Taxes are always one of the hardest things to do, whether you’re running an enterprise or not. Particularly if you don’t have a background in accounting or finance. Tax-related issues can be overwhelming, particularly when you’re filled with tasks to complete. When you’re not able to afford the funds to engage an accountant doing it on your own could be risky. If you overlook one thing it could mean you have to redo things again!
Nearly everyone would prefer to skip this step. However, since it’s mandatory and mandatory, there’s no other choice.
What is the best way to deal with it?
We can always simplify our lives by using tools like TaxJar.
We’ll look at this well-known life-saving tool and how it can benefit you. Even though this is an extensive read but you’ll be able to determine if TaxJar is the tool you require in the present.
Prefer to watch videos instead? Watch this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, then let’s dive right in.
What is TaxJar? Zoho Integrate With TaxJar
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. It’s a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it across all the sales channels you use to make sure you’re in compliance with your sales taxes. It simplifies the processes that take days to complete and is completed in just a few only a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services, and even medical institutions.
How can this help you?
TaxJar is extensively used by business owners who run online businesses to ensure that everything is neat and simple. Let’s look into their features and services.
Services and features
One of the first things you’ll need to ensure is your tax-reporting system is compatible with your sales channel. If you’re using multiple sales channels, you need to maintain everything in line. The final thing you would like is to get a penalty for not paying attention to a minor thing.
TaxJar allows you to display your most important metrics in one spot. This means that there is no need to gather data from different channels and then organize it on a single platform. All you have to do is connect TaxJar then the system will handle the rest.
In addition, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of the platforms that they can connect with:
TaxJar lets customers submit their sales tax either manually or via their AutoFile feature. In our review we’ll take a look into both.
If you opt to manually file your tax returns, TaxJar will allow you to connect all of those sales tools. Once the time comes for filing income tax returns TaxJar will train you on how to handle the tax returns. However, it will be up to you and your team to complete the process within the timeframe. TaxJar is there to provide guidance on what you should do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling, which means you don’t have to submit any forms manually. With this feature, everything is automated, from calculating taxes on sales to recording and processing them. However, there might be extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned, you can use TaxJar to ease your accounting woes. The orders you place through your online channels can be combined into a single dashboard via this platform. From there you and your staff will have access to all the information you require, including an inventory of your transactions, reports and the data.
The most appealing aspect of this feature is that they allow you to automatically update every day. Not only can they help to know the amount you’ve accumulated, but they also help you track when your following payment is due.
Their dashboard also allows you to see the overall sales taxes for your business. Additionally, you can export the information as the form of a CSV file, if you want to use it to aid in financial planning and accounting processes or if you require it to run centralized reports.
Streamlining and Training
TaxJar helps you organize and keep the track of all the channels you sell through. That means you won’t have to hunt for your paperwork whenever you’re when you’re in a pinch. Even if you already have your accounting firm, the feature will make them more efficient.
Additionally, knowing the figures for your sales tax ahead of time will allow you to allocate your funds better. You’ll be aware of the budget you have available for other operating expenses.
The best part is that TaxJar provides training and tutorials, not just for their platform but all things connected to sales tax. You can look through their guides, webinars, as well as their blog to find more information. In addition 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 set your budget. Certain platforms have amazing features, but they can be too costly for your business. For this reason, we’ll look into TaxJar’s pricing levels and what each of those choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
The Starter plan costs $19. The company claims that it’s the best plan for those who need assistance with filing requirements and reporting. It includes the tax on sales, 4 autofiles for free each year, and a CSV import. With the starter plan, you will be able to access their AI tax tips.
If you’re a smaller business manager, the plan will be perfect for you. It may not offer all of TaxJar’s features but it comes with the essentials that you need.
In addition, you can reach their support team with their support chart for email. You’ll also be able to use their integration features.
If you’re looking for a bit more than just the basics and options, then the Professional plan may be the best option for you. It starts at $99, but it can go higher if you add custom features.
So how different is it from the basic plan?
In addition to accessing every one of Starter plan’s features, you also get access to their phone customer support, API access, and sophisticated CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you run a large company, you may need to opt for an upgrade instead. It includes all of the features you need to help with your taxes. Moreover, they allow unlimited import integrations of data API integrationsfor team members as well as AutoFiles.
There is also a team that is devoted to managing your account. But, they don’t divulge the price of the Premium plan. will cost you. Zoho Integrate With TaxJar
However, they did mention that this plan is tailor-fit to each user. So the costs will vary depending on what you need for your business.
Fortunately, you don’t need to risk your money to determine if this service is the right one for you. If you’re still considering other options, they have 30 days of free trial. This should give you enough time to see whether the service is a good fit for you.
Pros and Pros and
We’ve covered everything you must be aware of TaxJar let’s take a break. In order to sum up the whole thing, here are the pros and cons of using TaxJar for your company.
- There is the Tax Advisor option for some plans
- AutoFile features save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Has 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 on AutoFile are determined by the plan
- AutoFile has extra fees
- Certain countries will not be able to access the API feature
- Only applicable for USA customers
- Needs accountants and owners to review local laws
The Final Verdict
With everything clearly laid out, TaxJar can be a great platform companies with many sales channels and utilizes plenty of platforms. If that sounds like what you do, then you should try this.
Not only will it help you track the sales and profits of your business It can help you meet the deadlines you set. It is also a great option for accountants as they have the Tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.
Using TaxJar can help you reduce time and keep on top of each deadline and obligation you have to meet. If you’re in an area with complex tax regulations, this will certainly help you to get your head around it. Zoho Integrate With TaxJar
However, if managing taxes is easy, then TaxJar may be an unnecessary expense. If you only have one or two channels of sales, TaxJar won’t be needed to track all of it. In addition, if you find the entire procedure easy to complete then you’re better to do it by yourself.
FAQ Zoho Integrate With TaxJar
What are the areas in which TaxJar provide API support?
TaxJar currently works with countries like the United States, the EU, Australia, and Canada.
Do I have the ability to connect Shopify into TaxJar?
Yes. You can link your Shopify account with TaxJar for easier monitoring and updates.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions are in US$. If you’re using another currency, you’ll need to convert it into USdollars before TaxJar can calculate your tax.