Taxes have always been among the hardest things to do, whether you’re running your own business or not. Particularly if you don’t have a background in accounting or finance. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford enough money to employ an accountant, doing it on your own can be dangerous. If you overlook one thing and you don’t know it, you may have to do it all over again!
Nearly everyone would prefer to skip this step. However, since it’s mandatory, we have no choice.
So , what can we do about it?
It is always possible to make our lives easier with tools such as TaxJar.
We’ll look at this popular life-saving tool and explain how it can assist you. Although this is quite a long read, you should be able to assess whether TaxJar is exactly what you need right now.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What exactly is TaxJar? TaxJar Test Api
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. In addition, you can apply it in all of the sales channels you use to make sure you’re in compliance with your sales taxes. It makes the process simpler that could take days to complete and is completed in just a few just a few minutes.
TaxJar has been utilized in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can this help you?
TaxJar is used extensively by online business owners to ensure that everything is simple and organized. Let’s look into their features and services.
Features and services
One of the first things you’ll want to check you have a tax accounting software is compatible with your sales channel. If you have multiple sales channels, you must keep everything in place. The final thing you would like is to get a penalty for missing a single minor point.
TaxJar allows you to display your critical metrics in one place. That way, there’s no need to gather information from multiple sources and organize it into a single platform. All you have to do is to integrate TaxJar, and the platform will do the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms that they can connect with:
TaxJar allows clients to submit their sales tax either manually or via the 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 your sales platforms. When it comes time to filing income tax returns, the team will instruct you on how to manage the tax returns. However, it will be up to you and your team members to complete the process on time. TaxJar is there to help you understand what you should do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to fill out any forms manually. Through this feature, everything is automated, from calculating taxes on sales through recording, and then processing them. But, it is possible to incur extra fees if you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting woes. Your orders from your e-commerce channels can be combined into a single dashboard via this platform. From there you and your staff can access everything you need, such as the list of transactions, reports, and the data.
The greatest benefit of this option is the fact that they allow you to automatically update every day. Not only will they let you know how much you’ve earned, but they also help you keep track of when the next 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 in CSV format. CSV file in case you require it for your accounting and financial planning processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. That means you won’t have to scramble for your documents when you need them in a pinch. Even if you already have your accountant, this function will make them more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will allow you to allocate your funds better. You’ll know better how much budget you have for other operational costs.
What’s more is that TaxJar offers training and tutorials not only for their platform but everything connected to sales tax. You can look through their guides, webinars, as well as their blog to find more information. Apart from that, their sales tax calculator should be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms offer superb features, but they can be too costly for the business you run. For this reason we’ll examine TaxJar’s pricing tiers and what each of these choices can provide you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the most effective plan for those who need assistance with filing requirements or reporting. It comes with sales tax reporting, 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small business proprietor, then this program could be ideal for you. It may not have all the features offered by TaxJar, but it has all the basics you require.
You can also contact their support team with their support chart for email. Additionally, you’ll have access to their integration features.
If you’re looking for a bit more than just the standard features, then the Professional plan could be the one for you. It starts at $99, but you can increase it if you add custom features.
What is the difference from the starter plan?
In addition to having access to all of the Starter plan’s features, you also have the support of their customer service via phone access to APIs, as well as sophisticated CSV import. They also allow you to receive 12 free AutoFiles every year.
If you have a massive enterprise, you may want to go for an upgrade instead. It comes with all the features that you require to help with your taxes. In addition, they offer unlimited integrations with data imports Integrations with APIs, teams of users as well as AutoFiles.
They also have a team dedicated in managing your accounts. But, they don’t divulge the price of the Premium plan. is going to cost. TaxJar Test Api
However, they did mention that this plan is tailor-fit for each user. Therefore, the cost will differ according to what you require for your company.
It’s a good thing that 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 various options, they provide 30 days of free trial. This should be enough time to gauge whether the software is an excellent fit for you.
Pros and Pros and
Now that we’ve covered all you must know about TaxJar let’s take a break. To sum it all up, here are the pros and cons of using TaxJar for your company.
- There is a Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides Taxes on sales online calculator
- Has support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- 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
- Certain countries will not have access to the API feature.
- Only valid for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything laid out TaxJar can be a great platform businesses with numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you’re doing, then ought to try this.
Not only will it aid in tracking the sales and profits of your business, but it can also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they offer a Tax Advisor program. You can find tips and gain knowledge from their workshops regarding taxes via it.
Using TaxJar will help you get more done while keeping track of every deadline and obligation you have to fulfill. If you’re in a place with complicated tax laws, this can certainly help you to get your head around the subject. TaxJar Test Api
If handling taxes is easy If it isn’t, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the entire procedure simple to follow and you’re comfortable with it, you may be better to do it by yourself.
FAQ TaxJar Test Api
What are the areas in which 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 into TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transactions are in USdollars. If you’re using a different currency, you will need to convert it to USUSD before TaxJar can calculate the tax.