How Does TaxJar Work With Shopify

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Taxes have always been one of the hardest things to do regardless of whether you run a business or not. More so if you don’t have a background in accounting or finance. Tax-related issues can be overwhelming, especially when your whole day is filled with tasks to complete. If you don’t have enough money to hire an accountant, performing the task on your own could be dangerous. If you make a mistake and you don’t know it, you may have to do it all over again!

Most people want to skipping this step. However, since it’s mandatory, we have no choice.

So what can we do ?

We can always make life easier by using tools like TaxJar.

We’ll look at this life-saving tool and how it can benefit you. Although this is quite a long read, you should be able to determine if TaxJar is the tool you require today.

Do you prefer watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also provide a comprehensive review of the features offered by TaxJar.

But for those who prefer to read, we’ll dive right into.

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What is TaxJar? How Does TaxJar Work With Shopify

The company was founded in 2013 TaxJar is a platform that helps automate your reporting, filings and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Furthermore, you can utilize it in all of your sales channels to ensure that you are in compliance with sales taxes. It streamlines processes that take days to complete and can be completed in a matter of just a few minutes.

TaxJar has been used in a variety of industries, including food and beverage companies, SaaS, retail, services as well as medical institutions.

How can it help you?

TaxJar is widely used by owners of online businesses to ensure that everything is neat and simple. Let’s look into the features and services offered by TaxJar.

How Does TaxJar Work With Shopify

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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 platform perfectly integrates along with sales funnels. If you’re selling through multiple channels, it is essential to ensure that everything is in order. The most important thing is not to get a penalty for not paying attention to a minor thing.

TaxJar lets you display your critical data in one location. That way, there’s no requirement to collect information from multiple sources and organize it into 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 to assist with payment processing. Here’s a list of platforms that they can connect with:

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

Filing

TaxJar lets customers file their sales taxes by hand or using their AutoFile feature. For this review, we’ll take a look at both.

If you decide to do it manually, TaxJar will allow you to connect all your sales platforms. When the time is right for filing tax returns for income TaxJar will train you on how to manage the tax returns. But, it is up for you and your staff to complete the process within the timeframe. TaxJar is there to guide you on what you need to do but not handle it.

If you would prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. With this feature, everything is automated, from calculating sales taxes in order to record and process it. But, it is possible to incur additional costs if the feature is you do not include this feature in the plan you select.

Sales Tax Reports

As we mentioned 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 a single dashboard via this platform. Once you’re on the platform you and your team will have access to all the information you require, including a list of your transactions, reports, as well as information.

The best part about this option is the fact that it lets you to update automatically every day. Not only will they let you keep track of how much you’ve collected and how much you’ve earned, but they also let you determine when your next payment is due.

The dashboard allows you to see the overall sales taxes for your business. It is also possible to export your data as a CSV file if you need it to aid in financial planning and accounting processes or if you require it to run centralized reports.

Training and Streamlining

TaxJar helps you organize and keep track of all of the channels you sell through. This means that you don’t have to search for your documents whenever you’re in the event of a need. Even even if you already have an accounting firm, the feature can help them be more efficient.

Moreover, knowing the estimates for your sales tax in advance will allow you to allocate your funds more effectively. You’ll know exactly how much budget you have available for other operating expenses.

But what’s even better is that TaxJar offers training and tutorials and tutorials, not just on their platform, but everything that has to do with sales tax. You can look through their webinars, guides and blog for more details. Additionally their sales tax calculator is helpful if you’re planning on complete everything yourself.

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How much does TaxJar cost?

We understand how important it is to establish your budget. Certain platforms have amazing capabilities, but they’re often too costly for your business. For this reason, we’ll look into TaxJar’s pricing structures and what each of those options can offer you. Currently, TaxJar offers three plans that are: Professional, Starter and Premium.

Starter

Their Starter plan starts at $19. They say it’s the most suitable plan for you for those who need assistance with filing requirements and reporting. It includes the tax on sales, four annual AutoFiles for free, as well as the option of a CSV import. With the starter plan, you have access to their AI tax advice.

If you’re a small-scale business manager, the plan could be perfect for you. It may not have all the features of TaxJar however, it does include the basic features you require.

In addition, you can reach the support team via their email support chart. You’ll also have access to their integration features.

Professional

If you’re looking for something that is more than the basics and options, then the Professional plan could be the one for you. It starts at $99, but you can increase it when you add additional features.

So how different is it from the basic plan?

Apart from having access to every one of Starter plan’s options, you also have access to the support of their customer service via phone, API access, and the ability to do advanced CSV import. They also allow you to receive 12 free AutoFiles every year.

Premium

If you own a huge enterprise, you may want to opt for an upgrade instead. It comes with all the features that you require to aid in your tax preparation. Moreover, they allow unlimited import integrations of data Integrations with APIs, teams of users as well as AutoFiles.

They also have a staff dedicated to managing your account. However, they don’t disclose the price of the Premium plan. is going to cost. How Does TaxJar Work With Shopify

But they did state that this plan is customized for each user. So the costs will vary in line with what you require for your company.

Free Trial

Luckily, you don’t have to gamble your money just to find out if the platform is right for you. If you’re still considering other options, they have a 30-day free trial. This should be enough time to determine whether the software is a good fit for you.

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Pros and Pros and

Now that we’ve covered all you should be aware of TaxJar let’s take a break. To sum it all up, here are the pros and cons of the use of TaxJar to run your business.

Pros

  • Has a Tax Advisor option for some plans
  • AutoFile features to reduce time
  • Available in most USA states
  • Provides on the internet for sales tax calculator
  • Has support service team
  • The dashboard is easy to navigate
  • The company offers a 30-day trial for free.
  • It is able to be integrated 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 have access to the API feature
  • Only applicable to USA customers.
  • It is important for owners and accountants to recheck local legislations

The Final Verdict

With everything laid down, TaxJar can be a great platform companies with numerous sales channels, and that utilizes numerous platforms. If this sounds like the way you do, then you must try TaxJar.

Not only can it aid in tracking the sales and profits of your business, but it can also help you meet the deadlines you set. It is also a great option for accountants as they have tax Advisor program. You can get tips and gain knowledge from their workshops about taxes through it.

Utilizing TaxJar will help you get more done while keeping on top of each deadline and requirement you have to meet. If you’re in a region with a lot of tax laws, this will definitely help you get your head around the subject. How Does TaxJar Work With Shopify

However, if managing your taxes is simple, 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 keep track of all of it. Moreover, if you find the entire process easy to do, you might be better in doing it all on your own.

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FAQ How Does TaxJar Work With Shopify

What areas does TaxJar offer API support?

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

Can I 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 type of currency using TaxJar?

Unfortunately, no. TaxJar does not convert currencies. All transactions’ amounts are in USdollars. If you’re using another currency, you’ll need to convert it to USUSD before TaxJar will calculate your tax.

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