ll also have access to their integration features.
Professional
If you’re looking for something that is more than the basic features and options, then the Professional plan may be the best option for you. It starts at $99, however, it could go up by adding custom features.
What is the difference from the original 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, phone support, and sophisticated 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 an upgrade instead. It includes all of the features that you require to help with your taxes. In addition, they offer unlimited integrations with data imports as well as API integrationsfor team users and AutoFiles.
They also have a staff dedicated in managing your accounts. They don’t reveal the amount that the Premium plan will cost you. TaxJar Reseller
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 to run your business.
Free Trial
Luckily, you don’t have to bet your life on it to find out if the platform is right for you. If you’re still looking into different options, they offer 30 days of free trial. It should give you enough time to determine if the platform is a good fit for you.
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Pros and Pros and
We’ve covered everything you must be aware of TaxJar let’s take a breather. To summarize Here are the pros and cons of using TaxJar to run your business.
Pros
- Does the plan include 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
- Support service team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for USA customers
- Needs accountants and owners to check local legislation
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 do, then you ought to try this.
Not only can it aid in tracking the sales and profits of your business It can help you meet the deadlines you set. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
Utilizing TaxJar can help you save more time while keeping track of every deadline and requirement you have to fulfill. If you’re living in a region with a lot of tax laws, this can certainly help you to get your head around it. TaxJar Reseller
But if handling your taxes is straightforward, then TaxJar may be an unnecessary expense. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. If you find the entire procedure simple to follow, you might be better off doing it on your own.
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FAQ TaxJar Reseller
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions are in US$. If you’re using another currency, you will need to convert it into US$ before TaxJar determines your tax.
