Taxes are always one of the most difficult tasks to complete, whether you’re running a business or not. Even more so if you do not have any experience in finance or accounting. Tax-related issues can be overwhelming, particularly when your whole day is full of things to be done. When you’re not able to afford enough money to hire an accountant, doing it on your own could be dangerous. If you make a mistake, you might have to redo things again!
Most people want to avoid this step. But , as it’s a requirement, we have no choice.
What can we do ?
We can always simplify our lives with tools such as TaxJar.
Here we’ll take a look at this popular life-saving tool and explain how it can assist you. Even though this is lengthy but you’ll be able to determine if TaxJar is exactly what you need today.
Are you looking video streaming instead? Watch 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 dive right in.
What is TaxJar Xero And TaxJar
In 2013, TaxJar was established. TaxJar is an online platform that assists you in automating your filings, reports, and sales tax calculation. It is a solution for the entire life cycle. In addition, you can apply it across all your channels of sales to ensure that you are in compliance with sales tax requirements. It simplifies the processes that require days to complete and is completed in just a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by online business owners to make their business more neat and simple. Let’s explore the features and services offered by TaxJar.
> > Click Here to Start TaxJar for Free < <
Services and features
Integration
One of the most important things you’ll want to check you have a tax accounting system seamlessly works well with your sales channel. If you’re selling through multiple channels, it is essential to maintain everything in line. The most important thing is not to be penalized for overlooking just one minor detail.
TaxJar allows you to show your critical metrics in one place. So, there’s no need to collect data in multiple channels and then organize it on a single platform. All you need to do is to integrate TaxJar, it will take care of the rest.
In addition, TaxJar also integrates with other platforms that can help with payment processing. Here’s a list highlighting the platforms they are able to integrate with:
Filing
TaxJar allows clients to file their sales taxes by hand or using TaxJar’s AutoFile feature. For our review we’ll take a look into both.
If you choose to go it alone, TaxJar will allow you to connect all your sales platforms. Once the time comes for the filing of income tax returns The team will guide you on how to manage these. But, it is up to you and your team members to complete the process on time. 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, which means you won’t need to fill out all forms by hand. This feature will ensure that everything is automated, from calculating sales taxes in order to record and process it. However, there might be additional costs if the feature is you do not include this feature in the plan you chose.
Sales Tax Reports
As I mentioned earlier it is possible to use TaxJar to help you with your accounting issues. All orders made through your e-commerce channels can be combined into one dashboard using this platform. Once you’re on the platform you and your staff will have access to everything you need, like the list of transactions, reports, as well as the data.
The greatest benefit of this feature is that they allow you to update your account automatically each day. They not only let to know the amount you’ve accumulated however, they can also help you track when your following payment is due.
The dashboard allows you to fully view the total sales tax in your business. Additionally, you can export the information in a CSV file in case you require it to aid in accounting and financial planning processes or if you require it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. This means that you don’t have to scramble for your documents whenever you’re in a pinch. Even if you already have your accountant, this 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 be aware of the budget you have for other operational costs.
But what’s even better is that TaxJar provides training and tutorials and tutorials, not just for their platform but all things related to sales tax. You can look through their webinars, guides, or blog posts for additional info. In addition their sales tax calculator can be helpful if you’re planning on do everything on your own.
> > Click Here to Start TaxJar for Free < <
How much does TaxJar cost?
We understand how important it is to establish your budget. Some platforms provide amazing capabilities, but they’re often too expensive for businesses. That’s why for this section we’ll examine TaxJar’s pricing tiers and what each of these plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan is priced at $19. They claim that it’s the best plan to help you with filing requirements or reporting. It includes the tax on sales, four annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you have access to their AI tax advice.
If you’re a small-scale company proprietor, then this program will be perfect for you. It may not have all of TaxJar’s features, but it has all the basics you require.
You can also contact their support team with their support chart for email. You’ll also have access to their integration tools.
Professional
If you’re looking for that is more than the basic features, then the Professional plan could be the one for you. It starts at $99, but you can increase it by adding custom features.
What is the difference from the basic 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 advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you have a massive business, you might need to opt for the Premium plan instead. It comes with all the features that you require to aid in your tax preparation. Additionally, they permit unlimited import integrations of data as well as API integrations, team users and AutoFiles.
They also have a team who are devoted in managing your accounts. But, they don’t divulge how much the Premium plan costs you. Xero And TaxJar
But they did state that this plan is customized for every user. The cost of the plan will be different according to what you require for your business.
Free Trial
Luckily, you don’t have to gamble your money just to find out if the platform is for you. If you’re still considering different options, they offer a 30-day free trial. It should give you enough time to see if the platform is an excellent fit for you.
> > Click Here to Start TaxJar for Free < <
Pros and Pros and
After we’ve gone over everything you need to be aware of TaxJar let’s take a break. To summarize, here are the advantages and disadvantages of making use of TaxJar to run your business.
Pros
- Has the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Provides an online sales tax calculator
- Has support service team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is able to be integrated with other platforms.
- Allows you to track multiple sales channels
Cons
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature
- Only applicable to USA customers.
- It is important for owners and accountants to review local laws
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies that have multiple sales channels and uses many platforms. If that sounds like what you do, then you should try this.
Not only can it aid in tracking the sales and profits of your business, but it can assist you in meeting the deadlines you set. This is also an excellent opportunity for accountants since they provide tax Advisor program. You can get tips and gain knowledge from their workshops regarding taxes via it.
The use of TaxJar can allow you to reduce time and keep the track of each deadline and obligation you have to fulfill. If you’re in a region with a lot of tax laws, this will certainly help you to get your mind around it. Xero And TaxJar
If handling your taxes is simple If it isn’t, then TaxJar may be an unnecessary expense. If you’re only dealing with one or two channels for sales, TaxJar won’t be needed to track everything. Moreover, if you’re finding the entire procedure easy to complete and you’re comfortable with it, you may be better off doing it by yourself.
> > Click Here to Start TaxJar for Free < <
FAQ Xero And TaxJar
What are the areas in which TaxJar provide API support?
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 sync your Shopify account to TaxJar for easier monitoring and updates.
Do I have the ability to convert every kind of currency with TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. The transaction amounts are n USdollars. If you’re using a different currency, you’ll have to convert it to US$ before TaxJar determines the tax.
