Taxes are always one of the most difficult things to handle regardless of whether you run your own business or not. More so if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is packed with things to do. If you don’t have the funds to engage an accountant performing the task on your own could be risky. If you overlook one thing and you don’t know it, you may have to redo things again!
Most people want to skipping this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do about it?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can help you. While this is an extensive read but you’ll be able to gauge whether TaxJar is the tool you require in the present.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
If you prefer to read, let’s get right into it.
What is TaxJar TaxJar Support Phone Number
The company was founded in 2013 TaxJar is an application that automatizes your reporting, filings and sales tax calculations. It is a solution for the entire life cycle. Additionally, you can use it in all of your channels of sales to ensure compliance with your sales taxes. It makes the process simpler that could take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by business owners who run online businesses to keep everything organized and straightforward. Let’s look into the features and services offered by TaxJar.
Services and features
One of the first things you’ll need to make sure you have a tax accounting software is compatible in conjunction with the sales channels you use. If you’re selling through multiple channels, you need to ensure that everything is in order. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one place. This means that there is no need to collect information from multiple sources and organize it into one platform. All you have to do is connect TaxJar and the platform will do the rest.
Apart from that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of the platforms that they can connect with:
TaxJar allows customers to make sales tax filings manually or through the AutoFile feature. For the purpose of this article, we’ll take a look at both.
If you decide to do it manually, TaxJar will allow you to connect all of the sales channels you use. When the time is right for filing income tax returns TaxJar will train you on how to manage them. However, it will be up for you and your staff to finish the tax returns on time. TaxJar is there to guide you on what you need to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out all forms by hand. Through this feature, everything will be automated from calculating taxes on sales to recording and processing it. There could be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to help you with your accounting problems. Your orders from your e-commerce channels can be compiled into one dashboard using this platform. Once you’re on the platform you and your staff will have access to everything you require, including an inventory of your transactions, reports and information.
The most appealing aspect of this feature is that it allows you to automatically update every day. Not only will they let you keep track of how much you’ve accumulated, 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 in the form of a CSV file, if you want to use it in your financial planning and accounting processes or if you require it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping the track of all your sales channels. It means you don’t need to scramble for your documents when you need them in the event of a need. Even if you already have your accountant, this function can aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance will allow you to allocate your funds better. You’ll know better how much budget you have to cover other operational costs.
What’s more is that TaxJar offers training and tutorials and tutorials, not just for their platform but for anything connected to sales tax. You can check out their webinars, guides, or blog posts for additional details. Apart from that their sales tax calculator is helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb 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 those plans can offer. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. The company claims that it’s the best plan for those who need assistance with filing requirements or reporting. It includes sales tax reporting, four annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale business owner, this plan could be ideal for you. It may not offer all the features offered by TaxJar but it comes with all the basics you require.
Additionally, you can contact their support team with their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking for that is more than the basic features, then the Professional plan might be the right one for you. It’s priced at $99 but you can increase it when you add additional features.
What is the difference from the basic plan?
Apart from having access to every one of Starter plan’s features, you also have 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 business, you might need to opt for premium plans instead. It comes with all the features that you require to make your tax filing easier. Moreover, they allow unlimited integrations with data imports, API integrations, team members and AutoFiles.
They also have a team dedicated to managing your account. However, they don’t disclose the amount that the Premium plan will cost you. TaxJar Support Phone Number
But they did state that this plan is tailor-fit to each user. Therefore, the cost will differ depending on what you need for your company.
Luckily, you don’t have to gamble your money just to find out if the platform is right for you. If you’re still looking into various options, they provide a 30-day free trial. It should give you enough time to determine whether the service is a good fit for you.
Pros and Cons
Now that we’ve covered all you need to know about TaxJar Let’s relax. To sum it all up Here are the pros and cons of using TaxJar for your business.
- There is the 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 simple to navigate
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only valid 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 many sales channels and utilizes many platforms. If that’s what you do, then you should try this.
Not only will it help you track your products and revenue It can help you meet your deadlines. It’s also an excellent opportunity for accountants since they provide tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.
Utilizing TaxJar can help you save more time while keeping track of every deadline and obligation you have to fulfill. If you’re living in a region with a lot of tax laws, this can definitely help you get your head around the subject. TaxJar Support Phone Number
But if handling your taxes is straightforward, then TaxJar might not be a good expense. If you only have one or two sales channels, TaxJar won’t be needed to track everything. Moreover, if you find the whole procedure simple to follow, you might be better off doing it on your own.
FAQ TaxJar Support Phone Number
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as 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 to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it into US$ prior to when TaxJar can calculate your tax.