Taxes have always been among the most difficult tasks to complete regardless of whether you run your own business or not. More so if you don’t have any experience in accounting or finance. Tax-related work can be overwhelming, particularly when you’re filled with tasks to complete. In the event that you do not have the budget to engage an accountant performing the task on your own could be risky. If you make a mistake it could mean you have to redo things again!
Most people want to skip this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what can we do ?
We can simplify our lives with tools such as TaxJar.
This article will take a look at this popular life-saving tool and how it can benefit you. Although this is quite a long read but you’ll be able to determine if TaxJar is the tool you require today.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, let’s get right into it.
What exactly is TaxJar? TaxJar Support Number
The company was founded in 2013 TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. Additionally, you can use it in all of your channels of sales to ensure that you are in compliance with sales taxes. It streamlines processes that can take days to complete, and finish within only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is widely used by online business owners to make their business more neat and simple. Let’s explore the features and services offered by TaxJar.
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Features and services
Integration
One of the most important things you’ll need to make sure is that your accounting tax platform is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, you must ensure that everything is in order. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to show your critical metrics in one place. That way, there’s no need to collect data from different channels and then organize it on one platform. All you have to do is to integrate TaxJar, and the platform will handle the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:
Filing
TaxJar allows clients to file their sales taxes manually or through their AutoFile feature. For our review we’ll take a look into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. When it comes time to filing tax returns for income, the team will instruct you on how to handle the tax returns. It is up to you and your staff to finish the tax returns within the timeframe. TaxJar is only there to help you understand what you should do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out any forms manually. This feature will ensure that everything is automated, from calculating taxes on sales to recording and processing them. But, it is possible to incur extra fees if you do not include this feature in the plan you select.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to ease your accounting problems. All orders made through your e-commerce channels can be put together into one dashboard using this platform. From there, you and your team will have access to all the information you need, like a list of your transactions, reports and the data.
The best part about this feature is that it allows you to update your account automatically each day. Not only can they help to know the amount you’ve earned and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard also allows users to view in detail the sales tax totals within your company. You can also export the information to the form of a CSV file, if you want to use it to aid in accounting and financial planning processes or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of the sales avenues you use. That means you won’t have to scramble for your documents when you need them in a pinch. Even when you already have your accountant, this function can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your money more efficiently. You’ll know better how much budget you have for other operating costs.
But what’s even better is that TaxJar provides training and tutorials not only for their platform but all things that has to do with sales tax. Check out their guides, webinars, as well as their blog to find more info. Additionally, their sales tax calculator is 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 set your budget. Some platforms offer superb features, but they can be too costly for the business you run. That’s why for this section we’ll examine TaxJar’s pricing tiers and what each of those choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan costs $19. They say it’s the most effective plan for those who need assistance in filing and reporting. It includes sales tax reporting, four free yearly AutoFiles, and a CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small-scale business proprietor, then this program will be perfect for you. It may not have all the features of TaxJar but it comes with the basic features you require.
In addition, you can reach their support team with their support chart for email. Additionally, you’ll have access to their integration tools.
Professional
If you’re looking to get different from the basic features and options, then the Professional plan may be the best option for you. It starts at $99, however, it could go up when you add additional features.
How different is it from the original plan?
In addition to accessing every one of Starter plan’s features, you also get access to their phone customer support Access to APIs, phone support, and advanced CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you own a huge business, you might need to choose an upgrade instead. It includes all of the features needed to aid in your tax preparation. In addition, they offer unlimited import integrations of data API integrations, team members, and AutoFiles.
There is also a team dedicated to managing your account. But, they don’t divulge the amount that the Premium plan will cost you. TaxJar Support Number
However, they did mention that this plan is tailor-fit to each user. The cost of the plan will be different in line with what you require for your business.
Free Trial
Fortunately, you don’t need to bet your life on it to find out if the platform 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 whether the software is an excellent fit for you.
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Pros and Cons
After we’ve gone over everything you should know about TaxJar let’s take a break. To summarize Here are the pros and cons of making use of TaxJar for your business.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features can help you to reduce 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
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to businesses with many sales channels and utilizes many platforms. If this sounds like the way you’re doing, then ought to try this.
Not only will it help you track your products and revenue, but it can help you meet the deadlines you set. It is also a great platform for an accountant since they have tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
Using TaxJar can help you reduce time and keep on top of each deadline and obligation you have to fulfill. If you’re in a place with complicated tax laws, this can definitely help you get your head around it. TaxJar Support Number
But if handling your taxes is simple and straightforward, then TaxJar could be a waste of expense. If you have only one or two channels of sales, TaxJar won’t be needed to track everything. If you find the whole process easy to do, you might be better off doing it by yourself.
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FAQ TaxJar Support Number
Which areas does TaxJar offer API support?
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 together with TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transactions are in USdollars. If you’re using a different currency, you’ll need to convert it into USdollars prior to when TaxJar determines your tax.
