Taxes are always one of the most difficult tasks to complete regardless of whether you’re running a business or not. Particularly if you don’t have a background in finance or accounting. Tax-related work can be overwhelming, particularly when your whole day is filled with tasks to complete. When you’re not able to afford the budget to hire an accountant, performing the task on yourself can be dangerous. If you overlook one thing it could mean you need to repeat the process!
Almost everyone wants to skipping this step. But since it’s required and mandatory, there’s no other choice.
What can we do about it?
We can make life easier by using tools like TaxJar.
We’ll look at this well-known life-saving device and how it can benefit you. While this is lengthy but you’ll be able to determine if TaxJar is exactly what you need right now.
Prefer to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also give a complete review of the features offered by TaxJar.
But for those who prefer to read, then let’s get right into it.
What exactly is TaxJar? Does TaxJar Integrate With Shopify Basic Commerce
The company was founded in 2013 TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It’s a solution for the entire life cycle. Furthermore, you can utilize it across all your sales channels to make sure you’re in compliance with your sales taxes. It streamlines processes that can take days to complete, and is completed in just a few just a few minutes.
TaxJar has been utilized in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.
How can it help you?
TaxJar is extensively used by owners of online businesses to make their business more neat and simple. Let’s explore the benefits and features of TaxJar.
Services and features
One of the first things you’ll need to ensure you have a tax accounting software is compatible with your sales channel. If you’re selling through multiple channels, you must maintain everything in line. The last thing you want is to be penalized for not paying attention to a minor thing.
TaxJar allows you to display your key metrics in one spot. 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 integrate TaxJar, it will do the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making 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 the purpose of this article, we’ll look into both.
If you decide to go it alone, TaxJar will allow you to connect all the sales channels you use. When the time is right for filing income tax returns, the team will instruct you on managing the tax returns. However, it will be up for you and your staff to complete the process in time. TaxJar is there to provide guidance on what you should accomplish, but not manage it.
If you’d prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit any forms manually. With this feature, everything will be automated from calculating sales taxes to recording and processing them. But, it is possible to incur extra fees if you do not include this feature in the plan you choose.
Sales Tax Reports
As mentioned earlier that you can utilize TaxJar to assist 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, such as an inventory of your transactions, reports and the data.
The greatest benefit of the feature you’ve chosen is it lets you to automatically update every day. Not only can they help to know the amount you’ve earned and how much you’ve earned, but they also let you determine when your 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 information to a CSV file, if you want to use it to aid in process of financial planning and accounting or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps organize and keep on top of all the channels you sell through. That means you won’t have to scramble for your documents whenever you’re in the event of a need. Even even if you already have an accountant, this feature can aid them in being more efficient.
Additionally, knowing the figures for your sales tax in advance will help you plan your money more efficiently. You’ll be aware of the budget you have for other operational expenses.
But what’s even better is that TaxJar offers training and tutorials, not just for their platform , but also everything connected to sales tax. Check out their webinars, guides and blog for more info. Additionally the sales tax calculator should be helpful if you’re planning on take on the entire task yourself.
How much does TaxJar cost?
We know how crucial it is to determine your budget. Some platforms provide amazing features, but they can be too costly for the business you run. That’s why for this section, we’ll look into TaxJar’s pricing levels and the features that each of these choices can provide you. Currently, TaxJar offers three plans including Professional, Starter and Premium.
The Starter plan costs $19. The company claims that it’s the best plan to help you with filing requirements or reporting. It also includes sales tax reporting, four free yearly AutoFiles, and an CSV import. With the starter plan, you have access to their AI tax tips.
If you’re a small business manager, the plan should be perfect for you. It may not have all the features of TaxJar however, it does include all the basics you require.
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 to get different from the basic features and options, then the Professional plan could be the one for you. It’s priced at $99 but it can go higher when you add additional features.
How different is it from the starter plan?
In addition to accessing all of the Starter plan’s options, you also have access to the support of their customer service via phone access to APIs, as well as sophisticated CSV import. They also allow you to have 12 free AutoFiles each year.
If you own a huge company, you may need to opt for the Premium plan instead. It includes all of the features that you require to make your tax filing easier. In addition, they offer unlimited data import integrations, API integrations, team users and AutoFiles.
There is also a team who are devoted in managing your accounts. However, they don’t disclose the price of the Premium plan. will cost you. Does TaxJar Integrate With Shopify Basic Commerce
But they did state that this plan is customized for every user. Therefore, the cost will differ according to what you require for your company.
It’s a good thing that you don’t have to bet your life on it to see if this platform is for you. If you’re still looking into other options, they have 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.
Pros and Pros and
After we’ve gone over everything you need to know about TaxJar Let’s relax. To sum it all up, here are the advantages and disadvantages of using TaxJar for your business.
- There is a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides Taxes on sales online calculator
- Support Service Team
- The dashboard is simple to navigate
- The company offers a 30-day trial for free.
- It is possible to integrate it with other platforms.
- It allows you to monitor multiple 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 recheck local legislations
The Final Verdict
With everything laid out TaxJar is an excellent platform for companies with many sales channels and utilizes many platforms. If this sounds like the way you do, then you ought to try this.
Not only can it help you track the sales and profits of your business It can also help you meet your deadlines. It is also a great opportunity for accountants since they provide a Tax Advisor program. There are tips to follow and learn from their sessions about taxes through it.
The use of TaxJar can allow you to save more time while keeping on top of each deadline and obligation you have to meet. If you live in a region with a lot of tax laws, this will surely help you wrap your head around it. Does TaxJar Integrate With Shopify Basic Commerce
If handling your taxes is straightforward If it isn’t, then TaxJar could be a waste of expense. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of all of it. Moreover, if you find the entire procedure simple to follow, you might be better in doing it all on your own.
FAQ Does TaxJar Integrate With Shopify Basic Commerce
Which areas does TaxJar offer API support?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can connect your Shopify account with TaxJar to facilitate monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar doesn’t convert currencies. All of the transactions’ amounts are in US$. If you’re using another currency, you’ll have to convert it to USUSD before TaxJar determines the tax.