Taxes have always been one of the most difficult tasks to complete regardless of whether you run your own business or not. Particularly if you don’t have a background in accounting or finance. Tax-related work can be overwhelming, especially when you’re filled with tasks to complete. If you don’t have enough money to employ an accountant, performing the task on yourself can be dangerous. If you miss one detail, you might need to repeat the process!
Almost everyone wants to skipping this step. But , as it’s a requirement to be done, we can’t choose not to.
So , what can we do ?
We can always make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can help you. While this is an extensive read, you should be able to determine if TaxJar is the tool you require today.
Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What is TaxJar Work At Home 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 all aspects of your sales tax cycle. In addition, you can apply it in all of your channels of sales to make sure you’re in compliance with sales taxes. It streamlines processes that require days to complete and is completed in just a few just a few minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services as well as medical institutions.
How can this help you?
TaxJar is extensively used by owners of online businesses to make their business more organized and straightforward. Let’s take a look at the features and services offered by TaxJar.
Features and services
One of the most important things you’ll need to ensure is your tax-reporting software perfectly integrates with your sales channel. If you’re selling through multiple channels, it is essential to keep everything in place. The final thing you would like is to be penalized for overlooking just one minor detail.
TaxJar allows you to display your key metrics in one spot. That way, there’s no need to collect information from multiple sources and organize it into a single platform. All you need to do is integrate TaxJar, and the platform will handle the rest.
Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list of the platforms they are able to integrate with:
TaxJar lets customers submit their sales tax by hand or using TaxJar’s AutoFile feature. For our review we’ll dig into both.
If you choose to do it manually, TaxJar will allow you to connect all of the sales channels you use. When it comes time to filing tax returns for income, the team will instruct you on how to manage these. It is up to you and your staff to complete everything in time. TaxJar is there to provide guidance on what you should do but not handle it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you won’t need to fill out any forms manually. With this feature, everything will be automated, from calculating sales taxes to recording and processing it. However, there might be additional charges if they are you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned that you can utilize TaxJar to ease your accounting woes. Your orders from your e-commerce channels can be compiled into a single dashboard via this platform. From there you and your team will have access to everything you need, such as an inventory of your transactions, reports, as well as data.
The most appealing aspect of this feature is that it lets you to update automatically every day. Not only will they let you keep track of how much you’ve earned and how much you’ve earned, but they also let you track when your following payments are due.
The dashboard allows you to fully view the overall sales taxes in your business. You can also export your data in CSV format. CSV file in case you require it to aid in accounting and financial planning processes or if you require it to run centralized reports.
Training and Streamlining
TaxJar assists in organizing and keeping on top of all the channels you sell through. It means you don’t need to scramble for your documents whenever you’re when you’re in a pinch. Even when you already have your accountant, this feature can help them be more efficient.
Moreover, knowing the estimates for your sales tax ahead of time will help you plan your funds better. You’ll know better how much budget you have available for other operational costs.
The best part is that TaxJar provides training and tutorials not only for their platform but for anything connected to sales tax. Check out their webinars, guides, and blog for more information. In addition, their sales tax calculator should be helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. That’s why for this section we’ll take a look at TaxJar’s pricing structures and what each of these options can offer you. At present, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. They say it’s the most suitable plan for you for those who need assistance with filing requirements and reporting. It comes with taxes on sales and sales as well as four annual AutoFiles for free, as well as a CSV import. Even with the starter plan, you can access their AI tax advice.
If you’re a smaller company manager, the plan could be ideal for you. It may not offer all the features offered by TaxJar however, it does include all the basics you require.
In addition, you can reach the support team via their support chart for email. You’ll also be able to use their integration features.
If you’re looking for something different from the basic features and options, then the Professional plan might be the right one for you. It starts at $99, but you can increase it if you add custom features.
How different is it from the basic plan?
Apart from having access to all of the Starter plan’s options, you also have access to their support via phone, API access, and sophisticated CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you run a large business, you might need to go for an upgrade instead. It includes all of the features needed to aid in your tax preparation. In addition, they offer unlimited integrations with data imports, API integrations, team users, and AutoFiles.
They also have a staff dedicated to managing your account. However, they don’t disclose the amount that the Premium plan costs you. Work At Home TaxJar
But they did state that this plan is customized to each user. The cost of the plan will be different depending on what you need for your company.
Fortunately, you don’t need to gamble your money just to find out if the platform is for you. If you’re still considering different options, they offer the opportunity to try a free trial for 30 days. This should be enough time to gauge if the platform is an excellent fit for you.
Pros and Pros and
Now that we’ve covered all you must know about TaxJar let’s take a break. To summarize, here are the advantages and disadvantages of using TaxJar for your company.
- Has the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides on the internet for sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- You can track several sales channels
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only applicable to USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything laid out, TaxJar provides a fantastic platform to businesses with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you do, then you must try TaxJar.
Not only can it assist you in keeping track of the sales and profits of your business however, it will help you meet the deadlines you set. This is also an excellent option for accountants as they have tax Advisor program. You can get tips and learn from their sessions on taxes by using it.
The use of TaxJar will help you save more time while keeping track of every deadline and obligation you have to meet. If you live in an area with complex tax laws, this will definitely help you get your head around it. Work At Home TaxJar
But if handling your taxes is straightforward and straightforward, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels of sales, TaxJar won’t be needed to track everything. Moreover, if you find the entire procedure simple to follow and you’re comfortable with it, you may be better in doing it all on your own.
FAQ Work At Home TaxJar
What are the areas in which TaxJar offer API support?
TaxJar currently supports countries like Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Are there any ways to exchange one kind of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currency values. All transactions are in US$. If you’re using another currency, you will need to convert it to USdollars before TaxJar determines your tax.