How To Set Up TaxJar To Not Collect For States Amazon Is Paying

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Taxes have always been among the hardest things to do regardless of whether you run your own business or not. Even more so if you do not have a degree in finance or accounting. Tax-related issues can be overwhelming, particularly when you’re packed with things to do. When you’re not able to afford enough money to hire an accountant, doing it on yourself can be dangerous. If you overlook one thing it could mean you have to do it all over again!

Nearly everyone would prefer to skipping this step. But since it’s required to be done, we can’t choose not to.

What is the best way to deal with it?

It is always possible to make life easier by using tools like TaxJar.

Here we’ll take a look at this well-known life-saving device and how it can benefit you. Although this is quite an extensive read but you’ll be able to determine if TaxJar is exactly what you need today.

Are you looking to watch videos instead? Check out this video – by Marcus Stonelius on YouTube they also provide a comprehensive analysis of TaxJar’s features.

For those who like to read, we’ll dive right into.

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What is TaxJar? How To Set Up TaxJar To Not Collect For States Amazon Is Paying

Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. Additionally, you can use it in all of your channels of sales to ensure compliance with sales taxes. It simplifies the processes that can take days to complete, and finish within minutes.

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

How can it help you?

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

How To Set Up TaxJar To Not Collect For States Amazon Is Paying

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Services and features

Integration

One of the first things you’ll need to make sure is that your accounting tax platform is compatible along with sales funnels. If you’re selling through multiple channels, you must ensure that everything is in order. The final thing you would like is to get a penalty for missing a single minor point.

TaxJar lets you display your most important data in one location. So, there’s no need to gather data from different channels and then organize it on a single platform. All you need to do is integrate TaxJar then the system will do the rest.

Other than that, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list highlighting the platforms they are able to integrate with:

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

Filing

TaxJar lets customers submit their sales tax either manually or via the AutoFile feature. For our review we’ll look at both.

If you choose to go it alone, TaxJar will allow you to connect all of the sales channels you use. When it comes time to filing tax returns for income, the team will instruct you on how to handle them. It is up to you and your team to finish the tax returns in time. TaxJar is only there to provide guidance on what you need to do , but not to handle it.

If you prefer an Auto file, TaxJar will do the filling – that means you won’t need to fill out all forms by hand. This feature will ensure that everything is automated, from calculating sales taxes in order to record and process it. But, it is possible to incur additional charges if they are not part of the plan you chose.

Sales Tax Reports

As mentioned earlier, you can use TaxJar to assist you with your accounting problems. The orders you place through your online channels can be put together into one dashboard using this platform. From there you and your staff will have access to everything you require, including an inventory of your transactions, reports, and the data.

The most appealing aspect of this option is the fact that it allows you to update your account automatically each day. Not only can they help to know the amount you’ve earned however, they can also help you determine when your next payment is due.

Their dashboard can also allow users to view in detail the total sales tax for your business. It is also possible to export the data to a CSV file, if you want to use it for your process of financial planning and accounting or if you require it for centralized reporting.

Training and Streamlining

TaxJar helps you organize and keep the track of all the sales avenues you use. This means that you don’t have to search for your documents when you need them when you’re in a pinch. Even if you already have your accountant, this feature will aid them in being more efficient.

Moreover, knowing the estimates for the sales tax you pay in advance will allow you to allocate your money more efficiently. You’ll know better how much budget you have available for other operational costs.

The best part is that TaxJar offers training and tutorials not only for their platform but everything related 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 take on the entire task yourself.

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How much does TaxJar cost?

We are aware of how important it is to establish your budget. Some platforms offer superb features, but they’re sometimes too costly for your business. That’s why for this section, we’ll look into TaxJar’s pricing tiers and what each of those options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.

Starter

Their Starter plan is priced at $19. They claim that it’s the best plan if you need help in filing and reporting. It includes taxes on sales and sales as well as four autofiles for free each year, and the option of a CSV import. Even with the basic plan, you have access to their AI tax advice.

If you’re a small business owner, this plan should be perfect for you. It might not include all the features of TaxJar however, it does include the essentials that you need.

In addition, you can reach their support team with their support chart for email. Additionally, you’ll have access to their integration features.

Professional

If you’re looking for different from the standard features and options, then the Professional plan may be the best option 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?

In addition to accessing every one of Starter plan’s features, you also have their support via phone, API access, and the ability to do advanced CSV import. You can also have 12 free AutoFiles each year.

Premium

If you run a large company, you may need to opt for the Premium plan instead. It comes with all the features needed to make your tax filing easier. Additionally, they permit unlimited import integrations of data API integrationsfor team users and AutoFiles.

There is also a team that is devoted for managing the account. However, they don’t disclose how much the Premium plan will cost you. How To Set Up TaxJar To Not Collect For States Amazon Is Paying

But they did state that the plan is custom-made for every user. Therefore, the cost will differ in line with what you require for your business.

Free Trial

Luckily, you don’t have to gamble your money just to see if this platform is right for you. If you’re still considering other options, they have the opportunity to try a free trial for 30 days. This should give you enough time to see if the platform is an excellent fit for you.

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Pros and Cons

Now that we’ve covered all you need to be aware of TaxJar let’s take a breather. In order to sum up the whole thing, here are the advantages and disadvantages of using TaxJar for your company.

Pros

  • There is a Tax Advisor option for some plans
  • AutoFile features to reduce time
  • Available in most USA states
  • Offers Taxes on sales online calculator
  • Support service team
  • The dashboard is simple to navigate
  • The company offers a 30-day trial for free.
  • It can be integrated with other platforms
  • You can track several sales channels

Cons

  • Limits for AutoFile are based on the plan
  • AutoFile has extra fees
  • Certain countries will not have access to the API feature
  • Only valid for USA customers.
  • Needs accountants and owners to recheck local legislations

The Final Verdict

With everything laid out, TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes plenty of platforms. If that’s what you do, then you ought to try this.

Not only can it help you track your products and revenue, but it can help you meet your deadlines. It’s also an excellent opportunity for accountants since they have tax Advisor program. You can find tips and learn from their sessions on taxes by using it.

Using TaxJar can help you save more time while keeping on top of each deadline and requirement you have to fulfill. If you live in an area with complex tax laws, this will surely help you wrap your head around it. How To Set Up TaxJar To Not Collect For States Amazon Is Paying

However, if managing taxes is easy, then TaxJar could be a waste of expense. If you only have one or two sales channels, TaxJar won’t be needed to keep track of everything. If you find the entire procedure easy to complete then you’re better to do it on your own.

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FAQ How To Set Up TaxJar To Not Collect For States Amazon Is Paying

What are the areas in which TaxJar provide API assistance?

TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.

Can I incorporate Shopify with TaxJar?

Yes. You can link your Shopify account with TaxJar to facilitate monitoring and updates.

Can I convert any type of currency using TaxJar?

Unfortunately, no. TaxJar cannot convert currency values. All transactions’ amounts are in US$. If you’re using a different currency, you’ll need to convert it into US$ prior to when TaxJar can calculate your tax.

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