Taxes have always been one of the hardest things to do regardless of whether you’re running a business or not. More so if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, especially when you’re filled with tasks to complete. When you’re not able to afford the funds to hire an accountant, doing it 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 avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
What can we do ?
We can make our lives easier by using tools like TaxJar.
This article will take a look at this popular life-saving tool and explain how it can benefit you. While this is lengthy, you should be able to determine if TaxJar is what you need in the present.
Are you looking video streaming instead? Take a look at 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 exactly is TaxJar? TaxJar Sales Development Representative
Founded in 2013, TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It’s a solution for the entire life cycle. Furthermore, you can utilize it in all of your sales channels to ensure compliance with sales tax requirements. It streamlines processes that can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is extensively used by owners of online businesses to keep everything neat and simple. 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 need to make sure is that your accounting tax software is compatible with your sales channel. If you’re using multiple sales channels, you must ensure that everything is in order. The final thing you would like is to be penalized for missing a single minor point.
TaxJar allows you to show your critical metrics in one spot. That way, there’s no need to gather information from multiple sources and organize it into one platform. All you need to do is to integrate TaxJar it will take care of the rest.
In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list of platforms that they can connect with:
Filing
TaxJar allows customers to make sales tax filings either manually or via their AutoFile feature. In our review we’ll dig into both.
If you choose to go it alone, TaxJar will allow you to connect all of your sales platforms. When it comes time to the filing of income tax returns The team will guide you on how to handle these. However, it will be up to you and your team members to complete the process in time. TaxJar is there to provide guidance on what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. With this feature, everything will be automated from calculating sales taxes in order to record and process them. There could be extra fees if not included in the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease 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 will have access to everything you need, like the list of transactions, reports and information.
The best part about the feature you’ve chosen is it lets you to update automatically every day. Not only can they help you keep track of how much you’ve accumulated and how much you’ve earned, but they also let you track when your following payment is due.
The dashboard allows you to fully view the total sales tax within your company. It is also possible to export the information in the form of a CSV file if you need it to aid in financial planning and accounting processes or if your team requires it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. That means you won’t have to hunt for your paperwork whenever you’re in the event of a need. Even even if you already have an accountant, this function will help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll know better how much budget you have to cover other operational costs.
What’s more is that TaxJar offers training and tutorials and tutorials, not just on their platform, but for anything related to sales tax. You can look through their webinars, guides or blog posts for additional information. In addition, their sales tax calculator should be beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Certain platforms have amazing features, but they’re sometimes too costly for your business. This is why in this section we’ll take a look at TaxJar’s pricing levels and the features that each of these choices can provide you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan starts at $19. They claim that it’s the most effective plan for those who need assistance with filing requirements or reporting. It includes taxes on sales and sales as well as four free yearly AutoFiles, and a CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a small-scale business manager, the plan will be ideal for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.
You can also contact their customer support via their email support chart. You’ll also be able to use their integration features.
Professional
If you’re looking to get a bit more than just the basic features and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it if you add custom features.
How different is it from the starter plan?
Apart from having access to all of the Starter plan’s options, you also have access to their phone customer support, API access, and the ability to do advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
Premium
If you own a huge enterprise, you may want to opt for an upgrade instead. It comes with all the features that you require to make your tax filing easier. Additionally, they permit unlimited integrations with data imports as well as Integrations with APIs, teams of users as well as AutoFiles.
They also have a staff who are devoted to managing your account. They don’t reveal how much the Premium plan costs you. TaxJar Sales Development Representative
However, they did mention that this plan is customized to each user. Therefore, the cost will differ in line with what you require for your business.
Free Trial
Fortunately, you don’t need to risk your money to determine if this service is the right one for you. If you’re still looking into various options, they provide a 30-day free trial. This should give you enough time to determine if the platform is the right choice for you.
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Pros and Cons
After we’ve gone over everything you must be aware of TaxJar Let’s relax. In order to sum up the whole thing Here are the pros and cons of using TaxJar to run your business.
Pros
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support Service Team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only valid for USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies that have many sales channels and utilizes plenty of platforms. If this sounds like the way you do, then you must try TaxJar.
Not only will it aid in tracking your revenue and products however, it will help you meet the deadlines you set. It’s also an excellent option for accountants as they provide the Tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
Using TaxJar will help you reduce time and keep track of every deadline and obligation you have to meet. If you’re living in an area with complex tax laws, this can definitely help you get your mind around it. TaxJar Sales Development Representative
But if handling your taxes is straightforward and straightforward, then TaxJar may be an unnecessary expense. If you only have one or two sales channels, TaxJar won’t be needed to track everything. Moreover, if you’re finding the entire procedure easy to complete, you might be better in doing it all by yourself.
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FAQ TaxJar Sales Development Representative
Which areas does TaxJar offer API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it into USdollars prior to when TaxJar can calculate the tax.