Taxes are always one of the most difficult things to handle, whether you’re running your own business or not. Particularly if you don’t have a background in accounting or finance. Tax-related issues aren’t easy, particularly when your whole day is packed with things to do. If you don’t have enough money to employ an accountant, doing it on your own could be risky. If you make a mistake, you might have to do it all over again!
Nearly everyone would prefer to skip this step. But since it’s required and mandatory, there’s no other choice.
So what can we do about it?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this popular life-saving tool and how it can assist you. Although this is quite a long read, you should be able to determine if TaxJar is what you need right now.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, we’ll dive right into.
What is TaxJar TaxJar Reviews Api Sales Tax
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply it across all of your channels of sales to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could require days to complete and finish within only a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is widely used by business owners who run online businesses to ensure that everything is simple and organized. Let’s take a look at the features and services offered by TaxJar.
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Features and services
Integration
One of the first things you’ll need to make sure is your tax-reporting platform perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must ensure that everything is in order. The most important thing is not to be penalized for not paying attention to a minor thing.
TaxJar allows you to show your critical data in one location. This means that there is no need to collect data from different channels and then organize it on one platform. All you need to do is to integrate TaxJar, and the platform will take care of all the rest.
In addition, TaxJar also integrates with other platforms that can help with payments. Here’s a list of platforms they can integrate with:
Filing
TaxJar lets customers submit their sales tax either manually or via TaxJar’s AutoFile feature. For our review we’ll look at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all the sales channels you use. When it comes time to the filing of income tax returns, the team will instruct you on how to manage the tax returns. It is up for you and your staff to finish the tax returns on time. TaxJar is only there to help you understand what you have to do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out the forms in a manual manner. With this feature, everything will be automated, from calculating taxes on sales through recording, and then processing them. There could be additional costs if the feature is not part of the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting issues. The orders you place through your online channels can be compiled into a single dashboard through this platform. Once you’re on the platform, you and your team can access everything you need, such as a list of your transactions, reports, and data.
The best part about the feature you’ve chosen is it lets you to automatically update every day. They not only let you know how much you’ve collected and how much you’ve earned, but they also let you determine when your next payments are due.
The dashboard allows you to see the total sales tax within your company. Additionally, you can export the information to a CSV file if you need it in your process of financial planning and accounting or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep the track of all the sales avenues you use. That means you won’t have to hunt for your paperwork when you need them in a pinch. Even when you already have your accountant, this feature will aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have to cover other operating costs.
What’s more is that TaxJar offers training and tutorials, not just on their platform, but everything connected to sales tax. You can check out their webinars, guides, as well as their blog to find more details. Apart from that their sales tax calculator is useful if you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. This is why in this section we’ll examine TaxJar’s pricing levels and what each of those plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
Starter
Their Starter plan is priced at $19. The company claims that it’s the best plan to help you with filing requirements and reporting. It includes taxes on sales and sales as well as 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a smaller company owner, this plan will be perfect for you. It may not offer all the features of TaxJar, but it has all the basics you require.
You can also contact the support team via their support chart for email. Additionally, you’ll have access to their integration tools.
Professional
If you’re looking for a bit more than just the basics, then the Professional plan might be the right one for you. It starts at $99, but it can go higher if you add custom features.
So how different is it from the starter plan?
In addition to accessing each of Starter plan’s options, you also have access to their support via phone Access to APIs, phone support, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
Premium
If you own a huge business, you might need to choose the Premium plan instead. It includes all of the features you need to aid in your tax preparation. In addition, they offer unlimited import integrations of data Integrations with APIs, teams of users as well as AutoFiles.
They also have a staff that is devoted in managing your accounts. But, they don’t divulge how much the Premium plan will cost you. TaxJar Reviews Api Sales Tax
However, they did say that the plan is custom-made for each user. Therefore, the cost will differ depending on what you need for 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 right for you. If you’re still looking into different options, they offer a 30-day free trial. It should give you enough time to determine whether the software is a good fit for you.
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Pros and Cons
We’ve covered everything you must know about TaxJar Let’s relax. To summarize, here are the advantages and disadvantages of using TaxJar to run your business.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable to USA customers
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes many platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only can it help you track your products and revenue, but it can also help you meet the deadlines you set. This is also an excellent option for accountants as they have the Tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
Utilizing TaxJar can allow you to save more time while keeping on top of each deadline and requirement you have to meet. If you’re in an area with complex tax laws, this can definitely help you get your head around it. TaxJar Reviews Api Sales Tax
If handling taxes is easy and straightforward, then TaxJar could be a waste of investment. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. If you’re finding the entire process easy to do then you’re better off doing it by yourself.
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FAQ TaxJar Reviews Api Sales Tax
What are the areas in which TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I integrate Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All of the transaction amounts are n USdollars. If you’re using a different currency, you will need to convert it to USdollars prior to when TaxJar will calculate your tax.
