Do I Need TaxJar As An Amazon Seller

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Taxes are always one of the most difficult things to handle regardless of whether you’re running an enterprise or not. Even more so if you do not have any experience in finance or accounting. Tax-related issues aren’t easy, particularly when you’re filled with tasks to complete. In the event that you do not have the funds to employ an accountant, doing it on your own can be dangerous. If you make a mistake, you might have to redo things again!

Almost everyone wants to avoid this step. But , as it’s a requirement and mandatory, there’s no other choice.

What is the best way to deal with it?

It is always possible to simplify our lives by using tools like TaxJar.

Here we’ll take a look at this popular life-saving tool and explain how it can help you. Even though this is a long read it is possible to gauge whether TaxJar is exactly what you need right now.

Are you looking video streaming instead? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.

If you prefer to read, then let’s dive right in.

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What is TaxJar? Do I Need TaxJar As An Amazon Seller

In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it in all of your sales channels to make sure you’re in compliance with sales tax requirements. It streamlines processes that can take days to complete, and is completed in just a few only a few minutes.

TaxJar has been used in various industries like food and beverage businesses, SaaS, retail, services and even medical establishments.

How can it help you?

TaxJar is extensively used by owners of online businesses to keep everything simple and organized. Let’s look into their features and services.

Do I Need TaxJar As An Amazon Seller

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Services and features

Integration

One of the most important things you’ll need to ensure you have a tax accounting platform is compatible along with sales funnels. If you have multiple sales 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 critical data in one location. So, there’s no need to gather information from multiple sources and sort it into a single platform. All you have to do is to integrate TaxJar, then the system will take care of the rest.

Other than that, TaxJar also integrates with other platforms that help with payments. Here’s a list highlighting the platforms that they can connect with:

  • Xero
  • Amazon
  • Magento
  • BigCommerce
  • Shopify
  • Walmart
  • eBay
  • WooCommerce
  • Square
  • Etsy
  • Stripe
  • PayPal

Filing

TaxJar allows clients to file their sales taxes manually or through the AutoFile feature. For this review, we’ll look at both.

If you opt to manually file your tax returns, TaxJar will allow you to connect all of the sales channels you use. Once the time comes for filing tax returns for income, the team will instruct you on managing these. However, it will be up to you and your staff to finish the tax returns on time. TaxJar will only 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 don’t have to submit any forms manually. This feature will ensure that everything will be automated, from calculating sales tax in order to record and process them. There could be additional charges if they are not part of the plan you select.

Sales Tax Reports

As mentioned earlier it is possible to use TaxJar to ease your accounting woes. The orders you place through your online channels can be compiled into one dashboard using this platform. From there you and your team will have access to everything you need, like a list of your transactions, reports, as well as the data.

The best part about the feature you’ve chosen is they allow you to update your account automatically each 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 payments are due.

Their dashboard also allows users to view in detail the sales tax totals within your company. You can also export the data as the form of a CSV file in case you require it for your accounting and financial planning processes or if you require it to run centralized reports.

Streamlining and Training

TaxJar helps you organize and keep track of all of your sales channels. This means that you don’t have to scramble for your documents whenever you’re when you’re in a pinch. Even if you already have your accounting firm, the feature can make them more efficient.

Moreover, knowing the estimates for the sales tax you pay in advance will help you plan your funds better. You’ll be aware of the budget you have for other operating expenses.

What’s more is that TaxJar provides training and tutorials and tutorials, not just for their platform , but also for anything that has to do with sales tax. You can check out their webinars, guides as well as their blog to find more info. Additionally, their sales tax calculator is useful if you’re planning to complete everything yourself.

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How much does TaxJar cost?

We understand how important it is to determine your budget. Certain platforms have amazing features, but they’re sometimes too costly for the business you run. For this reason we’ll examine TaxJar’s pricing structures and what each of those choices can provide you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.

Starter

Their Starter plan is priced at $19. They say it’s the most effective plan for those who need assistance with filing requirements or reporting. It comes with the tax on sales, four free yearly AutoFiles, and a CSV import. With the starter plan, you have access to their AI tax tips.

If you’re a small-scale company proprietor, then this program could be ideal for you. It may not offer all the features offered by TaxJar but it comes with the basic features you require.

Additionally, you can contact their support team with their support chart for email. You’ll also be able to use their integration tools.

Professional

If you’re looking to get different from the standard features and options, then the Professional plan could be the one for you. It’s priced at $99 however, it could go up if you add custom features.

What is the difference from the basic plan?

In addition to having access to each of Starter plan’s options, you also have access to their phone customer support access to APIs, as well as advanced CSV import. They also allow you to receive 12 free AutoFiles every year.

Premium

If you have a massive enterprise, you may want to choose an upgrade instead. It comes with all the features that you require to aid in your tax preparation. In addition, they offer unlimited data import integrations as well as API integrations, team users as well as AutoFiles.

They also have a staff dedicated to managing your account. They don’t reveal the price of the Premium plan. is going to cost. Do I Need TaxJar As An Amazon Seller

But they did state that this plan is tailor-fit for each user. The cost of the plan will be different depending on what you need for your company.

Free Trial

It’s a good thing that you don’t have to risk your money to see if this platform is right for you. If you’re still looking into different options, they offer the opportunity to try a free trial for 30 days. It should give you enough time to determine whether the software is an excellent fit for you.

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Pros and Pros and

After we’ve gone over everything you need to be aware of TaxJar let’s take a break. To sum it all up, here are the advantages and disadvantages of making use of TaxJar for your business.

Pros

  • There is a Tax Advisor option for some plans
  • AutoFile features save time
  • Available in most USA states
  • Provides an online sales tax calculator
  • Support service team
  • The dashboard is simple 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

  • AutoFile limit is based on the plan
  • AutoFile has extra fees
  • Some countries won’t have access to the API feature.
  • Only valid for USA customers.
  • It is important for owners and accountants to review local laws

The Final Verdict

With everything laid down, TaxJar is an excellent platform for companies that have numerous sales channels, and that utilizes many platforms. If that’s what you’re doing, then you should try this.

It’s not just a way to aid in tracking your revenue and products It can assist you in meeting your deadlines. It’s also an excellent opportunity for accountants since they have the Tax Advisor program. There are tips to follow and learn from their sessions regarding taxes via it.

The use of TaxJar can help you get more done while keeping track of every deadline or requirement you need to fulfill. If you live in a region with a lot of tax laws, this can certainly help you to get your head around it. Do I Need TaxJar As An Amazon Seller

However, if managing taxes is easy, 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 keep track of everything. In addition, if you’re finding the entire process easy to do then you’re better to do it by yourself.

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FAQ Do I Need TaxJar As An Amazon Seller

Which areas does TaxJar provide API assistance?

TaxJar currently works with countries like Australia, the United States, the EU, Australia, and Canada.

Can I integrate 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 with TaxJar?

Unfortunately, no. TaxJar cannot convert currencies. The transaction amounts are n USdollars. If you’re using a different currency, you will need to convert it into US$ before TaxJar will calculate the tax.

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