Taxes have always been one of the most difficult tasks to complete, whether you’re running an enterprise or not. More so if you don’t have a degree in finance or accounting. Tax-related tasks can be overwhelming, especially when your whole day is packed with things to do. In the event that you do not have enough money to hire an accountant, doing it on your own could be dangerous. If you make a mistake, you might have to do it all over again!
Almost everyone wants to avoid this step. But since it’s required, we have no choice.
What is the best way to deal with it?
It is always possible to make life easier with tools such as TaxJar.
We’ll look at this popular life-saving tool and how it can help you. Although this is quite an extensive read, you should be able to determine if TaxJar is exactly what you need right now.
Prefer watching videos rather than watch them? Take a look at 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 we’ll dive right into.
What is TaxJar Shopify Integration With TaxJar
The company was founded in 2013 TaxJar is an application that automatizes your reports, filings, and sales tax calculation. It is a solution for all aspects of your sales tax cycle. In addition, you can apply it across all of your channels of sales to make sure you’re in compliance with your sales taxes. It streamlines processes that require days to complete and can be completed in a matter of only a few minutes.
TaxJar is used in different industries such as food and beverage companies, SaaS, retail, services, and even medical institutions.
How can it help you?
TaxJar is widely used by online business owners to make their business more organized and straightforward. Let’s explore the features and services offered by TaxJar.
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Features and services
Integration
One of the most important things you’ll need to ensure is your tax-reporting platform seamlessly works well in conjunction with the sales channels you use. If you’re using multiple sales channels, you need to ensure that everything is in order. The final thing you would like is to face a penalty due to overlooking just one minor detail.
TaxJar allows you to display your critical data in one location. So, there’s no requirement to collect information from multiple sources and then organize it on a single platform. All you need to do is integrate TaxJar then the system will do all the rest.
In addition, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list highlighting the platforms they can integrate with:
Filing
TaxJar lets customers submit their sales tax by hand or using TaxJar’s AutoFile feature. For the purpose of this article, we’ll dig at both.
If you choose to manually file your tax returns, TaxJar will allow you to connect those sales tools. When the time is right for the filing of income tax returns TaxJar will train you on how to handle them. It is up to you and your staff to complete the process within the timeframe. TaxJar is there to provide guidance on what you have to do , but not to handle it.
If you prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit the forms in a manual manner. Through this feature, everything will be automated from calculating sales taxes in order to record and process it. But, it is possible to incur additional costs if the feature is not part of the plan you select.
Sales Tax Reports
As we mentioned, you can use TaxJar to assist you with your accounting problems. All orders made through your e-commerce channels can be compiled into one dashboard using this platform. From there, you and your team can access everything you need, like a list of your transactions, reports and data.
The most appealing aspect of this option is the fact that it allows you to automatically update every day. Not only will they let to know the amount you’ve collected however, they can also help you determine when your next payment is due.
Their dashboard also allows you to fully view the overall sales taxes in your business. It is also possible to export your data in the form of a CSV file, if you want to use it in your financial planning and accounting processes or if your team needs it for central reporting.
Training and Streamlining
TaxJar helps you organize and keep track of all of the sales avenues you use. It means you don’t need to hunt for your paperwork when you’re in a pinch. Even even if you already have an accounting firm, the feature will make them 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 exactly how much budget you have for other operating expenses.
The best part is that TaxJar offers tutorials and training not only for their platform but all things connected to sales tax. You can check out their guides, webinars, and blog for more information. In addition the sales tax calculator can be helpful if you’re planning on take on the entire task yourself.
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How much does TaxJar cost?
We understand how important it is to establish your budget. Some platforms provide amazing features, but they’re sometimes too costly for your business. For this reason, we’ll look into TaxJar’s pricing structures and the features that each of these options can offer you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Starter
Their Starter plan is priced at $19. The company claims that it’s the most suitable plan for you if you need help with filing requirements and reporting. It comes with the tax on sales, 4 autofiles for free each year, and the option of a CSV import. Even with the starter plan, you will be able to access their AI tax recommendations.
If you’re a small business proprietor, then this program could be perfect for you. It might not include all the features of TaxJar but it comes with the essentials that you need.
In addition, you can reach their support team with their support chart for email. You’ll also have access to their integration features.
Professional
If you’re looking to get that is more than the basic features, then the Professional plan may be the best option for you. It starts at $99, however, it could go up if you add custom features.
What is the difference from the basic plan?
In addition to accessing every one of Starter plan’s features, you also have their support via phone Access to APIs, phone support, and advanced CSV import. You can also get 12 AutoFiles for free each year.
Premium
If you have a massive company, you may need to choose an upgrade instead. It comes with all the features you need to aid in your tax preparation. Additionally, they permit unlimited data import integrations Integrations with APIs, teams of users as well as AutoFiles.
There is also a team dedicated to managing your account. However, they don’t disclose how much the Premium plan is going to cost. Shopify Integration With TaxJar
But they did state that the plan is custom-made for each user. The cost of the plan will be different depending on what you need for your company.
Free Trial
Luckily, you don’t have to risk your money to determine if this service is the right one for you. If you’re still considering various options, they provide 30 days of free trial. This should be enough time to gauge if the platform is the right choice for you.
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Pros and Cons
After we’ve gone over everything you must know about TaxJar let’s take a break. To sum it all up, here are the pros and cons of the use of TaxJar for your company.
Pros
- Does the plan include the Tax Advisor option for some plans
- AutoFile features help save time
- Available in most USA states
- Offers Taxes on sales online calculator
- Has support service team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It can be integrated with other platforms
- Allows you to track multiple sales channels
Cons
- Limits for AutoFile are based on the plan
- AutoFile has extra fees
- Some countries won’t be able to access the API feature.
- Only valid for USA customers.
- Owners and accountants should review local laws
The Final Verdict
With everything clearly laid down, TaxJar is an excellent platform for businesses with numerous sales channels, and that utilizes numerous platforms. If that’s what you do, then you must try TaxJar.
Not only will it assist you in keeping track of your products and revenue It can assist you in meeting your deadlines. This is also an excellent platform for an accountant since they offer a Tax Advisor program. You can find tips and gain knowledge from their workshops on taxes by using it.
The use of TaxJar can help you get more done while keeping track of every deadline and obligation you have to meet. If you live in a region with a lot of tax regulations, this will certainly help you to get your head around the subject. Shopify Integration With TaxJar
But if handling your taxes is straightforward If it isn’t, then TaxJar may be an unnecessary expense. If you have only one or two channels for sales, TaxJar won’t be needed to keep track of everything. In addition, if you find the whole procedure easy to complete, you might be better to do it on your own.
> > Click Here to Start TaxJar for Free < <
FAQ Shopify Integration With TaxJar
What areas does TaxJar offer API support?
TaxJar is currently assisting countries such as those of 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.
Can I convert any kind of currency with TaxJar?
Unfortunately, no. TaxJar does not convert currencies. The transactions are in US$. If you’re using a different currency, you’ll have to convert it into USdollars prior to when TaxJar can calculate your tax.
