Taxes are always one of the most difficult tasks to complete regardless of whether you’re running a 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 full of things to be done. If you don’t have the budget to engage an accountant performing the task on yourself can be risky. If you make a mistake it could mean you need to repeat the process!
Almost everyone wants to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
So what can we do ?
We can make our lives easier by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and how it can assist you. Even though this is lengthy it is possible to assess whether TaxJar is what you need right now.
Prefer video streaming instead? Check out 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, then let’s dive right in.
What is TaxJar? TaxJar Via Google Script
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it across all of your channels of sales to ensure compliance with sales taxes. It simplifies the processes that require days to complete and can be completed in a matter of only a few minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is neat and simple. Let’s explore the benefits and features of TaxJar.
Features and services
One of the first things you’ll need to ensure you have a tax accounting system is compatible along with sales funnels. If you’re using multiple sales channels, it is essential to ensure that everything is in order. The most important thing is not to get a penalty for missing a single minor point.
TaxJar lets you display your key metrics in one place. This means that there is no need to gather data from different channels and sort it into one platform. All you need to do is to integrate TaxJar it will take care of the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list of the platforms they are able to integrate with:
TaxJar allows customers to file their sales taxes either manually or via their AutoFile feature. In our review we’ll dig into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect your sales platforms. When the time is right for filing income tax returns TaxJar will train you on how to manage these. It is up to you and your team members to complete the process within the timeframe. TaxJar is there to provide guidance on what you should do , but not to handle it.
If you would prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. With this feature, everything will be automated, from calculating sales tax to recording and processing it. However, there might be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to ease your accounting issues. All orders made through your e-commerce channels can be combined into a single dashboard through this platform. From there you and your staff will have access to all the information you need, such as the list of transactions, reports, as well as the data.
The most appealing aspect of this option is the fact that it allows you to update automatically every day. Not only can they help you know how much you’ve collected however, they can also help you determine when your next payment is due.
The dashboard allows you to fully view the sales tax totals for your business. Additionally, you can export the information to CSV format. CSV file, if you want to use it to aid in accounting and financial planning processes or if you require 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 need them when you’re in a pinch. Even when you already have your accountant, this feature can make them more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your funds more effectively. You’ll be aware of the budget you have available for other operational costs.
The best part is that TaxJar offers tutorials and training, not just on their platform, but everything connected to sales tax. Check out their webinars, guides, as well as their blog to find more info. Apart from that the sales tax calculator can be beneficial when you’re planning to complete everything yourself.
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. For this reason we’ll examine TaxJar’s pricing structures and what each of those options can offer you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. The company claims that it’s the most effective plan if you need help with filing requirements and reporting. It comes with the tax on sales, 4 annual AutoFiles for free, as well as the option of a CSV import. Even with the starter plan, you can access their AI tax tips.
If you’re a small company owner, this plan could be ideal for you. It may not offer all of TaxJar’s features however, it does include the essentials that you need.
Additionally, you can contact their support team with their email support chart. You’ll also be able to use their integration features.
If you’re looking to get different from the standard features and options, then the Professional plan might be the right one for you. It starts at $99, however, it could go up by adding custom features.
How different is it from the starter plan?
In addition to having access to each of Starter plan’s features, you also get access to their support via phone 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 the Premium plan instead. It comes with all the features that you require to make your tax filing easier. Additionally, they permit unlimited data import integrations as well as Integrations with APIs, teams of users and AutoFiles.
They also have a staff that is devoted for managing the account. They don’t reveal the price of the Premium plan. costs you. TaxJar Via Google Script
However, they did say that this plan is tailor-fit for every user. So the costs will vary in line with what you require for your company.
It’s a good thing that you don’t have to gamble your money just to find out if the platform is right for you. If you’re still considering different options, they offer 30 days of free trial. It should give you enough time to see whether the service is an excellent fit for you.
Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar let’s take a breather. To sum it all up we’ll go over the pros and cons of using TaxJar to run your business.
- Has the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It can 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 have access to the API feature
- Only applicable for USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies with many sales channels and utilizes many platforms. If that’s what you’re doing, then you must try TaxJar.
Not only can it help you track the sales and profits of your business, but it can assist you in meeting your deadlines. It is also a great platform for an accountant since they offer tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
The use of TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to meet. If you’re living in an area with complex tax laws, this can surely help you wrap your head around the subject. TaxJar Via Google Script
However, if managing taxes is easy, then TaxJar could be a waste of investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you find the whole procedure easy to complete then you’re better to do it on your own.
FAQ TaxJar Via Google Script
What areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify into TaxJar?
Yes. You can link your Shopify account to TaxJar to facilitate monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transaction amounts are n US$. If you’re using a different currency, you will need to convert it into USUSD before TaxJar determines the tax.