TaxJar On Shopify

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Taxes are always one of the most difficult tasks to complete regardless of whether you run your own business or not. Even more so if you do not have any experience in finance or accounting. Tax-related issues can be overwhelming, especially when your whole day is filled with tasks to complete. In the event that you do not have the funds to employ an accountant, doing it on your own could be risky. If you overlook one thing and you don’t know it, you may need to repeat the process!

Almost everyone wants to skipping this step. However, since it’s mandatory and mandatory, there’s no other choice.

So what can we do about it?

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

Here we’ll take a look at this popular life-saving device and how it can benefit you. Even though this is an extensive read, you should be able to assess whether TaxJar is the tool you require right now.

Are you looking watching videos rather than watch them? Take a look at this video by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.

But for those who prefer to read, then let’s dive right in.

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What is TaxJar TaxJar On Shopify

Founded in 2013, TaxJar is a platform that helps automate your filings, reports, and sales tax calculations. It is a solution for the entire life cycle. In addition, you can apply it across all of the sales channels you use to ensure compliance with sales taxes. It makes the process simpler that could take days to complete and finish within just a few minutes.

TaxJar has been utilized 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 keep everything neat and simple. Let’s take a look at their features and services.

TaxJar On Shopify

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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 seamlessly works well along with sales funnels. If you’re selling through multiple channels, you must ensure that everything is in order. The last thing you want is to be penalized for missing a single minor point.

TaxJar allows you to display your key data in one location. That way, there’s no need to gather information from multiple sources and then organize it on one platform. All you need to do is integrate TaxJar and the platform will handle the rest.

In addition, TaxJar also integrates with other platforms to assist with payment processing. 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 submit their sales tax manually or through the AutoFile feature. For this review, we’ll take a look into both.

If you choose to do it manually, TaxJar will allow you to connect all of those sales tools. When it comes time to filing tax returns for income, the team will instruct you on managing these. But, it is up to you and your staff to complete everything within the timeframe. TaxJar is there to guide you on what you need to accomplish, but not manage it.

If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit all forms by hand. This feature will ensure that everything is automated, from calculating sales tax to recording and processing it. But, it is possible to incur extra fees if not included in the plan you chose.

Sales Tax Reports

As I mentioned earlier that you can utilize TaxJar to ease your accounting problems. The orders you place through your online channels can be put together into a single dashboard through this platform. From there you and your team will have access to everything you need, like a list of your transactions, reports and information.

The best part about this feature is that they allow you to update automatically every day. Not only will they let you keep track of how much you’ve earned however, they can also help you track when your following payment is due.

The dashboard allows you to fully view the total sales tax in your business. Additionally, you can export the data in a CSV file in case you require it for your accounting and financial planning processes or if you require it to run centralized reports.

Streamlining and Training

TaxJar assists in organizing and keeping on top of all the sales avenues you use. That means you won’t have to scramble for your documents when you’re when you’re in a pinch. Even even if you already have an accountant, this feature will help them be more efficient.

Furthermore, knowing the estimated amount for the sales tax you pay in advance will help you plan your funds better. You’ll be aware of the budget you have for other operational expenses.

The best part is that TaxJar offers training and tutorials not only for their platform but for anything related to sales tax. Check out their webinars, guides or blog posts for additional information. In addition, their sales tax calculator can be helpful if you’re planning on complete everything yourself.

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How much does TaxJar cost?

We know how crucial it is to determine 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 what each of those plans can offer. At present, TaxJar offers three plans that are: Professional, Starter and Premium.

Starter

The Starter plan starts at $19. The company claims that it’s the best plan if you need help with filing requirements or reporting. It also includes the tax on sales, 4 autofiles for free each year, and a CSV import. Even with the starter plan, you have access to their AI tax advice.

If you’re a small company proprietor, then this program could be perfect for you. It may not have all of TaxJar’s features but it comes with the essentials that you need.

In addition, you can reach the support team via their support chart for email. You’ll also be able to use their integration features.

Professional

If you’re looking for a bit more than just the basic features Professional could be the one for you. The price starts at $99 but it can go higher when you add additional features.

So how different is it from the original plan?

In addition to having access to every one of Starter plan’s features, you also have their support via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to get 12 AutoFiles for free each year.

Premium

If you have a massive company, you may need to go for the Premium plan instead. It has all of the features that you require to help with your taxes. Additionally, they permit unlimited data import integrations as well as API integrationsfor team users and AutoFiles.

They also have a staff that is devoted to managing your account. They don’t reveal how much the Premium plan will cost you. TaxJar On Shopify

However, they did mention that the plan is custom-made for each user. Therefore, the cost will differ depending on what you need to run your business.

Free Trial

It’s a good thing that you don’t have to gamble your money just to find out if the platform is the right one for you. If you’re still considering different options, they offer a 30-day free trial. This should be enough time to gauge whether the service is the right choice for you.

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Pros and Cons

Now that we’ve covered all you must be aware of TaxJar let’s take a break. In order to sum up the whole thing Here are the pros and cons of making use of TaxJar to run your business.

Pros

  • Does the plan include the Tax Advisor option for some plans
  • AutoFile features help save time
  • Available in most USA states
  • Provides an online sales tax calculator
  • 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
  • Allows you to track multiple sales channels

Cons

  • AutoFile limit is based on the plan
  • AutoFile has extra fees
  • Certain countries will not be able to access the API feature.
  • Only applicable for USA customers
  • Needs accountants and owners to check local legislation

The Final Verdict

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

It’s not just a way to aid in tracking your revenue and products however, it will also help you meet your deadlines. This is also an excellent platform for an accountant since they offer a Tax Advisor program. You can find tips and get knowledge from their seminars about taxes through it.

The use of TaxJar will help you save more time while keeping the track of each deadline or requirement you need to meet. If you live in an area with complex tax regulations, this will certainly help you to get your head around it. TaxJar On Shopify

If handling taxes is easy If it isn’t, then TaxJar may be an unnecessary expense. If you have only one or two sales channels, TaxJar won’t be needed to track everything. Moreover, if you’re finding the entire process easy to do and you’re comfortable with it, you may be better to do it on your own.

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FAQ TaxJar On Shopify

Which areas does TaxJar provide API support?

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

Do I have the ability to integrate Shopify into TaxJar?

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

Are there any ways to exchange one type of currency using TaxJar?

Unfortunately, no. TaxJar does not convert currency values. All of the transactions are in US$. If you’re using a different currency, you will need to convert it to USdollars prior to when TaxJar can calculate the tax.

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