Taxes have always been among the most difficult tasks to complete regardless of whether you’re running an enterprise or not. More so if you don’t have a background in finance or accounting. Tax-related tasks aren’t easy, particularly when you’re filled with tasks to complete. If you don’t have the budget to engage an accountant performing the task on your own could be dangerous. If you make a mistake it could mean you have to redo things again!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement, we have no choice.
What can we do ?
We can simplify our lives by using tools like TaxJar.
This article will take a look at this well-known life-saving tool and how it can assist you. Even though this is a long read it is possible to assess whether TaxJar is exactly what you need today.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
For those who like to read, let’s get right into it.
What is TaxJar TaxJar Subscription Price
The company was founded in 2013 TaxJar is an application that automatizes your reporting, filings and sales tax calculations. TaxJar is a solution to the entire life cycle. Furthermore, you can utilize it in all of your channels of sales to ensure compliance with sales tax requirements. It makes the process simpler that could can take days to complete, and is completed in just a few only a few minutes.
TaxJar is used in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is extensively used by online business owners to keep everything simple and organized. Let’s look into the features and services offered by TaxJar.
Services and features
One of the first things you’ll need to ensure is that your accounting tax software seamlessly works well in conjunction with the sales channels you use. If you’re selling through multiple channels, you must keep everything in place. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar lets you display your key metrics in one spot. That way, there’s no need to collect data in multiple channels and sort it into one platform. All you need to do is to integrate TaxJar and the platform will do the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows customers to file their sales taxes by hand or using the AutoFile feature. In the purpose of this article, we’ll dig into both.
If you decide to go it alone, TaxJar will allow you to connect all those sales tools. When it comes time to filing income tax returns The team will guide you on how to manage them. However, it will be up for you and your staff to complete the process on time. TaxJar is there to help you understand what you need 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 in order to record and process it. But, it is possible to incur additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting woes. The orders you place through your online channels can be combined into a single dashboard through this platform. From there you and your staff will have access to everything you need, like a list of your transactions, reports, and data.
The best part about this feature is that they allow you to update automatically every day. They not only let you keep track of how much you’ve earned, but they also help you determine when your next payment is due.
The dashboard allows you to see the total sales tax within your company. It is also possible to export the data as CSV format. CSV file in case you require it for your financial planning and accounting processes or if your team requires it to run centralized reports.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. This means that you don’t have to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accountant, this feature will help them be more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will help you plan your money more efficiently. You’ll know exactly how much budget you have available for other operating costs.
The best part is that TaxJar offers training and tutorials and tutorials, not just on their platform, but all things connected to sales tax. Check out their webinars, guides, or blog posts for additional information. Apart from that, their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Certain platforms have amazing capabilities, but they’re often too expensive for businesses. This is why in this section we’ll examine TaxJar’s pricing tiers and what each of these plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan costs $19. They claim that it’s the best plan if you need help with filing requirements and reporting. It comes with sales tax reporting, 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you can access their AI tax advice.
If you’re a small-scale company proprietor, then this program should be ideal for you. It may not have all of TaxJar’s features but it comes with all the basics you require.
You can also contact their customer support via their support chart for email. You’ll also be able to use their integration features.
If you’re looking to get a bit more than just the basics, then the Professional plan could be the one for you. It starts at $99, however, it could go up by adding custom features.
What is the difference from the basic plan?
Apart from having access to all of the Starter plan’s features, you also get access to their phone customer support access to APIs, as well as the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you run a large company, you may need to choose an upgrade instead. It comes with all the features needed to help with your taxes. Additionally, they permit unlimited data import integrations Integrations with APIs, teams of users as well as AutoFiles.
They also have a staff who are devoted in managing your accounts. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Subscription Price
However, they did mention that this plan is tailor-fit for every user. Therefore, the cost will differ in line with what you require for your business.
Fortunately, you don’t need to risk your money to determine if this service is the right one for you. If you’re still considering various options, they provide 30 days of free trial. This should be enough time to determine if the platform is a good fit for you.
Pros and Cons
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over the advantages and disadvantages of using TaxJar for 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.
- Allows you to track multiple sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only valid for USA customers
- Owners and accountants should recheck local legislations
The Final Verdict
With everything laid out, TaxJar can be a great platform companies that have multiple sales channels and uses numerous platforms. If that sounds like what you do, then you ought to try this.
Not only will it help you track the sales and profits of your business, but it can help you meet your deadlines. It’s also an excellent option for accountants as they have a Tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
Using TaxJar will help you save more time while keeping track of every deadline and requirement you have to fulfill. If you live in an area with complex tax laws, this can definitely help you get your head around the subject. TaxJar Subscription Price
However, if managing taxes is easy, then TaxJar may be an unnecessary investment. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole procedure easy to complete and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar Subscription Price
Which areas does TaxJar offer API assistance?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Can I connect Shopify 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 doesn’t convert currency values. All transactions’ amounts are in USdollars. If you’re using a different currency, you’ll have to convert it to US$ before TaxJar can calculate the tax.