Taxes have always been one of the hardest things to do regardless of whether you’re running an enterprise or not. Even more so if you do not have a degree in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have the budget to engage an accountant doing it on your own can be risky. If you make a mistake and you don’t know it, you may have to do it all over again!
Almost everyone wants to skip this step. However, since it’s mandatory, we have no choice.
So what can we do ?
We can always make our lives easier with tools such as TaxJar.
We’ll look at this well-known life-saving device and how it can benefit you. While this is an extensive read, you should be able to assess whether TaxJar is the tool you require today.
Do you prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, then we’ll dive right into.
What is TaxJar TaxJar Tax Filing Salary
The company was founded in 2013 TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. In addition, you can apply it across all the sales channels you use to make sure you’re in compliance with sales taxes. It makes the process simpler that could can take days to complete, and can be completed in a matter of only a few minutes.
TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by online business owners to make their business more simple and organized. Let’s look into their features and services.
Services and features
One of the first things you’ll need to make sure is that your accounting tax platform perfectly integrates in conjunction with the sales channels you use. If you’re selling through multiple channels, it is essential to keep everything in place. The most important thing is not to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one spot. This means that there is no need to collect data from different channels and sort it into a single platform. All you have to do is to integrate TaxJar, then the system will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms they are able to integrate with:
TaxJar lets customers submit their sales tax either manually or via TaxJar’s AutoFile feature. In the purpose of this article, we’ll dig into both.
If you decide to manually file your tax returns, TaxJar will allow you to connect all your sales platforms. When the time is right for filing income tax returns, the team will instruct you on how to manage the tax returns. It is up to you and your team members to complete the process within the timeframe. TaxJar is only there to guide you on what you have to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit the forms in a manual manner. Through this feature, everything is automated, from calculating sales tax to recording and processing them. There could be extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. From there, you and your team will have access to everything you require, including the list of transactions, reports, and information.
The best part about this option is the fact that they allow you to update automatically every day. Not only can they help to know the amount you’ve collected however, they can also help you determine when your next payment is due.
Their dashboard can also allow users to view in detail the total sales tax for your business. Additionally, you can export the information as the form of a CSV file if you need it to aid in process of financial planning and accounting or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. This means that you don’t have to hunt for your paperwork when you’re in a pinch. Even if you already have your accounting firm, the feature will make them more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance can help you allocate your money more efficiently. You’ll be aware of the budget you have available for other operating costs.
But what’s even better is that TaxJar offers training and tutorials not only for their platform but everything related to sales tax. You can look through their webinars, guides, or blog posts for additional info. Additionally their sales tax calculator can be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb capabilities, but they’re often too expensive for businesses. This is why in this section we’ll take a look at TaxJar’s pricing tiers and what each of these plans can offer. At present, TaxJar offers three plans including Professional, Starter and Premium.
The 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 also includes the tax on sales, four annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small company manager, the plan will be ideal for you. It may not have all the features offered by TaxJar, but it has all the basics you require.
In addition, you can reach their customer support via their email support chart. You’ll also have access to their integration features.
If you’re looking to get that is more than the basics and options, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher if you add custom features.
What is the difference from the basic plan?
In addition to accessing all of the Starter plan’s features, you also get access to the support of their customer service via phone, API access, and advanced CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge company, you may need to choose an upgrade instead. It includes all of the features you need to make your tax filing easier. Moreover, they allow unlimited import integrations of data as well as API integrations, team users as well as AutoFiles.
They also have a team that is devoted to managing your account. But, they don’t divulge the amount that the Premium plan is going to cost. TaxJar Tax Filing Salary
However, they did mention that the plan is custom-made for every user. So the costs will vary depending on what you need for your company.
Luckily, you don’t have to risk your money to find out if the platform is the right one for you. If you’re still looking into other options, they have a 30-day free trial. This should be enough time to see if the platform is the right choice for you.
Pros and Pros and
Now that we’ve covered all you must know about TaxJar let’s take a breather. In order to sum up the whole thing, here are the advantages and disadvantages of using TaxJar for your business.
- Has the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Support Service Team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- You can track several sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature
- Only applicable to USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out TaxJar can be a great platform companies with multiple sales channels and uses many platforms. If that sounds like what you do, then you ought to try this.
It’s not just a way to help you track the sales and profits of your business, but it can also help you meet your deadlines. This is also an excellent platform for an accountant since they offer tax Advisor program. You can find tips and learn from their sessions on taxes by using it.
Using TaxJar can allow you to reduce time and keep on top of each deadline or requirement you need to fulfill. If you live in a region with a lot of tax laws, this can certainly help you to get your mind around it. TaxJar Tax Filing Salary
If handling your taxes is straightforward If it isn’t, then TaxJar could be a waste of expense. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure easy to complete then you’re better to do it by yourself.
FAQ TaxJar Tax Filing Salary
What are the areas in which TaxJar offer API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All of the transaction amounts are n USdollars. If you’re using another currency, you will need to convert it into USdollars prior to when TaxJar determines your tax.