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 aren’t easy, particularly when your whole day is packed with things to do. In the event that you do not have enough money to engage an accountant performing the task on yourself can be dangerous. If you make a mistake, you might 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.
What can we do about it?
We can always make life easier by using tools like TaxJar.
Here we’ll take a look at this life-saving device and how it can benefit you. While this is lengthy, you should be able to assess whether TaxJar is exactly what you need right now.
Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also give a complete analysis of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What exactly is TaxJar? TaxJar Without Verified Stripe
Founded in 2013, TaxJar is an online platform that assists you in automating your reporting, filings and sales tax calculations. TaxJar is a solution to the entire life cycle. Furthermore, you can utilize it in all of your sales channels to ensure that you are in compliance with sales tax requirements. It makes the process simpler that could take days to complete and is completed in just a few only a few minutes.
TaxJar has been used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to make their business more simple and organized. Let’s look into their features and services.
Features and services
One of the first things you’ll need to make sure is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, it is essential to keep everything in place. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to display your key data in one location. That way, there’s no need to gather data in multiple channels and sort it into one platform. All you need to do is to integrate TaxJar, and the platform will do the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms that they can connect with:
TaxJar allows customers to file their sales taxes by hand or using the AutoFile feature. For this review, we’ll take a look at both.
If you decide to do it manually, TaxJar will allow you to connect all of your sales platforms. When it comes time to filing income tax returns TaxJar will train you on how to manage them. However, it will be up to you and your staff to finish the tax returns on time. TaxJar is only there to provide guidance on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit any forms manually. With this feature, everything will be automated from calculating sales tax in order to record and process it. However, there might be additional charges if they are not included in the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting problems. Your orders from your e-commerce channels can be combined into a single dashboard through this platform. Once you’re on the platform, you and your team will have access to everything you need, like a list of your transactions, reports, and information.
The best part about the feature you’ve chosen is it lets you to automatically update every day. They not only let to know the amount you’ve collected however, they can also help you keep track of when the next payment is due.
Their dashboard also allows users to view in detail the sales tax totals within your company. It is also possible to export the information in a CSV file in case you require it in your accounting and financial planning processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping on top of all the sales avenues you use. It means you don’t need to search for your documents when you need them in the event of a need. Even when you already have your accounting firm, the feature will help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will help you plan your funds better. You’ll know better how much budget you have for other operating costs.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just on their platform, but all things connected to sales tax. You can look through their webinars, guides, or blog posts for additional information. Additionally their sales tax calculator is beneficial when 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. For this reason, we’ll look into TaxJar’s pricing structures and what each of those plans can offer. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan starts at $19. They say it’s the most suitable plan for you for those who need assistance with filing requirements and reporting. It includes taxes on sales and sales as well as four annual AutoFiles for free, as well as an CSV import. Even with the starter plan, you have access to their AI tax advice.
If you’re a smaller business manager, the plan should be perfect for you. It may not offer all of TaxJar’s features but it comes with the essentials that you need.
You can also contact their customer support via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for something a bit more than just the basic features Professional might be the right one for you. The price starts at $99 but you can increase it by adding custom features.
What is the difference from the basic plan?
In addition to having access to every one of Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
If you own a huge company, you may need to opt for premium plans instead. It has all of the features that you require to make your tax filing easier. Moreover, they allow unlimited data import integrations as well as API integrations, team users and AutoFiles.
They also have a team that is devoted to managing your account. However, they don’t disclose the amount that the Premium plan costs you. TaxJar Without Verified Stripe
But they did state that the plan is custom-made for every user. So the costs will vary depending on what you need for your business.
Fortunately, you don’t need to gamble your money just to determine if this service is right for you. If you’re still considering various options, they provide 30 days of free trial. This should give you enough time to see whether the service is the right choice for you.
Pros and Cons
After we’ve gone over everything you must know about TaxJar let’s take a break. To sum it all up Here are the advantages and disadvantages of using TaxJar for 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
- Offers a 30-day free trial
- It can be integrated with other platforms.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature.
- Only applicable for USA customers.
- It is important for owners and accountants to review local laws
The Final Verdict
With everything laid down, TaxJar can be a great platform businesses with numerous sales channels, and that utilizes plenty of platforms. If that sounds like what you’re doing, then should try this.
It’s not just a way to help you track your products and revenue, but it can also help you meet your deadlines. It is also a great opportunity for accountants since they offer the Tax Advisor program. There are tips to follow and gain knowledge from their workshops about taxes through it.
Utilizing TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to fulfill. If you live in a region with a lot of tax laws, this will definitely help you get your mind around it. TaxJar Without Verified Stripe
But if handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels for sales, TaxJar won’t be needed to track everything. If you’re finding the entire procedure easy to complete then you’re better to do it on your own.
FAQ TaxJar Without Verified Stripe
What areas does TaxJar offer API support?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. All of the transaction amounts are n USdollars. If you’re using a different currency, you’ll need to convert it to USUSD before TaxJar can calculate your tax.