Taxes have always been one of the hardest things to do, whether you’re running your own business or not. More so if you don’t have a background in accounting or finance. Tax-related issues can be overwhelming, especially when you’re full of things to be done. When you’re not able to afford enough money to engage an accountant performing the task on yourself can be risky. If you make a mistake and you don’t know it, you may have to redo things again!
Almost everyone wants to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
What is the best way to deal with it?
It is always possible to simplify our lives by using tools like TaxJar.
We’ll look at this life-saving tool and explain how it can help you. While this is an extensive read, you should be able to assess whether TaxJar is exactly what you need right now.
Do you prefer video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What is TaxJar TaxJar Sale Tax Providers
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Additionally, you can use it across all of your sales channels to make sure you’re in compliance with sales taxes. It streamlines processes that take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by online business owners to keep everything simple and organized. Let’s look into the benefits and features of TaxJar.
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Features and services
Integration
One of the first things you’ll want to check is that your accounting tax platform seamlessly works well with your sales channel. If you have multiple sales channels, you need to keep everything in place. The last thing you want is to get a penalty for missing a single minor point.
TaxJar allows you to display your key metrics in one spot. So, there’s no need to gather data from different channels and organize it into one platform. All you have to do is integrate TaxJar, it will handle the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they are able to integrate with:
Filing
TaxJar lets customers file their sales taxes either manually or via the AutoFile feature. In our review we’ll dig at both.
If you decide to go it alone, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing tax returns for income The team will guide you on how to manage the tax returns. It is up to you and your staff to complete everything within the timeframe. TaxJar is only there to help you understand what you should accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out any forms manually. With this feature, everything will be automated from calculating sales taxes in order to record and process them. But, it is possible to incur additional costs if the feature is not included in the plan you select.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting problems. The orders you place through your online channels can be combined into one dashboard using 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, as well as the data.
The best part about the feature you’ve chosen is they allow you to update automatically every day. Not only can they help you keep track of how much you’ve collected and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow users to view in detail the sales tax totals for your business. It is also possible to export your data in CSV format. CSV file in case you require it in your process of financial planning and accounting or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all the sales avenues you use. This means that you don’t have to scramble for your documents when you’re in the event of a need. Even even if you already have an accountant, this function will make them more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your funds more effectively. You’ll be aware of the budget you have to cover other operational expenses.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform but all things related to sales tax. Check out their webinars, guides, and blog for more information. Additionally their sales tax calculator is beneficial when you’re planning to complete everything yourself.
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How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan costs $19. They say it’s the best plan if you need help in filing and reporting. It comes with the tax on sales, four free yearly AutoFiles, and an CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a smaller company owner, this plan should be ideal for you. It might not include all of TaxJar’s features however, it does include all the basics you require.
You can also contact their support team with their support chart for email. You’ll also be able to use their integration tools.
Professional
If you’re looking for a bit more than just the basics Professional could be the one for you. The price starts at $99 but it can go higher by adding custom features.
So how different is it from the original plan?
In addition to having access to all of the Starter plan’s features, you also get access to the support of their customer service via phone Access to APIs, phone support, and advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
Premium
If you run a large 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 import integrations of data API integrations, team members and AutoFiles.
They also have a staff that is devoted for managing the account. However, they don’t disclose the amount that the Premium plan will cost you. TaxJar Sale Tax Providers
However, they did mention that this plan is customized for each user. The cost of the plan will be different depending on what you need to run your business.
Free Trial
Fortunately, you don’t need to gamble your money just to see if this platform is right for you. If you’re still looking into various options, they provide 30 days of free trial. This should be enough time to gauge if the platform is an excellent fit for you.
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Pros and Cons
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 the use of TaxJar for your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator.
- Support Service Team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- You can track several sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid out TaxJar can be a great platform companies with many sales channels and utilizes many platforms. If that’s what you do, then you must try TaxJar.
Not only can it aid in tracking the sales and profits of your business however, it will also help you meet your deadlines. This is also an excellent opportunity for accountants since they have a Tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
Using TaxJar will help you save more time while keeping the track of each deadline and obligation you have to fulfill. If you’re in an area with complex tax laws, this will certainly help you to get your mind around it. TaxJar Sale Tax Providers
But if handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of everything. Moreover, if you find the entire procedure easy to complete and you’re comfortable with it, you may be better to do it by yourself.
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FAQ TaxJar Sale Tax Providers
What areas does TaxJar provide API assistance?
TaxJar currently supports 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 sync your Shopify account to TaxJar to facilitate monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transactions are in US$. If you’re using a different currency, you’ll need to convert it into US$ prior to when TaxJar determines your tax.
