Taxes have always been one of the most difficult tasks to complete regardless of whether you run a business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related work aren’t easy, particularly when you’re packed with things to do. When you’re not able to afford the budget to engage an accountant doing it on your own could be risky. If you miss one detail it could mean you have to do it all over again!
Nearly everyone would prefer to skip this step. However, since it’s mandatory to be done, we can’t choose not to.
What can we do ?
It is always possible to make life easier by using tools like TaxJar.
We’ll look at this life-saving device and how it can assist you. Even though this is lengthy, you should be able to determine if TaxJar is exactly what you need right now.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
For those who like to read, let’s dive right in.
What exactly is TaxJar? TaxJar Single Article Tax
The company was founded in 2013 TaxJar is an application that automatizes your filings, reports, and sales tax calculation. It is a solution for your entire sales tax life cycle. Furthermore, you can utilize it across all the sales channels you use to ensure that you are in compliance with your sales taxes. It makes the process simpler that could can take days to complete, and finish within only a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to keep everything simple and organized. Let’s look into the benefits and features of TaxJar.
Features and services
One of the most important things you’ll need to ensure you have a tax accounting platform is compatible along with sales funnels. If you have multiple sales channels, you need to maintain everything in line. The most important thing is not to be penalized for not paying attention to a minor thing.
TaxJar lets you display your most important metrics in one place. So, there’s no need to collect data in multiple channels and then organize it on one platform. All you have to do is integrate TaxJar, it will do the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar lets customers make sales tax filings manually or through TaxJar’s AutoFile feature. For our review we’ll look at both.
If you decide to go it alone, TaxJar will allow you to connect all your sales platforms. When the time is right for filing income tax returns The team will guide you on how to manage the tax returns. However, it will be up for you and your staff to complete everything on time. TaxJar is there to guide you on what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. With this feature, everything will be automated from calculating sales tax to recording and processing them. However, there might be additional charges if they are not part of the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting problems. The orders you place through your online channels can be combined into a single dashboard through this platform. Once you’re on the platform, you and your team can access everything you need, like a list of your transactions, reports, and information.
The best part about the feature you’ve chosen is it allows you to update your account automatically each day. They not only let you keep track of how much you’ve accumulated, but they also help you determine when your next payments are due.
Their dashboard also allows users to view in detail the sales tax totals within your company. It is also possible to export the information as CSV format. CSV file in case you require it for your accounting and financial planning processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all the sales avenues you use. It means you don’t need to hunt for your paperwork whenever you’re when you’re in a pinch. Even when you already have your accountant, this feature will aid them in being more efficient.
Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your money more efficiently. You’ll know better how much budget you have for other operating expenses.
But what’s even better is that TaxJar offers training and tutorials, not just for their platform but for anything related to sales tax. You can look through their webinars, guides and blog for more details. In addition 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 set your budget. Some platforms offer superb features, but they’re sometimes 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. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan is priced at $19. The company claims that it’s the most effective plan if you need help with filing requirements and reporting. It comes with the tax on sales, four annual AutoFiles for free, as well as an CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a smaller business manager, the plan could be ideal for you. It may not offer all of TaxJar’s features, but it has the basic features you require.
You can also contact their support team with their support chart for email. Additionally, you’ll have access to their integration capabilities.
If you’re looking for something that is more than the standard features, then the Professional plan could be the one for you. It’s priced at $99 but you can increase it when you add additional features.
So how different is it from the original plan?
In addition to accessing every one of Starter plan’s options, you also have access to their phone customer support, API access, and sophisticated CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you run a large company, you may need to go for the Premium plan instead. It has all of the features needed to aid in your tax preparation. Additionally, they permit unlimited import integrations of data API integrationsfor team users and AutoFiles.
They also have a team dedicated to managing your account. They don’t reveal how much the Premium plan will cost you. TaxJar Single Article Tax
However, they did say that this plan is customized for each user. The cost of the plan will be different according to what you require for your company.
Fortunately, you don’t need to risk your money to find out if the platform is right for you. If you’re still considering various options, they provide a 30-day free trial. This should give you enough time to see if the platform is the right choice for you.
Pros and Pros and
We’ve covered everything you must be aware of TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over the pros and cons of the use of TaxJar to run your business.
- Has a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers an online sales tax calculator.
- Support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms
- You can track several sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to USA customers.
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly 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 should try this.
Not only can it assist you in keeping track of your revenue and products however, it will help you meet your deadlines. It’s also an excellent opportunity for accountants since they offer a Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
The use of TaxJar can allow you to reduce time and keep the track of each deadline or requirement you need to fulfill. If you live in a region with a lot of tax laws, this can definitely help you get your head around the subject. TaxJar Single Article Tax
If handling taxes is easy, then TaxJar could be a waste of expense. If you have only one or two channels for sales, TaxJar won’t be needed to track all of it. In addition, if you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it on your own.
FAQ TaxJar Single Article Tax
Which areas does TaxJar offer API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions’ amounts are in USdollars. If you’re using a different currency, you’ll need to convert it to US$ prior to when TaxJar can calculate your tax.