What Company Is TaxJar

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Taxes have always been among the most difficult tasks to complete, whether you’re running a business or not. More so if you don’t have any experience in accounting or finance. Tax-related work can be overwhelming, especially when your whole day is full of things to be done. If you don’t have the budget to employ an accountant, performing the task on yourself can be dangerous. If you make a mistake and you don’t know it, you may need to repeat the process!

Nearly everyone would prefer to skipping this step. But since it’s required and mandatory, there’s no other choice.

So what is the best way to deal with it?

It is always possible to simplify our lives by using tools like TaxJar.

This article will take a look at this well-known life-saving tool and explain how it can assist you. Although this is quite an extensive read, you should be able to determine if TaxJar is exactly what you need in the present.

Are you looking watching videos rather than watch them? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.

But for those who prefer to read, let’s get right into it.

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What is TaxJar What Company Is TaxJar

The company was founded in 2013 TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply it across all the sales channels you use to make sure you’re in compliance with sales taxes. It makes the process simpler that could can take days to complete, and is completed in just a few just a few minutes.

TaxJar has been utilized in different industries such as food and beverage businesses, SaaS, retail, services as well as medical institutions.

How can it help you?

TaxJar is extensively used by online business owners to ensure that everything is simple and organized. Let’s look into the features and services offered by TaxJar.

What Company Is TaxJar

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Features and services

Integration

One of the first things you’ll want to check is your tax-reporting software seamlessly works well along with sales funnels. If you have multiple sales channels, you need to maintain everything in line. The final thing you would like is to face a penalty due to not paying attention to a minor thing.

TaxJar allows you to display your key metrics in one spot. That way, there’s no need to gather data in multiple channels and then organize it on a single platform. All you have to do is connect TaxJar, it will take care of the rest.

In addition, TaxJar also integrates with other platforms to assist with payments. Here’s a list highlighting the platforms they are able to integrate with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows customers to make sales tax filings by hand or using their AutoFile feature. In our review we’ll look into both.

If you decide to manually file your tax returns, TaxJar will allow you to connect all those sales tools. When it comes time to filing tax returns for income TaxJar will train you on how to handle these. It is up to you and your team to complete everything within the timeframe. TaxJar is only there to guide you on what you should do , but not to handle it.

If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. Through this feature, everything will be automated from calculating sales taxes in order to record and process it. However, there might be extra fees if not included in the plan you choose.

Sales Tax Reports

As we mentioned that you can utilize TaxJar to help you with your accounting woes. All orders made through your e-commerce channels can be compiled into a single dashboard through this platform. From there, you and your team will have access to everything you need, such as a list of your transactions, reports and data.

The most appealing aspect 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 collected and how much you’ve earned, but they also let you keep track of when the next payments are due.

The dashboard allows you to see the overall sales taxes in your business. Additionally, you can export the information in the form of a 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 helps organize and keep the track of all your sales channels. This means that you don’t have to search for your documents whenever you’re in a pinch. Even even if you already have an accounting firm, the feature can help them be more efficient.

Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds better. You’ll know exactly how much budget you have available for other operating expenses.

What’s more is that TaxJar offers training and tutorials, not just on their platform, but everything connected to sales tax. You can check out their guides, webinars, as well as their blog to find more details. Apart from that the sales tax calculator should be useful if you’re planning to take on the entire task yourself.

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How much does TaxJar cost?

We understand how important it is to set your budget. Some platforms provide amazing capabilities, but they’re often too costly for the business you run. That’s why for this section we’ll examine TaxJar’s pricing levels and the features that each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.

Starter

The Starter plan costs $19. The company claims that it’s the most effective plan for those who need assistance with filing requirements or reporting. It also includes sales tax reporting, 4 annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you can access their AI tax recommendations.

If you’re a smaller business owner, this plan could be ideal for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.

You can also contact the support team via their email support chart. You’ll also be able to use their integration capabilities.

Professional

If you’re looking for different from the basic features, then the Professional plan could be the one for you. It’s priced at $99 but it can go higher if you add custom features.

So how different is it from the starter plan?

In addition to accessing each of Starter plan’s features, you also get access to the support of their customer service via phone access to APIs, as well as sophisticated CSV import. You can also have 12 free AutoFiles each year.

Premium

If you own a huge enterprise, you may want to go for premium plans instead. It has all of the features you need to aid in your tax preparation. Additionally, they permit unlimited data import integrations as well as API integrationsfor team members and AutoFiles.

They also have a team that is devoted to managing your account. However, they don’t disclose the price of the Premium plan. will cost you. What Company Is TaxJar

But they did state that the plan is custom-made to each user. So the costs will vary depending on what you need to run your business.

Free Trial

Luckily, you don’t have to risk your money to see if this platform is for you. If you’re still considering various options, they provide 30 days of free trial. This should give you enough time to gauge if the platform is an excellent fit for you.

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Pros and Cons

Now that we’ve covered all you must be aware of TaxJar Let’s relax. To sum it all up we’ll go over the advantages and disadvantages of making use of TaxJar for your company.

Pros

  • Has the Tax Advisor option for some plans
  • AutoFile features save time
  • Available in most USA states
  • Offers an online sales tax calculator
  • Support Service Team
  • The dashboard is simple to navigate
  • It offers a free trial of 30 days.
  • It can 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 valid for USA customers.
  • Needs accountants and owners to recheck local legislations

The Final Verdict

With everything laid out TaxJar provides a fantastic platform to businesses with multiple sales channels and uses plenty of platforms. If that sounds like what you do, then you should try this.

It’s not just a way to assist you in keeping track of your revenue and products however, it will assist you in meeting your deadlines. It is also a great platform for an accountant since they have tax Advisor program. You can get tips and learn from their sessions on taxes by using it.

Using TaxJar can allow you to reduce time and keep track of every deadline or requirement you need to fulfill. If you’re living in an area with complex tax laws, this can definitely help you get your head around the subject. What Company Is TaxJar

However, if managing your taxes is straightforward and straightforward, then TaxJar could be a waste of expense. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. In addition, if you’re finding the entire procedure easy to complete then you’re better off doing it on your own.

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FAQ What Company Is TaxJar

What are the areas in which TaxJar provide API assistance?

TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.

Do I have the ability to incorporate Shopify with TaxJar?

Yes. You can connect your Shopify account to TaxJar to facilitate monitoring and updates.

Do I have the ability to convert every kind of currency with TaxJar?

Unfortunately, no. TaxJar doesn’t convert currencies. The transaction amounts are n US$. If you’re using a different currency, you will need to convert it into US$ before TaxJar can calculate your tax.

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