Taxes have always been among the hardest things to do, whether you’re running your own business or not. More so if you don’t have any experience in finance or accounting. Tax-related issues can be overwhelming, especially when you’re packed with things to do. When you’re not able to afford enough money to hire an accountant, doing it on your own can be dangerous. If you overlook one thing and you don’t know it, you may have to redo things again!
Most people want to avoid this step. But since it’s required, we have no choice.
So , what is the best way to deal with it?
We can always make our lives easier with tools such as TaxJar.
Here we’ll take a look at this popular life-saving device and how it can help you. Even though this is a long read it is possible to determine if TaxJar is what you need today.
Do you prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, let’s dive right in.
What is TaxJar TaxJar Reveiws
Founded in 2013, TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. It is a solution for the entire life cycle. Additionally, you can use it across all of your channels of sales to ensure compliance with sales taxes. It streamlines processes that can take days to complete, and is completed in just a few just a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is used extensively by owners of online businesses to make their business more simple and organized. Let’s explore the features and services offered by TaxJar.
Features and services
One of the first things you’ll need to ensure you have a tax accounting software seamlessly works well along with sales funnels. If you’re using multiple sales channels, it is essential to keep everything in place. The most important thing is not to be penalized for not paying attention to a minor thing.
TaxJar allows you to show your critical metrics in one spot. That way, there’s no need to gather data from different channels and then organize it on one platform. All you need to do is integrate TaxJar, it will do the rest.
In addition, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows clients to submit their sales tax manually or through their AutoFile feature. In the purpose of this article, we’ll take a look into both.
If you decide to do it manually, TaxJar will allow you to connect all your sales platforms. When the time is right for the filing of income tax returns, the team will instruct you on how to handle the tax returns. However, it will be up to you and your staff to complete everything within the timeframe. TaxJar is there to help you understand what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out all forms by hand. Through this feature, everything is automated, from calculating sales tax in order to record and process it. There could be additional charges if they are not part of the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to assist you with your accounting woes. All orders made through your e-commerce channels can be combined into one dashboard using this platform. From there you and your staff can access everything you need, such as a list of your transactions, reports, and the data.
The greatest benefit of the feature you’ve chosen is they allow you to automatically update every day. Not only can they help to know the amount you’ve collected however, they can also help you determine when your next payment is due.
Their dashboard also allows users to view in detail the total sales tax for your business. It is also possible to export the information as the form of a CSV file in case you require it in your process of financial planning and accounting or if your team requires it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the sales avenues you use. This means that you don’t have to hunt for your paperwork when you need them in a pinch. Even even if you already have an accountant, this function will help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your funds better. You’ll know exactly how much budget you have to cover other operating expenses.
What’s more is that TaxJar provides training and tutorials, not just for their platform but all things that has to do with sales tax. You can check out their guides, webinars, or blog posts for additional details. Apart from that their sales tax calculator is useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. That’s why for this section we’ll take a look at TaxJar’s pricing tiers and the features that each of these plans can offer. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan is priced at $19. They claim that it’s the most effective plan for those who need assistance with filing requirements or reporting. It also includes sales tax reporting, 4 free yearly AutoFiles, and the option of a CSV import. With the starter plan, you have access to their AI tax advice.
If you’re a small company manager, the plan will be perfect for you. It might not include all of TaxJar’s features, but it has the essentials that you need.
In addition, you can reach the support team via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking for that is more than the basics Professional might be the right one for you. The price starts at $99 however, it could go up when you add additional features.
How different is it from the original plan?
In addition to accessing each of Starter plan’s features, you also have their phone customer support access to APIs, as well as advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive business, you might need to go for premium plans instead. It includes all of the features that you require to help with your taxes. In addition, they offer unlimited data import integrations as well as API integrationsfor team members, and AutoFiles.
There is also a team that is devoted to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Reveiws
But they did state that this plan is customized for each user. So the costs will vary in line with what you require for your company.
Fortunately, you don’t need to bet your life on it to find out if the platform is the right one for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. This should be enough time to determine whether the software is an excellent fit for you.
Pros and Pros and
Now that we’ve covered all you should know about TaxJar let’s take a breather. To summarize we’ll go over the advantages and disadvantages of using TaxJar to run your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only valid for USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to businesses with multiple sales channels and uses plenty of platforms. If this sounds like the way 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’s also an excellent opportunity for accountants since they offer 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 the track of each deadline and obligation you have to fulfill. If you live in a region with a lot of tax regulations, this will certainly help you to get your head around it. TaxJar Reveiws
However, if managing your taxes is straightforward, then TaxJar could be a waste of investment. If you have only one or two sales channels, TaxJar won’t be needed to track everything. Moreover, 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.
FAQ TaxJar Reveiws
Which areas does 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 to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it to US$ prior to when TaxJar determines your tax.