Taxes are always one of the most difficult tasks to complete, whether you’re running a business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related issues aren’t easy, particularly when you’re filled with tasks to complete. If you don’t have the funds to hire an accountant, making it yourself can be dangerous. If you miss one detail and you don’t know it, you may have to redo things again!
Almost everyone wants to avoid this step. But since it’s required, we have no choice.
What is the best way to deal with it?
We can always make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving device and how it can help you. While this is lengthy it is possible to gauge whether TaxJar is exactly what you need in the present.
Are you looking to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar TaxJar Salaried
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it in all of the sales channels you use to make sure you’re in compliance with sales taxes. It simplifies the processes that take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is widely used by online business owners to keep everything simple and organized. Let’s look into their features and services.
Services and features
One of the most important things you’ll need to ensure is that your accounting tax system seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you need to keep everything in place. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar lets you display your most important data in one location. This means that there is no requirement to collect data from different channels and then organize it on a single platform. All you need to do is integrate TaxJar it will take care of the rest.
Other than that, TaxJar also integrates with other platforms that can help with payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows customers to submit their sales tax by hand or using the AutoFile feature. For the purpose of this article, we’ll look into both.
If you decide to do it manually, TaxJar will allow you to connect your sales platforms. When the time is right for filing income tax returns, the team will instruct you on how to handle the tax returns. It is up to you and your team members to complete everything within the timeframe. TaxJar is only there to provide guidance on what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. This feature will ensure that everything will be automated from calculating sales taxes to recording and processing them. There could be additional costs if the feature is not included in the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be put together into one dashboard using this platform. Once you’re on the platform you and your staff will have access to everything you need, like the list of transactions, reports and the data.
The greatest benefit of this option is the fact that they allow you to automatically update every day. Not only will they let you keep track of how much you’ve earned, 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 for your business. Additionally, you can export the information to CSV format. CSV file if you need it in your accounting and financial planning processes or if you require it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all your sales channels. This means that you don’t have to scramble for your documents whenever you’re in a pinch. Even even if you already have an accounting firm, the feature can help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your funds better. You’ll know better how much budget you have available for other operating expenses.
The best part is that TaxJar offers tutorials and training not only on their platform, but for anything that has to do with sales tax. You can check out their guides, webinars, as well as their blog to find more info. Apart from that the sales tax calculator is beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing capabilities, but they’re often too costly for your business. This is why in this section we’ll examine TaxJar’s pricing structures and what each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. They say it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It also includes sales tax reporting, 4 autofiles for free each year, and an CSV import. Even with the starter plan, you will be able to access their AI tax advice.
If you’re a smaller business owner, this plan will be perfect for you. It may not have all the features of TaxJar, but it has the essentials that you need.
Additionally, you can contact their customer support via their email support chart. You’ll also have access to their integration tools.
If you’re looking for something different from the standard features, then the Professional plan may be the best option for you. The price starts at $99 but you can increase it 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, as well as advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you own a huge business, you might need to choose an upgrade instead. It includes all of the features needed to make your tax filing easier. Moreover, they allow unlimited data import integrations, Integrations with APIs, teams of members, and AutoFiles.
They also have a staff that is devoted for managing the account. But, they don’t divulge how much the Premium plan is going to cost. TaxJar Salaried
However, they did say that this plan is tailor-fit to each user. Therefore, the cost will differ according to what you require to run your business.
Luckily, you don’t have to gamble your money just to find out if the platform is for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to determine whether the software is the right choice for you.
Pros and Pros and
After we’ve gone over everything you should be aware of TaxJar let’s take a breather. To summarize, here are the pros and cons of using TaxJar to run your business.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Has support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms
- You can track several 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 applicable to USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform businesses with many sales channels and utilizes numerous platforms. If that’s what you do, then you must try TaxJar.
Not only will it assist you in keeping track of your products and revenue, but it can help you meet your deadlines. It is also a great platform for an accountant since they provide the Tax Advisor program. You can get tips and gain knowledge from their workshops on taxes by using it.
Utilizing TaxJar will help you save more time while keeping the track of each deadline or requirement you need to meet. If you live in a region with a lot of tax laws, this will definitely help you get your head around the subject. TaxJar Salaried
However, if managing taxes is easy If it isn’t, then TaxJar might not be a good 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 in doing it all on your own.
FAQ TaxJar Salaried
What are the areas in which TaxJar offer API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Can I incorporate Shopify together with TaxJar?
Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All of the transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it into USdollars before TaxJar will calculate your tax.