Taxes have always been among the hardest things to do, whether you’re running a business or not. More so if you don’t have a background in finance or accounting. Tax-related issues aren’t easy, particularly when you’re packed with things to do. When you’re not able to afford enough money to engage an accountant performing the task on your own can be dangerous. If you overlook one thing, you might have to redo things again!
Nearly everyone would prefer to skip this step. However, since it’s mandatory to be done, we can’t choose not to.
So what can we do about it?
We can always make our lives easier by using tools like TaxJar.
We’ll look at this well-known life-saving device and how it can assist you. Although this is quite lengthy but you’ll be able to gauge whether TaxJar is what you need in the present.
Do you prefer 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.
If you prefer to read, let’s get right into it.
What is TaxJar? Wholesale Tax Exempt TaxJar Orders
In 2013, TaxJar was established. TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It is a solution for the entire life cycle. Additionally, you can use it across all of your channels of sales to ensure compliance with sales tax requirements. It makes the process simpler that could take days to complete and is completed in just a few only a few minutes.
TaxJar has been used in a variety of industries, including food and beverage businesses, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is extensively used by online business owners to ensure that everything is organized and straightforward. Let’s look into the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to make sure is your tax-reporting system perfectly integrates in conjunction with the sales channels you use. If you’re using multiple sales channels, you need to keep everything in place. The most important thing is not to get a penalty for not paying attention to a minor thing.
TaxJar lets you display your key metrics in one place. That way, there’s no requirement to collect data from different channels and then organize it on one platform. All you need to do is connect TaxJar, and the platform will take care of all the rest.
Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of the platforms they are able to integrate with:
TaxJar lets customers file their sales taxes manually or through the AutoFile feature. For this review, we’ll look into both.
If you decide to go it alone, TaxJar will allow you to connect all of your sales platforms. Once the time comes for the filing of income tax returns, the team will instruct you on how to handle these. It is up for you and your team to complete everything on time. TaxJar is there to guide you on what you have to accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to fill out the forms in a manual manner. This feature will ensure that everything will be automated from calculating taxes on sales to recording and processing them. However, there might be additional charges if they are not part of the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to help you with your accounting problems. All orders made through your e-commerce channels can be combined into a single dashboard through this platform. From there you and your team will have access to everything you need, like a list of your transactions, reports, as well as information.
The best part about this option is the fact that it allows you to automatically update every day. Not only will they let you know how much you’ve collected and how much you’ve earned, but they also let you track when your following payment is due.
The dashboard allows users to view in detail the overall sales taxes in your business. Additionally, you can export the data as the form of a CSV file, if you want to use it for your process of financial planning and accounting or if your team requires it for central reporting.
Training and Streamlining
TaxJar helps organize and keep track of all of the sales avenues you use. This means that you don’t have to search for your documents when you need them in the event of a need. Even when you already have your accountant, this feature can aid them in being more efficient.
Additionally, knowing the figures for the sales tax you pay in advance can help you allocate your funds better. You’ll be aware of the budget you have available for other operating costs.
What’s more is that TaxJar offers tutorials and training and tutorials, not just on their platform, but for anything that has to do with sales tax. You can check out their webinars, guides, and blog for more information. Apart from that the sales tax calculator is helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We understand how important it is to determine your budget. Some platforms offer superb capabilities, but they’re often too costly for the business you run. This is why in this section, we’ll look into TaxJar’s pricing structures and what each of these options can offer you. At present, TaxJar offers three plans including Professional, Starter and Premium.
Their Starter plan is priced at $19. They claim that it’s the most suitable plan for you to help you with filing requirements and reporting. It includes the tax on sales, four free yearly AutoFiles, and an CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small company manager, the plan could be ideal for you. It may not offer all of TaxJar’s features, but it has all the basics you require.
You can also contact the support team via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for something a bit more than just the standard features Professional might be the right one for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the original plan?
In addition to having access to each of Starter plan’s features, you also have their support via phone, API access, and advanced CSV import. You can also get 12 AutoFiles for free each year.
If you have a massive enterprise, you may want to choose an upgrade instead. It has all of the features that you require to aid in your tax preparation. Moreover, they allow unlimited integrations with data imports, API integrations, team users as well as AutoFiles.
They also have a team dedicated to managing your account. However, they don’t disclose the price of the Premium plan. is going to cost. Wholesale Tax Exempt TaxJar Orders
However, they did say that the plan is custom-made for each user. Therefore, the cost will differ in line with what you require for your company.
Fortunately, you don’t need to risk your money to determine if this service is for you. If you’re still looking into different options, they offer 30 days of free trial. This should be enough time to see if the platform is the right choice for you.
Pros and Cons
After we’ve gone over everything you need to know about TaxJar let’s take a breather. In order to sum up the whole thing, here are the pros and cons of using TaxJar to run your business.
- There is the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is simple to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- It allows you to monitor multiple sales channels
- Limits on AutoFile are determined by the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only valid for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything laid down, TaxJar provides a fantastic platform to companies with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you’re doing, then you should try this.
Not only will it help you track your revenue and products It can assist you in meeting the deadlines you set. It’s also an excellent option for accountants as they offer tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to meet. If you’re living in a place with complicated tax laws, this will surely help you wrap your head around it. Wholesale Tax Exempt TaxJar Orders
However, if managing taxes is easy, then TaxJar might not be a good expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track everything. If you’re finding the entire procedure simple to follow, you might be better in doing it all by yourself.
FAQ Wholesale Tax Exempt TaxJar Orders
What are the areas in which TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can connect your Shopify account to TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All transactions are in USdollars. If you’re using a different currency, you’ll have to convert it to USUSD prior to when TaxJar determines your tax.