Taxes have always been one of the most difficult tasks to complete regardless of whether you run an enterprise or not. Particularly if you don’t have a degree in accounting or finance. Tax-related work can be overwhelming, particularly when you’re filled with tasks to complete. In the event that you do not have the funds to employ an accountant, doing it on your own can be risky. If you overlook one thing and you don’t know it, you may have to redo things again!
Almost everyone wants to skip this step. But since it’s required and mandatory, there’s no other choice.
So what can we do ?
It is always possible to make life easier with tools such as TaxJar.
Here we’ll take a look at this popular life-saving device and how it can assist you. While this is an extensive read it is possible to gauge whether TaxJar is what you need right now.
Are you looking video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, then let’s get right into it.
What is TaxJar TaxJar Work From Home
Founded in 2013, TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Additionally, you can use it across all of your channels of sales to make sure you’re in compliance with sales taxes. It simplifies the processes that take days to complete and can be completed in a matter of minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is extensively used by online business owners to make their business more organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to make sure is that your accounting tax software perfectly integrates in conjunction with the sales channels you use. If you’re using multiple sales channels, you must keep everything in place. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your critical metrics in one place. So, there’s no requirement to collect data in multiple channels and sort it into a single platform. All you have to do is to integrate TaxJar it will do the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payments. Here’s a list of platforms they are able to integrate with:
TaxJar allows clients to submit their sales tax either manually or via the AutoFile feature. In our review we’ll look at both.
If you choose to go it alone, TaxJar will allow you to connect those sales tools. When the time is right for filing income tax returns The team will guide you on how to manage them. But, it is up to you and your staff to complete the process on time. TaxJar is only there to provide guidance on what you have to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit all forms by hand. With this feature, everything is automated, from calculating sales taxes in order to record and process them. But, it is possible to incur additional charges if they are you do not include this feature in the plan you select.
Sales Tax Reports
As I mentioned earlier that you can utilize TaxJar to ease your accounting problems. Your orders from your e-commerce channels can be put together into a single dashboard through this platform. Once you’re on the platform you and your team will have access to everything you require, including an inventory of your transactions, reports and the data.
The greatest benefit of the feature you’ve chosen is it lets you to update automatically every day. They not only let to know the amount you’ve accumulated, but they also help you keep track of when the next payments are due.
Their dashboard can also allow you to see the sales tax totals in your business. You can also export the data to a CSV file if you need it for your financial planning and accounting processes or if your team requires it for central reporting.
Streamlining and Training
TaxJar helps organize and keep track of all of your sales channels. It means you don’t need to scramble for your documents whenever you’re in the event of a need. Even if you already have your accounting firm, the feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your funds better. You’ll know better how much budget you have available for other operational costs.
But what’s even better is that TaxJar offers tutorials and training, not just for their platform but everything connected to sales tax. You can look through their webinars, guides, or blog posts for additional info. Additionally their sales tax calculator is 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 these choices can provide you. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan starts at $19. They say it’s the most effective plan if you need help with filing requirements or reporting. It includes sales tax reporting, 4 autofiles for free each year, and the option of a CSV import. Even with the basic plan, you can access their AI tax tips.
If you’re a smaller company owner, this plan will be ideal for you. It might not include all the features offered by TaxJar however, it does include the essentials that you need.
You can also contact the support team via their support chart for email. You’ll also be able to use their integration capabilities.
If you’re looking for different from the basic features, then the Professional plan could be the one for you. It starts at $99, but you can increase it by adding custom features.
How different is it from the starter plan?
In addition to having access to all of the Starter plan’s features, you also get access to the support of their customer service via phone, API access, and sophisticated CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge company, you may need to choose the Premium plan instead. It comes with all the features needed to help with your taxes. Moreover, they allow unlimited integrations with data imports as well as Integrations with APIs, teams of members as well as AutoFiles.
There is also a team who are devoted to managing your account. They don’t reveal the amount that the Premium plan is going to cost. TaxJar Work From Home
But they did state that this plan is tailor-fit to each user. So the costs will vary depending on what you need to run your business.
It’s a good thing that you don’t have to bet your life on it to see if this platform is the right one for you. If you’re still looking into various options, they provide 30 days of free trial. This should be enough time to determine whether the service is the right choice for you.
Pros and Cons
After we’ve gone over everything you should be aware of TaxJar Let’s relax. To summarize we’ll go over the pros and cons of making use of TaxJar for your business.
- There is the Tax Advisor option for some plans
- AutoFile features 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
- Offers a 30-day free trial
- It is possible to integrate it with other platforms
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable to 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 companies with numerous sales channels, and that utilizes plenty of platforms. If that sounds like what you’re doing, then you ought to try this.
It’s not just a way to aid in tracking your products and revenue however, it will help you meet the deadlines you set. It’s also an excellent platform for an accountant since they provide the Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
The use of TaxJar can help you get more done while keeping track of every deadline and requirement you have to meet. If you’re in a region with a lot of tax regulations, this will surely help you wrap your mind around it. TaxJar Work From Home
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 sales channels, TaxJar won’t be needed to keep track of everything. If you find the entire procedure simple to follow then you’re better off doing it on your own.
FAQ TaxJar Work From Home
What are the areas in which TaxJar provide API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify into TaxJar?
Yes. You can connect your Shopify account to TaxJar for easier monitoring and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currencies. All transactions’ amounts are in US$. If you’re using another currency, you’ll need to convert it to USdollars before TaxJar can calculate your tax.