Taxes are always one of the hardest things to do regardless of whether you’re running your own business or not. Even more so if you do not have a background in finance or accounting. Tax-related issues aren’t easy, particularly when your whole day is filled with tasks to complete. If you don’t have the funds to hire an accountant, performing the task on your own can be dangerous. If you make a mistake, you might have to do it all over again!
Most people want to avoid this step. But since it’s required, we have no choice.
What is the best way to deal with it?
We can always make our lives easier with tools such as TaxJar.
This article will take a look at this well-known life-saving device and how it can benefit you. While this is an extensive read, 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 do a full review of the features offered by TaxJar.
If you prefer to read, then we’ll dive right into.
What is TaxJar TaxJar Work From Home Reviews
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculation. It’s a solution for all aspects of your sales tax cycle. In addition, you can apply it across all your channels of sales to make sure you’re in compliance with sales taxes. It makes the process simpler that could require days to complete and is completed in just a few just a few minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by owners of online businesses to ensure that everything is simple and organized. Let’s explore the benefits and features of TaxJar.
Features and services
One of the first things you’ll want to check is that your accounting tax software is compatible along with sales funnels. If you have multiple sales channels, it is essential to keep everything in place. The last thing you want is to face a penalty due to not paying attention to a minor thing.
TaxJar allows you to display your critical data in one location. That way, there’s no need to collect data in multiple channels and then organize it on one platform. All you have to do is integrate TaxJar it will take care of all the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payments. Here’s a list highlighting the platforms they are able to integrate with:
TaxJar allows clients to file their sales taxes manually or through the AutoFile feature. For the purpose of this article, we’ll look into both.
If you decide to go it alone, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing income tax returns The team will guide you on how to handle them. But, it is up to you and your team to complete the process in time. TaxJar will only provide guidance on what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out all forms by hand. With this feature, everything is automated, from calculating taxes on sales to recording and processing it. But, it is possible to incur additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to ease your accounting issues. The orders you place through your online channels can be put together into one dashboard using this platform. Once you’re on the platform, you and your team will have access to everything you need, such as an inventory of your transactions, reports, as well as the data.
The greatest benefit of this feature is that they allow you to update your account automatically each day. They not only let to know the amount you’ve collected, but they also help you keep track of when the next payment is due.
Their dashboard also allows you to see the overall sales taxes in your business. It is also possible to export the information in CSV format. CSV file in case you require it to aid in financial planning and accounting processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of the sales avenues you use. That means you won’t have to search for your documents when you’re when you’re in a pinch. Even if you already have your accountant, this function will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time will help you plan your money more efficiently. You’ll be aware of the budget you have to cover other operational costs.
The best part is that TaxJar offers training and tutorials not only for their platform , but also all things connected to sales tax. Check out their webinars, guides, as well as their blog to find more info. Apart from that their sales tax calculator can be beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms provide amazing features, but they’re sometimes too costly for your business. For this reason we’ll examine TaxJar’s pricing levels and the features that each of these choices can provide you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
The Starter plan costs $19. The company claims that it’s the most suitable plan for you if you need help with filing requirements or reporting. It also includes taxes on sales and sales as well as four autofiles for free each year, and the option of a CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a small-scale company proprietor, then this program will be ideal for you. It might not include all the features of TaxJar however, it does include the essentials that you need.
You can also contact their customer support via their support chart for email. You’ll also have access to their integration capabilities.
If you’re looking for that is more than the standard features Professional may be the best option for you. It’s priced at $99 however, it could go up when you add additional features.
How different is it from the starter plan?
Apart from having access to every one of Starter plan’s options, you also have access to their phone customer support access to APIs, as well as the ability to do advanced CSV import. They also allow you to get 12 AutoFiles for free each year.
If you own a huge company, you may need to opt for the Premium plan instead. It comes with all the features that you require to help with your taxes. Moreover, they allow unlimited integrations with data imports, API integrationsfor team members, and AutoFiles.
They also have a team who are devoted in managing your accounts. They don’t reveal how much the Premium plan costs you. TaxJar Work From Home Reviews
However, they did say that the plan is custom-made to each user. Therefore, the cost will differ in line with what you require for your company.
Luckily, you don’t have to gamble your money just to see if this platform is right for you. If you’re still looking into other options, they have a 30-day free trial. It should give you enough time to determine if the platform is a good fit for you.
Pros and Cons
We’ve covered everything you should be aware of TaxJar let’s take a break. To summarize Here are the pros and cons of using TaxJar to run your business.
- Has a Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers an online sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It is able to be integrated with other platforms
- Allows you to track multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable for USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything laid down, TaxJar is an excellent platform for companies that have many sales channels and utilizes plenty of platforms. If this sounds like the way you’re doing, then ought to try this.
Not only can it help you track your revenue and products however, it will assist you in meeting your deadlines. This is also an excellent platform for an accountant since they offer tax Advisor program. You can find tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar can help you save more time while keeping track of every deadline and requirement you have to fulfill. If you live in a place with complicated tax regulations, this will definitely help you get your mind around it. TaxJar Work From Home Reviews
But if handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to keep track of all of it. In addition, if you find the whole process easy to do and you’re comfortable with it, you may be better off doing it by yourself.
FAQ TaxJar Work From Home Reviews
What are the areas in which TaxJar offer 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 connect your Shopify account with TaxJar to facilitate monitoring and updates.
Can I convert any type of currency with TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. The transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it into USUSD prior to when TaxJar can calculate your tax.