Taxes are always one of the most difficult things to handle regardless of whether you run your own business or not. Even more so if you do not have a background in finance or accounting. Tax-related issues can be overwhelming, particularly when you’re filled with tasks to complete. If you don’t have enough money to engage an accountant performing the task on your own could be dangerous. If you make a mistake it could mean you have to do it all over again!
Most people want to avoid this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do about it?
We can make our lives easier by using tools like TaxJar.
We’ll look at this popular life-saving tool and explain how it can help you. Although this is quite an extensive read but you’ll be able to gauge whether TaxJar is the tool you require right now.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of TaxJar’s features.
For those who like to read, we’ll dive right into.
What exactly is TaxJar? TaxJar::Error::Unprocessableentity: Something Could Not Be Processed
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it in all of the sales channels you use to make sure you’re in compliance with sales tax requirements. It streamlines processes that require days to complete and finish within only a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is used extensively by owners of online businesses to ensure that everything is neat and simple. Let’s take a look at their features and services.
Services and features
One of the most important things you’ll want to check is that your accounting tax software perfectly integrates in conjunction with the sales channels you use. If you have multiple sales channels, you must keep everything in place. The last thing you want is to get a penalty for missing a single minor point.
TaxJar allows you to display your critical metrics in one spot. This means that there is no requirement to collect data in multiple channels and sort it into a single platform. All you need to do is connect TaxJar, then the system will handle all the rest.
Apart from that, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms they can integrate with:
TaxJar allows clients to file their sales taxes by hand or using their AutoFile feature. In our review we’ll take a look into both.
If you opt to do it manually, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing tax returns for income The team will guide you on how to manage the tax returns. However, it will be up for you and your team members to complete the process on time. TaxJar will only provide guidance on 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 any forms manually. Through this feature, everything will be automated from calculating taxes on sales in order to record and process them. But, it is possible to incur additional charges if they are not part of the plan you chose.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting issues. All orders made through 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 a list of your transactions, reports, and information.
The greatest benefit of this feature is that it lets you to update your account automatically each day. They not only let to know the amount you’ve collected, but they also help you determine when your next payment is due.
The dashboard allows users to view in detail the overall sales taxes for your business. You can also export the information in a CSV file, if you want to use it in your process of financial planning and accounting or if your team requires it for central reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the channels you sell through. That means you won’t have to hunt for your paperwork when you need them when you’re in a pinch. Even even if you already have an accountant, this feature can make them more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your funds better. You’ll know exactly how much budget you have available for other operational costs.
What’s more is that TaxJar provides training and tutorials, not just on their platform, but everything related to sales tax. Check out their webinars, guides or blog posts for additional info. In addition their sales tax calculator should be beneficial when you’re planning to take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing features, but they’re sometimes too expensive for businesses. This is why in this section, we’ll look into TaxJar’s pricing structures and the features that each of these choices can provide you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan starts at $19. They claim that it’s the best plan for those who need assistance in filing and reporting. It comes with the tax on sales, 4 annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you will be able to access their AI tax tips.
If you’re a smaller company owner, this plan should be perfect for you. It may not have all the features of TaxJar however, it does include the essentials that you need.
In addition, you can reach their customer support via their email support chart. You’ll also be able to use their integration tools.
If you’re looking for something a bit more than just the basics, then the Professional plan could be the one for you. It starts at $99, however, it could go up by adding custom features.
So how different is it from the starter 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. They also allow you to have 12 free AutoFiles each year.
If you have a massive enterprise, you may want to choose the Premium plan instead. It has all of the features that you require to help with your taxes. Moreover, they allow unlimited import integrations of data Integrations with APIs, teams of users, and AutoFiles.
They also have a staff dedicated to managing your account. But, they don’t divulge the amount that the Premium plan costs you. TaxJar::Error::Unprocessableentity: Something Could Not Be Processed
However, they did mention that this plan is customized for every user. So the costs will vary depending on what you need to run your business.
Luckily, you don’t have to gamble your money just to see if this platform is the right one for you. If you’re still looking into different options, they offer 30 days of free trial. This should be enough time to gauge whether the service is the right choice for you.
Pros and Cons
Now that we’ve covered all you should know about TaxJar Let’s relax. To summarize, here are the pros and cons of the use of TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features help to reduce 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.
- Allows you to track multiple sales channels
- AutoFile limit is based on 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 check local legislation
The Final Verdict
With everything clearly laid out TaxJar can be a great platform businesses with multiple sales channels and uses numerous platforms. If that sounds like what you’re doing, then you ought to try this.
Not only will it help you track your products and revenue however, it will also help you meet your deadlines. This is also an excellent option for accountants as they provide a Tax Advisor program. You can get tips and get knowledge from their seminars about taxes through it.
The use of TaxJar can help you reduce time and keep the track of each deadline and requirement you have to meet. If you live in a region with a lot of tax laws, this will surely help you wrap your head around it. TaxJar::Error::Unprocessableentity: Something Could Not Be Processed
However, if managing taxes is easy and straightforward, 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 track everything. Moreover, if you find the whole process easy to do and you’re comfortable with it, you may be better to do it on your own.
FAQ TaxJar::Error::Unprocessableentity: Something Could Not Be Processed
What areas does TaxJar offer API support?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Can I incorporate 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 using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transactions’ amounts are in USdollars. If you’re using another currency, you’ll have to convert it into US$ before TaxJar can calculate the tax.