Taxes are always one of the most difficult things to handle regardless of whether you run an enterprise or not. Even more so if you do not have a background in finance or accounting. Tax-related work aren’t easy, particularly when your whole day is full of things to be done. In the event that you do not have the funds to employ an accountant, doing it on your own could be dangerous. If you overlook one thing and you don’t know it, you may have to redo things again!
Most people want to skipping this step. But since it’s required to be done, we can’t choose not to.
So , what is the best way to deal with it?
We can simplify our lives by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can help you. Even though this is a long read but you’ll be able to assess whether TaxJar is exactly what you need right now.
Are you looking video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full analysis of TaxJar’s features.
But for those who prefer to read, then let’s dive right in.
What is TaxJar Why Is TaxJar Taxes Off
Founded in 2013, TaxJar is an application that automatizes your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Furthermore, you can utilize it across all your sales channels to ensure that you are in compliance with sales tax requirements. It simplifies the processes that can take days to complete, and is completed in just a few just a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by business owners who run online businesses to keep everything simple and organized. Let’s take a look at their features and services.
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Services and features
Integration
One of the first things you’ll want to check is your tax-reporting software perfectly integrates along with sales funnels. If you’re using multiple sales channels, it is essential to keep everything in place. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to display your most important data in one location. That way, there’s no need to gather data from different channels and organize it into a single platform. All you have to do is connect TaxJar and the platform will do the rest.
Apart from that, TaxJar also integrates with other platforms that can help with payments. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar lets customers file their sales taxes either manually or via their AutoFile feature. For our review we’ll take a look into both.
If you decide to do it manually, TaxJar will allow you to connect the sales channels you use. Once the time comes for the filing of income tax returns The team will guide you on managing these. However, it will be up to you and your team members to finish the tax returns in time. TaxJar is only there to guide you on what you have to do but not handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you won’t need to fill out all forms by hand. Through this feature, everything will be automated, from calculating sales tax to recording and processing them. There could be additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As mentioned earlier, you can use TaxJar to assist you with your accounting issues. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. Once you’re on the platform, you and your team can access everything you need, such as a list of your transactions, reports and data.
The most appealing aspect of this option is the fact that it allows you to automatically update every day. Not only can they help you keep track of how much you’ve accumulated however, they can also help you keep track of when the next payment is due.
Their dashboard can also allow you to see the total sales tax for your business. You can also export the information in a CSV file in case you require it for your accounting and financial planning processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar assists in organizing and keeping track of all of the sales avenues you use. It means you don’t need to hunt for your paperwork whenever you’re in the event of a need. Even if you already have your accountant, this function will help them be more efficient.
Additionally, knowing the figures for your sales tax ahead of time will help you plan your funds more effectively. You’ll know better how much budget you have to cover other operating expenses.
What’s more is that TaxJar provides training and tutorials and tutorials, not just for their platform but for anything that has to do with sales tax. You can check out their webinars, guides as well as their blog to find more information. In addition their sales tax calculator can 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 features, but they can be too costly for the business you run. For this reason, we’ll look into TaxJar’s pricing tiers and what each of these options can offer you. At present, TaxJar offers three plans: Starter, Professional, and Premium.
Starter
Their Starter plan starts at $19. They say it’s the most suitable plan for you for those who need assistance with filing requirements or reporting. It also includes taxes on sales and sales as well as 4 autofiles for free each year, and the option of a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller business proprietor, then this program could be perfect for you. It might not include all the features offered by TaxJar, but it has all the basics you require.
Additionally, you can contact their support team with their support chart for email. You’ll also be able to use their integration features.
Professional
If you’re looking for something different from the standard features, then the Professional plan might be the right one for you. The price starts at $99 but it can go higher if you add custom features.
So 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 run a large business, you might need to go for the Premium plan instead. It includes all of the features you need to make your tax filing easier. Moreover, they allow unlimited integrations with data imports, API integrationsfor team members, and AutoFiles.
They also have a staff that is devoted in managing your accounts. They don’t reveal the price of the Premium plan. will cost you. Why Is TaxJar Taxes Off
However, they did say that the plan is custom-made for each user. The cost of the plan will be different according to what you require for your company.
Free Trial
It’s a good thing that you don’t have to gamble your money just to see if this platform is right for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. This should give you enough time to see whether the software is a good fit for you.
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Pros and Cons
After we’ve gone over everything you must be aware of TaxJar Let’s relax. To summarize we’ll go over the pros and cons of the use of TaxJar for your company.
Pros
- Has a Tax Advisor option for some plans
- AutoFile features to reduce time
- Available in most USA states
- Offers Taxes on sales online calculator
- Support service team
- The dashboard is easy to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms
- You can track several sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only valid for USA customers
- Owners and accountants should review local laws
The Final Verdict
With everything laid out, TaxJar can be a great platform companies that have many sales channels and utilizes many platforms. If this sounds like the way you do, then you must try TaxJar.
It’s not just a way to help you track your revenue and products It can assist you in meeting your deadlines. This is also an excellent platform for an accountant since they offer tax Advisor program. There are tips to follow and gain knowledge from their workshops regarding taxes via it.
Utilizing TaxJar can allow you to get more done while keeping the track of each deadline and obligation you have to meet. If you live in an area with complex tax laws, this can definitely help you get your head around it. Why Is TaxJar Taxes Off
If handling your taxes is straightforward If it isn’t, then TaxJar might not be a good investment. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to keep track of all of it. If you’re finding the entire procedure simple to follow, you might be better off doing it on your own.
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FAQ Why Is TaxJar Taxes Off
Which areas does TaxJar offer API assistance?
TaxJar is currently assisting countries such as those of the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify into TaxJar?
Yes. You can sync your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every type of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transaction amounts are n USdollars. If you’re using a different currency, you will need to convert it to USdollars before TaxJar determines your tax.