Taxes have always been one of the most difficult things to handle, whether you’re running a business or not. Particularly if you don’t have a background in finance or accounting. Tax-related tasks aren’t easy, particularly when you’re full of things to be done. When you’re not able to afford the funds to employ an accountant, making it your own could be dangerous. If you overlook one thing and you don’t know it, you may have to redo things again!
Nearly everyone would prefer to avoid this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what can we do about it?
We can make life easier by using tools like TaxJar.
This article will take a look at this life-saving device and how it can benefit you. While this is a long read but you’ll be able to gauge whether TaxJar is what you need in the present.
Prefer to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
But for those who prefer to read, then let’s dive right in.
What is TaxJar TaxJar Volusion Integration
The company was founded in 2013 TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. It’s a solution for the entire life cycle. Additionally, you can use it across all of your sales channels to ensure that you are in compliance with sales tax requirements. It streamlines processes that can 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 businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is used extensively by business owners who run online businesses to ensure that everything is organized and straightforward. Let’s look into 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 have multiple sales channels, you must keep everything in place. The most important thing is not to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your critical metrics in one spot. That way, there’s no requirement to collect information from multiple sources and sort it into one platform. All you have to do is to integrate TaxJar, it will handle the rest.
In addition, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms they can integrate with:
TaxJar allows customers to submit their sales tax by hand or using TaxJar’s AutoFile feature. In this review, we’ll dig into both.
If you choose to go it alone, TaxJar will allow you to connect the sales channels you use. When the time is right for the filing of income tax returns, the team will instruct you on managing these. It is up to you and your team members to finish the tax returns in time. TaxJar is only there to provide guidance on what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit the forms in a manual manner. With this feature, everything is automated, from calculating sales tax in order to record and process it. There could be extra fees if not part of the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to help you with your accounting woes. The orders you place through your online channels can be compiled into a single dashboard via this platform. Once you’re on the platform you and your team will have access to all the information you require, including an inventory of your transactions, reports, as well as information.
The best part about this feature is that it lets you to automatically update every day. Not only will they let you know how much you’ve collected however, they can also help you keep track of when the next payment is due.
The dashboard allows you to fully view the overall sales taxes for your business. You can also export your data to the form of a CSV file if you need it to aid in accounting and financial planning processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping the track of all your sales channels. That means you won’t have to scramble for your documents whenever you’re when you’re in a pinch. Even when you already have your accounting firm, the feature will aid them in being more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds better. You’ll be aware of the budget you have available for other operating costs.
What’s more is that TaxJar provides training and tutorials, not just for their platform , but also all things related to sales tax. Check out their webinars, guides and blog for more info. Apart from that their sales tax calculator can be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll take a look at TaxJar’s pricing structures and what each of these options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan costs $19. They say it’s the most effective plan if you need help in filing and reporting. It also includes sales tax reporting, four autofiles for free each year, and an CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale company manager, the plan could be ideal for you. It might not include all of TaxJar’s features however, it does include all the basics you require.
You can also contact the support team via their email support chart. Additionally, you’ll have access to their integration features.
If you’re looking for different from the standard features, then the Professional plan might be the right one for you. It’s priced at $99 but it can go higher if you add custom features.
What is the difference from the original plan?
Apart from having access to all of the Starter plan’s features, you also have the support of their customer service via phone, API access, and sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you own a huge business, you might need to go for an upgrade instead. It comes with all the features you need to help with your taxes. Moreover, they allow unlimited import integrations of data API integrationsfor team users as well as AutoFiles.
There is also a team dedicated in managing your accounts. But, they don’t divulge how much the Premium plan will cost you. TaxJar Volusion Integration
But they did state that the plan is custom-made to each user. So the costs will vary depending on what you need for your business.
It’s a good thing that you don’t have to risk your money to determine if this service is the right one for you. If you’re still considering other options, they have a 30-day free trial. It should give you enough time to gauge whether the service is an excellent fit for you.
Pros and Pros and
We’ve covered everything you should know about TaxJar let’s take a break. In order to sum up the whole thing, here are the pros and cons of the use of TaxJar to run your business.
- Does the plan include a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides an online sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- Allows you to track multiple 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 valid for USA customers
- Needs accountants and owners to check local legislation
The Final Verdict
With everything clearly laid down, TaxJar can be a great platform companies that have numerous sales channels, and that utilizes plenty of platforms. If this sounds like the way you’re doing, then must try TaxJar.
Not only will it assist you in keeping track of your products and revenue however, it will help you meet the deadlines you set. This is also an excellent platform for an accountant since they provide tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
Utilizing TaxJar will help you save more time while keeping the track of each deadline and requirement you have to fulfill. If you’re in an area with complex tax regulations, this will surely help you wrap your head around it. TaxJar Volusion Integration
If handling taxes is easy If it isn’t, then TaxJar may be an unnecessary expense. If you only have one or two channels of sales, TaxJar won’t be needed to track all of it. Moreover, if you find the entire process easy to do then you’re better to do it by yourself.
FAQ TaxJar Volusion Integration
What are the areas in which TaxJar provide API support?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify with TaxJar?
Yes. You can sync 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 transactions’ amounts are in USdollars. If you’re using another currency, you will need to convert it into US$ prior to when TaxJar can calculate the tax.