Taxes have always been among the most difficult tasks to complete, whether you’re running a business or not. More so if you don’t have any experience in accounting or finance. Tax-related tasks aren’t easy, particularly when you’re filled with tasks to complete. When you’re not able to afford the funds to employ an accountant, making it your own can be dangerous. If you make a mistake and you don’t know it, you may need to repeat the process!
Most people want to skipping this step. However, since it’s mandatory, we have no choice.
So , what is the best way to deal with it?
We can make our lives easier by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can assist you. While this is an extensive read it is possible to assess whether TaxJar is what you need today.
Do you prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
For those who like to read, let’s dive right in.
What is TaxJar? TaxJar Specialist Salary
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it in all of your channels of sales to ensure that you are in compliance with sales taxes. It streamlines processes that require days to complete and can be completed in a matter of only a few minutes.
TaxJar is used in a variety of industries, including food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by business owners who run online businesses to ensure that everything is neat and simple. Let’s explore the benefits and features of TaxJar.
Services and features
One of the most important things you’ll want to check is your tax-reporting system seamlessly works well along with sales funnels. If you have multiple sales channels, you need to keep everything in place. The final thing you would like is to be penalized for not paying attention to a minor thing.
TaxJar allows you to display your critical data in one location. So, there’s no need to gather information from multiple sources and then organize it on one platform. All you need to do is connect TaxJar it will take care of the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list of the platforms they are able to integrate with:
TaxJar allows clients to file their sales taxes either manually or via their AutoFile feature. In our review we’ll dig into both.
If you decide to do it manually, TaxJar will allow you to connect all the sales channels you use. When the time is right for filing tax returns for income TaxJar will train you on how to handle them. However, it will be up to you and your staff to finish the tax returns within the timeframe. TaxJar is only there to help you understand what you have to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. Through this feature, everything is automated, from calculating taxes on sales to recording and processing them. But, it is possible to incur extra fees if not included in the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to ease your accounting woes. The orders you place through your online channels can be compiled into one dashboard using this platform. From there you and your staff will have access to everything you need, such as an inventory of your transactions, reports, and the data.
The greatest benefit of the feature you’ve chosen is they allow you to automatically update every day. They not only let to know the amount you’ve earned however, they can also help you track when your following payments are due.
Their dashboard also allows users to view in detail the total sales tax in your business. Additionally, you can export the information in a CSV file if you need it in your financial planning and accounting processes or if your team needs it to run centralized reports.
Training and Streamlining
TaxJar helps you organize and keep on top of all the sales avenues you use. This means that you don’t have to search for your documents when you need them when you’re in a pinch. Even even if you already have an accounting firm, the feature can help them be more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will help you plan your funds more effectively. You’ll be aware of the budget you have available for other operational costs.
But what’s even better is that TaxJar provides training and tutorials not only for their platform but everything connected to sales tax. You can check out their webinars, guides, as well as their blog to find more info. Apart from that the sales tax calculator is helpful if you’re planning on take on the entire task yourself.
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 costly for your business. This is why in this section we’ll examine TaxJar’s pricing structures and what each of those choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan starts at $19. The company claims that it’s the best plan to help you with filing requirements or reporting. It also includes taxes on sales and sales as well as 4 free yearly AutoFiles, and an CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a smaller business owner, this plan could be ideal for you. It may not offer all the features of TaxJar however, it does include the basic features you require.
In addition, you can reach the support team via their support chart for email. You’ll also be able to use their integration features.
If you’re looking to get different from the basic features Professional could be the one for you. The price starts at $99 but you can increase it if you add custom features.
How different is it from the basic plan?
In addition to having access to all of the Starter plan’s features, you also have their support via phone Access to APIs, phone support, and sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you own a huge enterprise, you may want to choose premium plans instead. It has all of the features that you require to make your tax filing easier. Additionally, they permit unlimited data import integrations, Integrations with APIs, teams of users as well as AutoFiles.
There is also a team dedicated to managing your account. However, they don’t disclose the price of the Premium plan. is going to cost. TaxJar Specialist Salary
But they did state that this plan is tailor-fit to each user. So the costs will vary in line with what you require to run your business.
Luckily, you don’t have to bet your life on it to find out if the platform is right for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should be enough time to gauge whether the service is the right choice for you.
Pros and Cons
We’ve covered everything you must know about TaxJar Let’s relax. To summarize Here are the advantages and disadvantages of the use of TaxJar to run your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It is able to be integrated 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 have access to the API feature.
- Only valid for USA customers
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid out TaxJar can be a great platform businesses with many sales channels and utilizes numerous platforms. If that sounds like what you do, then you must try TaxJar.
Not only will it aid in tracking the sales and profits of your business It can also help you meet the deadlines you set. It is also a great option for accountants as they provide tax Advisor program. You can find tips and get knowledge from their seminars regarding taxes via it.
Utilizing TaxJar can allow you to get more done while keeping the track of each deadline and obligation you have to meet. If you’re living in a place with complicated tax laws, this can definitely help you get your head around the subject. TaxJar Specialist Salary
But if handling taxes is easy and straightforward, then TaxJar may be an unnecessary investment. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. If you find the entire procedure simple to follow, you might be better to do it by yourself.
FAQ TaxJar Specialist Salary
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All of the transaction amounts are n US$. If you’re using another currency, you’ll need to convert it into US$ prior to when TaxJar can calculate your tax.