Taxes have always been among the hardest things to do regardless of whether you’re running a business or not. Even more so if you do not have a degree in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is filled with tasks to complete. If you don’t have enough money to engage an accountant making it your own can be dangerous. If you miss one detail it could mean you have to do it all over again!
Most people want to skip this step. But since it’s required, we have no choice.
So , what is the best way to deal with it?
We can always simplify our lives by using tools like TaxJar.
Here we’ll take a look at this popular life-saving device and how it can help you. Although this is quite an extensive read but you’ll be able to determine if TaxJar is exactly what you need in the present.
Prefer watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
But for those who prefer to read, let’s get right into it.
What is TaxJar? W Tax Group Reviews
Founded in 2013, TaxJar is a platform that helps automate your reporting, filings and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all of your channels of sales to ensure that you are in compliance with sales taxes. It simplifies the processes that take days to complete and is completed in just a few minutes.
TaxJar is used in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is used extensively by owners of online businesses to keep everything neat and simple. Let’s look into the features and services offered by TaxJar.
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Services and features
Integration
One of the most important things you’ll need to make sure you have a tax accounting platform seamlessly works well with your sales channel. If you’re selling through multiple channels, you must maintain everything in line. The final thing you would like is to get a penalty for missing a single minor point.
TaxJar allows you to show your critical metrics in one place. So, there’s no requirement to collect data from different channels and then organize it on one platform. All you have to do is integrate TaxJar it will take care of the rest.
Other than that, TaxJar also integrates with other platforms to assist with payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar allows customers to make sales tax filings by hand or using their AutoFile feature. For this review, we’ll take a 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 the filing of income tax returns TaxJar will train you on managing them. But, it is up for you and your team to finish the tax returns in time. TaxJar is only there to guide you on what you should accomplish, but not manage it.
If you would prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. Through this feature, everything is automated, from calculating sales tax to recording and processing it. There could be extra fees if not part of the plan you select.
Sales Tax Reports
As I mentioned earlier, you can use TaxJar to help you with your accounting problems. The orders you place through your online channels can be put together into a single dashboard through this platform. Once you’re on the platform you and your team can access everything you need, such as the list of transactions, reports and information.
The most appealing aspect of the feature you’ve chosen is it allows you to update automatically every day. Not only can they help you know how much you’ve earned and how much you’ve earned, but they also let you track when your following payments are due.
Their dashboard can also allow you to fully view the sales tax totals for your business. Additionally, you can export the information to a CSV file if you need it to aid in process of financial planning and accounting or if your team needs it to run centralized reports.
Streamlining and Training
TaxJar helps organize and keep on top of all your sales channels. That means you won’t have to search for your documents when you’re in the event of a need. Even even if you already have an accountant, this feature can make them more efficient.
Furthermore, knowing the estimated amount for your sales tax ahead of time will allow you to allocate your funds better. You’ll know exactly how much budget you have for other operational costs.
But what’s even better is that TaxJar offers tutorials and training not only for their platform , but also for anything connected to sales tax. Check out their webinars, guides, or blog posts for additional information. In addition, their sales tax calculator is beneficial when you’re planning to do everything on your own.
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How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. That’s why for this section we’ll examine TaxJar’s pricing levels and what each of these options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
The Starter plan is priced at $19. The company claims that it’s the most effective plan if you need help with filing requirements and reporting. It includes the tax on sales, 4 annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you have access to their AI tax recommendations.
If you’re a small business manager, the plan could be perfect for you. It may not have all of TaxJar’s features however, it does include the basic features you require.
In addition, you can reach their support team with their email support chart. You’ll also be able to use their integration tools.
Professional
If you’re looking for something that is more than the basic features and options, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher by adding custom features.
How different is it from the starter plan?
Apart from having access to each of Starter plan’s features, you also have the support of their customer service via phone access to APIs, as well as sophisticated CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.
Premium
If you have a massive business, you might need to opt for premium plans instead. It comes with all the features needed to help with your taxes. In addition, they offer unlimited integrations with data imports, Integrations with APIs, teams of users, and AutoFiles.
They also have a staff dedicated to managing your account. But, they don’t divulge the price of the Premium plan. is going to cost. W Tax Group Reviews
However, they did say that this plan is tailor-fit to each user. The cost of the plan will be different depending on what you need to run your business.
Free Trial
It’s a good thing that you don’t have to gamble your money just to determine if this service is for you. If you’re still considering various options, they provide a 30-day free trial. This should give you enough time to see whether the software is an excellent fit for you.
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Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. To summarize, here are the pros and cons of using TaxJar for your business.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator.
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms
- Allows you to track multiple sales channels
Cons
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable for USA customers.
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid down, TaxJar provides a fantastic platform to companies that have numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then must try TaxJar.
Not only can it help you track your products and revenue It can help you meet your deadlines. This is also an excellent platform for an accountant since they offer a Tax Advisor program. You can get tips and learn from their sessions about taxes through it.
The use of TaxJar can allow you to save more time while keeping on top of each deadline and requirement you have to meet. If you’re in an area with complex tax laws, this will definitely help you get your head around it. W Tax Group Reviews
If handling your taxes is simple and straightforward, then TaxJar may be an unnecessary expense. If you only have one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, if you find the whole procedure simple to follow and you’re comfortable with it, you may be better in doing it all on your own.
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FAQ W Tax Group Reviews
Which areas does TaxJar provide API assistance?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Can I connect Shopify with TaxJar?
Yes. You can link your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transaction amounts are n USdollars. If you’re using a different currency, you’ll need to convert it to US$ prior to when TaxJar determines your tax.
