Taxes are always one of the most difficult things to handle, whether you’re running a business or not. Particularly if you don’t have a degree in accounting or finance. Tax-related tasks can be overwhelming, particularly when your whole day is filled with tasks to complete. In the event that you do not have enough money to employ an accountant, making it your own could be risky. If you overlook one thing it could mean you have to redo things again!
Nearly everyone would prefer to avoid this step. But since it’s required and mandatory, there’s no other choice.
So , what can we do ?
It is always possible to simplify our lives by using tools like TaxJar.
We’ll look at this life-saving device and how it can assist you. Even though this is a long read but you’ll be able to gauge whether TaxJar is exactly what you need today.
Prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
For those who like to read, then let’s get right into it.
What exactly is TaxJar? Which Is Better TaxJar Vs Avalara
In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it in all of the sales channels you use to ensure compliance with sales tax requirements. It simplifies the processes that take days to complete and finish within minutes.
TaxJar has been utilized in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is widely used by owners of online businesses to ensure that everything is neat and simple. Let’s look into the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to ensure you have a tax accounting system perfectly integrates along with sales funnels. If you’re selling through multiple channels, you must keep everything in place. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar lets you display your most important metrics in one place. This means that there is no need to gather data in multiple channels and sort it into one platform. All you need to do is connect TaxJar it will handle the rest.
Apart from that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms that they can connect with:
TaxJar lets customers make sales tax filings by hand or using TaxJar’s AutoFile feature. In our review we’ll dig at both.
If you decide to do it manually, TaxJar will allow you to connect all your sales platforms. When it comes time to filing income tax returns The team will guide you on managing them. It is up for you and your team members to complete everything within the timeframe. TaxJar is there to guide you on what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. This feature will ensure that everything will be automated, from calculating taxes on sales to recording and processing it. But, it is possible to incur additional costs if the feature is not included in the plan you select.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to ease your accounting woes. All orders made through your e-commerce channels can be put together into a single dashboard via this platform. Once you’re on the platform you and your team will have access to all the information you require, including a list of your transactions, reports, as well as data.
The greatest benefit of this option is the fact that they allow you to automatically update every day. Not only can they help you keep track of how much you’ve collected however, they can also help you determine when your next payments are due.
Their dashboard can also allow you to fully view the total sales tax in your business. Additionally, you can export the information to CSV format. CSV file if you need it in your process of financial planning and accounting or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all your sales channels. That means you won’t have to hunt for your paperwork whenever you’re in the event of a need. Even when you already have your accounting firm, the feature can help them be more efficient.
Moreover, knowing the estimates for the sales tax you pay in advance will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have for other operational expenses.
The best part is that TaxJar offers tutorials and training and tutorials, not just on their platform, but all things that has to do with sales tax. You can check out their webinars, guides, as well as their blog to find more details. In addition the sales tax calculator should be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We understand how important it is to set your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing levels and the features that each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. The company claims that it’s the best plan to help you with filing requirements or reporting. It includes taxes on sales and sales as well as four free yearly AutoFiles, 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 all the basics you require.
In addition, you can reach their customer support via their email support chart. Additionally, you’ll have access to their integration capabilities.
If you’re looking to get different from the standard features Professional could be the one for you. The price starts at $99 but it can go higher when you add additional features.
How different is it from the starter plan?
In addition to accessing all of the Starter plan’s features, you also have their phone customer support Access to APIs, phone support, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.
If you run a large enterprise, you may want to opt for the Premium plan instead. It has all of the features you need to make your tax filing easier. In addition, they offer unlimited data import integrations, Integrations with APIs, teams of users and AutoFiles.
They also have a staff that is devoted to managing your account. They don’t reveal how much the Premium plan is going to cost. Which Is Better TaxJar Vs Avalara
However, they did say that the plan is custom-made for every user. The cost of the plan will be different in line with what you require for your business.
It’s a good thing that you don’t have to risk your money to see if this platform is right for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. This should be enough time to see if the platform is the right choice for you.
Pros and Pros and
Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. To summarize we’ll go over the pros and cons of making use of TaxJar for your company.
- Does the plan include the Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides Taxes on sales online calculator.
- Support Service Team
- The dashboard is simple to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms.
- Allows you to track multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not 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 provides a fantastic platform to companies that have numerous sales channels, and that utilizes plenty of platforms. If that sounds like what you’re doing, then should try this.
Not only will it aid in tracking your revenue and products It can help you meet the deadlines you set. It is also a great platform for an accountant since they provide a Tax Advisor program. You can find tips and get knowledge from their seminars regarding taxes via it.
Utilizing TaxJar can allow you to get more done while keeping the track of each deadline and requirement you have to meet. If you live in an area with complex tax laws, this can surely help you wrap your mind around it. Which Is Better TaxJar Vs Avalara
However, if managing taxes is easy If it isn’t, then TaxJar might not be a good investment. If you have only one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you find the entire procedure easy to complete then you’re better off doing it by yourself.
FAQ Which Is Better TaxJar Vs Avalara
What areas does TaxJar offer API assistance?
TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify into TaxJar?
Yes. You can connect your Shopify account with TaxJar to make it easier to monitor and updates.
Can I convert any kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. The transaction amounts are n US$. If you’re using another currency, you’ll need to convert it into USdollars before TaxJar will calculate your tax.