Taxes have always been among the most difficult tasks to complete regardless of whether you’re running an enterprise or not. Particularly if you don’t have a degree in accounting or finance. Tax-related tasks can be overwhelming, especially when you’re filled with tasks to complete. If you don’t have enough money to engage an accountant making it your own could be dangerous. If you miss one detail, you might have to do it all over again!
Almost everyone wants to skipping this step. But since it’s required, we have no choice.
What can we do about it?
We can always simplify our lives by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and how it can help you. Even though this is a long read but you’ll be able to assess whether TaxJar is exactly what you need right now.
Prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
If you prefer to read, then let’s dive right in.
What exactly is TaxJar? TaxJar Vs Avalara Comparison
Founded in 2013, TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it in all of the sales channels you use to ensure that you are in compliance with sales taxes. It streamlines processes that take days to complete and can be completed in a matter of minutes.
TaxJar is used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by online business owners to ensure that everything is neat and simple. Let’s explore the features and services offered by TaxJar.
Features and services
One of the most important things you’ll want to check is your tax-reporting system seamlessly works well with your sales channel. If you’re selling through multiple channels, you need to keep everything in place. The last thing you want is to get a penalty for overlooking just one minor detail.
TaxJar allows you to show your key metrics in one place. That way, there’s no need to gather data in multiple channels and organize it into one platform. All you need to do is integrate TaxJar it will take care of the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows customers to file their sales taxes manually or through their AutoFile feature. For this review, we’ll take a look at both.
If you choose to go it alone, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing tax returns for income The team will guide you on how to manage the tax returns. But, it is up to you and your staff to finish the tax returns on time. TaxJar is only there to guide you on what you need to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. This feature will ensure that everything will be automated, from calculating sales tax in order to record and process them. But, it is possible to incur additional costs if the feature is not included in the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting woes. Your orders from 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, like the list of transactions, reports and the data.
The most appealing aspect 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 and how much you’ve earned, but they also let you determine when your next payment is due.
Their dashboard also allows you to see the sales tax totals for your business. Additionally, you can export the information as the form of a CSV file if you need it for your financial planning and accounting processes or if you require it for central reporting.
Training and Streamlining
TaxJar assists in organizing and keeping track of all of your sales channels. This means that you don’t have to hunt for your paperwork when you need them in a pinch. Even if you already have your accountant, this feature can help them be more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have for other operating expenses.
The best part is that TaxJar offers tutorials and training and tutorials, not just for their platform , but also everything that has to do with sales tax. You can check out their webinars, guides as well as their blog to find more information. In addition, their sales tax calculator can be useful if you’re planning to do everything on your own.
How much does TaxJar cost?
We are aware of how important it is to establish your budget. Some platforms offer superb features, but they can be too costly for the business you run. That’s why for this section we’ll take a look at TaxJar’s pricing levels and what each of those options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements and reporting. It includes taxes on sales and sales as well as four free yearly AutoFiles, and an CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a smaller company proprietor, then this program could be ideal for you. It might not include all the features offered by TaxJar however, it does include all the basics you require.
Additionally, you can contact their customer support via their email support chart. You’ll also have access to their integration features.
If you’re looking for something different from the standard features, then the Professional plan may be the best option for you. It’s priced at $99 however, it could go up if you add custom features.
How different is it from the starter plan?
In addition to accessing all of the Starter plan’s options, you also have access to the support of their customer service via phone 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 have a massive business, you might need to choose the Premium plan instead. It has 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, and AutoFiles.
There is also a team that is devoted to managing your account. They don’t reveal the price of the Premium plan. will cost you. TaxJar Vs Avalara Comparison
But they did state that this plan is customized for each user. The cost of the plan will be different according to what you require to run your business.
It’s a good thing that you don’t have to risk your money to find out if the platform is for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to gauge if the platform is an excellent fit for you.
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing we’ll go over the pros and cons of the use of TaxJar to run your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides on the internet for sales tax calculator.
- Has support service team
- The dashboard is easy 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 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.
- It is important for owners and accountants to recheck local legislations
The Final Verdict
With everything laid out, TaxJar is an excellent platform for companies with multiple sales channels and uses numerous platforms. If this sounds like the way you do, then you must try TaxJar.
Not only can it help you track the sales and profits of your business however, it will help you meet your deadlines. It is also a great platform for an accountant since they have the Tax Advisor program. There are tips to follow and get knowledge from their seminars about taxes through it.
Using TaxJar can allow you to reduce time and keep on top of each deadline and requirement 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 it. TaxJar Vs Avalara Comparison
But if handling your taxes is simple and straightforward, then TaxJar might not be a good investment. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. In addition, if you find the whole process easy to do then you’re better in doing it all on your own.
FAQ TaxJar Vs Avalara Comparison
Which areas does TaxJar provide 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 connect Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions’ amounts are in US$. If you’re using another currency, you’ll have to convert it into USdollars before TaxJar determines the tax.