Taxes are always one of the hardest things to do regardless of whether you run a business or not. Even more so if you do not have a degree in finance or accounting. Tax-related tasks can be overwhelming, particularly when your whole day is filled with tasks to complete. In the event that you do not have the funds to engage an accountant performing the task on your own can be risky. If you make a mistake, you might have to do it all over again!
Most people want to skip this step. However, since it’s mandatory and mandatory, there’s no other choice.
So what can we do about it?
We can always make our lives easier with tools such as TaxJar.
We’ll look at this popular life-saving device and how it can benefit you. Although this is quite lengthy it is possible to gauge whether TaxJar is exactly what you need today.
Are you looking to watch videos instead? Take a look at this video by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
But for those who prefer to read, we’ll dive right into.
What is TaxJar Can TaxJar Integrate With Shopify
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculation. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it in all of the sales channels you use to ensure that you are in compliance with your sales taxes. It simplifies the processes that require days to complete and can be completed in a matter of minutes.
TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can this 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.
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Services and features
Integration
One of the most important things you’ll need to make sure is that your accounting tax system perfectly integrates with your sales channel. If you’re selling through multiple channels, you need to keep everything in place. The most important thing is not to get a penalty for missing a single minor point.
TaxJar allows you to show your most important metrics in one place. So, there’s no need to collect data in multiple channels and organize it into one platform. All you need to do is integrate TaxJar, it will take care of the rest.
Other than that, TaxJar also integrates with other platforms that can help in the process of making payments. Here’s a list of the platforms they are able to integrate with:
Filing
TaxJar allows clients to file their sales taxes either manually or via their AutoFile feature. In the purpose of this article, we’ll look at both.
If you choose to go it alone, TaxJar will allow you to connect the sales channels you use. When it comes time to filing income tax returns The team will guide you on how to handle the tax returns. It is up to you and your team members to complete the process on time. TaxJar will only help you understand what you need to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. With this feature, everything will be automated from calculating sales tax through recording, and then processing it. There could be extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to ease your accounting problems. 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 team can access everything you need, such as a list of your transactions, reports and information.
The greatest benefit of the feature you’ve chosen is it allows you to update automatically every day. Not only will they let you know how much you’ve accumulated and how much you’ve earned, but they also let you keep track of when the next payments are due.
The dashboard allows users to view in detail the total sales tax in your business. You can also export your data to the form of a CSV file if you need it to aid in financial planning and accounting processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep track of all of the sales avenues you use. This means that you don’t have to search for your documents whenever you’re when you’re in a pinch. Even when you already have your accounting firm, the feature can aid them in being more efficient.
Furthermore, knowing the estimated amount for your sales tax in advance will allow you to allocate your money more efficiently. You’ll know better how much budget you have to cover other operational costs.
The best part is that TaxJar offers training and tutorials, not just on their platform, but everything connected to sales tax. You can look through their webinars, guides, and blog for more info. Apart from that, their sales tax calculator is useful if you’re planning to complete everything yourself.
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How much does TaxJar cost?
We know how crucial it is to set your budget. Some platforms offer superb capabilities, but they’re often too costly for your business. This is why in this section, we’ll look into TaxJar’s pricing structures and what each of these plans can offer. Presently, TaxJar offers three plans including Professional, Starter and Premium.
Starter
The Starter plan starts at $19. They claim that it’s the most effective plan if you need help in filing and reporting. It includes taxes on sales and sales as well as 4 free yearly AutoFiles, and the option of a CSV import. Even with the starter plan, you will be able to access their AI tax tips.
If you’re a small-scale company proprietor, then this program will be perfect for you. It may not have all the features offered by TaxJar but it comes with the essentials that you need.
You can also contact their customer support via their support chart for email. You’ll also be able to use their integration capabilities.
Professional
If you’re looking for different from the basic features, then the Professional plan may be the best option for you. The price starts at $99 however, it could go up if you add custom features.
So how different is it from the basic plan?
In addition to having access to each of Starter plan’s options, you also have access to the support of their customer service via phone access to APIs, as well as advanced CSV import. You can also receive 12 free AutoFiles every year.
Premium
If you own a huge business, you might need to choose the Premium plan instead. It comes with all the features you need to help with your taxes. Additionally, they permit unlimited import integrations of data as well as API integrations, team users as well as AutoFiles.
They also have a team who are devoted to managing your account. They don’t reveal how much the Premium plan is going to cost. Can TaxJar Integrate With Shopify
However, they did say that this plan is customized for every user. The cost of the plan will be different in line with what you require to run your business.
Free Trial
It’s a good thing that 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 the opportunity to try a free trial for 30 days. This should give you enough time to see if the platform is a good fit for you.
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Pros and Cons
After we’ve gone over everything you should 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.
Pros
- Does the plan include a 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 easy to navigate
- It offers a free trial of 30 days.
- It is possible to integrate it with other platforms.
- You can track several sales channels
Cons
- 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 check local legislation
The Final Verdict
With everything laid down, TaxJar can be a great platform companies with multiple sales channels and uses numerous platforms. If this sounds like the way you’re doing, then you must try TaxJar.
Not only will it aid in tracking the sales and profits of your business, but it can also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they offer a Tax Advisor program. You can get tips and gain knowledge from their workshops on taxes by using it.
The use of TaxJar will help you get more done while keeping track of every deadline or requirement you need to meet. If you live in an area with complex tax regulations, this will certainly help you to get your head around the subject. Can TaxJar Integrate With Shopify
However, if managing your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary investment. If you only have one or two channels of sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you’re finding the entire procedure simple to follow and you’re comfortable with it, you may be better in doing it all by yourself.
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FAQ Can TaxJar Integrate With Shopify
Which areas does TaxJar offer API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Do I have the ability to incorporate Shopify together with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Do I have the ability to convert every type 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 to US$ prior to when TaxJar will calculate the tax.
