Taxes have always been one of the most difficult tasks to complete regardless of whether you’re running your own business or not. Even more so if you do not have a degree in finance or accounting. Tax-related work can be overwhelming, particularly when your whole day is filled with tasks to complete. When you’re not able to afford the funds to employ an accountant, performing the task on your own can be risky. If you make a mistake it could mean you have to do it all over again!
Almost everyone wants to skip this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do ?
We can make our lives easier by using tools like TaxJar.
This article will take a look at this life-saving device and how it can benefit you. While this is a long read but you’ll be able to assess whether TaxJar is the tool you require today.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar? TaxJar Sale Tax Providers Services
In 2013, TaxJar was established. TaxJar is an application that automatizes your reporting, filings and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it in all of your channels of sales to ensure that you are in compliance with sales tax requirements. It streamlines processes that take days to complete and is completed in just a few only a few minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is extensively used by online business owners to make their business more organized and straightforward. Let’s explore the benefits and features of TaxJar.
Features and services
One of the first things you’ll want to check is that your accounting tax system is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, you must ensure that everything is in order. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar allows you to display your key metrics in one spot. This means that there is no need to gather information from multiple sources and organize it into a single platform. All you have to do is integrate TaxJar and the platform will take care of the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms that they can connect with:
TaxJar allows clients to submit their sales tax either manually or via TaxJar’s AutoFile feature. For our review we’ll take a look at both.
If you choose to go it alone, TaxJar will allow you to connect your sales platforms. When it comes time to the filing of income tax returns The team will guide you on managing these. However, it will be up for you and your team to complete everything in time. TaxJar is there to help you understand what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out any forms manually. With this feature, everything will be automated, from calculating taxes on sales through recording, and then processing it. However, there might be 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. Your orders from your e-commerce channels can be put together into a single dashboard via this platform. From there you and your staff can access everything you need, like the list of transactions, reports, as well as information.
The most appealing aspect of this option is the fact that they allow you to update your account automatically each day. They not only let you know how much you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payment is due.
Their dashboard can also allow you to see the overall sales taxes in your business. It is also possible to export the data as CSV format. CSV file in case you require it for your financial planning and accounting processes or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep track of all of the sales avenues you use. It means you don’t need to hunt for your paperwork when you need them when you’re in a pinch. Even when you already have your accountant, this feature will help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your funds better. You’ll know better how much budget you have available for other operating costs.
But what’s even better is that TaxJar provides training and tutorials, not just for their platform but all things that has to do with sales tax. You can look through their guides, webinars, and blog for more info. Apart from that, their sales tax calculator can be beneficial when you’re planning to do everything on your own.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms provide amazing capabilities, but they’re often too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of these choices can provide you. Presently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. They claim that it’s the best plan if you need help with filing requirements or reporting. It also includes taxes on sales and sales as well as four free yearly AutoFiles, and a CSV import. Even with the basic plan, you have access to their AI tax recommendations.
If you’re a smaller company proprietor, then this program could be perfect for you. It may not have all the features of TaxJar but it comes with the basic features you require.
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 to get a bit more than just the basics, then the Professional plan might be the right one for you. The price starts at $99 however, it could go up when you add additional features.
So how different is it from the basic plan?
In addition to accessing every one of 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. They also allow you to have 12 free AutoFiles each year.
If you have a massive company, you may need to opt for an upgrade instead. It has all of the features that you require to make your tax filing easier. In addition, they offer unlimited import integrations of data API integrations, team members, and AutoFiles.
They also have a team dedicated to managing your account. They don’t reveal the price of the Premium plan. is going to cost. TaxJar Sale Tax Providers Services
But they did state that this plan is tailor-fit to each user. The cost of the plan will be different in line with what you require to run your business.
It’s a good thing that you don’t have to bet your life on it to determine if this service is right for you. If you’re still considering different options, they offer a 30-day free trial. This should give you enough time to determine whether the service is a good fit for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a breather. To summarize, here are the pros and cons of making use of TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms.
- You can track several sales channels
- 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
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid down, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes numerous platforms. If that’s what you’re doing, then you must try TaxJar.
It’s not just a way to aid in tracking the sales and profits of your business however, it will assist you in meeting the deadlines you set. This is also an excellent option for accountants as they offer tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
The use of TaxJar will help you save more time while keeping the track of each deadline and requirement you have to meet. If you’re living in a region with a lot of tax laws, this will definitely help you get your mind around it. TaxJar Sale Tax Providers Services
But if handling your taxes is straightforward If it isn’t, then TaxJar might not be a good expense. If you only have one or two channels for sales, TaxJar won’t be needed to keep track of everything. Moreover, if you’re finding the entire process easy to do then you’re better off doing it by yourself.
FAQ TaxJar Sale Tax Providers Services
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transaction amounts are n US$. If you’re using another currency, you’ll need to convert it into USdollars before TaxJar determines the tax.