Taxes have always been one of the most difficult things to handle, whether you’re running an enterprise 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 filled with tasks to complete. If you don’t have the funds to engage an accountant doing it on yourself can be risky. If you overlook one thing and you don’t know it, you may need to repeat the process!
Most people want to avoid this step. But , as it’s a requirement, we have no choice.
So , what is the best way to deal with it?
We can always make our lives easier by using tools like TaxJar.
This article will take a look at this life-saving tool and how it can assist you. Even though this is a long read but you’ll be able to gauge whether TaxJar is what you need in the present.
Do you prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
For those who like to read, we’ll dive right into.
What is TaxJar? TaxJar Vs Avalara Pricing
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for the entire life cycle. Furthermore, you can utilize it across all your sales channels to make sure you’re in compliance with your sales taxes. It simplifies the processes that take days to complete and finish within just a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to ensure that everything is simple and organized. Let’s look into the benefits and features of TaxJar.
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Services and features
Integration
One of the most important things you’ll need to ensure is that your accounting tax system seamlessly works well in conjunction with the sales channels you use. If you have multiple sales channels, you need to maintain everything in line. The final thing you would like is to get a penalty for overlooking just one minor detail.
TaxJar lets you display your key metrics in one place. This means that there is no need to collect information from multiple sources and then organize it on one platform. All you need to do is connect TaxJar, it will take care of the rest.
Other than that, 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:
Filing
TaxJar allows customers to submit their sales tax either manually or via TaxJar’s AutoFile feature. For the purpose of this article, we’ll take a look at 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 filing tax returns for income The team will guide you on how to manage the tax returns. It is up for you and your team to complete the process in time. TaxJar is only there to help you understand what you need to accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. With this feature, everything will be automated from calculating sales tax through recording, and then processing it. There could be additional charges if they are you do not include this feature in the plan you chose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to ease your accounting issues. All orders made through your e-commerce 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 everything you need, such as a list of your transactions, reports, as well as the data.
The most appealing aspect of this feature is that it allows you to update your account automatically each day. Not only can they help you know how much you’ve collected, but they also help you track when your following payment is due.
The dashboard allows users to view in detail the sales tax totals for your business. It is also possible to export your data as the form of a CSV file, if you want to use it for your process of financial planning and accounting or if your team needs it for centralized reporting.
Training and Streamlining
TaxJar helps organize and keep the track of all the sales avenues you use. This means that you don’t have to scramble for your documents when you need them in the event of a need. Even even if you already have an accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance will allow you to allocate your funds better. You’ll be aware of the budget you have to cover other operating costs.
The best part is that TaxJar offers tutorials and training not only for their platform but all things connected to sales tax. You can look through their guides, webinars, and blog for more information. In addition their sales tax calculator is beneficial when you’re planning to take on the entire task yourself.
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How much does TaxJar cost?
We are aware of how important it is to determine your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing levels and what each of these plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
The Starter plan starts at $19. The company claims that it’s the most effective plan to help you with filing requirements or reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale business owner, this plan should be ideal for you. It may not have all the features offered by TaxJar but it comes with all the basics you require.
In addition, you can reach their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking for something a bit more than just the basic features Professional might be the right one for you. It starts at $99, but it can go higher when you add additional features.
How different is it from the basic plan?
Apart from having access to every one of Starter plan’s features, you also get access to their support via phone Access to APIs, phone support, and sophisticated CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you run a large business, you might need to opt for the Premium plan instead. It has all of the features you need to help with your taxes. Moreover, they allow unlimited import integrations of data as well as API integrations, team users as well as AutoFiles.
There is also a team who are devoted to managing your account. They don’t reveal how much the Premium plan costs you. TaxJar Vs Avalara Pricing
However, they did say that this plan is customized to each user. Therefore, the cost will differ in line with what you require for your business.
Free Trial
Luckily, you don’t have to bet your life on it to determine if this service is for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. This should give you enough time to see if the platform is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you must be aware of TaxJar let’s take a break. In order to sum up the whole thing we’ll go over the advantages and disadvantages of using TaxJar to run your business.
Pros
- There is a Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Provides Taxes on sales online calculator
- Support Service Team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It can be integrated with other platforms
- You can track several sales channels
Cons
- AutoFile limit is 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 check local legislation
The Final Verdict
With everything clearly laid out TaxJar provides a fantastic platform to businesses with many sales channels and utilizes plenty of platforms. If that’s what you do, then you ought to try this.
Not only will it aid in tracking the sales and profits of your business, but it can help you meet your deadlines. It is also a great opportunity for accountants since they provide a Tax Advisor program. There are tips to follow and gain knowledge from their workshops on taxes by using it.
Utilizing TaxJar can allow you to save more time while keeping the track of each deadline and obligation 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 Vs Avalara Pricing
However, if managing taxes is easy If it isn’t, then TaxJar might not be a good investment. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better off doing it by yourself.
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FAQ TaxJar Vs Avalara Pricing
What areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify into TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All transactions’ amounts are in US$. If you’re using another currency, you will need to convert it into USUSD prior to when TaxJar will calculate your tax.
