Taxes have always been one of the most difficult tasks to complete regardless of whether you run your own business or not. More so if you don’t have any experience in finance or accounting. Tax-related issues can be overwhelming, especially when your whole day is packed with things to do. When you’re not able to afford enough money to hire an accountant, making it yourself can be dangerous. If you overlook one thing, you might have to redo things again!
Most people want to skip 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 simplify our lives by using tools like TaxJar.
Here we’ll take a look at this life-saving tool and how it can benefit you. While this is lengthy it is possible to gauge whether TaxJar is exactly what you need today.
Do you prefer watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also give a complete review of TaxJar’s features.
If you prefer to read, then let’s get right into it.
What exactly is TaxJar? TaxJar Integration Bigcommerce
In 2013, TaxJar was established. TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. TaxJar is a solution to all aspects of your sales tax cycle. Additionally, you can use it across all of your channels of sales to ensure compliance with sales taxes. It makes the process simpler that could require days to complete and is completed in just a few just a few minutes.
TaxJar has been used in various industries like food and beverage companies, SaaS, retail, services and even medical establishments.
How can it help you?
TaxJar is used extensively by online business owners to keep everything neat and simple. Let’s take a look at the benefits and features of TaxJar.
Services and features
One of the most important things you’ll want to check is your tax-reporting software seamlessly works well in conjunction with the sales channels you use. If you’re selling through multiple channels, you must maintain everything in line. The final thing you would like is to face a penalty due to missing a single minor point.
TaxJar allows you to show your most important metrics in one place. So, there’s no need to collect data in multiple channels and sort it into a single platform. All you need to do is integrate TaxJar and the platform will do the rest.
Other than that, TaxJar also integrates with other platforms that help with payment processing. Here’s a list highlighting the platforms that they can connect with:
TaxJar allows customers to submit their sales tax manually or through the AutoFile feature. For the purpose of this article, we’ll look at both.
If you decide to do it manually, TaxJar will allow you to connect all those sales tools. When the time is right for filing income tax returns The team will guide you on managing them. It is up to you and your staff to complete everything on time. TaxJar is only there to guide you on what you should do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit any forms manually. Through this feature, everything will be automated from calculating sales tax to recording and processing it. There could be extra fees if not included in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to 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. Once you’re on the platform you and your team will have access to all the information you need, like the list of transactions, reports and information.
The most appealing aspect of this option is the fact that it lets you to update your account automatically each day. Not only can they help to know the amount you’ve accumulated and how much you’ve earned, but they also let you determine when your next payments are due.
The dashboard allows you to see the sales tax totals in your business. Additionally, you can export your data as a CSV file, if you want to use it to aid in financial planning and accounting processes or if your team needs it for central reporting.
Streamlining and Training
TaxJar helps you organize and keep on top of all your sales channels. That means you won’t have to search for your documents whenever you’re in the event of a need. Even when you already have your accountant, this feature will aid them in being more efficient.
Additionally, knowing the figures for your sales tax ahead of time will help you plan your money more efficiently. You’ll be aware of the budget you have for other operating expenses.
But what’s even better is that TaxJar offers tutorials and training and tutorials, not just for their platform but everything related to sales tax. You can check out their webinars, guides, or blog posts for additional info. Apart from that the sales tax calculator is helpful if you’re planning on complete everything yourself.
How much does TaxJar cost?
We know how crucial it is to establish your budget. Certain platforms have amazing features, but they can be too costly for the business you run. That’s why for this section we’ll examine TaxJar’s pricing levels and the features that each of these plans can offer. Currently, TaxJar offers three plans: Starter, Professional, and Premium.
Their Starter plan is priced at $19. They claim that it’s the best plan to help you in filing and reporting. It also includes the tax on sales, 4 free yearly AutoFiles, and an CSV import. With the starter plan, you have access to their AI tax advice.
If you’re a small-scale company owner, this plan will be ideal for you. It might not include all the features offered by TaxJar but it comes with the essentials that you need.
Additionally, you can contact the support team via their email support chart. You’ll also have access to their integration capabilities.
If you’re looking for something a bit more than just the standard features Professional could be the one for you. The price starts at $99 however, it could go up when you add additional features.
So how different is it from the original plan?
In addition to accessing all of the Starter plan’s features, you also get access to their support via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to receive 12 free AutoFiles every year.
If you own a huge enterprise, you may want to go for the Premium plan instead. It has all of the features needed to aid in your tax preparation. Additionally, they permit unlimited integrations with data imports, API integrations, team users and AutoFiles.
There is also a team dedicated to managing your account. However, they don’t disclose the price of the Premium plan. costs you. TaxJar Integration Bigcommerce
However, they did mention that this plan is customized for every user. Therefore, the cost will differ in line with what you require for your business.
Luckily, you don’t have to gamble your money just to determine if this service is right for you. If you’re still looking into other options, they have the opportunity to try a free trial for 30 days. This should give you enough time to gauge whether the service is the right choice for you.
Pros and Cons
After we’ve gone over everything you should be aware of TaxJar let’s take a breather. To sum it all up Here are the pros and cons of the use of TaxJar for your company.
- Has the Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Provides on the internet for sales tax 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.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature.
- Only valid for USA customers.
- Owners and accountants should check local legislation
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies that have multiple sales channels and uses many platforms. If that sounds like what you’re doing, then ought to try this.
Not only will it help you track your products and revenue, but it can assist you in meeting the deadlines you set. This is also an excellent option for accountants as they provide a Tax Advisor program. You can find tips and learn from their sessions regarding taxes via it.
Utilizing TaxJar can allow you to reduce time and keep the track of each deadline and requirement you have to meet. If you live in a region with a lot of tax laws, this can surely help you wrap your mind around it. TaxJar Integration Bigcommerce
However, if managing taxes is easy, then TaxJar might not be a good investment. If you have only one or two sales channels, TaxJar won’t be needed to track all of it. Moreover, 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.
FAQ TaxJar Integration Bigcommerce
Which areas does TaxJar provide API assistance?
TaxJar is currently assisting countries such as Australia, the United States, the EU, Australia, and Canada.
Do I have the ability to integrate Shopify with TaxJar?
Yes. You can sync your Shopify account with TaxJar for easier monitoring and updates.
Are there any ways to exchange one type of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. All transactions are in USdollars. If you’re using a different currency, you’ll have to convert it into US$ before TaxJar can calculate your tax.