TaxJar Amazon Sales Tax Guide

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Taxes have always been among the most difficult things to handle regardless of whether you run a business or not. More so if you don’t have a background in accounting or finance. Tax-related work aren’t easy, particularly when you’re full of things to be done. In the event that you do not have the funds to employ an accountant, making it your own could be risky. If you make a mistake it could mean you have to do it all over again!

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

So what is the best way to deal with it?

It is always possible to simplify our lives with tools such as TaxJar.

This article will take a look at this life-saving tool and explain how it can assist you. Although this is quite lengthy, you should be able to gauge whether TaxJar is what you need in the present.

Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.

For those who like to read, then let’s dive right in.

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What is TaxJar? TaxJar Amazon Sales Tax Guide

In 2013, TaxJar was established. TaxJar is a platform that helps automate your reports, filings, and sales tax calculation. It’s a solution for the entire life cycle. Furthermore, you can utilize it across all of the sales channels you use to ensure compliance with sales tax requirements. It simplifies the processes that can take days to complete, and finish within minutes.

TaxJar is used in various industries like food and beverage businesses, SaaS, retail, services as well as medical institutions.

How can it help you?

TaxJar is widely used by owners of online businesses to keep everything neat and simple. Let’s explore the features and services offered by TaxJar.

TaxJar Amazon Sales Tax Guide

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Services and features

Integration

One of the most important things you’ll need to ensure is that your accounting tax software is compatible along with sales funnels. If you’re using multiple sales channels, you must keep everything in place. The final thing you would like is to get a penalty for missing a single minor point.

TaxJar allows you to display your critical metrics in one spot. So, there’s no need to gather data in multiple channels and then organize it on one platform. All you need to do is connect TaxJar, then the system will handle the rest.

Other than that, TaxJar also integrates with other platforms that help in the process of making payments. Here’s a list of the platforms they can integrate with:

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

Filing

TaxJar allows customers to file their sales taxes either manually or via TaxJar’s AutoFile feature. For the purpose of this article, we’ll look at both.

If you opt to do it manually, TaxJar will allow you to connect those sales tools. When it comes time to filing tax returns for income TaxJar will train you on how to manage these. But, it is up for you and your team members to finish the tax returns on time. TaxJar is there to guide you on what you need to do , but not to handle it.

If you’d prefer an Auto file, TaxJar will do the filling, which means you don’t have to fill out all forms by hand. Through this feature, everything will be automated from calculating sales taxes to recording and processing them. However, there might be additional costs if the feature is not included in the plan you choose.

Sales Tax Reports

As I mentioned earlier it is possible to use TaxJar to assist you with your accounting woes. The orders you place through your online channels can be combined into a single dashboard through this platform. From there you and your team can access everything you need, like the list of transactions, reports, as well as information.

The most appealing aspect of the feature you’ve chosen is they allow you to update automatically every day. Not only can they help you know how much you’ve accumulated however, they can also help you track when your following payments are due.

Their dashboard can also allow you to see the sales tax totals for your business. It is also possible to export the data in CSV format. CSV file in case you require it to aid in accounting and financial planning processes or if your team needs it to run centralized reports.

Streamlining and Training

TaxJar assists in organizing and keeping the track of all the sales avenues you use. That means you won’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 will help them be more efficient.

Furthermore, knowing the estimated amount for your sales tax ahead of time can help you allocate your funds more effectively. You’ll know exactly how much budget you have to cover other operating costs.

The best part is that TaxJar offers training and tutorials and tutorials, not just for their platform but for anything that has to do with sales tax. Check out their webinars, guides as well as their blog to find more information. Apart from that their sales tax calculator can be useful if you’re planning to do everything on your own.

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How much does TaxJar cost?

We know how crucial it is to set your budget. Some platforms offer superb features, but they can be too costly for your business. This is why in this section we’ll examine TaxJar’s pricing levels and what each of these options can offer you. Presently, TaxJar offers three plans: Starter, Professional, and Premium.

Starter

Their Starter plan costs $19. The company claims that it’s the most suitable plan for you if you need help with filing requirements or reporting. It comes with sales tax reporting, four annual AutoFiles for free, as well as an CSV import. Even with the starter plan, you will be able to access their AI tax tips.

If you’re a small-scale business owner, this plan will be ideal for you. It might not include all the features of TaxJar, but it has the essentials that you need.

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

Professional

If you’re looking for different from the basics and options, then the Professional plan might be the right one for you. The price starts at $99 but you can increase it by adding custom features.

So how different is it from the basic plan?

In addition to having access to each of 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 receive 12 free AutoFiles every year.

Premium

If you run a large company, you may need to opt for premium plans instead. It has all of the features that you require to aid in your tax preparation. Additionally, they permit unlimited data import integrations Integrations with APIs, teams of members, and AutoFiles.

They also have a team who are devoted for managing the account. But, they don’t divulge how much the Premium plan will cost you. TaxJar Amazon Sales Tax Guide

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

Free Trial

Fortunately, you don’t need to bet your life on it to see if this platform is right for you. If you’re still considering various options, they provide the opportunity to try a free trial for 30 days. This should be enough time to gauge whether the software is the right choice for you.

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Pros and Pros and

We’ve covered everything you should know about TaxJar let’s take a breather. To sum it all up we’ll go over the advantages and disadvantages of using TaxJar for your company.

Pros

  • There is a Tax Advisor option for some plans
  • AutoFile features can help you save time
  • Available in most USA states
  • Offers Taxes on sales online calculator.
  • Support service team
  • The dashboard is simple 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 have access to the API feature
  • Only applicable for USA customers.
  • Needs accountants and owners to check local legislation

The Final Verdict

With everything laid out TaxJar provides a fantastic platform to companies with many sales channels and utilizes many platforms. If that sounds like what you’re doing, then ought to try this.

Not only can it assist you in keeping track of the sales and profits of your business however, it will also help you meet the deadlines you set. It’s also an excellent platform for an accountant since they have tax Advisor program. You can find tips and gain knowledge from their workshops about taxes through it.

The use of TaxJar can help you reduce time and keep track of every deadline and obligation you have to fulfill. If you’re in a place with complicated tax regulations, this will certainly help you to get your head around it. TaxJar Amazon Sales Tax Guide

But if handling taxes is easy and straightforward, then TaxJar might not be a good investment. If you’re only dealing with one or two sales channels, TaxJar won’t be needed to track all of it. If you find the entire procedure simple to follow and you’re comfortable with it, you may be better to do it on your own.

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FAQ TaxJar Amazon Sales Tax Guide

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 integrate Shopify into TaxJar?

Yes. You can connect 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 cannot convert currency values. The transactions are in USdollars. If you’re using a different currency, you’ll need to convert it into USdollars prior to when TaxJar will calculate your tax.

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