Taxes have always been one of the most difficult tasks to complete, whether you’re running your own business or not. Even more so if you do not have a degree in accounting or finance. Tax-related tasks can be overwhelming, particularly when you’re packed with things to do. In the event that you do not have the funds to engage an accountant doing it on your own could be risky. If you miss one detail, you might have to do it all over again!
Nearly everyone would prefer to skipping this step. However, since it’s mandatory, we have no choice.
So , what can we do about it?
We can make our lives easier by using tools like TaxJar.
This article will take a look at this popular life-saving device and how it can assist you. Even though this is an extensive read, you should be able to determine if TaxJar is exactly what you need today.
Are you looking to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What exactly is TaxJar? TaxJar Woocommerce Plugin Free Download
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. TaxJar is a solution to the entire life cycle. Furthermore, you can utilize it across all the sales channels you use to ensure that you are in compliance with sales taxes. It makes the process simpler that could require days to complete and finish within just a few minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by online business owners to keep everything simple and organized. Let’s take a look at their features and services.
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Services and features
Integration
One of the first things you’ll need to ensure is your tax-reporting software is compatible along with sales funnels. If you have multiple sales channels, it is essential to ensure that everything is in order. The final thing you would like is to face a penalty due to missing a single minor point.
TaxJar allows you to display your most important data in one location. So, there’s no need to collect data from different channels and organize it into one platform. All you need to do is connect TaxJar, and the platform will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar allows clients to make sales tax filings manually or through TaxJar’s AutoFile feature. In this review, we’ll dig into both.
If you choose to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. When the time is right for filing tax returns for income, the team will instruct you on how to manage them. It is up for you and your staff to complete everything within the timeframe. TaxJar will only provide guidance on what you have to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. Through this feature, everything will be automated from calculating taxes on sales through recording, and then processing it. There could be extra fees if not part of the plan you chose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be put together 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 need, like an inventory of your transactions, reports, and information.
The best part about the feature you’ve chosen is it lets you to update your account automatically each day. Not only will they let you know how much you’ve earned however, they can also help you track when your following payments are due.
The dashboard allows users to view in detail the sales tax totals in your business. Additionally, you can export the data as the form of a CSV file, if you want to use it to aid in accounting and financial planning processes or if your team requires it for central reporting.
Training and Streamlining
TaxJar helps organize and keep on top of all the sales avenues you use. It means you don’t need to hunt for your paperwork whenever you’re in the event of a need. Even if you already have your accounting firm, the feature will make them more efficient.
Additionally, knowing the figures for the sales tax you pay in advance will allow you to allocate your money more efficiently. You’ll be aware of the budget you have available for other operating costs.
But what’s even better is that TaxJar offers training and tutorials and tutorials, not just for their platform , but also everything connected to sales tax. You can check out their webinars, guides and blog for more info. In addition their sales tax calculator is helpful if you’re planning on complete everything yourself.
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How much does TaxJar cost?
We know how crucial it is to establish your budget. Certain platforms have amazing features, but they can be too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing structures and the features that each of these options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan starts at $19. The company claims that it’s the most effective plan for those who need assistance in filing and reporting. It comes with the tax on sales, four free yearly AutoFiles, and the option of a CSV import. Even with the basic plan, you can access their AI tax tips.
If you’re a small company owner, this plan should be perfect for you. It may not offer all the features of TaxJar however, it does include the essentials that you need.
In addition, you can reach the support team via their email support chart. Additionally, you’ll have access to their integration capabilities.
Professional
If you’re looking to get different from the basic features and options, then the Professional plan may be the best option for you. It starts at $99, however, it could go up when you add additional features.
What is the difference from the starter plan?
In addition to accessing every one of Starter plan’s options, you also have access to the support of their customer service via phone, API access, and the ability to do advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
Premium
If you run a large company, you may need to go for the Premium plan instead. It has all of the features you need to help with your taxes. In addition, they offer unlimited data import integrations API integrationsfor team users, and AutoFiles.
There is also a team that is devoted in managing your accounts. But, they don’t divulge the price of the Premium plan. will cost you. TaxJar Woocommerce Plugin Free Download
But they did state that the plan is custom-made to each user. Therefore, the cost will differ according to what you require to run your business.
Free Trial
Fortunately, you don’t need to bet your life on it to find out if the platform is for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should give you enough time to see whether the software is a good fit for you.
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Pros and Pros and
After we’ve gone over everything you need to know about TaxJar Let’s relax. To summarize we’ll go over the pros and cons of the use of TaxJar for your company.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides Taxes on sales online calculator
- Support Service Team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms
- You can track several sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable to USA customers
- Needs accountants and owners to recheck local legislations
The Final Verdict
With everything clearly laid out, TaxJar provides a fantastic platform to companies that have multiple sales channels and uses many platforms. If that’s what you do, then you must try TaxJar.
It’s not just a way to assist you in keeping track of your revenue and products however, it will assist you in meeting the deadlines you set. It is also a great opportunity for accountants since they offer tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
Utilizing TaxJar can help you reduce time and keep the track of each deadline and obligation you have to meet. If you live in an area with complex tax laws, this can definitely help you get your head around it. TaxJar Woocommerce Plugin Free Download
But if handling taxes is easy and straightforward, then TaxJar might not be a good expense. If you only have one or two channels for sales, TaxJar won’t be needed to track all of it. Moreover, if you find the entire process easy to do, you might be better off doing it by yourself.
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FAQ TaxJar Woocommerce Plugin Free Download
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify with TaxJar?
Yes. You can sync your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. The transaction amounts are n US$. If you’re using a different currency, you’ll need to convert it to USUSD prior to when TaxJar will calculate the tax.
