Taxes have always been one of the hardest things to do regardless of whether you run a business or not. More so if you don’t have a background in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is full of things to be done. In the event that you do not have the budget to hire an accountant, doing it on your own can be dangerous. If you miss one detail and you don’t know it, you may have to do it all over again!
Nearly everyone would prefer to avoid this step. However, since it’s mandatory, we have no choice.
So what can we do about it?
We can simplify our lives by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and explain how it can help you. While this is a long read but you’ll be able to assess whether TaxJar is exactly what you need right now.
Do you prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, then let’s dive right in.
What is TaxJar TaxJar Smartcalc Api
In 2013, TaxJar was established. TaxJar is an application that automatizes your reports, filings, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it across all your sales channels to make sure you’re in compliance with your sales taxes. It makes the process simpler that could can take days to complete, and can be completed in a matter of minutes.
TaxJar has been used in different industries such as food and beverage businesses, 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 neat and simple. Let’s explore the benefits and features of TaxJar.
Services and features
One of the first things you’ll want to check is that your accounting tax platform perfectly integrates along with sales funnels. If you have multiple sales channels, you must keep everything in place. The final thing you would like is to face a penalty due to missing a single minor point.
TaxJar allows you to show your critical metrics in one spot. That way, there’s no requirement to collect information from multiple sources and organize it into a single platform. All you have to do is to integrate TaxJar and the platform will handle the rest.
Apart from that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms that they can connect with:
TaxJar allows clients to make sales tax filings manually or through their AutoFile feature. For our review we’ll dig at both.
If you choose to do it manually, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing tax returns for income, the team will instruct you on how to manage these. However, it will be up for you and your team members to complete everything on time. TaxJar will only help you understand what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out the forms in a manual manner. Through this feature, everything will be automated, from calculating sales tax through recording, and then processing them. However, there might be extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to ease 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 will have access to everything you need, such as an inventory of your transactions, reports, and data.
The greatest benefit of the feature you’ve chosen is it allows you to update your account automatically each day. They not only let you know how much you’ve collected however, they can also help you keep track of when the next payments are due.
Their dashboard can also allow users to view in detail the total sales tax for your business. You can also export the data in the form of a CSV file, if you want to use it to aid in financial planning and accounting processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps organize and keep the track of all your sales channels. It means you don’t need to search for your documents when you need them in a pinch. Even even if you already have an accountant, this feature can make them more efficient.
Furthermore, knowing the estimated amount for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll know exactly how much budget you have available for other operational expenses.
The best part is that TaxJar offers training and tutorials and tutorials, not just on their platform, but all things related to sales tax. Check out their webinars, guides, and blog for more information. Apart from that, their sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too costly for the business you run. That’s why for this section we’ll take a look at TaxJar’s pricing tiers and the features that each of these plans can offer. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. They say it’s the best plan for those who need assistance with filing requirements or reporting. It also includes taxes on sales and sales as well as 4 autofiles for free each year, and a CSV import. Even with the basic plan, you will be able to access their AI tax recommendations.
If you’re a smaller business proprietor, then this program 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 customer support via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking to get that is more than the basics Professional might be the right one for you. It’s priced at $99 but it can go higher if you add custom features.
How different is it from the original plan?
In addition to accessing all of the Starter plan’s options, you also have access to their phone customer support access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you own a huge company, you may need to opt for the Premium plan instead. It includes all of the features you need to help with your taxes. Moreover, they allow unlimited import integrations of data as well as API integrationsfor team users as well as AutoFiles.
There is also a team that is devoted in managing your accounts. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Smartcalc Api
However, they did mention that this plan is customized to each user. So the costs will vary in line with what you require for your company.
Luckily, you don’t have to bet your life on it to see if this platform is for you. If you’re still looking into various options, they provide a 30-day free trial. It should give you enough time to gauge if the platform is the right choice for you.
Pros and Pros and
After we’ve gone over everything you should know about TaxJar let’s take a breather. To summarize Here are the pros and cons of using TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides an online sales tax calculator.
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms.
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only applicable for USA customers
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid out, TaxJar is an excellent platform for companies that have multiple sales channels and uses plenty of platforms. If this sounds like the way you’re doing, then you must try TaxJar.
It’s not just a way to aid in tracking your revenue and products It can assist you in meeting your deadlines. It is also a great platform for an accountant since they offer a Tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
Using TaxJar can help you get more done while keeping on top of each deadline and obligation you have to fulfill. If you live in a region with a lot of tax laws, this will surely help you wrap your head around the subject. TaxJar Smartcalc Api
But if handling taxes is easy If it isn’t, then TaxJar could be a waste of investment. If you have only one or two channels for sales, TaxJar won’t be needed to track everything. If you find the whole process easy to do and you’re comfortable with it, you may be better in doing it all on your own.
FAQ TaxJar Smartcalc Api
What are the areas in which TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify into TaxJar?
Yes. You can connect your Shopify account with TaxJar to facilitate 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 another currency, you’ll need to convert it to USdollars before TaxJar determines your tax.